The Capital One Quicksilver credit card earns a flat rate of 1.5% cash back on all purchases with no maximum limit on how much cash back you can earn.

Point Multipliers

The Capital One Quicksilver earns cash back on the following categories:

• 1.5% Cash back on every purchase
• 5% Cash back on hotels and rental cars booked through Capital One Travel. Terms apply.

Capital One Quicksilver Overview

If you have a lot of non-category spend or want a simple 1.5% card, then the Capital One Quicksilver is worth considering. 

For most people who don't spend much in categories like dining, entertainment, and groceries or prefer to avoid switching between cards frequently, you should aim to earn more than 1% cash back on all your spending. 

Benefits

The Capital One Quicksilver has a few notable benefits, like no foreign transaction fees, which is rare in a no-annual-fee card.

Other benefits include:

• Travel accident insurance
•  Extended warranty
• 24-hour travel assistance service if your card is lost or stolen
• Up to 6 months of complimentary Uber One membership statement credits (through Nov 14, 2024)
• Concierge service
• Invites to exclusive events via Capital One Entertainment

Terms apply to benefits.

Alternative Options

If you're optimizing for cash back and want to earn more than 1.5%, an alternative option is the Citi Double Cash Card®.

The Citi Double Cash earns 2% cash back on all purchases (1% when you buy, 1% when you pay the balance).

If you want to stay within the Capital One card ecosystem and are okay with bonus categories, then the Capital One SavorOne Cash Rewards Credit Card is worth considering. The SavorOne is a no-annual-fee card that earns cash back on dining and entertainment. Read our Capital One SavorOne review here. 

How to Redeem Cash Back 

The Capital One Quicksilver card allows you to redeem cash back in various ways, such as a statement credit, check, or gift card. Additionally, you can apply the cash back directly to a specific charge on your statement. 

There is no minimum redemption amount required. To redeem, simply sign in to your account through the app or on a computer and make your selection.

Capital One Miles

To get more value from the Capital One Quicksilver, an advanced redemption option is to convert your cash back into Capital One Miles at a 1:1 ratio and transfer them to airline and hotel partners. 

This can be a great option if you are looking to redeem rewards for travel. Keep in mind that in order to convert cash back to Capital One Miles, you must have one of the miles-earning card such as Capital One Venture, Capital One Venture X, or Capital One Spark Miles.

1:1 Transfer Ratio

When you transfer 1,000 Capital One Miles to any of the listed transfer partners, you will receive the same number of miles or points in the corresponding travel loyalty program.

• Aeromexico Club Premier
• Aeroplan®
• Asia Miles
• Avianca LifeMiles
• British Airways Executive Club
• Choice Privileges®
• Emirates Skywards
• Etihad Guest
• Finnair Plus
• Flying Blue
• Qantas Frequent Flyer
• Singapore Airlines KrisFlyer
• TAP Miles&Go
• Turkish Airlines Miles&Smiles
• Virgin Red

2:1.5 Transfer Ratio

When you transfer 1,000 Capital One Miles to this partner, you will receive 750 miles or points in their travel loyalty program.

• EVA Air Infinity MileageLands

2:1 Transfer Ratio

When transferring 1,000 Capital One Miles to this partner, you will receive 500 miles or points in their corresponding travel loyalty program.

• ALL - Accor Live Limitless

The Quicksilver's simple earning rate makes transfer partners a worthwhile rewards option, especially if you can take advantage of Capital One's transfer sweet spots.

Main Takeaway

The Capital One Quicksilver Cash Rewards Credit Card is a simple flat-rate cash back card ideal for people who don't want to keep track of categories. Other alternatives, like the Citi Double Cash offers higher flat cash back rates.

If you spend a ton on categories like dining and entertainment, then the Capital One SavorOne might be a better fit.