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Easy strategy to earn money again: Capital One Quicksilver Money Rewards evaluate

Editor’s notice: This put up has been up to date with the most recent bank card info.


Capital One Quicksilver Money Rewards Credit score Card Overview

The Capital One Quicksilver Money Rewards Credit score Card is an effective card for many who favor to maintain their rewards easy.

This card earns a flat fee of 1.5% money again on all purchases, which is well redeemable and requires no minimal. Nonetheless, the Quicksilver’s rewards aren’t fairly as versatile as these of a few of its rivals, so for those who plan to develop your card portfolio sooner or later, then you could wish to contemplate a unique card. Card Ranking*: ⭐⭐⭐½

*Card Ranking relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

The Capital One Quicksilver Money Rewards Credit score Card could barely outpace the perks of different cash-back playing cards with its respectable sign-up bonus and no annual payment, but it surely additionally requires a wonderful credit standing from its candidates and has just a few drawbacks price declaring.

Quicksilver’s easy incomes construction could also be interesting — together with its distinction as among the finest 0% curiosity playing cards in the marketplace — however what makes it much more so is the power to transform the money again you earn on it into miles with the Capital One Enterprise Rewards Credit score Card (when you have that card as properly), which might then be redeemed with 15-plus airline and three resort switch companions.

Let’s dive into the small print.

Who is that this card for?

THE POINTS GUY

The Capital One Quicksilver is greatest for individuals who use one card for all the things as a result of it has a easy, flat 1.5% cash-back incomes fee.

For those who don’t use bonus spending classes such eating, leisure and groceries, otherwise you favor to not juggle playing cards while you’re out and about, then you need to not less than be incomes greater than 1% money again on all spending. Nonetheless, you may seemingly enhance on the Quicksilver’s incomes fee, as we’ll see shortly.

Signal-up bonus

Capital One at present gives Quicksilver Money Rewards cardholders a $200 money bonus after spending $500 on purchases throughout the first three months of account opening.

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That’s typical for cash-back playing cards with no annual payment, and it has the benefit of a low spending requirement that most individuals ought to have the ability to meet with out an excessive amount of effort. However in comparison with one of the best journey bank cards, which might provide sign-up bonuses price hundreds of {dollars}, this $200 is just a few additional money in your pocket.

With this card, you will additionally take pleasure in a 0% intro annual proportion fee (APR) on purchases and steadiness transfers for 15 months, 17.99%-27.99% variable APR after that, and three% payment on the quantities transferred throughout the first 15 months — making this a formidable 0% curiosity card, if that is an element for you.

Associated: 13 playing cards at present providing sign-up bonuses of 100,000 factors or extra

Fundamental advantages and perks

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The Capital One Quicksilver isn’t the cardboard to get if you’d like perks comparable to lounge entry or journey credit, that are extra usually included with premium bank cards. Nonetheless, the Quicksilver does embody some advantages, comparable to charging no international transaction charges. That’s a perk that, whereas now almost common on bank cards with annual charges, is just a little rarer on no-annual-fee playing cards. Different advantages embody:

Easy methods to earn money again

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There’s nothing particular relating to incomes money again on the Capital One Quicksilver, merely a flat 1.5% on all purchases with no bonus classes.

For those who don’t have one high-spending class, then it’s nice to earn the identical quantity on all purchases. Nonetheless, for those who make a large number of purchases every month in a single explicit class — comparable to eating or groceries — you’ll seemingly wish to contemplate a card that earns a bonus in that class.

Associated: One of the best bank cards for eating rewards

Easy methods to redeem money again

You possibly can redeem money again earned on the Capital One Quicksilver as a press release credit score, test or present card, or you may apply it on to a selected cost you in your assertion and canopy it that manner. There’s additionally no minimal redemption quantity — all it’s important to do is register to your account through the app or your laptop and easily choose your choice.

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That is much like many cash-back playing cards, but it surely’s nowhere close to as versatile because the Chase Freedom Limitless, which additionally earns 1.5% money again, however will be was Final Rewards factors that may be transferred to premium Chase playing cards — the Chase Sapphire Most popular Card, Chase Sapphire Reserve and Ink Enterprise Most popular Credit score Card — and was useful journey rewards.

Associated: The ability of the Chase Trifecta: Sapphire Reserve, Ink Most popular and Freedom Limitless

What playing cards compete with the Quicksilver?

The Capital One Quicksilver is much like its sister card, the Capital One QuicksilverOne Money Rewards Credit score Card, which additionally earns 1.5% money again on all purchases. The primary variations are that the QuicksilverOne is for these with restricted or common credit score, and it comes with a $39 annual payment and no sign-up bonus. Past that, the perks and money again are primarily equivalent. So when you have a excessive credit standing to qualify for the Quicksilver card, that’s the higher selection.

Nonetheless, in relation to incomes money again, even for those who’re searching for a card with a flat incomes fee on all purchases, you’ll positively do higher with the Citi® Double Money Card, which earns 2% on all purchases (1% while you purchase and 1% as you pay) and likewise has no annual payment.

However, for those who’re keen to check out bonus classes, the Capital One SavorOne Money Rewards Credit score Card earns 3% money again on eating, leisure, in style streaming companies and grocery shops (excluding superstores like Walmart® and Goal®) and 1% on all different purchases, which could make sense relying in your spending habits.

For those who’re going to go together with a 1.5% money again card, the Chase Freedom Limitless additionally has no annual payment and earns 1.5% money again on most purchases. Nonetheless, it additionally accrues 5% money again on Chase journey booked by Final Rewards, 3% again at drug shops and on eating — a lot larger incomes charges on easy-to-maximize classes.

What’s extra, as a part of the Chase Final Rewards ecosystem, the Freedom Limitless has a lot higher potential and upside in relation to redeeming that money again. Simply pair the Freedom Limitless with a premium Chase card such because the Chase Sapphire Most popular Card or the Ink Enterprise Most popular Credit score Card and you may flip your money again into transferable Final Rewards factors that may be transformed into airline miles and resort factors with this system’s companions, doubtlessly doubling the worth of what you earned from the cardboard.

Associated: Greatest cash-back bank cards

Backside line

The Capital One Quicksilver Money Rewards Credit score Card gives an honest cash-back incomes fee and a stable sign-up bonus. Nonetheless, different cash-back playing cards provide extra beneficiant earnings, and different playing cards characteristic extra versatile methods to redeem your rewards for higher worth.

The one cause to select the Quicksilver over different money again bank cards is for those who worth the $200 sign-up bonus. In any other case, you’ll most likely do higher trying elsewhere.

Extra reporting by Ryan Wilcox.

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