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Tuesday, 24 December 2019

Capital One Quicksilver Cash Rewards Credit Card Review - $150 Cashback Bonus $500 Referral Bonus 1.5% Unlimited Cashback

Capital One Quicksilver Cash Rewards Credit Card Review

The Capital One Quicksilver Cash Rewards Credit Card is brilliant if you want a no nonsense approach to cashback rewards. This cashback credit card is for people who don't want to mess around with choosing where they spend their money to maximize cashback. 

With the Capital One Quicksilver Cash Rewards Credit Card you get a flat rate of 1.5% on everything your spend on. There are no categories like dining or entertainment. This is a no nonsense cashback credit card that puts you in control.

The Capital One Quicksilver Cash Rewards Credit card has some pretty good features and benefits. You can make a lot of money in cashback if you use the cashback reward card effectively. First of all, you can get $150 cash bonus when you spend $500 within 3 months of opening account. 

You also get a hefty 15 months interest free credit on purchases and balance transfers, so if you've got a lot of debt on other credit cards and you're paying interest you can shift it over to the Capital One Quicksilver and save money. Simple.

In this concise Capital One Quicksilver Cash Rewards Credit Card Review I will be analyzing this card in detail, I will outline the features and benefits and share strategies on how you can maximise the cashback. I will also be answering some of the most frequently asked questions for the Capital One Quicksilver Cash Rewards credit card.



Bonus 1: Spend $500 on the Capital One Quicksilver Cash Rewards credit card and get $150 in cash bonuses.  

Bonus 2: Get 1.5% on everything you spend on using the Capital One Quicksilver Cash Rewards Credit Card. There are no categories or signups, this is as simple as it gets.

Bonus 3: Get 15 Months interest free credit on purchases and balance transfers. There are no annual fees or foreign transaction fees for the Capital One Quicksilver Cash Rewards credit card.

Capital One Quicksilver Cash Rewards Credit Card FICO Requirements


The Capital One Quicksilver is a very popular card because of its simplicity. This is a highly sought after card and it's very hard to get. 

To cut right to the chase, the absolute bare minimum FICO requirements for the Capital One Quicksilver Cash Rewards Credit card is a FICO score of 700.

To be certain of being approved you should aim to have a FICO score of 720+. You should make sure your total credit utilisation is not too high and you have no fraud markers lurking in your credit report.

Like I always say, don't chance it, check your credit report and FICO score before you apply for this peach of a card. If you fall short, you should spend at least 6 to 12 months repairing and improving your credit. It is entirely possible to improve your credit to 720+, I did it with terribly bad credit and you can do it too! 

Capital One Quicksilver Cash Rewards Credit Card Features


The best feature of this cashback rewards credit card is simplicity. Leonardo Da Vinci said 'simplicity is the ultimate sophistication' and this card oozes simplicity.

I really enjoyed analyzing this card in detail under a proverbial microscope. It doesn't have a lot of features like the Capital One Savor One but the beauty of this card is the flat rate cashback on offer, it's unlimited. 

If you're a high net-worth client who spends money on anything and everything and doesn't have a specific interest this is the card for you.

There are high net worth credit card experts on Reddit and NerdWallet.com who swear by this card and they are making thousands every year and reaping the benefits of cashback reward. Don't miss out.

Feature 1: Yes you guessed it. The Capital One Quicksilver Cash Rewards Credit Card has a flat rate cashback on 1.5%. There are no signups required, no forms to fill in and no categories to choose. You just go with the flow and spend money and receive unlimited 1.5% cashback. If you do spend $10,000,000 you will receive $150,000!

Feature 2: Earn right from the start. Just spend $500 within 3 months of opening the Capital One Quicksilver Cash Rewards Credit Card account and get $150 cashback. It's really that simple. 

Feature 3: Your Capital One Quicksilver cashback will never expire. It's the most infuriating feeling when you've missed out on your cashback rewards. 

With this simple credit card your cashback rewards will never expire as long as your credit account is open. Simple.

Feature 4: There are no annual fees ever, there are no foreign transaction fees. The Capital One Quicksilver Cash Rewards Credit Card is as simple as it gets.

Feature 5: Get 15 months interest free credit on purchases and balance transfer on the Capital One Quicksilver Cash Rewards credit card. 

There balance transfer is subject to a 3% fee. Shift debt to this card and pay no interest and save money. A penny saved is a penny earned as savvy personal finance experts say.

Feature 6: Receive $100 for every successful referral to the Capital One Quicksilver Cash Rewards credit card. You can earn up to $500 a year maximum for referring 5 people. 

Maximize Capital One Quicksilver Cash Rewards credit card


One of the best feelings ever is to maximize the Capital One Quicksilver Cash Rewards credit card. Whenever I get a new cashback rewards credit card I look for ways to maximize each rewards. 

There are credit card experts on sites like Reddit and NerdWallet.com who are cleaning up in terms of cashback rewards. I wanted to share some of the strategies I found on these cashback communities. 

Strategy 1: As with all cashback reward credit cards you should take advantage of the initial bonus offer. The Capital One Quicksilver Cash Rewards credit card will give you $150 cash bonus when you spend $500 within 3 months. Easy.

Strategy 2: Next turn your attention to grabbing the referral bonus. The Capital One Quicksilver Cash Rewards credit card offers $100 for every successful referral. You can earn up to $500 every year for referring your friends and family to this wonderful cashback rewards credit card.

Strategy 3: Shift as much debt as you can to the Capital One Quicksilver Cash Rewards credit card to take advantage of the 15 months interest free period. You will have to pay a 3% balance transfer fee, but, you will save more in interest. As I said earlier, a penny saved is a penny earned.

Strategy 4: Put all your expenses on the Capital One Quicksilver Cash Rewards credit card and earn 1.5% cashback rewards. You can also request additional cardholders and they will also receive cashback rewards at 1.5% on everything they spend. There are no limits so the more you spend the more money you will earn in cashback rewards.

Capital One Quicksilver Cash Rewards credit card FAQs


The Capital One Quicksilver Cash Rewards credit card is unbelievably popular. You need a FICO score of 720 because this is a highly sought after cashback credit card. What draws people to this card is the simple concept of earning 1.5% every time you spend. 

I get a lot of questions about the Capital One Quicksilver Cash Rewards credit card so I answered 20 of the most frequently asked questions about this super cashback rewards credit card. If you have any questions please feel free to email me or leave a comment on the comments section below.

Q1: What credit score do I need for a Capital One Quicksilver card?

The FICO score you will need to get approved for the Capital One Quicksilver Cash Rewards Credit Card is 720+. This is a highly sought after card so your credit report will also have to be nice and clean. You must have a low total credit utilisation ratio and must not have any nasty fraud markers.

Q2: Is Capital One Quicksilver a good credit card?

The Capital One Quicksilver Cash Rewards Credit Card is a good card for people who like simplicity. This cashback rewards credit card will give you 1.5% on everything you spend on, there is no limit and your cashback rewards never expire. Suppose you are a high net worth client and you spend $10,000,000 a year you will earn a hefty $150,000.

Q3: How does Capital One Quicksilver cash rewards work?

The Capital One Quicksilver Cash Rewards Credit Card works by rewarding you with 1.5% cashback on everything you spend on. There are no restrictions, there are no categories or signups required. There is no limit on how much you spend and you can earn unlimited cashback rewards which never expire.

Q4: What is the highest credit limit for Capital One Quicksilver?

The Capital One Quicksilver Cash Rewards Credit Card starts with a credit limit between $1,000 and $10,000 depending on your creditworthiness and total credit utilisation ratio. Your credit limit will continue to rise providing you manage your account effectively. There are no upper credit limits stated on the Quicksilver credit card so I suppose the sky is the limit.

Q5: Is Quicksilver better than platinum?

The Capital One Quicksilver Cash Rewards Credit Card is better for cashback rewards enthusiasts, whereas the Platinum card is better for people who do not have a high enough FICO credit score for the Quicksilver.

Q6: What is the difference between Quicksilver and Quicksilver one?

Both the Capital One Quicksilver and Quicksilver One offer 1.5% cash back rewards. However, the key difference is the Quicksilver caters to Good/Excellent credit score, while Quicksilver One caters to Fair/Limited Credit Score.

Q7: What kind of card is Capital One Quicksilver?

The Capital One Quicksilver is a cashback rewards credit card which rewards you with 1.5% cashback on absolutely everything you spend on. There is no upper limit on spending. The rewards never expire. 

Q8: What are the benefits of Capital One Quicksilver?

The benefits of Capital One Quicksilver Cash Rewards Credit Card is you get $150 cash bonus when you spend $500 in the first 3 months. You also get up to $500 in referral bonus when you refer 5 people to the Quicksilver account. You also earn 1.5% on everything you spend on with no restrictions or limits.

Q9: What is the best Capital One credit card to get?

Most cashback rewards credit card agree the following...

Capital One Venture Reward Credit Card is the best for travel.

Capital One Quicksilver Cash Rewards Credit Card is best for cashback.

Capital One Spark Cash for Business is best for small to medium sized business.

Capital One Journey Student Rewards is best for college goers.

Q10: What's the highest credit limit on a Capital One card?

The Capital One Venture Rewards Credit Card has the highest credit limits given by Capital One. I have seen credible reports where Venture Reward holders have a credit limit of $50,000. The average credit limit for the Venture Reward Credit Card is between $5,000 to $10,000.

Q11: How often does Capital One automatically increase credit limit?

You can request an increase in your credit limit with Capital One as often as you like. However, Capital One will only increase your credit limit every 6 months.
 
Q12: Can you have 2 Capital One credit cards?

Capital One allows 2 Capital One credit cards per cardholder. 

Q13: Can I upgrade my Capital One Platinum to Quicksilver?

You can upgrade your Capital One Platinum to Quicksilver providing you have managed your account well and have no arrears or missed payments after 6 months. Give Capital One Customer Service a call and make the request, you can also kill two birds with one stone by also asking for a credit limit increase.

Q14: Can I apply for a Quicksilver card with bad credit.

With a bad credit score you will not be approved for a Capital One Quicksilver Cash Rewards Credit Card. You need a FICO score of 720+ to be certain of approval. .

Q15: Is Capital One Quicksilver a Mastercard or Visa?

Capital One Quicksilver is a Visa card, not a Mastercard. If approved for Capital One Quicksilver, you'll receive either a Visa Platinum or Visa Signature version of the card.

Q16: How do I get Capital One Quicksilver rewards?

You can see all the cashback rewards when you log into your online account. You can click on the Reward Balance and then choose how you want to redeem your cashback rewards.

Q17: How do you get a cash advance on a Capital One credit card?

You can log into your online account and request a cash advance as long as it is activated on your account.

Q18: Which is Better Capital One Quicksilver or venture?

The Capital One Quicksilver offers 1.5% cashback rewards, whereas, Capital One Venture offers 1%. The Capital One Venture Rewards is more suitable for people who like to travel.

Q19: What is the credit limit on Capital One Quicksilver card?

Once approved for a Capital One Quicksilver Cash Rewards Credit Card you will be given a credit limit of $1,000 to $10,000, depending on your creditworthiness.

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