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The Capital One® QuicksilverOne® card offers a basic cashback program to applicants with fair-or-better credit scores and is one of the few credit cards that doesn’t require a Social Security number, making it a great choice for anyone who doesn’t qualify for other rewards cards. However, its benefits come at the cost of a $39 annual fee and high APR.
Quick Review
The Capital One® QuicksilverOne® card offers a simple cashback rewards program with some relatively loose approval requirements, making it well-suited to non-U.S. citizens and anyone with less-than-good credit.
You can apply for the Capital One® QuicksilverOne® card with either a Social Security number or an Individual Taxpayer Identification Number (ITIN) and only need at least a fair credit score (580 or higher) to be approved.
Given its target market, the Capital One® QuicksilverOne® card’s rewards rates stand out among the competition. You’ll earn 5% cash back on travel and 1.5% cash back on all other purchases. While competitors may offer higher rates and categorical rewards, they also ask for higher credit scores—so market-standard cash back rates for a fair credit score is a deal worth considering.
However, the Capital One® QuicksilverOne® card also comes with a $39 annual fee and 28.49% (variable) APR on purchases, balance transfers, and cash advances. Higher fees and APR are common for cards aimed at people with lower credit scores, so this comes as no surprise. On the other hand, the lack of penalty APR, balance transfer fees, or foreign transaction fees are notable perks.
If you have a good credit score, a specialized travel or dining rewards card may serve you better. But if you’re an immigrant to the U.S. or only have fair credit, the Capital One® QuicksilverOne® card is one of the best credit cards you can apply for without a Social Security number.
Capital One® QuicksilverOne® Important Details
Basic Card Details
- Credit card issuer: Capital One
- Annual fee: $39
- Regular APR: 28.49% (variable)
- Grace period: 25 days
Additional Information
- You may be considered for an increased credit limit as early as 6 months after account opening
- Get credit score monitoring for your TransUnion and Experian reports through CreditWise
- No liability for fraudulent charges made to your account
- Pay online using virtual card numbers through Eno®, Capital One’s virtual assistant
Capital One® QuicksilverOne® Feature Breakdown
In this section, we’ll go over the fees, interest rates, rewards, and other key features of the Capital One® QuicksilverOne® card.
Fees
- Annual fee: $39
- Balance transfer fee: $0
- Promotional balance transfer fee: If you are offered a promotional balance transfer APR, any balances transferred will be charged a fee of 3% of amount transferred
- Cash advance fee: $10 or 3% (whichever is greater)
- Foreign transfer fee: None
- Late payment fee: Up to $40
Note that Capital One doesn’t charge foreign transaction fees, making this a great credit card to carry abroad.
Interest Rates
- Purchase APR: 28.49% (variable)
- Balance transfer APR: 28.49% (variable)
- Cash advance APR: 28.49% (variable)
- Penalty APR: None
As mentioned, cards for borrowers with fair credit tend to have higher rates. Additionally, Capital One APR runs on the high side. Be careful about carrying a balance with this card, as interest charges could quickly add up.
Rewards
The QuicksilverOne® card lets you earn 5% cash back when you book hotel rooms and rental cars through Capital One Travel and 1.5% cash back on everything else.
Rewards can be redeemed in the following ways:
- Apply them to recent purchases
- As a statement credit or check
- In the form of gift cards
There’s no limit to the rewards you can earn and your rewards will never expire. However, you will lose any unredeemed rewards if you close your account.
Capital One Travel
Like other Capital One rewards cards, the Capital One® QuicksilverOne® card lets you book flights, hotel rooms, and car rentals through Capital One Travel. However, you’ll only earn 5% cash back when booking hotel rooms and car rentals.
Capital One will refund you if you find a better price on anything you’ve booked through Capital One travel within 24 hours of booking, including flights.
Cash Advance
With the Capital One® QuicksilverOne® card, you can take out cash advances by using your credit card at an ATM. They have a cash advance fee of $10 or 3% of the amount of the advance (whichever is greater) as well as a cash advance APR of 28.49% (variable).
Balance Transfers
You can transfer credit card balances to your Capital One® QuicksilverOne® card starting 10 days after account opening. Standard APR for balance transfers is 28.49% (variable), and no fee is applied to balances transferred unless they are subject to promotional APR. In that case, you will be charged a fee of 3% of the amount transferred.
Balances cannot be transferred to the Capital One® QuicksilverOne® card from other Capital One credit cards, including their private-label cards offered through affiliated retailers.
Grace Period
With the Capital One® QuicksilverOne® card, you won’t incur interest on balances paid off within 25 days following the end of your billing period if your previous statement was paid in full.
Other Benefits
The Capital One® QuicksilverOne® card also offers a few additional perks:
- Automatic consideration for an increased credit line in as few as 6 months with consistent on-time payments
- $0 liability for fraudulent charges made with your card
- Use extra caution when shopping online by using virtual card numbers supplied through Capital One’s virtual assistant, Eno®
Though not exclusive to cardholders, you may want to take advantage of the following services also offered by Capital One:
- CreditWise®, which monitors your TransUnion and Experian credit reports and updates you on any changes, as well as notifying you if your Social Security number or other personal information ends up on the dark web.
- Capital One Shopping, a Firefox browser extension that searches for coupon codes for you to apply at checkout.
It’s worth noting that CreditWise® checks your credit reports using soft inquiry, which means its checks don’t affect your credit scores.
Credit Reporting
Capital One reports to TransUnion, Equifax, and Experian. Payment history is a major factor in calculating your credit score, so the Capital One® QuicksilverOne® card can be very useful for building your credit with all three bureaus at once.
Application & Approval
To be approved for the Capital One® QuicksilverOne® card, you’ll need at least a fair credit score. For the FICO score, the “fair” range lies from 580-669, and for VantageScore, this range is from 601-660.
Applicants must also meet the following qualifications:
- At least 18 years old
- S. address (including Puerto Rico and U.S. military locations) that is not a correctional institution
- Monthly income exceeding monthly rent/mortgage payments by $425
- Social Security number or Individual Taxpayer Identification Number
Notably, applicants may be disqualified for the following reasons:
- Submitting 2 or more applications for Capital One credit cards in the last 30 days
- Having a past-due Capital One credit card account
- Having a Capital One credit card account charged off in the past year
- Being over your credit limit on a Capital One credit card
Once approved, Capital One will determine your credit limit based on the information in your application, including your income. After at least six months of on-time payments, your account will be considered for a credit limit increase.
Should You Get the Capital One® QuicksilverOne®?
FinanceJar verdict
The Capital One® QuicksilverOne® card is a great choice for noncitizens and anyone with fair credit who wants to earn cash back on travel and everyday spending. It’s not the fanciest rewards card, but it’s a worthwhile option for people who can’t get approved for more souped-up competitors.
Who is this card for?
- People with fair credit: Unlike most rewards cards, the Capital One® QuicksilverOne® card approves applicants with scores of at least 580. Since payments are reported to the three major credit bureaus, this card can also help you improve your credit score so you can qualify for an even better rewards card in the future.
- People with an ITIN: Since you can apply with either an SSN or ITIN, this card is a great opportunity for immigrants, international students, and other noncitizens to snag a rewards card with solid cash back rates.
- Anyone who wants a simple rewards card: The Capital One® QuicksilverOne® card’s flat 1.5% rewards rates mean you don’t need to keep track of rotating categories or plan your spending to maximize your cash back.
Comparable Cards
Here’s how the Capital One® QuicksilverOne® card fares when compared to similar cards.
