Capital One QuicksilverOne Cash Rewards Credit Card Review

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Capital One QuicksilverOne Cash Rewards Credit Card
Best Starter Credit Card

Capital One QuicksilverOne Cash Rewards Credit Card

Learn more externa link icon at our partner’s secure site.
Rewards rate:

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

  • Intro bonus: No current offer
  • Annual fee: $39
  • Regular APR: 26.99% (Variable)
  • Recommended credit score: (No Credit History)

The Capital One Quicksilver Cash Rewards Credit Card is a solid cash back option for cardholders with average credit or little credit history. For a $39 annual fee, you can earn a flat 1.5% back for each dollar you spend while you build a positive payment history and boost your credit score.

At a Glance

  • Earn unlimited 1.5% back for each dollar you spend
  • $39 annual fee
  • No foreign transaction fees
  • 26.99% variable APR for purchases

Pros

  • Earn flat-rate rewards without having to worry about bonus categories

  • Available to consumers with fair credit or better

  • Flexible rewards redemptions

  • No foreign transaction fees

Cons

  • High variable APR

  • $39 annual fee

  • Few meaningful cardholder benefits

Additional Card Details

Capital One QuicksilverOne Cash Rewards Credit Card is geared toward consumers with less-than-perfect or “fair” credit, and it lacks the cardholder benefits you may find from other rewards credit cards

The main perks are designed to help you boost your credit score. Not only can you get approved with fair credit, but Capital One will automatically review your account and consider you for a higher line of credit in as little as six months. You’ll also get access to the Capital One CreditWise program, which offers tools to monitor and track your credit score

Should You Get this Card?

If your credit score isn’t great or you have little experience using credit, Capital One QuicksilverOne Cash Rewards Credit Card is a good option for earning rewards on every purchase while you build credit.

Unlike many starter credit cards, you will pay a $39 annual fee. You’ll need to spend at least $2,600 on your card annually to offset that fee with the 1.5% cash back rate.

Also unlike some other credit card options for bad credit, the Capital One QuicksilverOne Rewards Credit Card is an unsecured credit card. This means you can use it to build your credit score through responsible use without having to put down a cash deposit as collateral.

While the credit limit on your Capital One QuicksilverOne Rewards Credit Card may be low at first, Capital One will automatically review your account and consider a credit line increase in as little as six months. 

If you already have a strong credit score, you may want to consider the standard Capital One Quicksilver Rewards Credit Card instead. You’ll earn the same 1.5% cash back rewards rate, but forgo the annual fee and qualify for a $200 cash bonus after spending $500 within three months of account opening.

How to Use the Capital One QuicksilverOne Rewards Credit Card

Given this card’s 1.5% flat rewards rate on all purchases, maximize your rewards by using it for any regular spending. 

You should also focus your efforts on using this card to improve your credit score.

To build good credit and forgo high-interest debt, pay your statement balance in full and on time each month, and never carry a balance if you can avoid it. The high variable APR of 26.99% on purchases means carrying debt on this card will become expensive very quickly. Only charge purchases you can afford to pay off each month and be careful not to overspend.

You should also be aware of your assigned credit limit so you can keep an eye on your credit utilization rate, or the amount of credit you use compared to your overall available credit. Experts recommend keeping this ratio under 30%. In other words, if your credit limit is $500, you should keep your balance under $150 to see the best effect on your credit score. That’s another reason to make timely payments in full each month — if you’re approved for a credit limit increase after your initial six months, you’ll have more freedom to spend while keeping your utilization low and improving your credit score. 

Capital One QuicksilverOne Rewards Credit Card Compared to Other Cards

Capital One QuicksilverOne Cash Rewards Credit Card

Capital One QuicksilverOne Cash Rewards Credit Card

  • Intro bonus:
    No current offer
  • Annual fee:
    $39
  • Regular APR:
    26.99% (Variable)
  • Recommended credit:
    (No Credit History)
  • Learn more externa link icon at our partner’s secure site.
Capital One Platinum Credit Card

Capital One Platinum Credit Card

  • Intro bonus:
    No current offer
  • Annual fee:
    $0
  • Regular APR:
    26.99% (Variable)
  • Recommended credit:
    (No Credit History)
  • Learn more externa link icon at our partner’s secure site.
Indigo® Platinum Mastercard®

Indigo® Platinum Mastercard®

  • Intro bonus:
    No current offer
  • Annual fee:
    $0 – $99
  • Regular APR:
    24.90%
  • Recommended credit:
    300-670 (Bad to Fair)
  • Learn more externa link icon at our partner’s secure site.

Bottom Line

EDITORIAL INDEPENDENCE

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

Capital One QuicksilverOne Rewards Credit Card is a good card option for people with average credit or no credit history, especially if you’re looking for an alternative to secured credit cards. 

Determine whether your expected annual rewards are enough to offset the $39 annual fee before applying, and practice good credit habits with this card so you can improve your credit and get approved for better rewards credit cards later on. 

Frequently Asked Questions

What credit score is needed for the Capital One QuicksilverOne Rewards Credit Card?

The Capital One QuicksilverOne Rewards Credit Card is a good choice for people with just average credit. Applicants with at least a fair credit score (580 or higher) or little credit history have good chances for approval.

What is the highest credit limit for the Capital One QuicksilverOne Rewards Credit Card?

The minimum credit line you can expect with this card is $300. But Capital One uses the details from your application to determine your credit limit, so you’ll have to apply to see how much credit you can qualify for. After six months, your account is automatically reviewed to determine your eligibility for a credit line increase.

Does the Capital One QuicksilverOne Rewards Credit Card have an annual fee?

Yes, you’ll pay a $39 annual fee.