Capital One QuicksilverOne vs Quicksilver


Most rewards credit cards are geared to consumers with excellent credit or very good credit, which typically requires a FICO credit score of 740 or above. However, a few card issuers offer at least one rewards card option for people with just good credit (670 to 739), or even those with fair credit, or a score from 580 to 669.

Two cash back credit cards from Capital One include the Capital One® Quicksilver® Cash Rewards Credit Card for good to excellent credit and the Capital One® QuicksilverOne® Cash Rewards Credit Card for fair to good credit. If you’re considering one or both of these cards based on what you believe you can qualify for, keep reading to learn how they stack up.

Main details
Features Capital One Quicksilver Capital One QuicksilverOne
Welcome bonus Earn a one-time cash bonus of $200 when you spend $500 in the first three months after opening your account None
Rewards rate Unlimited 1.5% cash back on purchases Unlimited 1.5% cash back on purchases
Credit required Good to Excellent Fair to Good
Intro APR 0% APR on purchases for 15 months, followed by a variable APR of 15.49% to 25.49% None; 26.99% variable APR
Annual fee $0 $39
Capital One QuicksilverOne vs. Quicksilver highlights

These Capital One credit cards are very similar, yet you may notice a few areas where one card stands out. Here’s a rundown of important categories you should compare and which card comes out ahead in each:

Welcome bonus winner: Capital One Quicksilver

In terms of earning a welcome bonus, the Quicksilver easily comes out ahead. This card lets you earn a one-time bonus of $200 when you spend $500 on your card within three months of account opening, which works out to just $167 per month in spending for three months in a row.

On the flip side, the QuicksilverOne doesn’t offer an initial bonus at all.

Rewards rate winner: Tie

Both of these cash back credit cards let you earn a flat rate of 1.5 percent back for each dollar you spend. This rate is better than many cash back credit cards that only offer 1 percent back on regular purchases.

Annual fee winner: Capital One Quicksilver

The Quicksilver doesn’t charge an annual fee, which makes its 1.5 percent back rewards rate even better.

On the other hand, the QuicksilverOne charges a $39 annual fee that is not waived the first year.

Foreign transaction fee winner: Tie

Neither of these credit cards charges a foreign transaction fee when you make purchases outside the United States.

Which card earns the most?

Both cards offer the same unlimited 1.5 percent back on every purchase you make. However, the Quicksilver still comes out ahead due to its lack of an annual fee and the welcome bonus you can earn.

Capital One QuicksilverOne vs. Quicksilver spending example

Here’s an example of how the numbers might look depending on your spending:

If you charge $2,000 per month on your credit card to cover groceries, gas, utility bills and miscellaneous expenses, then you would earn $360 in cash back rewards with either card. However, you can also earn a cash bonus of $200 when you spend $500 within three months of account opening with the Quicksilver, which could bring your total first-year rewards haul to $560 with no annual fee.

With the QuicksilverOne, you would have to subtract the $39 annual fee from your rewards, bringing your total to $321. And remember, this card doesn’t have a welcome bonus.

If you only spend $1,000 per month on your credit card, on the other hand, then the final rewards haul works out to $180 total with the Quicksilver and $141 with the QuicksilverOne when you subtract the annual fee.

Why should you get the Capital One Quicksilver?

The Quicksilver can be a better option if you have good or excellent credit and believe you could qualify. Here are some additional factors to consider before you apply.

Additional benefits

One big benefit you get with the Capital One Quicksilver comes in the form of its introductory APR offer. Once you sign up, you’ll get 0 percent APR on purchases for 15 months, followed by a variable APR of 15.49 percent to 25.49 percent. This benefit can help you finance a large purchase and pay it down without interest over time, but it can also come in handy if you need to carry a balance to cover in an emergency in the short-term.

As a cardholder, you’ll also get extended warranties on eligible items, travel accident insurance, 24-hour travel assistance services and more.

Redemption options

You can redeem your rewards for a check in the mail, a statement credit to your account or gift cards. You can also redeem points to cover purchases made on

Recommended credit score

You’ll typically need excellent credit to qualify for this rewards credit card, although a “very good” FICO score of 740 or higher may also be enough.

Why should you get the Capital One QuicksilverOne?

The QuicksilverOne can be a better option if your credit score is only “fair” but you still want to earn rewards on your purchases. Additional factors to keep in mind include the following:

Additional benefits

The Capital One QuicksilverOne comes with extended warranties and travel accident insurance, yet you’ll also get secondary auto rental coverage that kicks in after your own insurance when you rent a car.

Redemption options

This card offers the same basic redemption options, which include cash back, statement credits and gift cards.

Recommended credit score

This cash back credit score requires “fair” credit, which normally entails a FICO credit score of 580 to 669.

The bottom line

Although both of these rewards credit cards offer an unlimited 1.5 percent cash back rewards on every purchase, the Capital One Quicksilver is the clear winner for those who can qualify. Not only does this card have a sign-up bonus and no annual fee, but you can also score 0 percent APR on purchases for 15 months, followed by a variable APR of 15.49 percent to 25.49 percent.

With that being said, you can still benefit from signing up for the Capital One QuicksilverOne if your credit score needs some work. In fact, you could use this card responsibly and boost your credit score over time, at which point you could apply for a different credit card with more rewards and better perks.

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