Review: Capital One QuicksilverOne Cash Rewards Credit Card

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

Study: People Who Curse Are More HonestFamily

8 Creative Ways to Clear ClutterAround The House

15 Things You Should Always Buy at a Dollar StoreMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

5 Reasons to Shop for a Home in DecemberFamily

This Free Software Brings Old Laptops Back to LifeMore

Should You Donate to Wreaths Across America? A Lesson in Charitable GivingAround The House

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

10 Free Things That Used to Cost MoneyAround The House

7 New Year’s Resolutions to Make With Your KidsFamily

10 Simple Money Moves to Make Before the New YearFamily

The 3 Golden Rules of Lending to Friends and FamilyBorrow

It's a nice cash-back card for people whose credit is good but not quite excellent. However, it has an annual fee.

This post comes from Logan Abbott, editor of the credit cards section of MyRatePlan.com.

Capital One has reworked its old cash-back rewards card for people with less than perfect credit and named it the Capital One QuicksilverOne Cash Rewards Card. This card offers some of the best cash-back rewards out of any card currently available.

Advantages

  • Earn cash back on every purchase. Cardholders earn 1.5 percent cash back on all purchases, all the time, with no limit on the amount that can be earned. Capital One used to offer 1 percent cash back with a 50 percent bonus at the end of each year. With the new QuicksilverOne Cash Rewards Card, Capital One is giving cardholders 1.5 percent cash back on every purchase instead of making them wait until the end of the year to realize that extra half of a percent.
  • No rotating categories. The cash-back terms are simple: 1.5 percent cash back on every purchase all the time. There is no need to sign up for rotating categories, which you could potentially forget to do.
  • Generous introductory APR period on purchases. The card offers a 0 percent APR introductory period on purchases until June 2014.
  • No foreign transaction fees. The card does not charge a foreign transaction fee for overseas purchases.

Disadvantages

  • No intro period on balance transfers. Although the card offers a nice 0 percent APR introductory period on purchases, it does not offer a 0 percent APR intro period on balance transfers. However, if you were to make a balance transfer, there is no balance transfer fee.
  • Annual fee. The card charges an annual fee of $39, which is still pretty low.

Bottom line

Get it if: You have good credit and want to take advantage of one of the best cash-back credit cards on the market.

Forget it if: You have poor credit, want to transfer a balance, or want a card with no annual fee.

Follow Logan Abbott on Google+ 

Note: While we attempt to be completely objective when reporting on credit cards, this site may be compensated by issuers when a reader applies for a credit card through the links within credit card stories or on our credit card search page. Also note that any terms, rates or other features described in this article can change without notice. Always double-check everything with the issuer before applying for any credit card.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 6 Ways to Make Cheap Foods Taste Delicious

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,825 more deals!