Capital One Quicksilver – Still Worth It? (Honest Review)
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Capital One Quicksilver Cash Rewards Credit Card
Are you looking for a credit card that offers cash back for every single one of your purchases? Look no further than the Capital One Quicksilver Cash Rewards Credit Card. With this card, you earn 1.5% cash back on all of your purchases with no annual fee.
Before you sign up, it’s important to consider both the pros and cons of this card to determine if it’s the right fit for your spending habits. In this blog post, we’ll dive into the features, benefits, and drawbacks of the Capital One Quicksilver Rewards Credit Card to help you make an informed decision.
Continue reading below or check out our video review.
Learn more about Capital One Quicksilver Cash Rewards Credit Card HERE
Credit Card Overview
Launched in 2013, the Quicksilver card has become a popular credit card due to its easy-to-understand, no-gimmicks nature. In typical credit card fashion, Capital One offers many “Quicksilver” card options which can confuse consumers. Below is the current lineup of the ‘Quicksilver’ family:
Eligibility for these credit cards depends heavily on your creditworthiness, as designated by Capital One. Here is a screenshot of the factors considered before aligning applicants to a credit level:
Keep in mind that this review is focused on the Quicksilver Rewards and Quicksilver Rewards for Good Credit and that these cards assume you have ‘Excellent’ to ‘Good’ credit.
The QuicksilverOne and Quicksilver Secured are also good choices, but these target individuals with ‘Fair credit’ and have other quirks such as higher variable APR rates. The QuicksilverOne also has a $39 Annual Fee.
Quicksilver Credit Limit
While considering this credit card, you’re likely wondering what the minimum and maximum credit limits are. Capital One has not explicitly confirmed these metrics but cardholders typically start as low as $750 and rise up to over $10,000.
However, one common issue with this card involves potential difficulty in increasing your credit limit with Capital One.
Pros
As mentioned, the Quicksilver Rewards card is ideal for beginners or anyone looking for a basic, no-frills credit card. Here is a quick snapshot of the pros of the Capital One Quicksilver Rewards Credit Card:
- $0 annual fee
- 1.5% cash back on ALL purchases / Simple rewards structure
- No foreign transaction fees
- $200 sign-up bonus**
**Requires ‘Excellent’ Credit per Capital One
Cons
No credit card is 100% perfect. Here are some potential cons for the Quicksilver card:
- Credit limit increases can be difficult
- No rotating categories/bonus categories
- Requires good/excellent credit
- 1.5% cash back is lower than some competitors
Is Capital One Quicksilver a Good Credit Card for Beginners?
Yes, the Capital One Quicksilver is an excellent credit card for beginners due to its simplicity. The credit card offers a straightforward 1.5% cashback on all purchases avoiding any confusion caused by rotating bonus categories or spending limits.
Recap
Above all, if you are looking for a simple, cash-back credit card then the Capital One Quicksilver is an excellent choice. There are some cons with the card though, which should be considered before signing up.
Learn more about Quicksilver Rewards Card HERE
Looking for a $0 Annual Fee credit card with even better statement credit cash back options? Read our review on the Blue Cash Everyday® Card from American Express. (See Rates & Fees)
Feasible Creative is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to Capital One benefits and offers. Enrollment may be required for select Capital One benefits and offers. Visit capitalone.com to learn more. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post.
