Capital One Quicksilver Cash Rewards Credit Card Review (2020.10 Update: $200 Offer)

Capital One Quicksilver Cash Rewards Credit Card Review

2020.10 Update: The offer is now increased to $200.

Application Link

Benefits

  1. $200 offer: earn $200 cash bonus after spending $500 in first 3 months.
  2. Earn 1.5% cash back on all purchases.
  3. No foreign transaction fee.
  4. No annual fee.

Disadvantages

  1. Capital One will pull all three major credit bureaus (Experian, TransUnion, Equifax) for one credit card application!

Recommended Application Time

  1. We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.
  2. [1/6 rule] You can only apply for 1 Capital One credit card for every 6 months, including both personal and business credit cards. You will get automatic denial if you violate this rule, but there will be no hard pull.

Summary

The sign-up bonus is decent for a no annual fee card. It is also good that this card has no Foreign Transaction Fee (FTF) AND no annual fee. However, a similar card BoA Travel Rewards Credit Card is better in most aspects. There is also a card PayPal Cashback Mastercard, which earns 2% cashback on everything with no annual fee and no FTF (though it does not have any sign-up bonus). You should also be careful that Capital One will pull all three major credit bureaus (Experian, TransUnion, Equifax) for one credit card application (see Characteristics of Major Banks for more details).

Historical Offers Chart

Application Link


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