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Capital One QuicksilverOne Cash Rewards Credit Card review: An accessible cash back card
Great for cash back and average credit
Annual Fee: $39
This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.
Here’s the average credit limit of members who matched their Capital One QuicksilverOne Cash Rewards Credit Card or similar cards.
% of members by credit limit range
The average credit limit for members who have matched with this card or similar cards is $1,699, with $300 being the most common.
Here’s the average credit score of members who matched their Capital One QuicksilverOne Cash Rewards Credit Card or similar cards.
% of members by credit score range
The average credit score for members who have matched with this card or similar cards is 604, with 579 being the most common. Note this is just one of the deciding factors when it comes to getting approved.
Member stats
Updated daily
56.6%
Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.
44 years
Average age of members who matched this card or similar cards.
$78,385
Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.
Pros and cons
Potential to qualify with some credit issues
Unlimited 1.5% cash back on all purchases
Pathway to a higher credit line after six months
Annual fee, though it’s modest at $39
No sign-up bonus
High variable APR on purchases and balance transfers
Capital One QuicksilverOne Cash Rewards Credit Card review
Updated October 10, 2024
This date may not reflect recent changes in individual terms.
Written by: Kim Porter
Capital One QuicksilverOne Cash Rewards Credit Card: An excellent find for people with ‘fair’ credit
This card is aimed at people with “fair” credit, as the card issuer describes it — yet the Capital One QuicksilverOne Cash Rewards Credit Card offers a decent cash back rate, making it worth considering if you want to get rewarded while building your credit.
Credit requirements
If you have less-than-stellar credit, it can be tough qualifying for a cash rewards credit card that delivers solid benefits. But you can be considered for the Capital One QuicksilverOne Cash Rewards Credit Card even if you have less than three years’ worth of credit history or you’ve had a loan default in the previous five years.
That’s just a basic guideline for how this card issuer defines fair credit — other factors in your credit profile may also be considered when you apply and could impact your approval.
Ongoing rewards
Capital One QuicksilverOne Cash Rewards Credit Card cardholders earn unlimited 1.5% cash back on every purchase. And Capital One makes it easy when it comes to redeeming rewards. You can request a check or statement credit, apply rewards directly to purchases you’ve already made on the account or trade them for gift cards. You can redeem any amount at any time during the life of the account.
Access to a higher credit limit
Cardholders have the potential to get a higher credit line after six months with the card. This can help boost your credit scores in two ways. Your credit scores are based largely on your payment history and the amount of credit you have available compared to the amount of debt you owe, called credit utilization. So as you make on-time payments and decrease your overall credit use, your credit profile could improve.
Annual fee
The card comes with a $39 annual fee, which is modest compared to some other credit cards but an added cost nonetheless.
That cost might not look so bad when you break down how you can make up for it. You’d have to spend at least $2,600 a year in purchases with the card to earn $39 back in rewards. That’s equal to spending around $50 a week — which could easily be met by paying for groceries or other common expenses. Remember, though: You should charge only what you can afford to pay back on the card on time and in full.
What else you need to know
- The card doesn’t have a sign-up bonus or 0% intro APR.
- The annual percentage rate, or APR, is on the high end — a variable 29.99% on purchases and balance transfers. Try to pay off your balance on time each month to avoid interest costs.
- The card offers $0 fraud liability.
- You’ll get alerts for your VantageScore® 3.0 credit score from TransUnion with the CreditWise program, which is a free credit-monitoring tool that allows you to view your credit history and receive advice and tips on how to improve your credit.
- There are no foreign transaction fees.
Who should get this card?
The Capital One QuicksilverOne Cash Rewards Credit Card doesn’t offer the glitz and glam you can get with some cards that have higher annual fees. So this card isn’t for everyone. But it can be a good place to start if you’re working on your credit.
If you’re careful about the way you use your card — by paying off your balance in full and on time every month, for example — the Capital One QuicksilverOne Cash Rewards Credit Card can be a practical way to build your credit while also earning cash back rewards.
Not sure this card is for you? Consider these alternatives.
- Discover it® Student Chrome:
This card may work well if you’re a student who wants a chance to earn higher rewards in certain categories. - Capital One VentureOne Rewards Credit Card: If your credit has improved after using the Capital One QuicksilverOne Cash Rewards Credit Card, this card could be a good fit for travel rewards and benefits.
- Chase Freedom Flex℠: If you’re looking for higher rewards and don’t mind a little work to get them, this card may be for you.
Member reviews
Most helpful positive review
September 26, 2023
Great beginners credit card!
— Credit Karma Member
I originally applied for this credit card (QuicksilverOne - not the "for good credit" one) back in September of 2019. I believe my score was around a 600. I was approved for a credit limit of $350. At the time, like most before my credit was all kinds of messed up so of course I liked that I was approved. I got the card in the mail within a week. Over time, I haven't been the best at paying it all the way off. So, my credit increases every 6 months haven't happened. I'd say over the past 2 years I've been financially stable FINALLY. Lol So, I made all my payments on time and paid it off before the due date. In fact, I would make double payments. This was great because they've increased my credit limit every 6 months! I haven't had to request any limits thus far. Currently my credit limit is $2,750 and that was given to me about 4 months ago. The limit prior to that was $1,250 I believe. My current credit scores are now 699 and 704! I've never had my scores go above a 680 so I'm definitely happy. I believe every bit of that was due to my double payments to this card. I don't have any personal loans and I'm always on time with my car payments yet that's only increased my credit score a couple of points every couple of weeks. I sure hope the next increase is massive because I now use the card religiously and pay it off within two weeks. At one point I had to contact customer service because someone fraudulently used my card so I reported it. They didn't ask too many questions and helped me out. They were professional and courteous. I highly recommend the card!
Most helpful negative review
June 20, 2023
No automatic credit increase regardless credit
— Credit Karma Member
Be careful with the Capital One Quicksilver One card. I opened this account in October 2022 with a given credit line of 300. With a low credit line I can hold a zero balance every month. I applied for a credit increase on the seventh month thinking it was safe because I pay the balance off every month… nope, denied! Capital One sent me a letter stating my credit was to new with this card, but when applying they stat you are automatically considered for a higher credit line within six months. So I’m confused. On my other credit cards they are twice or three times as much and I’ve already received several increases within a year because I keep the balance very low or paid off. With an annual payment of $39 I’m so tempted to cancel this card. Not complaining, just confused!