Capital One QuickSilver Rewards for Students Credit Card
- Sign-Up Bonus: For a limited time, earn $100 when you spend $100 in the first 3 months.
- Rewards: Unlimited 1.5% cash back on all eligible purchases; Eligible hotel and car rental bookings earn unlimited 5% cash back when made through Capital One Travel
- Benefits: Extended warranties on eligible purchases with existing manufacturers’ warranties, complimentary travel accident coverage, access to premier culinary events and sports experiences, and free TransUnion® or Experian® credit report alerts through CreditWise
- Fees: No foreign transaction fees
- Annual Fee: $0
- Credit Limits: Low/Medium
- Credit Required: Fair
The Capital One Quicksilver Rewards for Students card is a cash-back credit card designed specially for college students. An ideal spending aid for younger folks (and lifelong learners) with fair credit, it’s appropriate for anyone attending or planning to attend a four-year institution, community college, or other qualifying higher education institution.
Quicksilver Rewards for Students boasts a flat cash-back rate — unlimited 1.5% back on every purchase, every day — and no annual or foreign transaction fees. Capital One reports card utilization and payment activity to the three major credit reporting bureaus, giving Quicksilver Rewards for Students cardholders a golden opportunity to build credit over time with responsible use and timely payments.
Quicksilver Rewards for Students has much in common with the flagship Capital One Quicksilver Cash Rewards Credit Card, which has stricter credit standards. It also shares a brand with the Capital One QuicksilverOne Rewards Credit Card, which is marketed to general audiences (not just students) with fair or average credit.
The Capital One Quicksilver Rewards for Students card has a straightforward cash back rewards program, relaxed underwriting requirements, and some other benefits worth writing home about.
Early Spend Bonus
For a limited time, earn $100 when you spend $100 in the first 3 months.
Earning Cash-Back Rewards
The Capital One Quicksilver Rewards for Students card earns 1.5% cash back on most eligible purchases, every day. Eligible hotel and car rental bookings earn unlimited 5% cash back when made through Capital One Travel. There’s no limit to how much you can earn over time.
Redeeming Cash-Back Rewards
You can redeem your accumulated cash-back rewards for:
- A general statement credit to your account balance
- A targeted statement credit applied to specific past purchases
- A paper check mailed to your address on file
- Credit for eligible purchases made with PayPal
- Gift cards offered by participating partner merchants
You can redeem in any amount and at any time.
Additional Card Benefits and Perks
The Capital One Quicksilver Rewards for Students card has some additional benefits worth noting:
- Extended warranties on eligible purchases with existing manufacturers’ warranties
- Complimentary travel accident insurance, subject to policy limits and exclusions
- A card lock feature that protects your account from fraud
- Randomly generated virtual card numbers that ensure you don’t have to give your real card number to random online merchants
- Complimentary access to Capital One Shopping, a browser plugin that can help you find a lower price when you shop online
- 24/7 complimentary concierge service when you shop, dine, or travel
- 24/7 travel assistance and emergency cash advance service if your card is lost or stolen
- Periodic free credit report alerts (for events such as an increase or decrease in your credit score) on your Experian or TransUnion credit report
These benefits may be subject to terms and limitations and are subject to change at Capital One’s discretion.
Quicksilver Rewards for Students does not charge an annual fee. There’s no fee for foreign transactions, including transactions made at overseas points of sale and online purchases made with merchants located outside the United States. See terms and conditions for information about balance transfer fees and cash advance fees.
The Capital One Quicksilver Rewards for Students card is appropriate for students and soon-to-be students with fair credit or better. It’s not suitable for students with poor credit or limited credit, nor new-to-credit students who don’t have credit scores.
This card offers modest credit lines for applicants. You may be able to apply for a credit line increase after demonstrating a record of timely payment and responsible card utilization.
The Capital One Quicksilver Rewards for Students card has some key advantages over other student credit cards and entry-level cash-back cards. They include a straightforward and relatively generous rewards program, low card fees, and relaxed underwriting.
- Solid Rate of Return on All Eligible Purchases. The Capital One Quicksilver Rewards for Students card has a simple rewards scheme: a 1.5% cash-back rewards rate on most eligible purchases, every day, with no caps on earning potential or rotating bonus categories to worry about. This isn’t the most generous cash-back program around, but it’s above-average for a student credit card.
- No Foreign Transaction Fees or Annual Fee. Quicksilver Rewards for Students doesn’t charge an annual fee or foreignt transaction fees. These are key benefits for budget-conscious students who don’t want to pay to keep the card around and who plan to study abroad or shop with international merchants while in college.
- Open to Applicants With Less-Than-Perfect Credit. Quicksilver Rewards for Students is appropriate for applicants with fair credit scores. You don’t have to have perfect (or even good) credit to apply for this card.
- Nice Lineup of Fringe Benefits. Quicksilver Rewards for Students has some choice fringe benefits, including extended warranties on eligible purchases, basic protections for travelers, and fraud protection measures like a handy card lock feature. These might not be the deciding factor in your decision to apply for this card, they certainly don’t hurt.
- Nice Early Spend Bonus (Sign-Up Bonus). Capital One Quicksilver Rewards for Students has a nice early spend bonus (also known as a sign-up bonus) for new cardholders.
Although it’s one of the best credit cards for students, the Capital One Quicksilver Rewards for Students card is not perfect. Its disadvantages include a missing early spend bonus, no 0% APR introductory promotion on purchases or balance transfers, and no bonus cash-back categories.
- No Broad Way to Earn Cash Back Above the 1.5% Rate. You can’t earn rewards any faster than this card’s flat-rate 1.5% baseline rewards rate allows, with the exception of eligible Capital One Travel purchases. That’s not a bad baseline for an entry-level student credit card, to be sure, but it’s also not up to the standards of premium cash-back credit cards that offer 5% back or more on eligible purchases.
- Not Appropriate for New-to-Credit Applicants. Quicksilver Rewards for Students does not require excellent or even good credit, but it does require some credit history. This is a drawback for applicants who don’t have any credit history to point to, including those who haven’t been able to build credit without a credit card and international students seeking a U.S.-based payment solution for the first time.
The Capital One Quicksilver Rewards for Students card is one of the better student credit cards on the market right now. With a flat cash-back rate that’s right where an entry-level card’s should be, no annual fee, and a relaxed underwriting process, it has the potential to be a real asset for many college students.
Is Quicksilver Rewards for Students perfect? Far from it. It’s not suitable for applicants with bad credit scores or no credit scores at all, which excludes many young people who haven’t had a chance to build credit as minors and most international students as well.
And its fringe benefits aren’t specially designed with students in mind, as is the case for some more innovative cards in this niche. You won’t find a free or discounted subscription to Amazon Prime Student or rewards on purchases of streaming services here, for example.
Before deciding to apply for Quicksilver Rewards for Students, make sure it’s the best fit for your needs. After all, this is a card you hope will carry you through the next four years — or however long remains on your student journey.
Capital One QuickSilver Rewards for Students Credit Card
The Capital One Quicksilver Rewards for Students card is an above-average student credit card that’s appropriate for applicants with less-than-perfect credit (although not applicants with bad credit, nor new-to-credit prospects). It’s a good choice for students seeking a reliable turn on spending and the opportunity to build credit with responsible use.