Capital One QuicksilverOne Review: Rewards & Credit Scores

You can finally feel a little less guilty about splurging as QuicksilverOne offers unlimited 1.5% cash back on every purchase—with no limits on earnings.

You can earn cash back on everything you buy, no matter what category it falls under.

Once you’re done with your (somewhat) guilt-free splurge, you can redeem your cash back for statement credits or checks.

And the cashback never expires, so you can save up your rewards and use them whenever you want.

Frequent jetsetter? You can use the QuicksilverOne card abroad without foreign transaction fees.

This feature is particularly useful if you enjoy traveling internationally or shopping online from foreign stores.

Foreign transaction fees can add up quickly, so not having to pay them can save you a lot of money in the long run.

With QuicksilverOne, you’re free to use your card anywhere in the world and enjoy your poolside mojito without worrying about extra fees.

Check out our top travel credit cards.

Being average usually isn’t something to shout about. But the QuicksilverOne card will welcome anyone with fair or average credit with open arms.

And if you don’t fancy settling for mediocre—you can also use the card to build up your credit.

Capital One will report your payment history and credit utilization to the credit bureaus, which can positively impact your credit score.

In addition to cashback rewards, the QuicksilverOne card also comes with a load of other benefits, including fraud coverage and money management tools.

If you have any questions (or enjoy a good rant) you’ll have access to 24/7 customer service.

And for those who tend to forget what day of the week it is—QuicksilverOne has auto-payments, account alerts, and a virtual assistance to keep an eye on your accounts.

We get it—$39 a year probably isn’t going to break the bank.

But it makes it onto our cons list as it’s still an additional expense that you’ll need to factor in on top of the other fees.

But if you’re someone who spends plenty of money on the card and earns a lot of cashback, the fee will probably be worth it in the long run.

The QuicksilverOne card has a high variable APR.

This is a pretty high interest rate compared to some other credit cards, which have an average of around 24.25%.

If you carry a balance on your credit card from month to month, you could end up with a hefty amount of interest charges. To avoid this, try to pay off your balance in full and on time every month.

The QuicksilverOne card also doesn’t offer a 0% introductory APR. So if you don’t pay off your balance in time, you’ll start building up interest from day one.

Nobody’s complaining about QuicksilverOne’s unlimited 1.5% cashback—but it does lose a point for not offering any bonus categories.

Some other rewards cards offer extra cashback bonuses for spending in certain places, such as restaurants, grocery stores, or gas stations.

So if you thought you’d be able to maximize your rewards by going to your favorite pizza joint—you’d be wrong.

The minimum credit limit for the Capital One QuicksilverOne card isn’t a one-size-fits-all and can vary depending on your creditworthiness, income, and other factors.

That being said, the QuicksilverOne card is designed for those with fair or average credit, so the credit limit might be lower than some other rewards cards that ask for excellent credit.

If you’re eager to get your hands on the QuicksilverOne card, it’s best to check with Capital One directly to see what your credit limit might be if you’re approved.

To get to grips with the QuicksilverOne rewards, it’s best to break it down into a few simple steps:

1. Every time you use your QuicksilverOne card to make a purchase, you’ll earn 1.5% cash back.

2. Your cashback is automatically credited to your account, and there's no limit to how much you can earn.

3. You can redeem your cash back for statement credits or checks, which can be used to reduce your account balance or deposited into your bank account.

4. Your cash back never expires, so you can save it up and use it whenever you want.

But just a heads up, you won’t get cashback on all transactions—cash advances, balance transfers, and other fees don’t come with any cashback.

Also, your cashback won’t arrive until the purchase has been posted to your account.

Yes, you can use the Capital One QuicksilverOne card to boost your credit.

Here’s how:

1. Capital One reports your account activity (including your payment history and credit utilization) to the credit bureaus.

2. By using your card responsibly and making on-time payments every month, you can build a positive credit history and show that you’re a responsible borrower.

3. Over time, your credit score can improve, which can help you get better credit cards, lower interest rates on loans, and more bragging rights.

You’ve been given the tools—but you’ll have to use your card responsibly to really climb the credit score ladder.

This means paying your bills on time, keeping your credit utilization low, and avoiding carrying a high balance.

Play the game right, and you’ll be able to establish a healthy credit history and improve your credit score in no time.

You won’t be able to find the exact minimum credit score on the Capital One QuicksilverOne website.

But—seeing as the card is designed for those with fair or average credit—it probably falls between 580 and 669.

With a credit score below this range, it might be more tricky to get approved for the QuicksilverOne card (and if you’re lucky enough to get accepted with a lower score, you could be given a lower credit limit than someone with a higher credit score).

Want to boost your chances of getting approved? Learn how to build credit without a credit card.

Applying for credit cards without guaranteed approval is risky business.

Lucky for you, the Capital One QuicksilverOne card is pretty flexible as it’s available for those with a credit score of 580 and upwards.

Sure, this credit score range is lower than some other rewards cards—but getting approved depends on many factors, including your credit score, income, and financial history.

Here are a few things to keep in mind:

• If you have a credit score below 580, you might have a more difficult time getting approved for the QuicksilverOne card.

• If you have a higher income or a clean financial background, you’ll be more likely to get approved for the QuicksilverOne card.

• If you have a short credit history or a history of missed payments, you may have a harder time getting accepted.

You can get pre-approval here before applying—the process is free and won’t harm your credit score.

While Capital One doesn’t have a membership fee for its credit cards, the QuicksilverOne card does have an annual fee (as well as other fees, like balance transfer fees or cash advance fees).

But don’t let that put you off. Capital One gives you access to a range of tools to help you manage your credit card account and avoid fees, such as alerts and automatic payments.

If you need some extra money-management help, try out our free budget planner.