Capital One Quicksilver Credit Card Review 2018

Capital One Quicksilver Credit Card Review 2018
Amy Fontinelle
on April 17, 2018
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 2018.

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 2018 offers 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.

-Your monthly income must exceed your monthly housing payment by at least $425.

-You can’t have more than 5 open credit card accounts with Capital One.

-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 2018 — 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, MassMutual.com, The Simple Dollar, Interest.com, Yahoo, Forbes.com, SFGate.com, Bankaholic, Mortgage-Calc.com, Saving Advice and other sites.

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

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