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Review: Is the Capital One® QuicksilverOne® Cash Rewards Credit Card Right for You?

If you’re shopping without using a rewards credit card, you’re basically throwing money away. If you just use cash or a debit card, you’re missing out on valuable rewards and even cash back.

You can step up your shopping game by applying for a strong credit card, like the Capital One® QuicksilverOne® Cash Rewards Credit Card. Offering valuable benefits and perks, it’s an excellent addition to your wallet.

Rewards

With the Capital One® QuicksilverOne® Cash Rewards Credit Card, you can earn unlimited 1.5% cash back on every purchase you make, every day. That means if you spend $1,000 a month on average with your credit card, you can get up to $180 cash back over the course of a year. That’s nearly $200 worth of free money.

Your cash back rewards never expire as long as your account remains open. And, you can redeem your cash back at any time; there’s no minimum you have to reach.

Benefits

While the card offers valuable rewards, there are some significant benefits that make the card even more worthwhile:

  • Access to Higher Credit Line: Make your first five monthly payments on time and get access to a higher credit line.
  • CreditWise® from Capital One: Enjoy unlimited access to your credit score and tools to help you monitor your credit profile with CreditWise from Capital One®.
  • $0 Fraud Liability: You're covered by $0 Fraud Liability if your card is ever lost or stolen.
  • Redeem Your Way: Rewards don't expire for the life of the account, and you can redeem cash back for any amount.
  • Proactive Account Alerts: Receive an alert if Capital One detects a potential mistake or unexpected charge.

Terms & Fees

One downside to the Capital One® QuicksilverOne® Cash Rewards Credit Card is that there is a $39 annual fee. To earn enough rewards to offset that cost, you’d have to spend at least $220 a month using the card. For most people, that’s within the realm of normal spending, but it is something to keep in mind.

There is no introductory APR for balance transfers or new purchases. If you’re looking to do a balance transfer, it’s probably a good idea to look for a low-interest credit card instead.

3 Alternatives to the Capital One® QuicksilverOne® Cash Rewards Credit Card

While the would work for many people, it’s not for everyone. Here are three other cards that may be a better fit for you.

1. Wells Fargo Propel American Express® Card (Offer Not Available at this Time)

If you’re looking for a general rewards card, check out the Wells Fargo Propel American Express® Card.

When you open an account and spend $3,000 in the first three months, you’ll receive a signup bonus of 30,000 points, a $300 value. That’s a big bonus compared to the Capital One® QuicksilverOne® Cash Rewards Credit Card which does not have a signup offer.

You’ll earn 3X points on gas, rideshare trips, flights, hotels, car rentals, and even popular streaming services. On all other purchases, you’ll earn one point per $1 spent. Your points never expire, and there’s no limit to what you can earn.

The Wells Fargo Propel American Express® Card also offers a 0% introductory APR on new purchases and balance transfers for up to 12 months.

2. Chase Freedom Unlimited®

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Chase Freedom Unlimited®
Editor’s Rating: 4.7
4.7
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If you want to pay off your debt quickly and want to do a balance transfer, this Chase Freedom Unlimited® card is a great option. You’ll get 15 months (from account opening) at 0% intro APR on new purchases and balance transfers, giving you over a year to pay off your debt without worrying about interest. After that, a variable APR of 16.74% - 25.4% applies. This card comes with a 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5. After that 60-day period, the balance transfer fee for this card is either $5 or 5% of the amount of each transfer, whichever is greater.

With this card, you can earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening.

You can also earn unlimited 1.5% cash back on all purchases. There is no minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.

The information about the HSBC Cash Rewards Mastercard® credit card has been collected independently by CreditSoup.com. The card details have not been reviewed or approved by the card issuer. Please refer to the Issuer’s website for accurate pricing details.

3. HSBC Gold Mastercard® credit card

If you need more time to do a balance transfer, the HSBC Gold Mastercard® credit card offers one of the longest promotional periods at 0% APR for the first 18 months after account opening. That promotional APR applies to both balance transfers and new purchases, giving you plenty of time to finance major expenses.

Once the promotional period is over, the variable APR of 13.24%, 17.24% or 21.24% will apply after the Introductory Period.

Unlike the Quicksilver One card, there is no annual fee. That means you don’t have to worry about spending a certain amount to offset the annual fee.

The Bottom Line

If you’re looking to add a new rewards credit card to your wallet, evaluating all of your options can be overwhelming. The Quicksilver One card is a valuable card that offers strong rewards and benefits. However, if you’re looking to do a balance transfer or want to take advantage of a strong signup bonus, it’s a good idea to check out alternatives.

Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.




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Editor’s Rating

Our editors review each credit card and provide our ratings based on the features the credit card offers consumers including the fees, interest rates, benefits, rewards, and how it compares to other credit cards in its category. Card ratings may vary by category as the same card may receive a different rating based on that category.

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