Capital One Quicksilver Student Cash Rewards Credit Card Review


Top perks

You get several valuable benefits with this Capital One credit card, including purchase rewards and complimentary purchase protections.

Unlimited 1.5% cash back

This card earns a flat rate of 1.5% cash back on every purchase, from ordering food deliveries to buying textbooks. Compared to other cash back credit cards, 1.5% is a competitive rate. There are no bonus categories where this Capital One card earns extra cash back, but you’ll earn a reasonable amount on all your spending.

No annual fee

The Capital One Quicksilver Student Cash Rewards Credit Card doesn’t charge an annual fee. No annual fee credit cards like this are usually the better choice for students since money can be tight. Another benefit of a no annual fee card is that you can keep it open free of charge after you leave college. That will continue to build your credit history, which is good for your credit score.

Automatic consideration for a higher credit line

Capital One automatically considers you for a credit line increase in as little as six months. Although you can ask to increase your credit limit on your own, it’s nice that Capital One does it for you. If you’re approved, you’ll have more spending power. Keep in mind that approval isn’t guaranteed and will depend on a variety of factors, including whether you’ve paid your credit card bill on time.

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A higher credit limit is helpful because it can lower your credit utilization ratio, which is a big part of your credit score. Just don’t take it as a reason to spend more because that could lead to credit card debt.

No foreign transaction fee

You won’t pay any foreign transaction fees on purchases made outside the country. If you plan to go overseas on vacation or join a study abroad program, then this Capital One credit card is a good choice.

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