Capital One® Quicksilver® Rewards – Credit Card Review
The Capital One® Quicksilver® credit card awards 1.5% cash rebates on all purchases; gives bonus cash back after your first $500 spent; and, can make your travels cheaper, simpler, and more comfortable.
Capital One® Quicksilver® Card – Credit Card Highlights
The Capital One® Quicksilver® credit card is a cash back credit card.
Among cash back credit cards, the Capital One® Quicksilver® credit card pays out less than rival cards. But, for people who like to travel, the card’s other available benefits make it appealing.
The Capital One® Quicksilver® combines some of the best elements of cash back credit cards, and travel award credit cards.
Key benefits of the Capital One® Quicksilver® credit card include:
- $1.50 cash credit for every $100 spent, with no dollar limit
- Bonus cash rebates after you spend your first $500 on the card
- Complimentary room upgrades at hotels, plus early check-in and late check-out privileges
Capital One® Quicksilver® credit card holders also get access to concierge services to help with travel plans and dining reservations; to trip cancellation insurance, which pays up to $1,500 for trips cancelled or cut short by sickness or injury; and, to a complete waiver on foreign transaction fees, which can save you 10% on everything you purchase overseas.
Capital One® Quicksilver® credit card holders get fraud protection services, too. If your credit card is ever lost or stolen, or used without your permission, Capital One will not make you pay for unauthorized charges.
What Are Cash Back Credit Cards?
Cash back credit cards are credit cards that give cash rebates to cardholders for every item purchased.
The typical cash back credit cards returns $1 cash for every $100 spent, with bonus cash paid after card holders meet a particular spending threshold.
A cash back credit card may pay a one hundred dollar bonus to cardholders after they spend one thousand dollars within 90 days of opening an account, for example.
Other cash back credit cards pay bonus cash when you shop for certain items.
There are grocery-specific cash back credit cards that pay out $3 cash for every $100 you spend on groceries or gasoline; and, there are travel-specific credit cards that award extra points or miles for money spent on travel, hotels, and plane tickets.
Cash back awards are paid in one of three ways.
Cash back can be paid as a personal check mailed to your home; as a direct deposit made to your bank; or, as a monthly credit on your upcoming credit card statement.
Cash back awards are paid automatically with the Capital One® Quicksilver® credit card. Just use your card to earn your awards.
Capital One® Quicksilver® Credit Card Review
The Capital One® Quicksilver® credit card is a well-rounded cash back card.
It’s doesn’t pay the highest amount of cash back among today’s available cash back credit cards. That honor goes to the Citi® Double Cash Card, which pays 2% cash back on everything you buy.
It’s also not the strongest travel award credit card; a distinction that goes to the Chase Sapphire Preferred® credit card.
Instead, the Capital One® Quicksilver® credit card is right down the middle. It makes a better-than-average cash payout and, with its built-in travel rewards, can add some pleasure to business travels and vacation.
When you spend with the Capital One® Quicksilver® credit card, you get $1.50 cash back for every $100 spent, with no limits to how much you can earn. Plus, you’ll get a bonus $100 payment for spending your first $500 on the card, so long as you do it within 90 days.
These bonuses are on the aggressive side, as compared to other cash back cards.
The Capital One® Quicksilver® credit card offers travel benefits.
When you book a trip using your Capital One® Quicksilver® credit card, Trip Cancellation Insurance is included for free.
Trip Cancellation Insurance protects you when you have to cancel a trip, or come home early, because of sickness or injury. If you’ve paid for the trip using your Capital One® Quicksilver® credit card, Capital One® will reimburse you for up to $1,500 of your non-refundable costs.
Trip Cancellation Insurance can pay you back for plane ticket costs, for the costs of hotel rooms, and for pre-paid park passes at Disney, as examples.
You also get access to early check-in and late check-out at a number of hotels; plus a complete waiver on foreign transaction fees.
Foreign transaction fees are fees charged by credit card companies for making purchases other countries, in currencies other than U.S. dollars. Foreign transaction fees are typically $3 for every $100 spent.
When you use the Capital One® Quicksilver® credit card to buy something overseas, your foreign transaction fee is $0.
The Capital One® Quicksilver® credit card is a no annual fee credit card. There is no cost to apply, and no cost to keep it in your wallet.
Compare Cash Back Credit Cards
The Capital One® Quicksilver® credit card provides other cardholder benefits, too.
For the first 9 months that you have the card, Capital One® charges no interest whatsoever. This means that you can finance a large purchase with your Capital One® Quicksilver® credit card, collect your $100 cash bonus, then pay off the bill over 9 months with no interest.
You can also use Capital One’s concierge service to help with travel plans and dining reservations in your home city; or, to get recommendations and reservations while you’re traveling somewhere new.
And, all cardholders get access to Capital One’s $0 fraud liability program.
If your Capital One® Quicksilver® credit card is ever lost or stolen, the credit card company won’t make you pay for unauthorized charges against your account.
Learn More About Capital One® Quicksilver® Credit Card
The Capital One® Quicksilver® credit card is a cash back reward card for people who like to travel.
It’s not the best credit card for cash back rewards, and it’s not the best credit card for travel rewards. The card remains popular, though, for its unique blend of benefits.