At a glance
The Capital One QuicksilverOne Cash Rewards Credit Card* offers a flat 1.5% cash back for your purchases, but it carries a higher-than-average APR, making it especially important to avoid carrying a balance. It’s designed for lower or limited credit, so if you’re having trouble qualifying for other cards, this is one way to earn a return on your spending, while boosting your credit score.
- Intro Offer
-
No current offer
- Annual fee
- $39
- APR
- 29.99% (Variable)
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
-
580 – 669
Fair
- Rewards rate
-
1.5% – 5% 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; Earn unlimited 1.5% cash back on every purchase, every day
Our take
The Capital One QuicksilverOne Cash Rewards Credit Card* -- which earns 1.5% cash back for every purchase -- makes a great option for anyone with lower credit or a limited credit history. The rewards and perks provide more than other credit-building rewards cards.
As a cash rewards credit card, the Capital One QuicksilverOne Cash Rewards Credit Card has some favorable benefits to offer. But it does carry a high annual percentage rate of 29.99% variable, so avoid carrying a balance if you can.
Pros
1.5% cash back for all purchases
Build credit through on-time payments
Recommended for fair credit
Cons
High APR
Annual fee
Rewards
The Capital One QuicksilverOne earns 1.5% cash back for every purchase, with a higher rate of 5% cash back for hotels and rental cars booked through Capital One Travel. It’s a good choice to earn straightforward rewards on everyday spending, without having to navigate rotating or tiered reward categories..
Some additional things to know about how rewards work with this card include:
- Your rewards never expire unless you cancel your credit card.
- There is no limit to how much you can earn in rewards.
- Cash back rewards can be redeemed as a statement credit or paper check.
- You can set up automatic payouts of your rewards by time of year or when the rewards reach a certain amount.
Interest rate and fees
The current APR for purchase, balance transfers, and cash advances is 29.99% variable.
There are a few fees to be aware of with this credit card:
- Annual fee: $39
- Balance transfer fee: No balance transfer fee for balances transferred at the transfer APR; 4% of the transfer amount for transfers made with a promotional APR that Capital One may offer you
- Cash advance fee: 5% of the amount of the cash advance, but not less than $5
- Late payment fee: Up to $40
However, like all Capital One cards, you won’t have to worry about paying any foreign transaction fees with this credit card.
Additional card perks
Besides cash rewards, the Capital One QuicksilverOne Credit Card has some other perks that you may find enticing:
- Complimentary Uber One Membership: You can receive a refund via a statement credit for your Uber One monthly membership if you pay with your Capital One QuicksilverOne Credit Card. The offer is valid for any six consecutive months between now and Nov. 14, 2024.
- Free credit report and alerts: With CreditWise from Capital One you can get a free credit report, and you can sign up to get alerts when your credit score changes. This benefit is free for everyone, not just Capital One cardholders.
- Emergency card replacement: Sometimes cards get lost or stolen. If you lose your card and need a replacement quickly, you can get an emergency card replacement.
- Customer service available 24/7: If you have any issues with your card, you can contact its customer service team any day, any time.
- $0 fraud liability: When a card gets lost or stolen, any unauthorized charges made won’t be your responsibility.
Alternative cards
Petal® 2 “Cash Back, No Fees” Visa® Credit Card
The Petal 2 Cash Back card, issued by WebBank, is a potentially rewarding option if you have limited credit.
With a 18.24% to 32.24% variable APR and no annual fee, this card could end up having better terms than the QuicksilverOne. It also matches the QuicksilverOne’s earning potential after one year, boosting its 1% cash back rewards on eligible purchases to 1.5% so long as you make 12 on-time monthly payments. You may also earn 2% to 10% cash back with select merchants and eligible small businesses.
Discover it® Secured Credit Card
The Discover it Secured Credit Card* is a secured card, which means it requires a deposit to fund the card’s starting credit line. This type of card is best if you have poor credit or no credit history, and can be used as a tool to rebuild your credit, with responsible use.
In addition to its credit-building capability, it also earns rewards. The Discover it Secured Credit Card earns 2% cash back on all gas station and restaurant purchases (up to $1,000 in combined purchases per quarter then 1%) and 1% cash back for everything else. Plus, Discover will essentially double any cash back you earn at the end of your first year of having the card.
You can read more in our Discover it Secured Credit Card review.
How Capital One QuicksilverOne Cash Rewards Credit Card compares to other cards
- Intro Offer
-
No current offer
- Annual fee
- $39
- APR
- 29.99% (Variable)
- Intro Purchase APR
- N/A
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
- Fair
- Rewards rate
-
1.5% – 5% 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; Earn unlimited 1.5% cash back on every purchase, every day
Petal® 2 “Cash Back, No Fees” Visa® Credit Card
- Intro Offer
-
No current offer
- Annual fee
- $0
- APR
- 18.24% – 32.24% (Variable)
- Intro Purchase APR
- N/A
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
- No Credit History
- Rewards rate
-
1% – 1.5% Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.; 1% cash back on eligible purchases right away.
- Intro Offer
-
Cashback Match™ Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
- Annual fee
- $0
- APR
- 28.24% Variable APR
- Intro Purchase APR
- N/A
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
- No Credit History
- Rewards rate
-
1% – 2% Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter.; Earn unlimited 1% cash back on all other purchases – automatically.
FAQs
A cash reward credit card is a credit card that rewards you for spending money. You typically earn a percentage of what you spent back as a cash reward. With some cards the percentage you earn is higher for certain categories, like travel or restaurants.
Cash back typically has fewer redemption options but is usually always worth 1 cent. Points tend to have more redemption options and the per-point value can vary depending on how points are redeemed.
The simplest way to build credit is to make all of your required credit payments on time, whether it be for a credit card, student loan, auto loan or mortgage. It’s also important to keep your credit utilization low and not apply for multiple credit accounts at once to avoid numerous hard credit checks.
*All information about the Capital One QuicksilverOne Cash Rewards Credit Card and the Discover it Secured Credit Card has been collected independently by CNET and has not been reviewed by the issuer.
The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.