Cardholders received an email saying this card will soon switch to the Discover payment network and add 3% cash back on grocery and gas purchases. As a no-annual-fee card, that’s a pretty nice new perk. On top of that, the card comes with a $200 welcome bonus and 1.5% cash back on all purchases, so it’s still fairly hassle-free

You can also fill in your personal information in the pre-approval tool below to see whether you can get approved. Even if you don’t get approved, it won’t affect your credit score.

Capital One Quicksilver Cash Rewards Credit Card Review

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Full review

Capital One Quicksilver Credit Card

1.5% cash back on all purchases; no annual fee!

  • Welcome bonus: $200 cash back (spend $500 in the first 3 months)
  • Rewards: 1.5% cash back on all purchases
  • Redemption: Cash back
  • Annual fee: $0
  • Apply now>>

Highlights

  • 1.5% cash back on all purchases: If you prefer carrying just one card, this flat 1.5% cash back on everything is pretty good.
  • No minimum for cash back redemption: There is no minimum redemption threshold for cash back, so you can redeem any amount whenever you want.
  • Half-price Spotify Premium subscription: If you use this card to subscribe to Spotify Premium, you can get 50% cash back. This offer lasts through April 2018.
  • 0% APR on purchases: Purchases made after opening the card come with 9 months of interest-free financing, and you only need to pay the minimum payment each month. Note that you must pay at least the minimum every month. See: How to pay back 0% APR charges and How to use 0% APR credit cards in practice
  • No Foreign Transaction Fee (FTF): Most cards with no foreign transaction fee have annual fees, so it’s nice that this card has none. Details: FTF introduction

Drawbacks

  • There are no other bonus categories with higher earnings.

My Take

With a $200 bonus, a steady 1.5% cash back rate, no annual fee, and no foreign transaction fee, this card is pretty average overall and suits people who don’t want to spend much time optimizing cards. If you’ve been subscribing to Spotify Premium for the long term, it’s worth considering an application, since 50% off is still pretty good. I guess if you prepaid for Spotify Premium, you should also be able to get the 50% off.

Another strong point of this card is that it gets mailed to you constantly—every few weeks, you’ll receive another advertisement in the mailbox. Even a family member who is an authorized user on my card (no SSN) has received this mailer before. The mailer even changed from regular printed paper to a piece of cardboard in the middle, so you can’t just tear it open without opening the envelope first..

Capital One Credit Card Application Guide

  • Application status can only be checked by phone: (800) 903-9177
  • Capital One applications usually pull reports from all three credit bureaus. You may be able to avoid a hard pull by freezing some of your credit reports.
  • You can apply for only one Capital One credit card every six months, including both personal and business cards. If you force another application, it will likely be instantly denied, but it will not result in a hard pull.
  • One person can hold at most two Capital One personal credit cards at the same time, counting only Capital One-issued cards.
  • If you do not qualify for the card you applied for, you may be automatically approved for a different card instead, usually a lower-tier version. You can choose to accept or decline it, and there will be no additional hard pull.
  • New applicants may be asked to upload ID during the application process.
  • More on applying for Capital One credit cards

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