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Capital One Quicksilver Cash Rewards Credit Card: Earn $200 Cash Bonus with Expired

$500 Spent
within 3 Months of Account Opening
+402 Deal Score
1,186,946 Views
Update: This popular deal is still available.

Capital One is offering a $200 cash bonus after you spend $500 on purchases in the first 3 months of account opening with the Capital One Quicksilver Cash Rewards Credit Card. Annual fee is $0.

Thanks to staff member Bri21 for finding this deal.

  • Earn a one-time $200 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
  • $0 annual fee and no foreign transaction fees
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • 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 and balance transfers for 15 months; 19.24%-29.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months



Slickdeals may be compensated by Capital One.

Original Post

Written by
Edited January 31, 2023 at 01:25 PM by
Capital One is offering a $200 cash bonus after you spend $500 on purchases in the first 3 months of account opening with the Capital One Quicksilver Cash Rewards Credit Card. Annual fee is $0.

  • Earn a one-time $200 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
  • $0 annual fee and no foreign transaction fees
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • 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 and balance transfers for 15 months; 19.24%-29.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months


Slickdeals may be compensated by Capital One.
Created 02-03-2021 at 10:08 AM by Bri21
If you take advantage of an offer on our site, Slickdeals may receive a commission.
Deal
Score
+402
1,186,946 Views
$500 Spent
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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I have 805 fico and they decline my Application for Venture credit card and wasted 1 credit check. I won't be applying any Capital one credit card anytime soon.
Call the reconsideration line, could be an error on the app or a typo. Happened to me before
Keep in mind that you'll also get a hard pull from all 3 bureaus anytime you apply for a Capital One credit card.

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Joined Sep 2014
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> bubble2 1,702 Posts
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IK47
04-15-2021 at 08:26 AM.
04-15-2021 at 08:26 AM.
I was qualified via pre approval site. I do have checking account and car loan with them for 2 years. Same day applied for CITI card got denied based on 658 score but credit carma according to their letter and experian are showing 723 / 708. 1K Limit but ill take it for free $200.
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Joined Feb 2015
I'm better with MiLK
> bubble2 1,202 Posts
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Ore0
04-17-2021 at 03:37 AM.
04-17-2021 at 03:37 AM.
cookie says dont trust these thieves
1
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Joined Nov 2006
L10: Grand Master
> bubble2 7,445 Posts
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KMan
04-17-2021 at 03:53 AM.
04-17-2021 at 03:53 AM.
Wasn't Cap1 once the go-to card for people with bad credit trying to rebuild it, with high APR and monthly fees? It's not anymore?

I'm asking because with all the high-score folks here getting denied for this card, I'm wondering if maybe they prefer people with marginal credit who are likely to carry balances and pay their crazy 25% usury APR for years on end, who are probably their main source of profit. If you have great credit, you're likely to pay off your balances each month and they'll make nothing off of you except maybe merchant fees.

In any case, I just "pre-applied" on their pre-approval page, and was pre-approved for this and several other cards, including this one but without the $200 bonus. How likely am I to actually be approved for it if I apply for real? I currently have one of their other cards, a MC one, with a $5 monthly fee, and am looking to switch to this or a similar one to avoid the fees. Do they give preference to existing longtime customers who've paid on time since getting their card?
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Last edited by KMan April 17, 2021 at 03:57 AM.
Joined Jun 2010
L6: Expert
> bubble2 1,642 Posts
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HansGruber
04-17-2021 at 04:21 AM.
04-17-2021 at 04:21 AM.
Quote from KMan :
Wasn't Cap1 once the go-to card for people with bad credit trying to rebuild it, with high APR and monthly fees? It's not anymore?

I'm asking because with all the high-score folks here getting denied for this card, I'm wondering if maybe they prefer people with marginal credit who are likely to carry balances and pay their crazy 25% usury APR for years on end, who are probably their main source of profit. If you have great credit, you're likely to pay off your balances each month and they'll make nothing off of you except maybe merchant fees.

In any case, I just "pre-applied" on their pre-approval page, and was pre-approved for this and several other cards, including this one but without the $200 bonus. How likely am I to actually be approved for it if I apply for real? I currently have one of their other cards, a MC one, with a $5 monthly fee, and am looking to switch to this or a similar one to avoid the fees. Do they give preference to existing longtime customers who've paid on time since getting their card?
You are more likely to get approved for a capital one card if you already have a capital one card. You shouldn't waste your time with this pre-approval stuff. Just apply for the card with the $200 signup bonus. If they deny you outright. Ask them to convert your existing capital one account to the Quicksilver card.

People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.

In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.
Reply
Joined Nov 2006
L10: Grand Master
> bubble2 7,445 Posts
892 Reputation
KMan
04-17-2021 at 05:15 AM.
04-17-2021 at 05:15 AM.
Quote from HansGruber :
You are more likely to get approved for a capital one card if you already have a capital one card. You shouldn't waste your time with this pre-approval stuff. Just apply for the card with the $200 signup bonus. If they deny you outright. Ask them to convert your existing capital one account to the Quicksilver card.

People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.

In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.
If so shouldn't I just call CS and ask them to convert me to this card with the $200 bonus and be done with it, or is it best done by first applying for it and if approved then closing the first card (which has zero balance)? I got the older card over 20 years ago when my credit was so-so and it was the best that I could do, and used it to improve my score. Never missed a payment. But it's long since served its purpose and it's time to move on. I'm at nearly 800 now and will probably pass it soon as I pay everything off.

OTOH, they're not likely to make much if anything off me, and by seeing my recent spending and paying off balances history, they probably know it.
Reply
Last edited by KMan April 17, 2021 at 05:18 AM.
Joined Jun 2010
L6: Expert
> bubble2 1,642 Posts
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HansGruber
04-17-2021 at 06:36 AM.
04-17-2021 at 06:36 AM.
Quote from KMan :
If so shouldn't I just call CS and ask them to convert me to this card with the $200 bonus and be done with it, or is it best done by first applying for it and if approved then closing the first card (which has zero balance)? I got the older card over 20 years ago when my credit was so-so and it was the best that I could do, and used it to improve my score. Never missed a payment. But it's long since served its purpose and it's time to move on. I'm at nearly 800 now and will probably pass it soon as I pay everything off.

OTOH, they're not likely to make much if anything off me, and by seeing my recent spending and paying off balances history, they probably know it.
You should simply apply for it. When they give free money, the last thing you want to do is talk with customer service. That is a retention thing and you are simply applying for the card to avoid confusion and giving them a reason to remove the $200 sign-up bonus. Obviously you would be closing your other capital one card. The way you explain it to customer service once your Quicksilver is active and in your wallet. You want to consolidate your credit line into one card and the Quicksilver card serves your lifestyle better than the previous card.
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Joined Nov 2006
L10: Grand Master
> bubble2 7,445 Posts
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KMan
04-17-2021 at 08:19 AM.
04-17-2021 at 08:19 AM.
Quote from HansGruber :
You should simply apply for it. When they give free money, the last thing you want to do is talk with customer service. That is a retention thing and you are simply applying for the card to avoid confusion and giving them a reason to remove the $200 sign-up bonus. Obviously you would be closing your other capital one card. The way you explain it to customer service once your Quicksilver is active and in your wallet. You want to consolidate your credit line into one card and the Quicksilver card serves your lifestyle better than the previous card.
But if CS approves me for the switch to the new card but doesn't offer the $200, can't I just say never mind, I'll keep the old card, or better yet, I'd like to cancel it entirely and get a different bank's card? Since I'm going to be speaking to CS eventually to close the old card, I thought it would be easier to do it all in one call, if possible.

Btw, if I do get the new card, would closing the old card adversely affect my credit? As I wrote it has a zero balance now. What about closing it without getting the new card, would that be bad for my credit? Either way I want to avoid paying the $5 monthly fee. If closing out all my Cap1 cards would hurt my credit, I guess I could always switch to the new card w/o fees even if I don't get the $200, and then rarely use it.
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Joined Jun 2010
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HansGruber
04-17-2021 at 10:07 PM.

Our community has rated this post as helpful. If you agree, why not thank HansGruber

04-17-2021 at 10:07 PM.
Quote from KMan :
But if CS approves me for the switch to the new card but doesn't offer the $200, can't I just say never mind, I'll keep the old card, or better yet, I'd like to cancel it entirely and get a different bank's card? Since I'm going to be speaking to CS eventually to close the old card, I thought it would be easier to do it all in one call, if possible.

Btw, if I do get the new card, would closing the old card adversely affect my credit? As I wrote it has a zero balance now. What about closing it without getting the new card, would that be bad for my credit? Either way I want to avoid paying the $5 monthly fee. If closing out all my Cap1 cards would hurt my credit, I guess I could always switch to the new card w/o fees even if I don't get the $200, and then rarely use it.
If you have had a Capital One card for 20 years. You probably want to keep a card with them. Length of your oldest account is important for your credit rating. It's your call.
2
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Joined Feb 2008
L3: Novice
> bubble2 281 Posts
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AtTheGates911
04-19-2021 at 07:46 AM.
04-19-2021 at 07:46 AM.
Quote from HansGruber :
You are more likely to get approved for a capital one card if you already have a capital one card. You shouldn't waste your time with this pre-approval stuff. Just apply for the card with the $200 signup bonus. If they deny you outright. Ask them to convert your existing capital one account to the Quicksilver card.

People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.

In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.
I have an 800+ credit score and I apply for cards virtually every couple months, sometimes more often if there are decent sign-up bonuses. Don't think I've paid for air travel in at least 10 years.


Capital one has odd ways of managing their cards. They were my first card when I was 18, and I received one with a limit of 500 dollars and an astronomical APR.

My earning potential has substantially increased (I'm a physician now, FFS), and I've reported to them and even so far as called in to ask for a credit limit increase. And they refused, saying "Our system automatically does it."

Chucked their card in a drawer and never used it again. It finally got cancelled last year for non-use. 100% not worth the hassle of dealing with a company like Capital One when there are arguably better cash back cards.
1
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Joined Feb 2015
I'm better with MiLK
> bubble2 1,202 Posts
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Ore0
04-22-2021 at 10:23 PM.
04-22-2021 at 10:23 PM.
We can dance, if you want to
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Joined May 2019
L4: Apprentice
> bubble2 334 Posts
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Chinonoco
04-23-2021 at 01:17 PM.
04-23-2021 at 01:17 PM.
Quote from Ore0 :
We can dance, if you want to

And I can act like an imbecile
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Joined Jan 2018
L2: Beginner
> bubble2 39 Posts
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CriminallyInsaneHere
04-26-2021 at 06:03 PM.
04-26-2021 at 06:03 PM.
Quote from cambehjani :
Does this card come with capital one Eno for access to virtual credit cards?

Yes, at least mine does, but, on the other hand, i didn't have any $200/$250 incentive to apply. Cashback is decent too
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Joined Jan 2018
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> bubble2 39 Posts
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CriminallyInsaneHere
04-26-2021 at 06:14 PM.
04-26-2021 at 06:14 PM.
Quote from HansGruber :
You are more likely to get approved for a capital one card if you already have a capital one card. You shouldn't waste your time with this pre-approval stuff. Just apply for the card with the $200 signup bonus. If they deny you outright. Ask them to convert your existing capital one account to the Quicksilver card.

People who work the FICO scoring system that have a 800+ credit score do not go around applying for credit cards. If they did they wouldn't have a high credit score. I think 720 is the number that will guarantee you are approved. If you have an existing relationship with capital one, your approval odds are much higher.

In your case. I would apply for the Quicksilver card. If they approve you. Convert your credit line from your existing account to the Quicksilver card. That way you will not have $5 monthly fee and you will have a higher line of credit but on one credit card account.

I have the Quicksilver card. I didn't get offered any bonus. Don't know what determines if you are offered the bonus or not. I think higher credit scores get the bonus, as many in the 700 plus credit score can get approved at other sources, with potentially better offers. 720 may guarantee this card, but not required. My score was 619 when i was approved. I have a few negatives that were still lingering on my credit report, but a solid history of paying my other cards, loans, and store cards on time for over 5 years now. As it seems to be a well kept secret who will get approved, all you can do is try. But, nothing worse then getting a supposedly pre approved offer, then authorized a hard pull, just to be denied.
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Joined Aug 2019
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AmusedSnow576
04-27-2021 at 12:24 AM.
04-27-2021 at 12:24 AM.
Quote from slkmaster2000 :
Outside of the bonus, why would anyone use this over a 2% card?

Who's offering 2% cash back?
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Joined Jun 2016
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np1050
04-27-2021 at 05:23 AM.
04-27-2021 at 05:23 AM.
Quote from AmusedSnow576 :
Who's offering 2% cash back?

Citi double cash, PayPal mastercard, fidelity, sofi money, probably others
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