The
Capital One QuicksilverOne Cash Rewards Credit Card is a very good credit card for people with limited or fair credit who want to earn rewards.
Capital One QuicksilverOne is worth the
$39 annual fee if you spend at least $780 to $2,600 per year (according to our calculations) and pay the bill in full each month, thanks to rewards of
1.5 - 5% cash back and a high APR.
Capital One QuicksilverOne Review Highlights
Generous, straightforward rewards
Capital One QuicksilverOne offers
1.5% cash back across all purchases. Not only does that blow away the
1.17% available from the average cash rewards card, but it also lacks the annoying complexities that are common with many offers (e.g., earning rates that vary by purchase category). Plus, you won’t have to worry about how much your rewards are worth, since you’ll be earning cash instead of points or miles. On top of that, hotels and rental cars booked through Capital One Travel yield
5% cash back.
$39 annual fee
We generally recommend
no annual fee credit cards to people with below-good credit. But that’s because most credit cards for people with fair, limited or bad credit don’t offer good enough rewards to warrant paying a fee. That’s not necessarily the case with the
Capital One QuicksilverOne Card. You’ll break even, meaning your cash-back earnings will equal the card’s
$39 annual fee, by spending $2,600 per year according to our calculations. So as long as you plan to do that, the fee isn’t really anything to worry about.
Not the card for carrying a balance
The
Capital One QuicksilverOne Card’s APR is well above the average among credit cards for people with fair credit, according to WalletHub’s latest
Credit Card Landscape Report. So you should only get it if you plan to pay your bill in full every month (as is generally the case with rewards cards).
No penalty for international use
Capital One is one of the only major issuers to remove foreign-transaction fees from all of its credit card offers. So you won’t get penalized – the market average is
1.56% – for using the QuicksilverOne Card to make purchases through international merchants or when traveling abroad. That’s good.
Available to people with limited/fair credit
QuicksilverOne wouldn’t be anything special if it wasn’t available to relatively unproven consumers. But it is, providing a way to make credit-building pay off even more than normal. If you’re not sure where your credit currently stands, you can
check your latest credit score for free on WalletHub and then track your improvement with daily updates. And if you find that you actually have good or excellent credit, you should be able to qualify for the standard
Capital One Quicksilver Cash Rewards Credit Card.
