Capital One Quicksilver Credit Card Review 2019

Capital One Quicksilver Credit Card Review 2019
Amy Fontinelle
on March 24, 2020
Read in 1 min

If you have excellent credit and want to earn cash back rewards on every purchase, the Capital One Quicksilver card is one of the best cards to apply for in 2019.

In addition to the ongoing rewards of unlimited 1.5% back, you’ll earn a $150 cash bonus when you charge just $500 in purchases to your account within 3 months of opening it.

Rewards never expire while your account remains open, and you can redeem cash back in any amount — there are no minimums — as a statement credit, check, or gift card.

You can even set up automatic redemptions that will occur whenever you reach a certain threshold, such as $25, or at a certain point in the calendar year.

How much could you earn? If you charge $1,500 a month to your Quicksilver card, you’ll earn $270 in cash back each year.

Quicksilver Card Interest Rates and Fees

The 9-month, 0% introductory APR on purchases and balance transfers available as of early April 2019 offer a considerable opportunity for savings with the Quicksilver Card as long as you keep up with your minimum payments and pay off your balance before the introductory period expires.

After the introductory period, this card has an APR of 14.24% to 24.24% variable.

There is no penalty APR; any increases in APR are based on increases in the prime rate.

The balance transfer fee is 3% of the amount transferred, and the cash advance fee is $10 or 3% of the amount advanced, whichever is greater.

If you travel or make purchases overseas, you’ll appreciate this card’s $0 foreign transaction fee.

The late payment fee is up to $38.

Quicksilver Card Approval and Credit Line

Among the cards we’ve reviewed, Capital One is marvelously clear about its approval requirements.

  1. Your monthly income must exceed your monthly housing payment by at least $425.
  2. You can’t have more than 5 open credit card accounts with Capital One.
  3. Your present and recent past Capital One accounts must be in good standing: not past due, over the credit limit, or charged off.

Qualifying applicants will receive the Visa Signature version of this card, which comes with a credit line of at least $5,000 and benefits including shopping discounts, extended warranty protection, auto rental collision damage waiver, travel upgrades, and savings, complimentary concierge service, and emergency card replacement.

Applicants who qualify for a lower credit limit upon review of their application will receive a Visa Platinum card. The minimum credit line for approved applicants is $1,000.

Final Thoughts

While the Quicksilver credit card doesn’t offer the longest 0% APR period or the highest rewards rate among the cards we’ve reviewed in early 2019 — some cards offer 2% back on all purchases, 5% back in rotating categories, or larger sign-up bonuses — the Capital One Quicksilver card is still a solid choice.

This credit card ideal for someone who pays their balance in full and on time each month and wants to earn rewards for their regular spending with no redemption hassles.

Amy Fontinelle Finance Journalist

Amy Fontinelle is a writer, editor, and personal finance expert.

Her articles have appeared at Investopedia, Bankrate,, The Simple Dollar,, Yahoo,,, Bankaholic,, Saving Advice and other sites.

Amy’s clients include personal finance websites, financial institutions, public policy organizations, academic journals, and professional economists.

Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. is not a lender or lending partner and does not make loan or credit decisions. connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless,’s service is always free to you. This service is not available in all states. If you request to connect with a lender or lending partner in a particular state where such loans are prohibited, or in a location where does not have an available lender or lending partner, you will not be connected to a lender or lending partner. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By submitting your information via this website, you are authorizing and/or lenders and lending partners in its network or other intermediaries to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and Trans Union, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize to share your information and credit history with its network of approved lenders and lending partners. For qualified consumers, our lenders offer loans with an Annual Percentage Rate (APR) of 35.99% and below. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35.99%. All loans are subject to the lender’s approval based on its own unique underwriting criteria. Example: Loan Amount: $4,300.00, Annual Percentage Rate: 35.99%. Number of Monthly Payments: 30. Monthly Payment Amount: $219.36. Total Amount Payable: $6,581.78 Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Lender’s or Lending Partner’s Disclosure of Terms.

The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.