The Capital One Quicksilver Student Cash Rewards Credit Card offers a simplified cash back program designed specifically for students looking to build credit while earning rewards on every purchase.
This card combines the ease of a flat-rate cash back program with features tailored to assist students in managing their finances effectively.
$0
1.5%-10%
$50
630-689 (Fair)
CreditFinder’s Rating: 4.6/5
Key Features of the Capital One Quicksilver Student Cash Rewards Credit Card
1. Rewards Program:
The Quicksilver Student Card allows students to earn an uncomplicated 1.5% cash back on all purchases without worrying about rotating categories or spending caps. Additionally, it offers enhanced cash back rates in categories particularly relevant to students, including 5% back on hotels and rental cars booked through Capital One Travel, and a remarkable 10% back on Uber & Uber Eats purchases through November 14, 2024.
2. Welcome Bonus:
New cardholders can earn a $50 bonus after spending just $100 within the first three months of account opening. This low spending threshold makes the welcome offer highly accessible for students who may not have high monthly expenses.
3. APR and Fees:
The card comes with a variable APR range of 19.99% to 29.99%, which is typical for student credit cards. Importantly, there is no annual fee, making it a cost-effective option for students. It also does not charge foreign transaction fees, which is an excellent benefit for students studying abroad or traveling internationally.
4. Credit Building Tools:
Capital One provides several tools to help students build their credit responsibly. This includes CreditWise®, a free service that allows all users to monitor their credit score. Additionally, students are automatically considered for a credit line increase after six months of responsible card usage, which can help improve their credit utilization ratio, a key component of the credit score.
Pros and Cons of the Quicksilver Student Card
Pros:
- A flat 1.5% cash back on all purchases simplifies earning rewards.
- No annual fee and no foreign transaction fees enhance its affordability.
- Potential credit line increase after six months encourages and rewards responsible credit use.
Cons:
- Higher APR range can be costly if balances are carried month to month.
- Limited additional perks compared to some other student credit cards.
Comparison with Other Student Cards
When compared to other student credit cards, the Quicksilver Student stands out for its flat-rate cash back program and the absence of an annual fee. While some cards may offer higher cash back rates in specific categories, they often come with more complex requirements or higher fees. The simplicity and broad reward structure of the Quicksilver Student make it an attractive option for students who value ease of use and consistent rewards across all spending.
Is the Capital One Quicksilver Student Cash Rewards Card Worth It?
For students who prefer a straightforward rewards program without the hassle of tracking spending categories, the Capital One Quicksilver Student Cash Rewards Card is an excellent choice. Its combination of a competitive cash back rate, no annual fee, and helpful credit-building tools provide substantial value, making it a compelling option for students starting their financial journey.
Overall, the Capital One Quicksilver Student Cash Rewards Card offers a balanced mix of features that can help students manage their finances while earning rewards on their everyday spending.
