Capital One QuicksilverOne Review

Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when posted.

We think it's important for you to understand how we make money. It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.

Compensation may factor into how and where products appear on our platform (and in what order). But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.

Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.

These offers are no longer available on our site: Capital One® VentureOne® Rewards Credit Card, Chase Freedom Flex℠

Pros

Potential to qualify with some credit issues
Unlimited 1.5% cash back on all purchases
Pathway to a higher credit line after six months

Cons

Annual fee, though it’s modest at $39
No sign-up bonus
High variable APR on purchases and balance transfers

From our partner

Annual Fee

$39
Intro Purchase APR

N/A
Intro Balance Transfer APR

N/A
Regular Purchase APR

29.74% (Variable)
Regular Balance Transfer APR

29.74% (Variable)

Additional Rates and Fees

Cash Advance Rate	29.74% (Variable)
Cash Advance Fee	3% of the amount of the cash advance, but not less than $3
Late Fee	Up to $40
Penalty APR	None
Balance Transfer Fee	$0 at this Transfer APR
Foreign Transaction Fee	None
Return Payment Fee	See Terms*

Earn unlimited 1.5% cash back on every purchase, every day
No rotating categories or limits to how much you can earn, and cash back doesn’t expire for the life of the account. It’s that simple
Be automatically considered for a higher credit line in as little as 6 months
Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges
Help strengthen your credit for the future with responsible card use
Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Terms apply
Monitor your credit score with CreditWise from Capital One. It’s free for everyone
Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you’re all set

^*See the online provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

See details, rates & fees

Capital One QuicksilverOne Cash Rewards Credit Card: An excellent find for people with ‘fair’ credit

This card is aimed at people with “fair” credit, as the card issuer describes it — yet the Capital One QuicksilverOne Cash Rewards Credit Card offers a decent cash back rate, making it worth considering if you want to get rewarded while building your credit.

Credit requirements

If you have less-than-stellar credit, it can be tough qualifying for a cash rewards credit card that delivers solid benefits. But you can be considered for the Capital One QuicksilverOne Cash Rewards Credit Card even if you have less than three years’ worth of credit history or you’ve had a loan default in the previous five years.

That’s just a basic guideline for how this card issuer defines fair credit — other factors in your credit profile may also be considered when you apply and could impact your approval.

Ongoing rewards

Capital One QuicksilverOne Cash Rewards Credit Card cardholders earn unlimited 1.5% cash back on every purchase. And Capital One makes it easy when it comes to redeeming rewards. You can request a check or statement credit, apply rewards directly to purchases you’ve already made on the account or trade them for gift cards. You can redeem any amount at any time during the life of the account — and you can even set up an auto-redemption that kicks in whenever your rewards reach a certain threshold.

Access to a higher credit limit

Cardholders have the potential to get a higher credit line after six months with the card. This can help boost your credit scores in two ways. Your credit scores are based largely on your payment history and the amount of credit you have available compared to the amount of debt you owe, called credit utilization. So as you make on-time payments and decrease your overall credit use, your credit profile could improve.

Annual fee

The card comes with a $39 annual fee, which is modest compared to some other credit cards but an added cost nonetheless.

That cost might not look so bad when you break down how you can make up for it. You’d have to spend at least $2,600 a year in purchases with the card to earn $39 back in rewards. That’s equal to spending around $50 a week — which could easily be met by paying for groceries or other common expenses. Remember, though: You should charge only what you can afford to pay back on the card on time and in full.

What else you need to know

The card doesn’t have a sign-up bonus or 0% intro APR.
The annual percentage rate, or APR, is on the high end — a 29.74% (Variable) on purchases and balance transfers. Try to pay off your balance on time each month to avoid interest costs.
The card offers $0 fraud liability.
You’ll get alerts for your VantageScore® 3.0 credit score from TransUnion with the CreditWise program, which is a free credit-monitoring tool that allows you to view your credit history and receive advice and tips on how to improve your credit.
There are no foreign transaction fees.

Who should get this card?

The Capital One QuicksilverOne Cash Rewards Credit Card doesn’t offer the glitz and glam you can get with some cards that have higher annual fees. So this card isn’t for everyone. But it can be a good place to start if you’re working on your credit.

If you’re careful about the way you use your card — by paying off your balance in full and on time every month, for example — the Capital One QuicksilverOne Cash Rewards Credit Card can be a practical way to build your credit while also earning cash back rewards.

Not sure this card is for you? Consider these alternatives.

Discover it® Student chrome: This card may work well if you’re a student who wants a chance to earn higher rewards in certain categories.
Capital One® VentureOne® Rewards Credit Card: If your credit has improved after using the Capital One QuicksilverOne Cash Rewards Credit Card, this card could be a good fit for travel rewards and benefits.
Chase Freedom Flex℠: If you’re looking for higher rewards and don’t mind a little work to get them, this card may be for you.

About the author: Kim Porter is a writer and editor who has written for AARP the Magazine, Credit Karma, Reviewed.com, U.S. News & World Report, and more. Her favorite topics include maximizing credit card rewards and budgeting. Wh… Read more.

Capital One QuicksilverOne Cash Rewards Credit Card review: An accessible cash back card

Advertiser Disclosure