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Capital One QuicksilverOne Review: Good Rewards for Fair Credit

Capital One QuicksilverOne Cash Rewards Credit Card review
KEY TAKEAWAYS
  • The Capital One QuicksilverOne Cash Rewards Credit Card is intended for people who have fair credit.
  • What we think: If your options are limited because your credit is less than ideal, the QuicksilverOne card can give you a chance to earn solid cash-back rewards for a low ($39) annual fee. Its APR is insanely high though, so try not to carry a balance.
  • Purchases made using this card earn 1.5% cash back; certain travel bookings earn 5% cash back.
  • The QuicksilverOne has a 30.74% variable APR and a $39 annual fee.
  • CreditWise® monitoring and automatic credit-line reviews are included with the card.
SUMMARY

It’s not always easy to find the best rewards card when you have fair credit, but the Capital One QuicksilverOne Cash Rewards Credit Card delivers. With its simple rewards program, automatic limit increases and included credit management tools, this Capital One card can help you earn cash back while you build credit.

But is the interest rate manageable? What’s the annual fee?

In this Capital One QuicksilverOne review and guide, we’ll go through the card basics and cover the information you need to know, including:

  • QuicksilverOne rewards
  • Benefits of the QuicksilverOne card
  • Terms for the Capital One QuicksilverOne
PROS & CONS

Pros

  • Unlimited 1.5% cash back on all purchases
  • Can qualify with fair credit

Cons

  • Has an annual fee
  • High APR
Capital One QuicksilverOne Cash Rewards Credit Card
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Key Information
Earn unlimited 1.5% cash back. This is an unsecured card with a $300+ initial credit line, depending on your credit score. It has a $39 annual fee.

Is the Capital One QuicksilverOne Cash Rewards card worth it?

The Capital One QuicksilverOne Cash Rewards Credit Card is a solid choice if you have fair credit. Although it has an annual fee, this card offers a simple cash-back program with unlimited earning potential and flexible redemption options. You’ll also get access to Capital One CreditWise®, which helps you monitor your credit and identify ways to shore up your score. As you use the card responsibly, the bank will automatically consider you to increase your credit limit.

Pros and cons of Capital One Quicksilver card

Pros
  • Available to people with fair credit
  • Unlimited 1.5% cash-back rewards
  • Flexible reward redemption
  • Automatic credit line increases
  • Access to CreditWise® credit monitoring
  • No foreign transaction fees
Cons
  • $39 annual fee
  • High variable APR
  • No welcome bonus
  • Doesn’t offer a 0% introductory APR

Learn more about Capital One QuicksilverOne card

Capital One QuicksilverOne credit card rewards

Rewards are one of the biggest perks of the QuicksilverOne from Capital One. They’re easy to earn, and you can choose from a variety of redemption options.

Earn Capital One QuicksilverOne Cash Rewards credit card rewards

The QuicksilverOne credit card has a straightforward cash rewards system. You don’t need to worry about keeping track of reward tiers and categories — for every purchase, you earn 1.5% cash back. There’s one exception: when you book hotels or rental cars in the Capital One Travel portal, you’ll earn 5% cash back. Rewards are unlimited, and they never expire while the account is open.

If you charge a significant percentage of your expenses, this card may offer a good value. Spend $1,000 every month for a year, and you’ll get $180 in cash back. Just make sure to keep an eye on the interest charges.

Redeem Capital One QuicksilverOne Cash Rewards credit card rewards

Capital One offers several ways to redeem your cash-back rewards:

1

Cash redemption

Use your rewards as a credit on your statement. If you prefer, Capital One will send you a check.

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2

Pay for purchases

When you’ve accumulated rewards, you can use the money to pay down a recent purchase.

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3

Gift cards

Capital One allows you to purchase gift cards with your cash-back rewards. Choose from a variety of retailers; cards are delivered digitally, so you can use them online or in store.

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4

Travel

When you use the Capital One Travel portal, you can use your rewards to pay for part or all of a booking.

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The QuicksilverOne card also offers an automatic redemption option. With this feature, Capital One will automatically redeem your rewards during a specific month each year or when the value reaches your chosen threshold.

Capital One QuicksilverOne credit card benefits

The QuicksilverOne card comes with an array of benefits:

Capital One QuicksilverOne credit card fees, rates & limit

As you evaluate the QuicksilverOne card, fees and interest rates are key considerations. Before you apply, make sure you’re comfortable with the terms.

Capital One QuicksilverOne Cash Rewards card fees

The QuicksilverOne credit card has an annual fee of $39. To put that in perspective, you’d need to charge at least $2,600 to earn that much in 1.5% cash rewards. However, unlike secured credit cards designed for people with fair credit, the QuicksilverOne doesn’t require a security deposit.

When you use the card for cash advances, Capital One charges the greater of $5 or 5% of the advance. There are no foreign transaction fees, which can save you a significant amount of money if you travel abroad frequently. Thinking about transferring a balance? You can do so without paying a fee.

Capital One QuicksilverOne Cash Rewards card interest rates

The QuicksilverOne credit card has a variable annual percentage rate (APR) of 30.74%. That’s quite high, but you can avoid excessive interest charges by paying off your balance each month. There are no introductory offers in terms of APR, and any balance transfers will be charged at the same 30.74% rate.

Here’s an overview of the QuicksilverOne interest rates:

Regular APR Purchase Intro APR Balance Transfer APR
30.74% N/A 30.74%

Capital One QuicksilverOne Cash Rewards card credit limit

If you’re approved for the QuicksilverOne, your initial credit limit will depend on the information you provided in the application.

Here’s the best part: as soon as six months after you open the account, you’ll be eligible for an automatic credit line review. If the bank determines it’s appropriate, it will increase your QuicksilverOne credit limit. You may be able to increase your odds by paying your monthly statements on time and improving your credit score.

How the Capital One QuicksilverOne Cash Rewards card compares

Compared to other credit cards for fair credit, the QuicksilverOne card is a strong contender. It allows you to access credit without making a deposit, and it comes with free credit-monitoring tools and automatic limit increases. Unlike many other cards in this category, the QuicksilverOne offers cash-back rewards.

On the negative side, this credit card does come with a high APR and a $39 annual fee. The fee isn’t unusually high, but it is a consideration. If you tend to carry a high balance from month to month, you could end up paying a significant amount in interest.

Capital One QuicksilverOne Cash Rewards Credit Card vs. Capital One Platinum Credit Card

The Capital One Platinum Credit Card may be a good option if you have fair credit, but you don’t care about rewards. In fact, if you don’t plan to charge at least $217 per month or $2,600 per year — the amount you need to offset the QuicksilverOne’s annual fee with rewards — you may be better off choosing the Platinum card. This card has no annual fee, and it offers the same APR, credit line reviews and CreditWise® access.

Read our full Capital One Platinum card review

Is the Capital One QuicksilverOne Cash Rewards card right for me?

The Capital One QuicksilverOne cash rewards card could be the right fit if you want to earn rewards while you’re expanding your credit profile or you’re looking for a card to build credit. This can be the case if you’re new to the world of credit cards and your credit history is less than three years old. You might also apply if you’ve defaulted on a loan in the past few years. 

The APR is high, which is standard for this type of card. However, if you can get approved for a card with a good interest rate — even if it doesn’t offer rewards — it may be a better option.

You might also consider the QuicksilverOne if you travel regularly but don’t qualify for higher-tier travel credit cards. As long as you book through Capital One Travel, you can get 5% back in cash rewards for rental cars and hotels.

Capital One is more than just a credit card issuer

The first step in growing and maintaining consistent savings is to understand your personal finances through checking and savings accounts, credit cards, and more.

If you want to save and grow your money, consider the following Capital One products:

How do I apply for the Capital One QuicksilverOne card?

You can learn more about the Capital One QuicksilverOne card and apply online.

If your credit is considered fair, you can apply for the Capital One QuicksilverOne card. While the bank doesn’t publish specific credit score requirements, it does note that “fair” often includes FICO credit scores ranging from 580 to 669. If your score falls in this range and you have a reliable income, you have a decent chance of being approved. Capital One also considers other factors, including your total debt.

Not sure if you qualify? Capital One offers a preapproval process that lets you know your odds of acceptance. If the bank determines that the likelihood is low, you can exit the process without impacting your credit score. If you’re likely to be approved, you can complete the rest of the application and authorize the bank to do a hard credit inquiry.

Applying for the QuicksilverOne card takes just a few minutes; you can complete the process online. Expect to provide details about your residence, income, employment and financial obligations.

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FAQ: Capital One QuicksilverOne credit card

Is the Capital One QuicksilverOne card worth it?

The QuicksilverOne card may be a worthwhile consideration if your credit score is fair, and you’re searching for a rewards card. It offers a decent 1.5% in cash-back rewards, and you can earn an unlimited amount. However, since the card has a high variable APR of 30.74%, it’s important to stay in control of your balance to avoid high-interest charges.

Is the Capital One QuicksilverOne card hard to get?

The QuickSilverOne is one of four Quicksilver cards offered by Capital One; it’s intended for people who have fair credit. Qualification decisions vary based on factors including your ability to pay and your credit score; you might be able to get approved with a score between 580 and 669.

Is Capital One QuicksilverOne a Visa or Mastercard?

The QuicksilverOne card is a Mastercard.

Can you upgrade a Capital One QuicksilverOne card?

You may be able to upgrade your QuicksilverOne credit card after a period of responsible use and on-time payments. That decision is up to Capital One — you can call the provider to inquire about upgrade options. In some cases, the bank will send upgrade offers through the mail. Make sure to ask if welcome bonuses and introductory APRs are included in the upgrade.

What are the best Capital One QuicksilverOne card benefits?

The most important benefit of the Capital One QuicksilverOne card is that it offers unlimited 1.5% cash-back rewards. You can earn this rate on any purchase; it increases to 5% when you reserve a hotel or rental car using Capital One Travel. Other benefits include access to Capital One CreditWise®, easy online banking, automatic credit limit reviews and a free six month membership with Uber One (while the promotion lasts).

Imogen Sharma
Imogen Sharma Finance Contributor

Imogen Sharma is an experienced writer, specializing in business, culture, and financial guidance for young adults. She has contributed to articles for Varo Bank, Lendzi, MoneyTips and Indeed, providing invaluable insights into budgeting, financial planning, and lines of credit.

As a dedicated self-employed writer, she cherishes the opportunity to share her knowledge and experience with others, offering advice so they can master their bank accounts and secure their financial futures. Her articles, published in CMSWire, Reworked, WalletGenius and The Customer, serve as actionable guides to help people make solid financial decisions.

Prior to her writing career, Imogen honed her financial acumen in management roles, excelling in P&L analysis, budgeting and HR. During her tenure at Smith & Wollensky in London, her strategic contributions contributed to a 2% increase in EBITDA over a year, demonstrating her ability to drive financial performance and organizational success.

Imogen’s writing style combines expertise with accessibility, making complex financial topics easily understandable and actionable. With a focus on the long game, she encourages readers to approach financial matters with enthusiasm and determination.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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