If you’re looking for a student credit card that can help you boost your credit without requiring a security deposit, the Capital One Quicksilver Student Cash Rewards Credit Card is a solid choice. This card is a student version of the mother card – the Capital One Quicksilver Cash Rewards credit card – which is one of the most popular flat rate cashback cards.
The Quicksilver Student can help you rack up credits while earning rewards at the same time. First, here’s a quick overview of the general map details. Next, we’ll dive into the pros and cons you need to know about.
Reminder: Capital One Quicksilver Student Details
- Reward rate: 1.5% cash back on all purchases; 5% discount on hotels and rental cars booked through Capital One Travel.
- welcome bonus: $100 when you spend $100 in the first three months
- Annual subscription: $0
- Regular APR: 16.49% to 26.49% variable
Benefits of the Capital One Quicksilver Student Cash Rewards Card
The Capital One Quicksilver Student offers a number of attractive benefits for a student credit card, including flat-rate cash back and a solid welcome bonus. Here are the Quicksilver Student Card benefits we’ve chosen to focus on:
Ongoing cash back rewards
The Quicksilver Student Card offers one of the most competitive cash back rates for student cards. You’ll earn 1.5% cash back on every purchase, plus 5% back on hotels and rental cars booked through the Capital One Travel portal.
The 5% return rate was recently added this summer, and while it’s not applicable to students who don’t plan to travel a lot while studying, it’s still a valuable perk to have in your back pocket.
Variety of redemption options
You can easily redeem the rewards you earn on this card, either automatically when you earn a certain amount ($25, $50, $200, $500, or $1,500) or on certain dates you decide. There is no minimum amount to redeem your cash back rewards, and you can redeem them in the form of a statement credit, mailed check, credit on a previous purchase, card -gift or cash at checkout on Amazon.com or PayPal.
First year welcome bonus
Capital One Quicksilver student offers an easy to earn welcome bonus. You will receive $100 when you spend $100 in the first three months. Considering you only have to spend $33 per month to earn this reward, this cash back offer is one of the most accessible for students.
No annual fee
This student card doesn’t charge an annual fee, meaning there’s no annual cost to owning it — and no pressure to earn enough rewards to make up for it.
Capital One Entertainment and Dining
With the Quicksilver Student, you get access to Capital One Entertainment, which offers special rates on dining, music, sporting events, comedy and theater and more. Considering the range of events and offers, you are likely to be able to take advantage of these competitive offers.
You’ll also have access to Capital One Dining, which grants cardholder-only reservations at award-winning restaurants and unique culinary events.
Travel and purchase protections
You will receive extended warranty protection on eligible items you purchase with this card. The card’s 24-hour travel assistance services will provide you with an emergency replacement card and cash advance in the event your card is lost or stolen.
Fraud protection and credit monitoring tools
This card protects you from liability for unauthorized charges. You’ll also have access to a number of credit monitoring tools, including the ability to receive alerts when any of the three credit bureaus report unexpected changes or charges on your card.
No foreign transaction fees
You won’t incur foreign transaction fees when using the Capital One Quicksilver Student outside the United States, making it a great card for studying abroad or vacationing.
Maximize the Capital One Quicksilver Student Cash Rewards Card
To get the most out of Quicksilver Student, you need to make sure you pay your card in full and on time each month. This card has a variable APR between 16.49% and 26.49% and does not offer an introductory APR period, which means that you will have no leeway to pay your card on time during the first few days. month.
Plus, Quicksilver Student won’t waive its late fee the first time you miss a payment (unlike some other student credit cards), so paying your bill even a day late can mean all your rewards will be gobbled up. by late fees.
You’ll also want to be sure to take a closer look at all the perks available, such as access to Capital One entertainment and restaurants. Given the wide selection, there may be tickets to events you already plan to attend, meaning you’ll easily save some cash.
Finally, if you have any trips coming up (think: fall, winter, or spring break plans), be sure to try and take advantage of booking through the Capital One Travel portal in order to hit that rate. 5% cash back on hotels (and car rentals).
The bottom line
The Capital One Quicksilver Student Cash Rewards Credit Card is a great option for a student card. Its competitive fixed cashback rate, no annual fee and list of benefits set it apart from other competing student cards.
That being said, you can earn more rewards with a student card that offers higher bonuses for specific spending categories. Be sure to check out our guide to the best student credit cards before making a decision.