Capital One’s New Quicksilver Credit Card Offers 1.5% Cash Back Year Round


Remember that baby who hated cash back? You know, the one Jimmy Fallon used to try to coax into liking more cash back? Well, that baby might need to find another job.

Capital One has given their Capital One Cash Credit Card a new name: Quicksilver.

The new “Quicksilver Cash Rewards Credit Card” isn’t all that different from their old card, though it does have a fancy new look.

It comes in a sleek, brushed gunmetal, with the word Quicksilver stretched across the front of the card. Just don’t confuse it with the surf and skate brand…

50% More Cash 1.5% Cash Back

quicksilver cash card

So what did Capital One do differently here, aside from change the name and look of the card?

Well, remember how the old cash back card offered 50% more cash? That’s what Fallon was always banging on about.

This new version just offers 1.5% cash back on all purchases throughout the year. In other words, you wind up with the same exact amount of cash back, you just don’t need to wait until it doubles each year when you receive your 50% bonus.

I suppose in a word (or two) it’s instant gratification. The brains at Capital One probably also realized that 1.5% cash back sounds better than 50% more cash. Who knows? Regardless, you get the same cash back, just a little bit quicker.

Quicksilver also comes with a $100 opening bonus if you spend $500 on purchases within the first three months of activating the card.

If you spend an average of $2,000 a month on Quicksilver during the first year, you’ll earn $460, as seen in the graphic above. Not bad.

That cash back can be redeemed for a check, an account credit, or the gift card of your choice.

No Cash Back Restrictions

Quicksilver doesn’t have any annoying restrictions either:

– No rotating cash back categories
– No cash back limits
– No sign ups to earn 1.5% cash back
– No minimums to redeem cash back

It also comes with 0% APR on both purchases and balance transfers for the first 12 months, a plus for those looking for some cash flow or finance charge avoidance. *A 3% balance transfer fee applies if transferring a balance.

After that, the APR will rise to a variable rate of 12.9% to 20.9%, which is quite a range, but on the lower end if you look at average rates.

There’s no annual fee with Quicksilver, another bonus for a cash back card that offers more than 1% back.

This is a Visa Signature card, meaning you can snag complimentary travel upgrades, concierge service, access to special events, and various shopping discounts.

For the record, Quicksilver is clearly aimed towards those with excellent credit scores, so you need a decent credit score and history if you want to get approved.

All in all, it’s a decent deal, though you may also want to consider the U.S. Bank Cash Plus credit card or the American Express Blue Cash Everyday card instead. Both offer higher cash back categories

Tip: If you have average credit, you can look into the QuicksilverOne card instead. It has an annual fee of $39 and no opening bonus, but it does still offer 1.5% cash back.

(photo: Alan Stanton)

By Colin Robertson

Colin created this blog after spending several years in a job that required him to scour credit reports on a daily basis. His goal is to help individuals better understand their credit and get the most out of credit cards.


  1. I agree with you…might as well get 2% all year instead of 1.5%, both with no annual fee.

  2. Once again, I agree…of course, you’ll need to pay off your balance to get the additional 1% cash back, which everyone should do anyway.

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