Does Capital One Quicksilver Cashback expire?

The Capital One Quicksilver Cash Rewards never expire, allowing you to save up your points, finance large purchases, and cover a variety of needs, like travel and shopping. This rewards program makes it easy for cardmembers to earn rewards without having to keep track of various rewards categories. However, to offset the heavier rewards the Capital One Quicksilver One Cash Rewards card does carry a $39 annual fee.

Additionally, this credit card offers a simple rewards program and competitive interest rates and it is straightforward with its unlimited 1.5% Cash Back on every purchase without any category restrictions. That means everything, including travel, shopping, dining out, or even bills, you earn the same cashback rate without confusing spend multipliers, making Capital One Quicksilver One Cash Rewards card’s earnings very rewarding. 

What happens if you close your account?

If you close your account, unfortunately, you will lose any rewards you have not redeemed. Therefore, to redeem your awards, you must keep your account open and in good standing. 

If you don’t want to worry about losing your hard-earned points after a certain period, make sure to keep track of your process and keep your account open. 

What happens due to inactivity?

Your rewards are yours for the lifetime of the account! They will not expire due to inactivity unless you close the account. Though many rewards programs have policies stating cashback expires due to inactivity, this is not the case with Capital One Quicksilver as long as you keep your account open and in a good condition. 

Still, if you are concerned about losing your rewards you may dial the number at the back of your card to get more information and get clarification. 

Explore the benefits

One of the major benefits of the Capital One Quicksilver One Cash card is that every time you make a purchase, you’ll earn rewards without having a limit on the amount you can earn through the rewards program. So, you can enjoy all the benefits, without ever needing to worry about reaching a limit! Rewards points never expire as long as the account is open, so you do not need to worry about losing your points. 

With this card, you can redeem your cash back for any amount, anytime. Also, you can now pay your bills, get information on your credit with CreditWise, and view your balance and transactions from the Capital One mobile app. 

Conclusion

Capital One Quicksilver One Cash Rewards Card offers a flexible rewards policy that makes it easy for consumers to earn rewards and redeem points in any way they choose, with no expiration or cap on rewards points. Cardholders can earn 1.5% cashback on all purchases and hold onto their rewards as long as the account is open. Although the card does come with a $39 annual fee, this is outweighed by the extensive protections offered by Capital One.