How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.Our take: If you have good credit, the Capital One Quicksilver Cash Rewards for Good Credit is a decent choice, thanks to its solid cash back rate and $0 annual fee.
If your credit isn’t quite good enough to qualify for Capital One’s flagship Capital One Quicksilver Cash Rewards Credit Card, the Capital One Quicksilver Cash Rewards for Good Credit is a great alternative.
Although it’s slightly stripped down from its ‘excellent credit’ counterpart, it lets you earn the same cash back rate. You’ll get 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).
Just know, unlike the “excellent credit” version of the card, this one doesn’t offer a sign-up bonus or an intro APR on purchases or balance transfers.
We’ll explain the pros and cons of the Capital One Quicksilver Cash Rewards for Good Credit card, and show how it compares to similar cash back cards to help you decide which is the best fit for you.
Intro Purchase APR
N/A
Regular Purchase APR
29.99% (Variable)
Intro BT APR
N/A
Regular BT APR
29.99% (Variable)
Annual Fee
$0
Cash Advance Fee
5% of the amount of the cash advance, but not less than $5
Foreign Transaction Fee
None
Balance Transfer Fee
Balance Transfer Fee applies to balances transferred at a promotional rate
Elevated cash back on every purchase
The Capital One Quicksilver Cash Rewards for Good Credit gets you 1.5% cash back on every purchase, every day; 5% cash back on hotels and rental cars booked through capital one travel (terms apply). While this is a good cash back rate to earn on general purchases, there are flat-rate cash back cards available that offer as much as 2% back on every purchase.
May accept applicants with less-than-perfect credit
You may be able to qualify for this card with good credit. Capital One describes “good credit” as including those who haven’t declared bankruptcy on a loan in the last five years and haven’t been more than 30 days late on any payment in the past year.
According to FICO, a “good credit” score ranges from 670 to 739.
There's no annual fee
This card charges a $0 annual fee. This means all the rewards you earn on this card are net cash back — unless you incur other fees or interest charges.
No foreign transaction fees
While some credit cards charge foreign transaction fees of 3% each time you make a purchase outside of the U.S., the Capital One Quicksilver Cash Rewards for Good Credit does not. So it’s an ideal choice to take along if you’re planning a trip abroad.
High APR
The Capital One Quicksilver Cash Rewards for Good Credit has a 29.99% (variable) APR, which is one of the highest we’ve come across. To avoid paying this expensive interest rate, it’s best to pay your balance in full every month.
No sign-up bonus
Although this card comes with a solid cash back rate on every purchase, it doesn’t offer a sign-up bonus. By contrast, the Capital One Quicksilver Cash Rewards Credit Card lets you earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.
| Credit Cards | Our Ratings | Annual Fee | Welcome Offer | Rewards Rate | |
|---|---|---|---|---|---|
Capital One Quicksilver Cash Rewards for Good Credit
 Apply Now
on Capital One's secure site Rates & Fees |
$0 | N/A | 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) |
Apply Now
on Capital One's secure site Rates & Fees |
|
Wells Fargo Active Cash® Card*
Learn More
on Wells Fargo's secure site |
$0 | Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months | Earn unlimited 2% cash rewards on purchases |
Learn More
on Wells Fargo's secure site |
|
Discover it® Cash Back
Apply Now
on Discover's secure site Rates & Fees |
$0 | Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300. | Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. Redeem your rewards for cash at any time. |
Apply Now
on Discover's secure site Rates & Fees |
|
Citi Double Cash® Card
Apply Now
on Citibank's secure site Rates & Fees |
$0 | Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back. | Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24. |
Apply Now
on Citibank's secure site Rates & Fees |
If you want to earn a higher flat cash back rate from a card that accepts excellent/good credit, the Wells Fargo Active Cash® Card is a great option. The card lets you earn unlimited 2% cash rewards on purchases. Plus, earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. That’s a low amount to spend to earn a valuable sign-up bonus.
The Wells Fargo Active Cash® Card also lets you carry a balance from month to month without incurring interest charges for more than a year. You’ll get a 0% intro APR for 15 months from account opening on purchases, and a 20.24%, 25.24%, or 29.99% Variable APR thereafter. There’s also an intro APR on balance transfers available for the same length of time.
Just know, this card charges foreign transaction fees. So it’s not an ideal card to take along on a trip overseas.
If you don’t mind keeping track of categories that rotate quarterly, you can earn an even higher cash back rate on everyday spending with the Discover it® Cash Back. The $0-annual-fee card lets you earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. Redeem your rewards for cash at any time.
And there’s a unique sign-up bonus for new card members: Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Similar to the Wells Fargo Active Cash® Card, this card offers an intro APR on purchases and balance transfers for more than a year. After that, a very reasonable 17.24% - 28.24% Variable APR applies. There’s also a $0 annual fee, and as for foreign transaction fees — there are none.
The Citi Double Cash® Card accepts applicants with fair/good/excellent credit and offers a generous flat cash back rate and sign-up bonus. You’ll earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
But while this card provides a longer intro APR on balance transfers than the Wells Fargo Active Cash® Card and the Discover it® Cash Back, it doesn’t offer an interest-free period on purchases. Also, you’ll be subject to foreign transaction fees if you use the card to make purchases outside of the U.S.
The Capital One Quicksilver Cash Rewards for Good Credit lets you earn a competitive cash back rate as you work toward an even better credit score through responsible usage.
But if your credit isn’t quite good enough to qualify for that card, you may want to consider the lower-tiered Capital One QuicksilverOne Cash Rewards Credit Card. Just know that while the card offers the same cash back rate as the Capital One Quicksilver Cash Rewards for Good Credit, it also charges a $39 annual fee.
Apply Now
