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.

• 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; 5% cash back on hotels and rental cars booked through capital one travel (terms apply). 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.

• The card comes with a 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. 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.

 

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, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% 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% Intro APR for 15 months on purchases. After, a 16.99% - 27.99% Variable APR applies.

There’s also an intro 0% Intro APR for 15 months on balance transfers if you need to transfer high-interest debt from another card. After, a 16.99% - 27.99% 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.

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 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.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply