Capital One Quicksilver
Apply now Award System
Bank
Reconsideration Phone
800.227.4825
Breaking Points
| Bonus Points | Minimum Spend | Point Value | Annual Value | Annual Fee | 1st Year Value |
|---|---|---|---|---|---|
| 20,000 | $500 | 1.0 ¢ | $0 | $0 | $205 |
| Best Value | Differentiating Perks | Rules |
|---|---|---|
| Easier approval for those looking to build credit | 5/24 |
Card Benefits
Using this card gives you secondary coverage on collision and theft, up to the cost of the vehicle for 15 days. Any international rentals are covered by primary insurance when using this card.
Travel accident insurance up to $250,000; trip cancellation insurance up to $1,500 per trip; lost luggage insurance up to $3,000 per trip; baggage delay insurance up to $100 per day for 3 days.
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Call 1-800-953-7392 to get complimentary assistance making dinner reservations, buying theater tickets, getting travel guides, sending gifts/flowers, and dozens of other specific requests.
Call 1-800-847-2869; a flat $69.95 charge for towing up to 5 miles, tire changing, jump starting, locksmith service, fuel delivery and standard winching; cardholder will be charged for any additional services or goods provided.
You're covered on items lost or stolen within 90 days, up to $10,000 per claim and $50,000 per cardholder.
You can double the warranty up to 1 additional year on eligible purchases with warranties of 3 years or less.
Point Transfer Options
Transfer To Spouse/Partner Yes
Transfer To Friends Yes
Travel Partner Transfers
Outside Point System Cash in Cents
Transfers In From
1:1 71% value retained
1:1 100% value retained
1:1 91% value retained
1:1 63% value retained
1:1 91% value retained
1:1 71% value retained
Bottom Line
Capital One Quicksilver Rewards offers a lot of value in a small package. It’s a no-hassle card that you simply use and earn. We think it’s particularly good for beginners. You can dabble in the credit card game (without a specific goals) and see how easy it is to earn.
If you are a seasoned points person, however, this might be considered a waste of time. It’s not a Chase card, but it will still count against the Chase rule. The welcome bonus is reasonable for the spend, but it's still small in comparison with some of the other offers.
Why You Might Want This Card
Need To Build Your Credit?
This is one of those cards that gives you fast cash for doing practically nothing. The normal offer is $150 welcome bonus after spending just $500 in 3 months. Occasionally there are special offers that bring it closer to a card worth consideration, but generally, this isn't a card we would waste a mark against your 5/24. The one exception might be in building credit as this card is easier to qualify for than some of the best cards in the hobby.
Not Bad For A Starter Card
After that, you'll earn unlimited 1.5x on every purchase, everyday without limitations. There is $0 annual fee, 0% APR for the first 15 months and no foreign transaction fee. Redeeming is easy -- you can get cash back, statement credit or check in any amount at any time and rewards never expire. We don’t usually expect a lot of extras with a cash card, but this one actually has a couple of surprises. There is complimentary concierge service, extended warranty, 24-hour travel assistance, travel accident insurance, car rental insurance and roadside assistance.
Exceptions To The Rule
About Cash in Cents
Most points have a 1 cent redemption value. Plus any 1X of 1.5X cash-back on spends are in cents, not dollars. So that we are comparing Apples to Apples, in terms of cash back vs. points, we use cents rather than dollars in representing cash bonuses.
Where Capital One Quicksilver Fits In This Point Ecosystem
Personal Experience
Application Rules
Your application will be declined if 5 new cards are reported on your personal credit report in the past 24 months
Am I Financially Ready For This Hobby?