If you’re looking for a student credit card that builds credit without a deposit, the Capital One Quicksilver Student Cash Rewards Credit Card is a great option. This card is the student version of the parent card – the Capital One Quicksilver Cash Rewards Credit Card – one of the most popular flat rate cash back cards on the market.
Quicksilver students can help you build credit while earning bonuses. First, a quick look at the general card details. Then, we’ll dive into what you need to know about the benefits and perks.
As a reminder, details for Capital One Quicksilver Student
- Reward rate: 1.5% cash back on all purchases; 5% discount on hotels and car rentals booked through Capital One Travel.
- Welcome Bonus: $100 after spending $100 in the first three months
- Annual fee: $0
- Conventional APR: 16.49% to 26.49% variable
Capital One Quicksilver Student Cash Rewards Card Benefits
Capital One Quicksilver Student offers many attractive student credit card benefits, including fixed cash back rewards and a generous welcome bonus. Here are the Quicksilver student card benefits we’ve selected for you:
Ongoing cash back rewards
The Quicksilver Student Card offers one of the most competitive student card cashback rates on the market. Receive 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through the Capital One Travel portal.
The 5% refund rate was recently increased this summer, and while it may not apply to students who don’t plan to travel a lot during the school year, it’s still a valuable perk in your pocket.
Multiple exchange options
You can easily redeem the rewards you earn with this card, either automatically when you earn a specified amount ($25, $50, $200, $500 or $1,500) or on a specific date you specify. There is no minimum amount to redeem cash back rewards, and you can redeem them with statement credit, mailed checks, credit from previous purchases, gift cards, or checkout payments on Amazon.com or PayPal.
First year welcome bonus
Capital One Quicksilver students offer an easy-to-earn welcome bonus. Get $100 if you spend $100 in the first three months. Considering you can get it for as little as $33 per month, this cash-back bonus offer is one of the easiest for college students to get.
No annual fee
There is no annual fee for this student ID, which means there is no annual fee for owning it – and no pressure to earn enough rewards to make up for it.
Capital One Entertainment and Food
Quicksilver Student gives you access to Capital One entertainment, which offers specials on dining, music, sporting events, comedy and theater, and more. Given the range of events and offers, you may be able to take advantage of these competitive offers.
You can also use Capital One Dining, which only allows cardholders to book award-winning restaurants and unique culinary events.
Travel and Shopping Guarantee
Extended warranty protection is available on eligible items you purchase with this card. If your card is lost or stolen, the card’s 24-hour travel assistance service will provide you with an emergency replacement and cash advance.
Fraud protection and credit monitoring tools
This card protects you from liability for unauthorized charges. You also have access to a range of credit monitoring tools, including the ability to receive alerts when any of the three credit bureaus report a change or unexpected charge on your card.
No foreign transaction fees
There are no international transaction fees when using Capital One Quicksilver Student outside the US, making it a great card for studying abroad or on vacation.
Maximize the Capital One Quicksilver Student Cash Rewards Card
To get the most out of Quicksilver Student, make sure you pay your card in full and on time each month. This card has APRs ranging from 16.49% to 26.49%, and there’s no APR introductory period, which means there’s no wiggle room for you to pay the card on time for the first few months.
What’s more, Quicksilver Student doesn’t waive late fees the first time you miss a payment (unlike some other student credit cards), so paying your bills even a day late could mean all your rewards are lost due to late fees being consumed .
You should also take a close look at all available benefits, such as Capital One entertainment and restaurant access. With so many options, there may be tickets for events you already want to attend, making it easy to save money.
Last but not least, if you have any upcoming travel (think fall, winter or spring break plans), be sure to try booking through the Capital One Travel portal to get 5% cash on nearby hotels (and rental cars) return rate.
The Capital One Quicksilver Student Cash Rewards Credit Card is a great student ID option. Its competitive flat cashback rate, no annual fee, and list of benefits set it apart from other competing student cards.
That being said, you can get more rewards with a student ID that offers higher bonuses for certain spending categories. Be sure to read our guide to the best student credit cards before making a decision.
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