Capital One Quicksilver Cash Rewards Credit Card: Benefits for Military Members

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The card_name offers a flat 1.5% cash back on all purchases with a $0 annual fee. It also offers a 0% intro APR on purchases and balance transfers for 15 months with a reg_apr,reg_apr_type APR after that.

Rewards are easy to track and accumulate because there are no bonus or rotating categories to monitor or manage. 

While other cards may offer higher rewards, the straightforward and wide range of perks and benefits could make the Quicksilver Cash Rewards Card a great choice for you.

Overview of the Capital One Quicksilver Cash Rewards Credit Card

The card_name is a solid choice for service members who value simplicity and a good bundle of rewards during the introductory period and beyond.

You’ll enjoy a 0% intro APR on purchases and balance transfers for 15 months, 1.5% cash back on every purchase, and 5% cash back on hotels and rental cars booked through Capital One Travel.

Another attractive benefit is a $0 foreign transaction fee, which is worth noting for military members stationed outside the United States.

Service members can also earn a bonus_miles_full. Other reward cards may have higher introductory rewards but often come with annual fees and higher spending requirements.

This card also comes with several rewards that are standard for most Capital One cards, including fraud and extended warranty protection, easy ways to redeem accumulated cash-back rewards, concierge services, travel accident insurance, and more.

You’ll also need a credit score of 670 or above to qualify for approval.

»MORE: Learn more about the Capital One Quicksilver Cash Rewards Credit Card

How the Capital One Quicksilver Cash Rewards Credit Card Supports Service Members and Veterans

Service members traveling abroad can take advantage of $0 foreign transaction fees vs. many others that come with 3% fees instead. The unlimited 5% cash back perk on hotels and rental cars booked through Capital One Travel is another great benefit, especially if you travel frequently with family members to foreign locales.

You will also appreciate the simplicity of tracking rewards since there are no rotating categories requiring your attention.

Also, under the Military Lending Act, service members receive waived annual and other fees, except late fees and insufficient fund fees. In addition, the Military Annual Percentage Rate (MAPR) must not exceed 36%, and any introductory promotional interest rates must be honored.

»MORE: See the full list of Capital One Quicksilver Cash Rewards Credit Card benefits here

Benefits & Perks of the Capital One Quicksilver Cash Rewards Credit Card for Military Cardholders

• Earn a bonus_miles_full
• Earn unlimited 1.5% cash back on every purchase, every day
• Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
• $0 annual fee 
• No foreign transaction fees
• Up to 6 months of complimentary Uber One membership statement credits through November 2024
• No rotating categories or sign-ups to earn cash rewards 
• Cash back rewards 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 and balance transfers for 15 months
• 3% balance transfer fee on amounts transferred within the first 15 months
• Extended warranty protection automatically doubles the original manufacturer’s/store’s warranty on eligible purchases when you use your card to pay for a product
• 24/7 complimentary concierge service 
• A card lock feature stops transactions if your card is ever lost or stolen
• CreditWise tool allows you to monitor your VantageScore 3.0 credit score
• Get optional alerts if Capital One notices potentially fraudulent activity
• $0 fraud liability coverage if your card is lost or stolen
• Get automatic travel accident insurance for a covered loss at no extra charge when you use your credit card to purchase your fare
• Tap to pay at checkout means you do not have to hand your card over to the cashier

How to Earn and Redeem Rewards with the Capital One Quicksilver Cash Rewards Credit Card

Earning Rewards

Cardholders earn 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. There are no featured purchase categories or seasonal earnings rates, so keeping track of rewards is simple.

There are no annual earning limits or expiration dates as long as the account is open.

Service members can earn a bonus_miles_full.

Redeeming Rewards

Redeeming rewards is as simple as earning them.

Customers can request cash back at any amount, such as a check or statement credit, or service members can set up automatic redemptions at a set time each year or at a specific cash value. You can also redeem your rewards for travel through the Capital One travel website, or you can link your rewards account with Amazon to apply rewards toward Amazon purchases at a penny a piece in value.

Cardholders can also redeem rewards for gift cards at variable rates, but you’re better off buying the gift card you need instead of redeeming rewards directly.

»MORE: Compare the Capital One Quicksilver Cash Rewards Credit Card to other top rewards cards here

Capital One Quicksilver Cash Rewards Credit Card Credit Limit

The card_name credit limit depends on income, creditworthiness, payment history, and other factors when you apply for the card. Most approved applicants get a credit limit ranging from as low as $1000 to as high as $10,000.

Annual Fees and Rates for the Capital One Quicksilver Cash Rewards Credit Card

• 0% introductory APR on purchases for 15 months
• 0% introductory on balance transfers for 15 months
• Regular APR is reg_apr,reg_apr_type
• $0 annual fee
• 3% balance transfer fee
• 3% cash advance fee, but not less than $3
• $0 foreign purchase transaction fee
• Late payment fee of up to $40

How to Get Approved for the Capital One Quicksilver Cash Rewards Credit Card

The card_name typically requires a credit score of 670 or above to qualify for approval.

Your credit score is important but only one of the factors for approval. Capital One will examine your income, debts, number of open accounts, employment status, housing status, payment history, and other factors as part of an overall approval process.

If you’re strong in some of these other areas, you may be able to qualify with a slightly lower credit score in some cases.

»MORE: See how the Capital One Quicksilver Cash Rewards Credit Card stacks up against other top cards

How Does the Capital One Quicksilver Cash Rewards Credit Card Compare With Other Cards for Military Members?

This is how the card_name compares to other similar cards.

Conclusion: Is the Capital One Quicksilver Cash Rewards Card Right for You?

If you’re looking for simplicity in tracking your rewards, low costs, and other solid perks, the card_name may be a good choice for you.

First-year offers that include an easy-to-attain welcome bonus, 0% intro APR on purchases and balance transfers for 15 months, and no foreign transaction fees are good reasons for service members to consider adding this card to their credit portfolio.

Pros

• No spending category enrollment
• No cash-back rewards limits
• No foreign transaction fee
• Low spending requirement to earn intro bonus
• Good travel and shopping protections
• Easy application process

Cons

• 3% balance transfer fee
• High APR after intro period
• 670 FICO score needed for approval
• Other cards may have better bundles of perks and benefits

»Next Step: Learn how to apply for the Capital One Quicksilver Cash Rewards Credit Card

_{Veteran.com has partnered with CardRatings for our coverage of credit card products. Veteran.com and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on Veteran.com are from advertisers. Compensation may impact how and where card products appear, but does not affect our editors’ opinions or evaluations. Veteran.com does not include all card companies or all available card offers.}