- Earns flat-rate rewards (1.5% cash back) on all purchases
- Earns 5% back on hotels and rental cars booked through Capital One
- No annual fee and no foreign transaction fees
- Generous welcome offer
- Flexible redemptions for rewards
- Intro APR offer for purchases and balance transfers
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The credit card market is flooded with cash back credit cards right now, and the card_name is one of the better options with no annual fee. This card's flexible redemption options make it a good option for people who don't want to get stuck with rewards they can't use, and the flat earning rate makes it a solid choice for people who dislike complicated rewards programs.
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Credit score needed
credit_score_needed
Regular APR
reg_apr,reg_apr_type
Annual fees
annual_fees
Bonus rewards full
bonus_miles_full
If you're considering the card_name and wondering if there are better cards out there, read on. Here’s how this cash back credit card works, where it shines, and which competing cards could leave you better off.
TIME's Take
The card_name is worth considering if you have excellent credit and want to earn rewards for spending with no annual fee. The card's flat-rate rewards structure (1.5% back on all purchases) makes it a no-hassle option for people who hate keeping up with bonus categories and rewards caps. Its intro APR offer for purchases and balance transfers makes the card_name an affordable card to carry—at least for the first 15 months.
That said, the card's rewards rate isn't as high as you'll find with some competitors. The lack of bonus categories also means there's no good way to maximize rewards other than spending more money on purchases.
Pros & cons
Pros:
Cons:
- Some flat-rate cards offer a higher rate
- No travel-specific benefits
- Few other cardholder perks
- "Excellent" credit required
Who is the card for?
Because the card_name offers a flat rate of 1.5% cash back on all purchases without confusing bonus categories or rewards caps to keep track of, this card is for people who want to earn rewards without a lot of hassle and stress. The same applies when it comes to redeeming rewards since redemption options are easy to understand. For example, you can redeem rewards earned with this card for cash back, statement credits, gift cards, and even purchases through Amazon.com or PayPal.
However, it's important to note that Capital One says this card is for people with "excellent credit." While the card issuer doesn't list a minimum credit score to be approved, it does say applicants should have never declared bankruptcy or defaulted on a loan, and that being 60 days late on a bill can also lead to a denial. The card issuer also says eligible applicants should have "had a loan or credit card for 3 years or more with a credit limit above $5,000."
Features
The card_name is a fairly straightforward card with terms that are easy to understand. Here are the main features you should know about:
Cash back rewards
The card_name offers an unlimited flat rate of 1.5% cash back on all purchases, plus 5% back on hotels and car rentals booked through Capital One Travel.
Not only that, but new cardholders can earn a one-time $200 cash bonus after spending $500 on purchases within three months from account opening.
Intro APR offer
Cardholders can enjoy intro_apr_rate,intro_apr_duration and balance_transfer_intro_apr,balance_transfer_intro_duration, followed by a reg_apr,reg_apr_type APR. This intro offer makes this card valuable for people who want to consolidate and pay down high-interest debt or pay down a large purchase over time.
No foreign-transaction fees
The card_name doesn't charge foreign-transaction fees when you use it for purchases abroad. Many competing cash back credit cards do.
Uber One benefit
The card comes with six months of complimentary Uber One membership (through November 14, 2024). Enrollment is required, and this membership comes with $0 delivery fees on Uber Eats orders, 10% off eligible Uber Eats orders and member pricing, and top-rated drivers on the ridesharing app.
Capital One Entertainment
Get access to presale event tickets and special events just for being a cardholder. While this may not seem like a big deal, remember that card_name cardholders had a separate presale event for Taylor Swift Eras Tour tickets when they were originally for sale in November 2022.
Capital One Dining
Capital One Dining lets cardholders get reservations at exclusive eateries and award-winning restaurants.
Extended warranties
This coverage offers additional extended warranty protection on eligible items that already come with a manufacturer's warranty.
Travel accident insurance
Automatically get travel accident insurance at no cost when you use your credit card to pay for a common carrier fare with an airline, cruise line, and more.
Complimentary concierge
Finally, cardholders get complimentary concierge services 24 hours a day and seven days a week. This hotline gives you specialized assistance and helps with booking dinner reservations, travel, and more.
The fine print
This card_name is fairly free of fine print and "gotchas," but there are some terms and conditions you'll want to understand.
Interest rates
While the intro APR offer on the card_name is nice, remember that this offer won't last forever. After the intro_apr_duration, you'll pay a reg_apr,reg_apr_type variable APR on any remaining balances.
Fees
Using this card to consolidate high-interest debt can help you pay down debt faster and save money on interest, yet a balance_transfer_fees balance-transfer fee applies.
Additional fees to watch out for include:
- Cash advance fee of cash_advance_fee.
- Late payment fee of late_payment_fee.
What could be improved?
While the card_name seems to have a lot going for it at first glance, you'll see where this card comes up short when you take the time to look at its competitors. For starters, there are cash back credit cards with higher flat earning rates. There are also cash back credit cards like the card_name that offer 1.5% cash back on regular spending and even more rewards in popular bonus categories.
Some cash back credit cards with better rewards also come with more valuable perks overall. For example, cardholders with the card_name get access to purchase protection against damage or theft, extended warranties, a free credit score, secondary auto rental coverage, trip cancellation and interruption insurance, and travel and emergency assistance services.
Card alternatives
| Welcome offer | bonus_miles | SPECIAL OFFER: Unlimited Matched Cash Back. Offer ending soon. |
|---|---|---|
| Intro APR | intro_apr_rate,intro_apr_duration | intro_apr_rate,intro_apr_duration |
| Annual fees | annual_fees | annual_fees |
| Foreign transaction fees | foreign_transaction_fee | foreign_transaction_fee |
| Credit score needed | credit_score_needed | credit_score_needed |
Bottom line
You can probably do better than the card_name. The card appears to be an impressive cash back credit card if you look at its rewards rates, features, and fees on their own. However, the value really falls apart when you compare it to similar rewards credit cards on the market today. The fact is, some other cards offer better rewards potential and similar intro APR offers with no annual fee. In fact, several top cards offer a higher flat cash-back rate of 2% cash back on all purchases or bonus rewards categories you can maximize over time.
On the other hand, the card_name doesn't charge foreign transaction fees. This helps it stand out among other cards that charge fees of around foreign_transaction_fee when you use them for purchases outside the United States.
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Credit score needed
credit_score_needed
Regular APR
reg_apr,reg_apr_type
Annual fees
annual_fees
Bonus rewards full
bonus_miles_full
Frequently asked questions (FAQs)
Is card_name worth getting?
The card_name is worth getting if you want flat-rate cash back with no annual fee, or if you want an intro APR offer for purchases and balance transfers; reg_apr,reg_apr_type after that; balance transfer fee applies. This card also works well for people who travel since it doesn't charge foreign transaction fees.
Is it hard to get the card_name?
The card_name may be more difficult to get since it's marketed to consumers with excellent credit. If your credit score needs some work, look into credit cards for fair credit or credit cards for bad credit instead.
Is card_name a good credit card for building credit?
The card_name reports your balances and payments to the three credit bureaus, so it's a great card for building credit over time.
What is the limit on a card_name?
The lowest possible limit on the card_name is $300, yet applicants with excellent credit and high incomes can get a credit limit of $5,000 or more.
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