Credit Cards » Credit Card Reviews » Capital One QuicksilverOne Cash Rewards Credit Card Review 2021
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Capital One QuicksilverOne Cash Rewards Credit Card Review 2021

The Capital One QuicksilverOne Cash Rewards Credit Card, for all intents and purposes, an extremely simple credit card. Designed to help people with average credit build their credit higher as well as enjoy 1.5% cash back on all purchases.

We may receive compensation from companies that appear on this page. This may impact how and where products appear on a page (including, for example, the order in which they appear). It doesn’t affect our unbiased editors’ opinions. our opinions are our own.

In This Review..

The Capital One QuicksilverOne Cash Rewards Credit Card is a low-effort card that offers the card holder unlimited cash back. While this isn’t the best credit card deal around in terms of rewards, it is a great deal for people who wouldn’t qualify for another credit card that has better reward redemption options.

The major benefit of getting the QuicksilverOne Cash Rewards credit card is to build your credit history and increase your credit score by showing lenders you make payments on time and are responsible with borrowed money.

QuicksilverOne Cash Rewards

On Capital One’s Secure Website

Rewards Plan

Unlimited 1.5% cash back on every purchase

Sign up Bonus

None

0% Intro

None

PROS

CONS

APR

26.99%

Annual Fee

$39

Balance Transfer Fee

None

Credit Requirements

Average - Good

Another great benefit that comes along with the Capital One QuicksilverOne Cash Rewards Credit Card is the fact that on ALL purchases that this card is used for, there is 1.50% rewards – with no rewards limits.

The card also offers super useful feature for average credit customers – the card doesn't charge balance transfer. It's a benefit that we almost don't see on other cards.

On the negative side – the card has $39 annual fee, and the ongoing APR is very high – 26.99%. 

Card & Issuer Reputation

  • 3.5/5  on WalletHub customer reviews (+5,700 reviews): WalletHub customer reviews allow customers to post positive, negative or neutral reviews about marketplace experiences.
  • 4.6/5 on Official Card Website customers reviews ( +10,100 reviews): Customers can express their opinion on the official card website. It reflects the overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  • 808/1000 on J.D Power: Capital One got 808 out of 1000 available points on 2020 J.D. Power credit card satisfaction survey, a bit lower than the industry average. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

In order to avoid bias based on a small number of reviews, we present only ratings with at least 200 reviews.

Benefits

Let’s take a look at the benefits of the QuicksilverOne Cash card and see if it’s the right one for your wallet or not.

The major benefit of getting the QuicksilverOne Cash Rewards credit card is to build your credit history and increase your credit score by showing lenders you make payments on time and are responsible with borrowed money. 

Secured credit cards give you smaller credit lines to help you build the habits needed to grow your score while keeping the risk level down so you can’t put yourself in lots of credit card debt

With the Capital One QuicksilverOne Cash Rewards card your credit counts towards all 3 credit bureaus like a normal credit card and you’ll find many different tools on Capital One’s website to help you monitor and grow your score. 

You can also increase your credit limit after paying on time successfully for your first 5 payments..

When you begin to accumulate enough points on the Capital One QuicksilverOne Cash Rewards Credit Card to begin redeem rewards, there is no reward limit that the card holder has to worry about.

 Cardholders can use rewards for as some as low as the a $1.99 soda if they want, or can use them to pay for larger rewards as they see fit. 

Many cash back rewards credit cards will place minimum purchases or restrictions so that the cardholder can only redeem rewards occasionally or for larger things in order to keep reward redemption to a minimum, so not having to worry about this is a fantastic bonus for any new potential cardholder.

Another great benefit that comes along with the Capital One QuicksilverOne Cash Rewards Credit Card is the fact that on ALL purchases that this card is used for, there is 1.50% rewards.

While this isn’t the best cash back rate of return out there compared to other credit cards, this is certainly something to consider as many of the other credit cards will not give the card holder cash back for all purchases on the card, and if they do it isn’t as high as 1.50%.

The rewards rates can be used as cash back on any purchase, or can simply be a statement credit that the cardholder receives when they decide to cash in their rewards points. 

A great benefit that the Capital One QuicksilverOne Cash Rewards Credit Card offers to their cardholders is the fact that they offer no transfer fees on the card. 

Most credit cards offer anywhere from 3%-5% transfer fees for any type of transfer across cards, so the fact that the Capital One QuicksilverOne Cash Rewards Credit Card offers no transfer fees is a great bonus for any cardholder.

Another major benefit to the Capital One QuicksilverOne Cash Rewards Credit Card is the fact that all cardholders have no-cost fraud liability, which simply means that a cardholder isn’t charged or held liable if their card is lost or stolen and someone else uses the card. 

This is a massive benefit that will save the cardholder time, money, and stress, as all they would have to do is call the credit card service and report the Capital One QuicksilverOne Cash Rewards Credit Card as missing or stolen.

Drawbacks

Let’s take a look at the drawbacks of the QuicksilverOne Cash credit card and see if it’s the right one for your wallet or not.

The only true downfall to the Capital One QuicksilverOne Cash Rewards Credit Card is that is does come with a $39 annual fee. 

While this is much lower than most credit cards that come with an annual fee, this is still something to consider for any potential applicant who was hoping to avoid annual fees.

The QuicksilverOne Cash Rewards’s variable APR is higher than normal, up to 26.99%. 

This is higher than other comparison cards, and can certainly be beaten by other potential cards that an applicant might be interested in.

Besides cash back, there are limited options to redeem your rewards. In addition, you won’t be able to transfer rewards to other cards or loyalty programs.

If you shop around, you can find cards with higher pure cash back .

Application Process

Visit the Capital One QuicksilverOne home page, and click on “Apply now”. 

This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth etc.

Next is your contact and financial information.

Lastly, ensure you read through the important disclosure page to know your eligibility, fees, costs, rates, etc.

 Then click on “continue” to complete the process. 

Alternatives

There are other credit cards that do offer comparable cash back rewards – we’ve summarized the most popular cards which can use as an alternative to the QuicksilverOne Cash Rewards Credit Card:

Capital One Walmart Credit Card  is one of the credit cards on the market that is a store card that allows borrowers who do not have perfect credit to apply and be approved.

The Walmart Credit Card earns 5% at Walmart.com and Walmart app. This includes orders made online and products picked up at local stores. Also, the card earns  on Walmart stores,restaurants & travel and gas. This must be at Walmart or Murphy USA gas stations.

The Walmart Credit Card also earns 1% on all spending at everywhere else where Mastercards acceptedAlso, as part of an Introductory offer for new cardholders, you earn 5% in Walmart stores for the first 12 months when you use your Capital One® Walmart Rewards™ Card with Walmart Pay.

The card has no annual fee and the fact that average credit is also accepted, it can be good for those who want to build or rebuild their credit. 

The Quicklsilver cash rewards card’s earns 1.50% rewards on every dollar spent everywhere. While that’s generally lower than the SavorOne, the Capital One Quicksilver Cash Rewards Credit Card makes up for it with exciting perks.

In addition to the aforementioned intro 0% APR periods on both balance transfers and purchases, this card offers a sign-up bonus of $150 once you spend $500 in the first three months, as well as a lower variable APR range between 15.49% and 25.49% after the intro period. The Quicksilver cash rewards card does not come with an annual fee.

However, there is 3% fee on the amounts transferred within the first 15 months. 

HSBC Cash Rewards Mastercard is a straight forward cash back rewards card for those looking simplify their rewards or consumers looking to spend a bunch in the first year of opening.

This card has a generous 3% on all spending in the first year and a competitive 1.50% on all other spendings. Also, the HSBC Cash Rewards does not have an annual fee.

One of the top notch benefits is the 0% introductory APR on purchases and balance transfers for the first 12 months from Account opening.

The ongoing APR HSBC Cash Rewards Mastercard is a 12.99%-22.99%.

This card is also fits for traveling in that it is does not have a foreign transaction fee and cardholders and earn cash back on their purchases during travel. 

Is the Capital One QuicksilverOne Cash Rewards Credit Card Right for You?

The Capital One QuicksilverOne Cash Rewards Credit Card is a low-effort card that offers the card holder unlimited cash back. While this isn’t the best credit card deal around in terms of rewards, it is a great deal for people who wouldn’t qualify for another credit card that has better reward redemption options.

If you’re the type of person who wants a low-effort card that still give you some type of reward for using it, then look no further than the Capital One QuicksilverOne Cash Rewards Credit Card. However, if you want more flexible reward options, or have a higher level of credit established, then consider looking to other options

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.