The Bottom Line: If you put more than $2,600 a year on this card — around $220 a month — this is a top-notch card, as the rewards will make up for the fee.
26.96% Variable APR
recommended credit score
- Earn unlimited 1.5% cash back on every purchase, every day
- Earn cash rewards without signing up for rotating categories
- Get access to a higher credit line after making your first 5 monthly payments on time
Pros & Cons
Qualify with average credit
High rewards rate
No foreign transaction fee
Has annual fee
Alternate Pick: No credit check
If you have average credit but are looking for a credit card that still rewards spending, it doesn't get much simpler than the Capital One® QuicksilverOne® Cash Rewards Credit Card. This card offers unlimited cash back on all purchases, all year long. Every time you use it, you save.
Capital One® QuicksilverOne® Cash Rewards Credit Card: Basics
Annual fee: $39.
Sign-up bonus: None.
Rewards: Unlimited 1.5% cash back on all purchases.
Interest rate: The ongoing APR is 26.96% Variable APR.
This card vs. the regular version
The Capital One® QuicksilverOne® Cash Rewards Credit Card gives you 1.5% cash back on every purchase. This is the same rewards rate as on the regular version of this card, which is available to people with good or excellent credit.
However, there are some key differences between this card for average credit and the regular version:
The Capital One® QuicksilverOne® Cash Rewards Credit Card has an annual fee of $39. The regular version has no annual fee.
The Capital One® QuicksilverOne® Cash Rewards Credit Card offers no sign-up bonus.
The Capital One® QuicksilverOne® Cash Rewards Credit Card has no 0% introductory APR period.
While many cash-back cards restrict how and when you can redeem cash back, the Capital One® QuicksilverOne® Cash Rewards Credit Card allows cardholders to redeem in any amount at any time. You can even set up auto-redemption, where cash back is automatically applied as a statement credit when it reaches a certain threshold ($25, $50, $100 or $200).
Capital One® QuicksilverOne® Cash Rewards Credit Card: Drawbacks
Though the Capital One® QuicksilverOne® Cash Rewards Credit Card has many things going for it, there are a couple reasons for you to look at other choices.
there's an annual fee
The $39 annual fee isn't too lofty, but it's an added cost nonetheless. You have to spend at least $2,600 a year with this card to make up for the annual fee. Use our calculator to see whether it makes sense for you
If you're set on a card with no annual fee, consider the Capital One® Platinum Credit Card. It charges $0 but offers no rewards. It's a good card to use to build a strong credit history in preparation for moving up to a better card.
No 0% APR period
An introductory 0% interest period can save you money if you've got a big purchase coming up that you'd like to spread over a few months, but it's a rare feature on cards for average credit. The ABOC Platinum Rewards Card is an exception. You get a 0% Intro APR on Purchases and Balance Transfers for 12 months, and then the ongoing APR of 15.15% - 25.15% Variable APR. There's also a rudimentary rewards program.
If you want to know what other cash-back credit cards might be available to you, consult our list of top rated credit cards.
Is the Capital One® QuicksilverOne® Cash Rewards Credit Card right for you?
The Capital One® QuicksilverOne® Cash Rewards Credit Card is a low-effort card offering unlimited cash back for people who might not qualify for other good rewards cards. The annual fee is a consideration, but if you're using this card wisely — as a steppingstone to better credit and better credit cards — someday you'll be able to put that cost behind you.
on Capital One's website
NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.