Review of the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months (Credit Score & Rewards)

Review of the Capital One® Quicksilver® (Credit Score & Rewards)

credit card advice

Adam West
By: Adam West
Posted: June 13, 2018
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

When Capital One was established in 1994, it was a monoline bank, with all of its revenue coming from its line of credit cards. While typically considered to be a risky business model, Capital One found success by offering products designed with specific consumers in mind.

For instance, Capital One was among the first major issuers to offer blackout-free travel rewards through its popular Capital One® Venture® Rewards Credit Card. The card issuer has also worked to simplify credit card rewards in other ways, namely through its Capital One® Quicksilver® Card — 0% Intro APR for 15 Months card, which provides a flat-rate earnings structure that makes earning rewards simple.

In another consumer-centric move, Capital One doesn’t limit rewards to its most qualified applicants, either. While the card requires good to excellent credit, its sibling, the Capital One® QuicksilverOne® Cash Rewards Credit Card card is available to a wide range of credit types.

Average Score | Rewards | Other Options

Average Cardholder Has A FICO Score Between 700-750

Whether we like it or not, the fact is the best credit products come to those who have the best credit scores, and the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months is no exception. The bulk of Capital One® Quicksilver® Card – 0% Intro APR for 15 Months cardholders reporting to Credit Karma have credit scores above 700, with a full 30% the card’s members having credit scores above 750.

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 14.49%-24.49% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.49%-24.49% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
14.49% - 24.49% (Variable)
$0
Excellent, Good

Given the data, it’s safe to say your chances of being approved for the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months card are best if your credit score is firmly in the “Good” range. That’s not to say, of course, that you can’t qualify with a lower credit score. Around 40% of the reviewers had credit scores below 700, with as many as 7% of the cardholders having scores between 601 and 650, which is right in the “Fair” credit range.

Credit Karma Quicksilver® Credit Score Graph

As shown in the graph from Credit Karma, the average Capital One® Quicksilver® Card – 0% Intro APR for 15 Months cardholder has a credit score above 700.

That being said, even if your credit score is enough to get you approved, a lower credit score may not result in the best of credit limits. The average limit for a cardholder with a credit score below 650 was around $3,000, while those with scores above 650 averaged closer to $7,000, and the very best scores over $9,000.

If you’re worried your score won’t be enough to earn a Capital One® Quicksilver® Card – 0% Intro APR for 15 Months, you can check for pre-approval before officially applying. Pre-approval uses a soft credit inquiry to estimate your approval chances and won’t impact your credit.

For prospective cardholders who don’t qualify for the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months card based on their credit scores, the Capital One® QuicksilverOne® Cash Rewards Credit Card may be a good option. The Capital One® QuicksilverOne® Cash Rewards Credit Card provides the same unlimited rewards as its sibling, but accepts riskier applicants thanks to its higher APR and annual fee.

EXPERT'S RATING

★★★★★
4.5

OVERALL RATING

4.5/5.0
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Earn cash rewards without signing up for rotating categories
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Monitor your credit profile with the CreditWise® app, free for everyone
  • $0 fraud liability if your card is ever lost or stolen
  • No limit to how much cash back you can earn, and cash back doesn't expire for the life of the account
  • Help strengthen your credit for the future with responsible card use
  • Get customized alerts and manage your account with the Capital One mobile app
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.74% (Variable)
$39
Average, Fair, Limited

In fact, Credit Karma reviewers of the Capital One® QuicksilverOne® Cash Rewards Credit Card card report being approved with credit scores in the mid-500s, which puts them well into the “Poor” credit range. While these users also report being given very low limits — typically around $300 — they also mention receiving regular credit limit increases with responsible card use.

Furthermore, several Capital One® QuicksilverOne® Cash Rewards Credit Card cardholders have reported being able to upgrade their Capital One® QuicksilverOne® Cash Rewards Credit Card card to an annual-fee-free Capital One® Quicksilver® Card – 0% Intro APR for 15 Months. Those most likely to qualify for an upgrade have improved their credit scores and maintained their Capital One® QuicksilverOne® Cash Rewards Credit Card accounts in good standing for at least five months.

Cardholders Enjoy Unlimited Cash Back Rewards

In the modern credit card market, a well-qualified candidate can choose from dozens upon dozens of rewards credit cards, each with its own bells and whistles. But few are as simple and straightforward as the rewards offered by the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months and Capital One® QuicksilverOne® Cash Rewards Credit Card cards.

Rather than making you remember special bonus categories or requiring you to activate — and track — rotating rewards, both cards provide simple, flat-rate 1.5% cash back rewards on every purchase. Even better, those rewards are completely unlimited, with no quarterly or annual spending caps to cut your earnings short.

To really make the most of your rewards, you can also take advantage of the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months card’s signup bonus, which offers a lump sum of cash back rewards. To become eligible for the signup bonus, simple meet the easily-attainable minimum spending requirement within your first 90 days. Unfortunately, while the Capital One® QuicksilverOne® Cash Rewards Credit Card offers the same cash back on new purchases, it doesn’t offer a signup bonus.

Alternative Card Options for Lower Credit Scores

For some consumers, poor credit scores and a rocky credit history may disqualify them from both the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months and Capital One® QuicksilverOne® Cash Rewards Credit Card cards. This can be particularly true if you have a string of negative items — or one big bankruptcy discharge — recently added to your credit reports.

In this case, your best bet may be to apply for an unsecured subprime credit card or a secured credit card. Both types of cards are designed for applicants who need to rebuild their credit scores and provide flexible credit requirements. Start your search with our expert-rated card picks below.

Fingerhut Credit Account Review

at Fingerhut'ssecure website

BAD CREDIT RATING

★★★★★
4.7

OVERALL RATING

4.0/5.0
  • Easy application! Get a credit decision in seconds.
  • Build your credit history – Fingerhut reports to all 3 major credit bureaus
  • Use your line of credit to shop thousands of items from great brands
  • Take advantage of low monthly payments if you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
See Issuers Website
$0
Poor Credit

BAD CREDIT RATING

★★★★★
4.7

OVERALL RATING

4.0/5.0
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card accepted at millions of locations worldwide
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$0
Limited, Bad
First PREMIER® Bank Mastercard® Credit Card Review

at the issuer'ssecure website

BAD CREDIT RATING

★★★★★
4.5

OVERALL RATING

4.0/5.0
  • Checking account required
  • Application response in 30 seconds
  • Know the score! Quarterly FICO score on your monthly billing statements
  • All credit types welcome to apply
  • Your First PREMIER Bank credit card activity is reported to the Consumer Reporting Agencies each month. Making your payment on time and keeping your balances low relative to the credit limit will result in positive marks on your credit report
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
See issuer website
See issuer website
Bad Credit

+See More Cards for Bad Credit

When comparing cards for rebuilding your credit, the main choice you’ll need to make is whether you want a secured credit card or an unsecured credit card. Secured credit cards will require an initial deposit to open your account, while unsecured credit cards don’t require a deposit but typically have higher rates and fees.

Although many consumers prefer unsecured credit cards due to the lack of a deposit, secured credit cards may provide the opportunity to obtain a higher credit limit, as the size of your credit limit is dictated by the amount you deposit (up to the maximum allowed by the specific card). Plus, unlike unsecured card fees, your secured card’s deposit will be returned to you when you close the account, provided the account is in good standing.

Cash In with the Capital One® Quicksilver® Card – 0% Intro APR for 15 Months

For a relatively young company, Capital One has certainly made its mark on the consumer credit world, earning its spot as one of the top 10 credit card issuers in the world. Part of how the bank has achieved its credit card success is by offering credit cards designed with the consumer in mind, providing things like blackout-free travel and unlimited cash back that truly appeal to potential cardholders.

While Capital One’s card selection can be tempting, remember that you can only have two Capital One credit cards at any given time. So, if you think you’ll want to grab up multiple Capital One cards, you’ll want to do your research ahead of time to ensure you get the best cards for your purchasing needs.

Pairing unlimited rewards with no annual fee, the Capital One® Quicksilver® Card — 0% Intro APR for 15 Months offers a solid place to start your Capital One collection. If your credit score isn’t quite ready for the card, the Capital One® QuicksilverOne® Cash Rewards Credit Card offers the same great unlimited cash back rewards while providing responsible card users with a good way to build credit.