Review: Is the Capital One® QuicksilverOne® Cash Rewards Credit Card Right for You?
April 5, 2019
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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.
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.
While the card offers valuable rewards, there are some significant benefits that make the card even more worthwhile:
- Access to a higher credit line: Make your first five monthly payments on time and get access to a higher credit line.
- Auto rental collision damage waiver: Decline the car rental company’s insurance and get protection against theft or damage.
- Travel accident insurance: Use your card to purchase your fare and get insurance for covered losses.
- Extended warranty: Eligible items will have an extended warranty.
- 24-hour travel assistance: If your credit card is lost or stolen, you can get an emergency replacement card and a cash advance.
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®
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 at 0% APR for new purchases and balance transfers for 15 months, giving you over a year to pay off your debt without worrying about interest.
New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
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 15 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 14.24%, 20.24% or 25.24% 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.