Capital One Quicksilver One Cash Rewards Credit Card Review

Capital One Quicksilver One Cash Rewards Credit Card Review

Capital One Quicksilver One Cash Reward caters to those building credit or with a fair credit history (typically 580-740 FICO score). It offers rewards on everyday purchases, ranging from 1.5% unlimited cash back to a boosted 5% cash back on hotel and rental car bookings made through Capital One Travel (where you’ll also find their best travel deals). This card goes easy on your wallet with no annual fee and no security deposit required. Additionally, enjoy waived foreign transaction fees and up to six months of complimentary Uber One membership to elevate your ride-hailing experience. Build your credit responsibly while earning cash back on everyday purchases with the Capital One Quicksilver One Cash Rewards Credit Card. However, keep in mind the card does have a $39 annual fee and a variable APR of 30.74%.

Quick Highlights

• Earn unlimited 1.5% cash back on every purchase, every day.
• There are no rotating categories or limits to how much you can earn, and cash back doesn’t expire for the life of the account. It’s that simple.
• Be automatically considered for a higher credit line in as little as six months.
• Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges.
• Help strengthen your credit for the future with responsible card use.
• Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024.
• Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options.
• Monitor your credit score with Credit Wise from Capital One. It’s free for everyone.
• Check out quickly and securely with a contactless card without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you’re all set.
• Terms apply.

Rewards Rate

• 5% Cash Back on Hotels and Rental Cars: With the Capital One travel credit card, you can earn an unlimited 5% cash back on all hotel and rental car bookings made through Capital One Travel. This is a great way to save money on your next trip, as you will get the best prices on thousands of options. Keep in mind that terms and conditions apply.
• 5% Cash Back on Every Purchase: In addition to the 5% cash back on travel purchases, this credit card also offers a rewards rate of 1.5% on every other purchase you make. This means that for every dollar spent, you will earn 1.5 cents back in Cash or points.

Redeem Rewards Details

• Your earned cash-back rewards can be redeemed for any amount at any time.
• Unlike other reward programs, your rewards do not expire for the life of your account.
• You have the option to receive a check or apply your rewards as a statement credit.
• You can also use your cash-back rewards to cover a recent purchase directly.
• Another option is to spend your rewards on gift cards for various retailers and services.
• When redeeming for gift cards, you can choose from a variety of options.
• Using your rewards for gift cards can help you save money on future purchases or services.
• With our flexible redemption options, you have the freedom to use your cash back however you prefer.
• Don’t let your hard-earned rewards go to waste; start redeeming today! So, enjoy the benefits of our cash-back program and make the most out of your purchases. Happy shopping! Cheers to more savings with us!

Rate and Fee

• Intro offer: No current offer
• Regular APR: 30.74% variable
• Recommended credit: 580-740 (Fair to Good)
• Intro: None
• Balance transfer: 30.74% variable (plus 4% of the amount of each transferred balance
• Cash advance: 30.74% (plus either $5 or 5% of the amount of each cash advance, whichever is greater)
• Annual fee: $39
• Foreign transaction fee: $0
• Late payment: Up to $40

Benefits of Capital One Quicksilver One Cash Rewards Credit Card

Account Management

• Account Alerts: Personalized email or text reminders to help you stay on top of your account.
• Autopay: Set up Autopay for your account, and your payments will be made automatically every month.
• See Monthly Recurring Transactions: 24/7 access to a list of merchants that charge your Capital One card monthly, like subscriptions and bills on your account.
• Authorized User: Add an authorized user to your account and track spending by user.
• Balance Transfer: Transfer your higher-rate balances onto a Capital One card for potential savings on interest.
• 24/7 Customer Service: Get help from helpful customer service representatives available 24 hours a day. So you can easily manage your account and address any concerns or issues at any time. At Capital One, we value providing exceptional customer service to assist our customers with their financial needs. Our dedicated team is always ready to help make your banking experience as smooth and convenient as possible.

Protection

• Security Alerts: Stay informed of any potential fraudulent activity on your account through text, email, and phone notifications from Capital One.
• $0 Fraud Liability: In case your card is lost or stolen, you won’t be held responsible for any unauthorized charges made.
• Virtual Card Numbers from Eno: Keep your actual card number confidential by using virtual card numbers for online purchases.
• Card Lock: Quickly lock your card in the Capital One Mobile app if it goes missing or is stolen.
• Account Alerts from Eno: Receive alerts for potential mistakes or unexpected charges on your account, such as duplicate purchases or sudden increases in recurring bills.
• CreditWise: Monitor changes to your credit report from TransUnion® or Experian® and receive alerts to stay on top of any potential issues.

Apps and Digital Service

• Capital One Mobile App: Conveniently manage your account anytime, anywhere. Pay your bill, view your balance and transactions, and even monitor your credit score for free with CreditWise directly within the app.
• Eno, Your Capital One Assistant: Keep an eye on your account 24/7 with Eno. Receive alerts for suspicious activity, get answers to your questions, and manage your account with ease.
• CreditWise from Capital One: Track your credit score for free with CreditWise. This benefit is available to everyone, regardless of whether you have a Capital One credit card, and it won’t negatively impact your credit score.

Travel and Retail

• No Foreign Transaction Fees: You won’t pay a transaction fee when purchasing outside of the United States.
• Emergency Card Replacement: If your credit card is lost or stolen, you can get an emergency replacement card.
• Capital One Travel: Get our best prices on thousands of trip options—even after you book. Plus, pay flexibly with your rewards, a card, or both.
• ATM Location Services: Receive help finding the nearest ATM when traveling.
• Tap to Pay: Just like in your mobile wallet, you can now tap to pay with your contactless card. It’s a fast and secure way to pay. Simply hold or tap your card on a contactless-enabled card reader, and you are good to go.
• 50% off Handcrafted Beverages: Capital One cardholders enjoy 50% off all handcrafted beverages every day at any Capital One Café nationwide.

Does Capital One Quicksilver One Cash Rewards Credit Card offer a new customer bonus?

Unfortunately, at this time, there is no welcome bonus available for new customers who sign up for the Capital One Quicksilver One Cash Rewards Credit Card. This may change in the future, so be sure to check with the issuer for any updated offers or promotions. However, even without a welcome bonus, this card still has many other great features and benefits worth considering. Keep reading to learn more about what the Capital One Quicksilver One Card has to offer.

Capital One Quicksilver One Cash Rewards Credit Card: Application and Approval (Eligibility Criteria)

While the Capital One Quicksilver One Cash Rewards Credit Card offers a path to rewards even for those with limited credit history, there are still eligibility requirements to consider.

General Eligibility

• Be at least 18 years old
• Have a valid Social Security number or Individual Taxpayer Identification Number (ITIN)
• Have a U.S. residential address
• Demonstrate sufficient income to make monthly payments on the credit card
• Have a minimum credit history (limited credit may be acceptable)

Credit Score Considerations

Capital One doesn’t publicly disclose the exact credit score requirement for the Quicksilver One Cash Rewards Credit Card. However, it generally targets individuals with fair credit, typically those with a FICO score between 580 and 740.

Additional Tips

• Capital One considers various factors beyond just your credit score when making approval decisions. This may include your income, employment history, and existing debt.
• If you have limited credit history, consider including a parent or guardian as a co-signer on the application to potentially improve your approval chances.

Pre-Approval Tool

Capital One offers a pre-approval tool that allows you to check your eligibility for the Quicksilver One Cash Rewards Credit Card without impacting your credit score. This is a great way to gauge your approval likelihood before submitting a formal application.

Application Process

The application process itself can be completed online and typically takes just a few minutes. Once you submit your application, Capital One will review your information and make a decision. You’ll usually receive notification of the application decision within a few business days.

Customer Service

• Helpline Number: 1-800-CAPITAL (227-4825)
• Official Website: Capital One

Conclusion

The Capital One Quicksilver One Cash Rewards Credit Card is a solid option for those building credit or with a fair credit history. It offers a straightforward approach to earning cash back rewards, with unlimited 1.5% cash back on all purchases and a bonus of 5% back on hotels and rental cars booked through Capital One Travel (where you’ll also find their best travel deals). This card caters to accessibility with no security deposit required and avoids complexity by having no rotating categories or limitations on how much cash back you can earn. Additionally, it boasts valuable perks like waived foreign transaction fees and up to six months of complimentary Uber one membership (valid until November 14, 2024).

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