Capital One Quicksilver Student Cash Rewards Card Review: 1.5% Cash Back for Students

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Capital One Quicksilver Student Cash Rewards Credit Card Capital One Quicksilver Student Cash Rewards Credit Card
Editor’s Score: (N/A)
Learn more externa link icon At our partner’s secure site
Capital One Quicksilver Student Cash Rewards Credit Card
Editor’s Score: (N/A)
  • Intro bonus:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    26.99% (Variable)
  • Recommended credit score:
    (No Credit History)
Rewards rate:

Earn unlimited 1.5% cash back on every purchase, every day.

NextAdvisor’s Take

Pros
  • Earn 1.5% cash back on all purchases
  • Available to those with “fair” credit
  • Flexible redemption options
  • No foreign transaction fees
Cons
  • High APR when you carry a balance
  • No welcome offer
The Bottom Line
The Capital One Quicksilver Student Cash Rewards Card lets students build credit while earning 1.5% cash back on each purchase. There’s no annual fee, and you can check your eligibility without a hard inquiry on your credit report.

Additional Card Details

  • Extended warranties on eligible purchases that come with a manufacturer’s warranty
  • Travel accident insurance
  • Complimentary concierge service
  • 24-hour travel assistance services
  • Access to Capital One Experiences including sports events, music events and VIP culinary experiences

Capital One Quicksilver Student Cash Rewards Card Full Review

Card Type

The Capital One Quicksilver Student Cash Rewards Card is a student credit card that also offers rewards. 

Annual Fee

This card doesn’t charge an annual fee.

Welcome Offer

There is no welcome offer for new Capital One Quicksilver Student Cash Rewards cardholders.

Rewards

Students who choose the Capital One Quicksilver Student Cash Rewards Card can earn a flat 1.5% in cash back for each dollar spent. While some cash back credit cards offer higher rewards rate, this card’s rewards are good in comparison to other student cards for building credit.

Fees

The Capital One Quicksilver Student Cash Rewards Card doesn’t charge an annual fee or foreign transaction fees. Fees you may run into include a 3% balance transfer fee (minimum $5), a 3% cash advance fee (minimum $10) and a $40 late payment fee.

Other Benefits

This card comes with a few perks for a student credit card beyond 1.5% cash rewards. These include travel accident insurance, complimentary concierge services and 24-hour travel assistance services. Your purchases that come with a manufacturer’s warranty can also qualify for extended warranty coverage.

Benefits of Capital One Quicksilver Student Cash Rewards Card

If you’re a student who wants to earn rewards while you build credit, the Capital One Quicksilver Student Cash Rewards Card should be at the top of your list. Not only can you check your eligibility without harming your credit score, but you’ll earn 1.5% cash back with no annual fee.

Pro Tip

If you’re unsure whether you can get approved for this credit card, the Capital One Quicksilver Student Cash Rewards Card lets you check your eligibility online without a hard inquiry on your credit score.

Also note that the rewards earned with this card are pretty flexible. You can redeem your cash back for a check in the mail, statement credits, gift cards or purchases made through PayPal.com.

Drawbacks of Capital One Quicksilver Student Cash Rewards Card

This card’s high variable APR (currently 26.99%) will cost you big time if you rack up debt, so you should only use this card if you know you will be able to pay your balance in full each month.

Also be aware that this card is geared to students, and that you may not qualify if you don’t meet the issuer’s criteria. Specifically, Capital One counts a student as “anyone currently enrolled, or admitted and planning to enroll in the next 3 months, at an accredited university, community college or other higher education institution.” Once you graduate, however, you can keep your card benefits and rewards without any changes.

How to Use Capital One Quicksilver Student Cash Rewards Card

With 1.5% cash back on everything, you can maximize your Capital One Quicksilver Student Cash Rewards Card by using it for all your regular purchases you can afford to pay off when your balance is due. That way, you can earn cash back on your spending and build credit while avoiding this card’s sky high APR. 

Paying off your balance each month will also help keep your credit utilization — the amount of credit you use versus how much available credit you have — lower, which can help boost your credit score. Experts recommend keeping your credit utilization below 30%. To build credit, you should also make all your payments with this card by the time your statement is due, since your payment history is the most important determinant of your credit score.

Capital One Quicksilver Student Cash Rewards Card Compared to Other Cards

Capital One Quicksilver Student Cash Rewards Credit Card

Capital One Quicksilver Student Cash Rewards Credit Card

Editor’s Score: (N/A)
  • Intro bonus:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    26.99% (Variable)
  • Recommended credit:
    (No Credit History)
  • Learn more externa link icon At our partner’s secure site
Discover it® Student Cash Back

Discover it® Student Cash Back

Editor’s Score: (4.3/5)
  • Intro bonus:
    Cashback Match™
  • Annual fee:
    $0
  • Regular APR:
    12.99% – 21.99% Variable
  • Recommended credit:
    (No Credit History)
Chase Freedom® Student credit card

Chase Freedom® Student credit card

Editor’s Score: (N/A)
  • Intro bonus:
    $50
  • Annual fee:
    $0
  • Regular APR:
    14.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site

Is the Capital One Quicksilver Student Cash Rewards Card Right for You?

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

The Capital One Quicksilver Student Cash Rewards Card is a great credit card choice for students. If you’re looking to build credit while in college, this card can offer great savings on your everyday spending and a solid foundation for your credit journey.

Even so, it never hurts to compare other student credit cards as well as credit cards for fair credit. Some cards offer benefits geared specifically toward students or credit-building perks which may be a better fit for you to improve your credit score.

Frequently Asked Questions (FAQ)

Does the Capital One Quicksilver Student Cash Rewards Card charge foreign transaction fees?

This card doesn’t charge foreign transaction fees, which makes it a good choice for international travel.

What is the minimum credit score for the Capital One Quicksilver Student Cash Rewards Card?

For the best chances of qualifying for this card, you should have at least fair credit, or a score of at least 580.