Guide to Capital One Quicksilver Cash Rewards benefits

The Capital One Quicksilver Cash Rewards Credit Card makes it easy to earn a flat rate of 1.5% back on all your spending with no annual fee. Cardholders can also earn a $200 cash bonus when they spend just $500 on their cards within three months of account opening, which is a threshold nearly anyone can meet.

Rewards come with flexible redemptions, and you can even qualify for an introductory rate on purchases for the first 15 months. A handful of cardholder benefits (extended warranties, travel accident insurance and concierge service) round out this offer and make it an even better deal.

Is the Capital One Quicksilver Cash Rewards Credit Card a good credit card?

If you’re hoping to earn a flat rate of rewards on all your spending without paying an annual fee, the Capital One Quicksilver Cash Rewards Credit Card can help you accomplish that goal. Just keep in mind that some other cash back credit cards offer a higher rate of rewards on your spending. For example, the Wells Fargo Active Cash® Card lets cardholders earn flat 2% in cash rewards with no annual fee.

With the Capital One Quicksilver Cash Rewards Credit Card, however, you do have more flexible redemption options with your rewards. For example, you have the option to shop with your rewards using PayPal or on Amazon.com, redeem for gift cards, get statement credits or receive a check in the mail. The Capital One Quicksilver Cash Rewards Credit Card also comes with no foreign transaction fees, which is one of its standout benefits.

Overall, the Capital One Quicksilver Cash Rewards Credit Card is a good cash back credit card if you want some basic perks without paying an annual fee. The introductory APR offer for purchases also makes this card a good choice for anyone who has a large upcoming expense they would like to pay down over time.

Capital One Quicksilver Cash Rewards Credit Card

• Earn a $200 cash bonus when you spend $500 on purchases within three months of account opening
• Earn an unlimited 1.5% back on all purchases
• 0% intro APR on purchases for 15 months, followed by a variable APR of 15.24% to 25.24%
• Redeem rewards for cash back, statement credits, purchases through Amazon or PayPal or gift cards
• No annual fee
• No foreign transaction fees
• Qualify for extended warranties, travel accident insurance, concierge service and more

Capital One Quicksilver Cash Rewards Credit Card benefits

Before you sign up for the Capital One Quicksilver Cash Rewards Credit Card, you should understand the major cardholder perks and the rewards you can earn. Below you’ll find a general overview of everything you need to know.

Rewards rate

This cash back credit card gives you the chance to earn a flat 1.5% back on all your spending and bills, which is a decent rate for cards in this niche. The lack of bonus categories means you never have to worry whether you’re using the right card for each purchase. Just use your Capital One Quicksilver Cash Rewards Credit Card for all your spending and bills and you’ll inevitably rack up more cash back over time.

Also note the rewards you can earn with this card are unlimited. There are no rewards caps or limits of any kind. Your rewards will never expire as long as your account is open, either.

Sign-up bonus

New cardholders who sign up for the Capital One Quicksilver Cash Rewards Credit Card get the chance to earn $200 in bonus cash after spending just $500 on purchases within three months of account opening. Considering you can earn this bonus with just $167 in spending for three months in a row after signing up, this bonus is one of the easiest to earn among all rewards credit cards.

Also note that this bonus is offered on top of the rewards you earn on your spending. In other words, spending $500 on your card within three months of account opening would actually net you $207.50 in rewards including the bonus and the regular, ongoing rewards you earn on purchases.

No annual fee

The Capital One Quicksilver Cash Rewards Credit Card doesn’t charge an annual fee, which is one of its biggest benefits. The lack of annual fee means you can keep the card and earn rewards over the long haul without having to worry about annual charges racking up.

Since the average length of your credit history makes up 15% of your FICO score, the fact the Capital One Quicksilver Cash Rewards Credit Card doesn’t charge an annual fee makes it a good option for people seeking a card they never have to cancel.

No foreign transaction fees

The Capital One Quicksilver Cash Rewards Credit Card doesn’t charge any foreign transaction fees on purchases, which makes it a good option if you plan to travel outside the United States. Considering foreign transaction fees can make all your overseas purchases 3% more expensive, the value of this benefit can add up fast.

Also note that some cash back credit cards with a higher rewards rate (like the Wells Fargo Active Cash Card and the Citi® Double Cash Card) do charge foreign transaction fees, which makes them more expensive to use if you travel internationally.

Other benefits

Finally, the Capital One Quicksilver Cash Rewards Credit Card offers quite a few cardholder perks for a cash back credit card without an annual fee. First, you get extended warranty protection on eligible items that already come with a manufacturer’s warranty. Other benefits include travel accident insurance, 24-hour travel assistance services and 24-hour complimentary concierge service.

Carrying the Capital One Quicksilver Cash Rewards Credit Card can also help you access presale tickets and invitations to premier culinary events, concerts and music festivals, big-time sports events and more.

Maximizing the Capital One Quicksilver Cash Rewards Credit Card cash back rate

Since the Capital One Quicksilver Cash Rewards Credit Card offers a flat 1.5% back on all your purchases, you don’t have to do anything special to maximize your rewards. Simply use your card for all purchases you would normally make with plastic throughout the year, and you’ll automatically rack up 1.5% back for each dollar you spend.

If you really want to earn as much in rewards as possible, it can help to look for other, regular purchases you can pay with a credit card. For example, see if you can use a credit card to pay for insurance, utility bills, even your rent or a mortgage.

That said, you should make sure you have a plan to pay off purchases before the introductory APR ends 15 months after account opening. If you carry a balance beyond that point, the credit card interest you pay will wipe out the rewards quickly.

How to redeem rewards with the Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card offers quite a few ways you can redeem your rewards. For starters, cardholders can redeem their rewards for statement credits to their account or a check in the mail. If you are hoping to use your rewards to cover a specific purchase, you can also use your cash back to effectively “erase” certain transactions from your account.

This card also lets you redeem rewards for gift cards or purchases through Amazon.com or PayPal. That means you can use your cash back to buy almost anything you want.

Bottom line

If you’re looking for a cash back credit card that offers a flat rate of rewards without a bunch of hoops to jump through, the Capital One Quicksilver Cash Rewards Credit Card may be what you’re looking for. While the rewards rate isn’t quite as high as some other cards in this niche, you do get flexible redemption options, no annual fee and no foreign transaction fees.