Credit card rewards can get complicated pretty quickly — especially when a card only rewards certain types of spending (think travel or dining out).
If you don’t want to play games with your credit card rewards, you may be on the hunt for a simple cashback credit card that rewards all purchases equally.
This is where the Capital One Quicksilver Cash Rewards Credit Card can come in handy.
Capital One Quicksilver Cash Rewards Credit Card
Rewards Rate
- 5% cashback on hotels and rental cars booked through Capital One Travel
- 1.5% on everything else
Welcome Offer
Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.
Annual Fee
$0
Overview of the Capital One Quicksilver Cash Rewards Credit Card
If you want a credit card that will save you money instead of costing you money, the Capital One Quicksilver Cash Rewards Credit Card might be what you’re looking for.
With this card, you'll earn a flat cashback rate on every single purchase you make. There is no limit on how much cashback you can earn and you don’t ever have to worry about your rewards expiring as long as you redeem your cashback before you close your account.
You also won’t have to worry about paying an annual fee or any foreign transaction fees when you're shopping internationally.
Pros
- No annual fee
- No foreign transaction fees
Cons
- Low rewards rate
- No standout perks
How to Redeem Rewards
With the Capital One Quicksilver Cash Rewards Credit Card, your rewards never expire as long as you keep your account active and there is no cap on how many rewards you can earn.
You can choose to redeem your rewards for cash or apply them as a statement credit to help pay off your credit card balance.
You also have the option to purchase gift cards with your rewards earnings. If you want, you can redeem your rewards through PayPay or when making Amazon purchases, although this won’t be the most lucrative redemption rate.
The simplicity of the earning structure with the Capital One Quicksilver Cash Rewards Credit Card is one of its main appeals.
Perks and Benefits
Alongside earning cashback, you’ll also get access to several cardholder benefits, such as:.
- No foreign transaction fees
- Extended warranty protection on eligible purchases
- Travel accident insurance
- Exclusive Capital One Travel deals
- Virtual card numbers and account alerts from Eno
- $0 fraud liability
- Security alerts
- CreditWise alerts when your TransUnion or Experian credit report changes
- 24/7 concierge service for travel, entertainment, and dining
Who Should Get the Capital One Quicksilver Cash Rewards Credit Card?
The Capital One Quicksilver Cash Rewards Credit Card is a great fit for anyone who wants to keep things simple. If you don’t like the idea of having multiple rewards credit cards for different types of purchases, you may find this card can get the job done all on its own.
However, as easy to use as the Quicksilver Cash Rewards card is, it doesn’t offer the most substantial rewards or the most enticing perks.
For example, if you love to travel, you would likely fare better with a travel rewards credit card that allows you to earn a higher rate for hotel and airfare bookings.
Many travel credit cards also come with perks like free airport lounge access, a statement credit for TSA PreCheck® enrollment, or flight and hotel upgrades.
Alternatives to the Capital One Quicksilver Cash Rewards Credit Card
For online shopping
Prime Visa
Rewards Rate
- Prime Card Bonus: Earn 10% back or more on a rotating selection of items and categories on Amazon.com with an eligible Prime membership
- 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership
- 2% back at gas stations, on local transit and commuting, and at restaurants
- 1% back on all other purchases
Welcome Offer
Get a $150 Amazon Gift Card instantly upon approval exclusively for Prime members.
Annual Fee
$0
The Prime Visa is very similar to the Quicksilver Cash Rewards in that it has a flat cashback rate on all purchases, a boosted rate (5%) on travel purchases through the card issuer's portal, and no annual fee.
The difference is that the Prime Visa earns slightly less than the Quicksilver on all purchases (1% versus 1.5%), but earns more at restaurants and gas stations, and on local transit. The 5% cashback at Chase Travel℠ is also for all travel purchases — not just hotels and rental cars like the Quicksilver.
The most value comes, unsurprisingly, from Amazon purchases, so if you frequently shop online, this card may be a better value even with the lower base rate.
For more earning power
Chase Freedom Unlimited®
Rewards Rate
- 5% cashback on travel purchased through Chase Travel℠
- 3% cashback on drugstore purchases, restaurants, takeout, and eligible delivery services
- 2% cashback on Lyft rides (through September 30, 2027)
- 1.5% on all other purchases
Welcome Offer
Limited Time Offer: Earn a $250 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Annual Fee
$0
If you're looking to earn a bit more and don't mind dealing with different spending categories, the Chase Freedom Unlimited® may be a better option, also with no annual fee.
With this card, you're more heavily rewarded for purchases made at drugstores and restaurants, including on eligible takeout and delivery. The travel portal cashback rate also applies to all Chase Travel℠ purchases — not just hotels and rental cars like the Quicksilver.
For rewards for responsible use
Citi® Double Cash Credit Card
Rewards Rate
- Up to 2% on all purchases: 1% when you buy, and another 1% when you pay your balance
- Earn 5% total cashback on hotel, car rental, and attractions when booked on the Citi Travel℠ portal
Welcome Offer
Earn $200 cashback after you spend $1,500 in the first 6 months
Annual Fee
$0
If the simplicity of the Quicksilver Cash Rewards appeals to you, then you may also like the Citi® Double Cash Card. That's because the Double Cash rewards you for something you should be doing anyway — paying your monthly bill.
If you're responsible with your credit card usage and pay your balance off every month, you'll earn much more with the Double Cash than with the Quicksilver Cash Rewards.
The Bottom Line
For easy-to-understand rewards, the Capital One Quicksilver Cash Rewards Credit Card is hard to beat. It has a decent flat cashback rate and comes with no annual fee, so as long as you pay off your balance each month to avoid interest charges, you'll come out ahead with this card.
Just keep in mind that it doesn't have any fancy travel perks like airport lounge access, so if you're seeking those types of benefits, you may want to consider a travel rewards card in addition to the Quicksilver Cash Rewards.
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Disclosure: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
