Capital One Quicksilver Student Cash Rewards Credit Card Review
The Capital One Quicksilver Student Cash Rewards Credit Card is designed for students seeking a straightforward credit-building option. Earn unlimited 1.5% cash back on all purchases, with no need to track categories or maximize spending. Plus, get a $50 bonus after spending $100 within the first three months.
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Capital One Quicksilver Student Cash Rewards Card: Is It Worth It
Regarding student credit cards, the Capital One Quicksilver Student Cash Rewards Credit Card stands out for its simplicity, rewards, and low fees. Designed with college students and recent graduates in mind, this card offers valuable perks that can help you build credit while earning cash back. In this detailed review, we’ll explain everything you need about the Capital One Quicksilver Student Credit Card, including its cash-back rewards, fees, benefits, and whether it’s truly the best student option. If you’re looking for a student-friendly credit card that helps you earn rewards without extra costs, the Quicksilver Student Card could be the one for you.
Card Highlights:
- Earn unlimited 1.5% cash back on all purchases with no limits or categories.
- Enjoy a $50 bonus after spending $100 in the first three months from account opening.
- There is no annual fee, making it an ideal choice for students on a budget.
- There are no foreign transaction fees for purchases made outside the United States.
- Redeem cash rewards back, gift cards, or statement credits with flexibility.
- Rewards don’t expire for the life of the account, ensuring long-term value.
- Access to 24/7 customer support for any issues or inquiries.
Rates and Fees:
Like all credit cards, the Capital One Quicksilver Student Card has some rates and fees you should know before applying:
- Annual Fee: $0, making it a cost-effective option for students.
- APR for Purchases: 19.24% – 29.24% variable APR based on your creditworthiness.
- APR for Cash Advances: 29.24% variable APR, which may increase depending on your credit profile.
- Balance Transfer Fee: For balance transfers, 3% or $5, whichever is greater.
- Foreign Transaction Fees: None, allowing you to use the card abroad without extra charges.
- Late Payment Fee: Up to $40, so making timely payments is essential to avoid fees.
- Returned Payment Fee: Up to $40 if your payment is returned.
What Sets the Capital One Quicksilver Student Cash Rewards Credit Card Apart?
The Capital One Quicksilver Student Cash Rewards Credit Card stands out in a crowded market for student credit cards. With features that prioritize simplicity and transparency, this card can be a great way to earn unlimited cash back while building your credit history. Let’s dive into what makes this card appealing to students.
Unlimited 1.5% Cash Back on Every Purchase
Unlike many student credit cards, which limit cash-back rewards to specific categories like groceries, gas, or dining, the Capital One Quicksilver Student Card offers 1.5% cash back on every purchase. Whether buying textbooks, paying for your monthly subscriptions, or grabbing coffee with friends, you’ll earn some money back across all purchases. This makes it an easy-to-use card for anyone who wants straightforward rewards without considering spending categories.
No Annual Fee, No Hidden Fees
One of the key features of the Quicksilver Student Card is its $0 annual fee. Many other student credit cards charge annual fees, but this card ensures that you don’t have to worry about paying an extra fee just for owning the card. Additionally, there are no foreign transaction fees, which means you can use the card internationally without incurring additional charges. This feature is handy for students who travel abroad for study programs, internships, or leisure.
$50 New Cardmember Bonus
When you open a new account, you’ll earn a $50 cash bonus once you spend $100 within the first three months of opening your account. This bonus adds extra value to the card, making it an even better choice for students starting to build their credit.
Rewards Don’t Expire
Unlike some credit cards that impose expiration dates on rewards, the Capital One Quicksilver Student Card offers unlimited rewards that don’t expire as long as your account remains open and in good standing. This means you can accumulate rewards over time without the pressure to use them quickly.
Access to Capital One Mobile App and Eno Assistant
Managing your Quicksilver Student Card is easy with the Capital One Mobile App, which allows you to track your spending, make payments, and even check your credit score with CreditWise by Capital One. Eno, Capital One’s virtual assistant, also helps you stay on top of your account by sending instant purchase notifications and alerting you to unusual transactions. The app and Eno are convenient tools to ensure you stay on track financially.
Benefits: Capital One Quicksilver Student Cash Rewards Credit Card
Now, let’s dive deeper into the specific benefits that the Capital One Quicksilver Student Card offers to students, from travel perks to security features and redeeming rewards.
Flexible Rewards Redemption
The Capital One Quicksilver Student Card offers flexible options for redeeming your cash-back rewards:
- Statement Credit: You can apply your cash back rewards as a statement credit to reduce your monthly bill.
- Gift Cards: Use your rewards for gift cards to popular retailers like Amazon or other stores.
- PayPal Integration: Use your rewards for PayPal purchases, which is especially useful for online shopping.
- Cover Purchases: Pay your rewards to cover recent purchases directly with your card.
Related: How to Use PayPal Credit in Stores without A Card and the top 101 stores that accept PayPal.
This flexibility ensures that you can redeem your rewards in a way that suits your lifestyle.
Travel Benefits and Security Features
While many student credit cards don’t offer extensive travel benefits, the Quicksilver Student Card has several features that make it ideal for students who travel:
- No Foreign Transaction Fees: Whether you’re studying abroad or taking a vacation, the Capital One Quicksilver Student Card does not charge extra fees for purchases made outside the U.S.
- Travel Accident Insurance: When you use your card to purchase travel tickets, you get automatic travel accident insurance, which covers you in case of an accident during your trip.
- 24-Hour Travel Assistance Services: You can rely on 24/7 travel assistance for emergency card replacement and cash advances in emergencies.
The card also provides extra security features, such as $0 fraud liability, so you’re never responsible for unauthorized charges if your card is lost or stolen.
Extended Warranty Protection
The Capital One Quicksilver Student Card offers extended warranty protection on eligible purchases. If an item you purchase with the card breaks or malfunctions, you may qualify for an extension of the manufacturer’s warranty. This benefit adds extra peace of mind when making big-ticket purchases.
Comparing the Capital One Quicksilver Student Cash Rewards Credit Card with Other Similar Cards
Choosing the right credit card depends on your financial goals, credit level, and spending habits. Below is a detailed comparison of these three cards to help you decide.
Comparing the Capital One Quicksilver Student Cash Rewards Credit Card with Capital One Platinum Mastercard and Capital One Venture Rewards Credit Card
Feature | Quicksilver Student | Platinum Mastercard | Venture Rewards |
---|---|---|---|
Eligibility | Limited/Fair Credit | Fair Credit | Excellent Credit |
Annual Fee | $0 | $0 | $95 |
Rewards | 1.5% cash back on every purchase | None | 2 miles per dollar on all purchases; 5 miles on travel via Capital One Travel |
Intro Offer | None | None | 75,000 miles (spend $4,000 in 3 months) |
APR (Purchases) | 19.24% - 29.24% variable APR | 29.74% variable APR | 19.99% - 29.24% variable APR |
Foreign Transaction Fees | None | None | None |
Balance Transfer Fee | 3% or $5 (greater) | 29.74% APR + fee | APR 19.99% - 29.24% + fee |
Key Benefits | Unlimited rewards, no foreign fees | Flexible payment dates | High travel rewards, exclusive perks |
Best For | Students building credit and earning rewards | Building credit with no annual fee | Frequent travelers with high spending |
Comparison Analysis
The Capital One Quicksilver Student card is ideal for students starting their credit journey while earning unlimited cash back. It has no annual fee, competitive rewards rate, or foreign transaction fees, making it versatile.
The Capital One Platinum MasterCard focuses on credit-building but lacks rewards or intro bonuses. Its APR is higher, and it offers fewer features than the other two options.
The Capital One Venture Rewards card is best for frequent travelers. It provides high-mileage rewards, significant travel perks, and a robust intro offer but comes with a $95 annual fee.
Which Card is Worth Buying?
If you’re a student, the Quicksilver Student Card is your best option for earning rewards while building credit. The Venture Rewards Card offers exceptional benefits for frequent travelers with excellent credit. Choose the Platinum MasterCard only if you’re focused solely on credit-building with no extra perks.
Why You Might Consider a Different Card than the Capital One Quicksilver Student Cash Rewards Card
While the Capital One Quicksilver Student Cash Rewards Credit Card offers many appealing benefits, it may not be the best fit for everyone. Depending on your credit history, spending habits, or specific needs, consider other cards that better align with your financial goals.
Here are some alternative credit cards that could be a better choice for different situations:
Discover it® Student Cash Back
- Why Consider It?
- Suppose you’re a student and want to maximize cash back in specific categories. In that case, the Discover it® Student Cash Back offers 5% cash back on rotating categories (up to $1,500 in purchases each quarter) and 1% on other purchases. Plus, it matches your money back at the end of the first year.
- Key Features:
- No annual fee
- 5% cash back on rotating categories
- Introductory bonus: 100% match on first-year cash back
- No foreign transaction fees
Chase Freedom Student Credit Card
- Why Consider It?
- The Chase Freedom Student Credit Card is another excellent option for students. It offers a $50 cash back bonus after your first purchase and 1% cash back on all purchases. It also provides access to Chase’s Ultimate Rewards program, which can be beneficial if you want to redeem rewards for travel, gift cards, or statement credits.
- Key Features:
- No annual fee
- $50 bonus after first purchase
- 1% cash back on all purchases
- Access to Chase Ultimate Rewards
Citi Rewards+℠ Student Card
- Why Consider It?
- If you’re looking for rewards that stretch further, the Citi Rewards+℠ Student Card rounds up your purchases to the nearest 10 points, making even tiny purchases more rewarding. Plus, it offers 2x points at supermarkets and gas stations (up to $6,000 annually).
- Key Features:
- No annual fee
- 2x points at supermarkets and gas stations
- 1x points on other purchases
- 10% points back on the first 100,000 points redeemed annually
Bank of America® Cash Rewards Credit Card for Students
- Why Consider It?
- Bank of America® Cash Rewards Card for Students allows you to choose your 3% cash back category from a list of options, such as online shopping, gas, or dining. It’s ideal if you want more control over your cash-back rewards.
- Key Features:
- No annual fee
- 3% cash back on your chosen category
- 2% cash back at grocery stores and wholesale clubs
- 1% on other purchases
American Express Blue Cash Everyday® Card for Students
- Why Consider It?
- For students who spend more at supermarkets, gas stations, or department stores, the American Express Blue Cash Everyday® Card offers 3% cash back on supermarket purchases (up to $6,000 per year) and 2% cash back at gas stations and select department stores.
- Key Features:
- No annual fee
- 3% cash back at supermarkets (up to $6,000 annually)
- 2% cash back at gas stations
- 1% on other purchases
Wells Fargo Cash Back College Card
- Why Consider It?
- This card is perfect for students who want a straightforward cash-back card. It offers 3% cash back on purchases made during the first 6 months (up to $2,500) and 1% cash back on other purchases.
- Key Features:
- No annual fee
- 3% cash back for first 6 months on purchases (up to $2,500)
- 1% on all other purchases
- Unique benefits for college students
In summary, while the Capital One Quicksilver Student Cash Rewards Credit Card is a solid choice, these alternative cards provide additional benefits, such as higher rewards in specific categories, introductory bonuses, and more flexible cash-back options. Whether you’re focused on earning cash back in specific areas or need a card with added features, one of these alternatives may be a better fit for you.
It’s essential to compare cards based on your spending habits and personal preferences to find the one that best suits your needs.
How to Apply for the Capital One Quicksilver Student Cash Rewards Credit Card
Applying for the Capital One Quicksilver Student Cash Rewards Credit Card is easy. Here’s how you can get started:
Eligibility Criteria
To be eligible for the Capital One Quicksilver Student Cash Rewards Credit Card, you must meet the following criteria:
- Be a student aged 18 years or older
- A valid Social Security number (SSN)
- Enrolled in a two- or four-year college, university, or trade school
- Have a good credit score (typically 670 or higher)
- Must have a verifiable source of income
If you meet these criteria, you can proceed with the application process.
The Application Process
The application process for the Capital One Quicksilver Student Cash Rewards Credit Card is quick and easy. You can apply online through the Capital One website or by calling their customer service line. You will need to provide personal information such as your name, address, and Social Security number, as well as information about your income and employment.
Approval Process
Once you have submitted your application, a decision will typically be made within a few minutes. If approved, you can expect to receive your card in the mail within 7-10 business days. If additional information is needed, you may receive a notification requesting further documentation.
It’s important to note that even if you meet the eligibility criteria, there is no guarantee of approval. Your credit score and income will also be taken into consideration during the approval process.
Customer Service
- Credit card customer service: 1-800-CAPITAL (227-4825)
- Credit card outside the US: 1-804-934-2001
- Customer Support: 1-844-348-8660
Conclusion:Capital One Quicksilver Student Cash Rewards: Is It Worth It
The Capital One Quicksilver Student Cash Rewards Credit Card offers a combination of straightforward rewards, no annual fees, and valuable travel perks, making it one of the best student credit cards available. Whether you’re a college student looking to earn rewards on everyday purchases or a recent graduate seeking to build credit, the Quicksilver Student Card is a solid choice. Its 1.5% cash back on every purchase, $50 bonus, and no foreign transaction fees provide great value and flexibility, especially for those who travel or want an easy-to-manage rewards card.
For those exploring other options, the Discover it Cash Back Credit Card offers 5% cash back on rotating categories and 1% on all other purchases. If you’re a student, the 2025 Capital One SavorOne Student Credit Card might also be worth considering, especially for dining and entertainment rewards. Alternatively, the Blue Cash Preferred Card is considered the best option for groceries and streaming services.
FAQs: Capital One Quicksilver Student Cash Rewards Credit Card Review
Who is eligible for the Capital One Quicksilver Student Cash Rewards Credit Card?
This card is designed for students currently enrolled or admitted and planning to enroll in the next three months at an accredited university, community college or other higher education institution.
What happens to my card after I graduate?
After graduation, your Capital One Quicksilver Student Card will automatically transition into a regular Capital One Quicksilver Card, keeping all the same benefits. However, you can no longer access student-specific features, like the new cardmember bonus.
Is there an annual fee?
No, this card has no annual fee.
Can I use the card abroad?
Yes, the Capital One Quicksilver Student Card has no foreign transaction fees, making it an excellent choice for international students or those traveling abroad for study programs, internships, or leisure.
Are there any foreign transaction fees?
No, this card does not charge foreign transaction fees.
What happens if my card is lost or stolen?
You can easily lock your card through the Capital One Mobile App to prevent unauthorized charges.
What cashback rate can I earn?
You can earn unlimited 1.5% cash back on all purchases.
Is there a bonus for new cardholders?
Yes, you can earn a one-time $50 bonus after spending $100 within the first three months from account opening.
Is the Capital One Quicksilver Student Card a good choice for building credit?
Absolutely! The Capital One Quicksilver Student Cash Rewards Credit Card is designed for students looking to build or improve their credit. By making timely payments and keeping your balance low, you can create a solid credit history.
Are there any fees for balance transfers?
Yes, there is a balance transfer fee associated with the card if you're transferring balances from another card, factor in the Fee before deciding.
Specification: Capital One Quicksilver Student Cash Rewards Credit Card Review
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