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Capital One Quicksilver Cash Rewards for Good Credit

Capital One Quicksilver Cash Rewards for Good Credit

Capital One Quicksilver Cash Rewards for Good Credit

Rewards Rate
1.5% Cash Back on every purchase, every day
Cash Back Details
No rotating categories or sign-ups needed to earn cash rewards
APR
26.99% (Variable) on purchases and balance transfers
Edited by
Glen Luke Flanagan
Reviewed by
Julie Sherrier
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Capital One Quicksilver Cash Rewards for Good Credit best for?

One of Capital One’s flagship credit cards is the Capital One Quicksilver Cash Rewards Credit Card. But what if you don’t have the excellent/good credit needed to apply? Luckily, the issuer offers the Capital One Quicksilver Cash Rewards for Good Credit, a slightly stripped-down version of its famous cashback card.

If you have good credit, typically considered a credit score between 670 and 739, you’ll probably have more luck applying for the Capital One Quicksilver Cash Rewards for Good Credit than the Capital One Quicksilver Cash Rewards Credit Card. There are a few pitfalls to beware of, however, so read on for details.

Card overview

    • Earn unlimited 1.5% cash back on every purchase, every day
    • No rotating categories or sign-ups needed to earn cash rewards
    • Cash back won't expire for the life of the account and there's no limit to how much you can earn
    • $0 annual fee and no foreign transaction fees
    • $0 Fraud Liability if your card is ever lost or stolen
  • Credit needed:
    640 719
    Good
  • Concierge service to assist with dining, entertainment, and travel
  • Extended warranty
  • Travel accident insurance
  • Capital One Shopping, an online tool that applies available coupon codes
  • Virtual card numbers for online shopping to protect your information
  • Access your VantageScore with CreditWise

Intro Purchase APR

N/A

Regular Purchase APR

26.99% (Variable)

Intro BT APR

N/A

Regular BT APR

26.99% (Variable)

Annual Fee

$0

Cash Advance Fee

3% of the amount of the cash advance, but not less than $10

Foreign Transaction Fee

None

Balance Transfer Fee

$0 at this Transfer APR

Pros and cons

Pros

  • Earn rewards while building credit
  • $0 annual fee to carry the card
  • Foreign transaction fee: none

Cons

  • High interest rate
  • Lacks an intro APR period
  • No sign-up bonus

What we like about the Capital One Quicksilver Cash Rewards for Good Credit

  • You'll earn cash back while building your credit

    The Capital One Quicksilver Cash Rewards for Good Credit earns 1.5% cash back on every purchase, every day. While there are flat-rate cashback cards that earn as much as 2% on every $1 spent, they’re likely to require applicants to have very good or exceptional credit.

    The Capital One Quicksilver Cash Rewards for Good Credit earns a competitive flat rate while allowing cardholders with good credit to work toward an even better credit score through responsible utilization and payment habits.

  • There's no annual fee

    Thanks to the $0 annual fee, all the rewards you earn on this card are net cash back — unless you incur other fees or interest charges.

  • Travel abroad with no foreign transaction fee

    Take the Capital One Quicksilver Cash Rewards for Good Credit with you when traveling abroad and don’t worry about paying a foreign transaction fee on each purchase you make, because there is none.

What to watch out for with the Capital One Quicksilver Cash Rewards for Good Credit

  • The card comes with a high APR

    The Capital One Quicksilver Cash Rewards for Good Credit has a 26.99% (variable) APR, which is one of the highest we’ve come across. Make sure to pay your card in full every billing cycle to avoid incurring interest, otherwise you could find yourself facing some expensive charges.

  • You won't get an intro APR

    While the Capital One Quicksilver Cash Rewards Credit Card offers an intro APR period on purchases, allowing time to finance a big purchase over time without having to pay interest, the Capital One Quicksilver Cash Rewards for Good Credit does not.

  • There's no sign-up bonus

    The Capital One Quicksilver Cash Rewards Credit Card allows cardholders to earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening, but the Capital One Quicksilver Cash Rewards for Good Credit offers no sign-up bonus.

Alternate cashback card for good credit

Disclosures |
Discover it® Cash Back
Discover it® Cash Back
on Discover's secure site
0% for 14 months
11.99% - 22.99% Variable APR
$0
5% cash back on everyday purchases at different places each quarter like
  • INTRO OFFER: Unlimited Cashback Match – 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 each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • #1 Most Trusted Credit Card according to Investor’s Business Daily.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

The Discover it® Cash Back requires that applicants have a excellent/good credit score in order to be approved. That said, Discover is often considered to be more friendly to applicants who are new to credit or building credit than some other issuers. Plus, you can check online to see if you’re prequalified for any Discover credit cards — while prequalification doesn’t mean you’re guaranteed approval when you apply, it does mean you have a better chance.

There’s an excellent cashback program where cardholders earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically. Note after spending $1,500 in the current 5% categories, your earning rate will drop down to 1% on all purchases until the new quarter comes around and you activate the new categories.

And there’s a unique sign-up bonus for new cardmembers: Unlimited Cashback Match – 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.

If you need to make a big purchase and would like time to pay it off, this card offers an intro 0% for 14 months on purchases. After, a 11.99% - 22.99% Variable APR applies.

There’s also an intro 0% for 14 months on balance transfers if you need to transfer high-interest debt from another card. After, a 11.99% - 22.99% Variable APR applies. There is a 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.

Best of all, Discover it® Cash Back cardholders get all this for a $0 annual fee.

Compare the Capital One Quicksilver Cash Rewards for Good Credit to similar cards

Comparison of four different credit cards
Capital One Quicksilver Cash Rewards for Good Credit Capital One Quicksilver Cash Rewards Credit Card Capital One QuicksilverOne Cash Rewards Credit Card Discover it<sup>®</sup> Cash Back
Capital One Quicksilver Cash Rewards for Good Credit Capital One Quicksilver Cash Rewards Credit Card Capital One QuicksilverOne Cash Rewards Credit Card Discover it® Cash Back
Apply Now
on Capital One's secure site
Apply Now
on Capital One's secure site
Apply Now
on Capital One's secure site
Apply Now
on Discover's secure site
Recommended Credit
Good Excellent/Good Average/Fair/Limited Excellent/Good
Annual Fee
$0 $0 $39 $0
Regular APR
26.99% (Variable) 14.99% - 24.99% (Variable) 26.99% (Variable) 11.99% - 22.99% Variable APR
Welcome Offer
N/A One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening No bonus Unlimited Cashback Match – 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.
Rewards Rate
1.5% Cash Back on every purchase, every day 1.5% Cash Back on every purchase, every day 1.5% Cash Back on every purchase, every day 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases - automatically
Card Details
Capital One Quicksilver Cash Rewards for Good Credit Capital One Quicksilver Cash Rewards Credit Card Capital One QuicksilverOne Cash Rewards Credit Card Discover it® Cash Back

Is the Capital One Quicksilver Cash Rewards for Good Credit right for you?

Capital One offers three credit cards in the Quicksilver line, all earning the same flat cashback rate. The Capital One Quicksilver Cash Rewards for Good Credit is the mid-tier offering, charging a $0 annual fee and available to applicants with a good credit score. You won’t get a sign-up bonus or an intro APR period, but that’s OK — you’ll earn competitive rewards and build credit with this card.

However, if you only have average/fair/limited credit, there’s the Capital One QuicksilverOne Cash Rewards Credit Card, which charges a $39 annual fee. And of course, if your credit is excellent/good, you’ll likely want the best card of the lineup — the Capital One Quicksilver Cash Rewards Credit Card.

Apply Now
on Capital One's secure site