For our example American household, that equates to an additional $132.05 in rewards annually vs. The Citi® Double Cash Card is a Forbes Advisor favorite because it offers 2% cash back on all purchases with $0 annual fee (you get 1% when you buy and 1% when you pay for those purchases). Capital One Quicksilver Cash Rewards Credit Card vs. It has a similar 0% introductory APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.74% - 24.49% applies. It also earns 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% cash back on eligible dining and drugstores and 1.5% on all other purchases, so earnings will add up more quickly with this card. The Freedom Unlimited offers a welcome bonus: a 1.5% cash back bonus on everything bought in the first year as a cardholder on up to $20,000 in spending - that's worth up to $300 cash back in the first year. However, customers who also hold other Chase cards like the Chase Sapphire Preferred® Card or Ink Business Preferred® Credit Card have the flexibility to redeem points toward travel purchases or transfer to travel partners for outsized value. The Chase Freedom Unlimited® is another credit card with a $0 annual fee offering cardholders at least 1.5 points per dollar, which are redeemable as 1.5% cash back. However, several cards offer similar (or better) rewards potential.
#CAPITAL ONE QUICKSILVER VISA OR MASTERCARD FULL#
Since Capital One doesn’t charge an annual fee, the full amount reflects net earnings.Īt first glance, this card looks like a solid contender for fee-averse customers who value simplicity.
With 1.5% cash back on all purchases, this household would earn $396.15 in rewards per year, in addition to the first-year welcome bonus. To determine the rewards potential of the Capital One Quicksilver card, you’ll need to look at your expected credit card spend on all purchases.Īn example American household earning in the 70th percentile brings in $100,172 annually and has $26,410 in potential credit card expenses. Like the Amazon option, you’d be better off buying the gift card you need instead of redeeming rewards directly. The extra step will earn you more rewards in the long run.Ĭardholders can also redeem rewards for gift cards at variable rates. While this option is convenient, you’re better off charging the purchase to your card (earning 1.5% cash back) and separately requesting a statement credit afterward. You can also link your rewards account with to apply rewards towards Amazon purchases at a penny a piece in value. You can also redeem your rewards for travel through If you want to set it and forget it, this is a card for you. Cardholders also have the option of setting up automatic redemptions, beginning with a $25 minimum cashout. Customers can request cash back at any amount, redeemable as a check or statement credit. The Capital One Quicksilver card maintains its simplicity with redeeming rewards, too. That’s a relatively low minimum spending requirement to receive a welcome bonus compared to other cards on the market.
New cardholders will have the opportunity to earn a bonus: $200 cash bonus after spending $500 on purchases within 3 months from account opening. There are no annual earning limits and no expiration dates as long as the account is open. For simplicity, there are no featured purchase categories or seasonal earnings rates to keep track of. These are nice extras, but nearly all cards that are direct competitors offer similar perks and features.Ĭardholders earn a steady 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. If you become a cardholder, check the cardholder agreement for your specific benefits. Some versions of this card also offer a few benefits including extended warranties and travel accident insurance. The Quicksilver card has a $0 annual fee and no foreign transaction fees, making it a good choice for almost any purchase.
However, the card might still make sense for minimalists who only want one or two cards in their wallet. You’ll earn 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel during the intro period and beyond, which is a fine, but not exactly noteworthy, earnings rate. The intro APR is where this card truly shines. You’ll earn cash back on your spending since the card offers 1.5% in cash-back rewards on all purchases with no limits, expiration dates, or restrictions. This is a winning combination for those that may be planning to finance a purchase for an extended period of time after becoming a new cardholder.
The Capital One Quicksilver provides both. If you can’t decide between a card offering a welcome bonus or an introductory 0% APR, look no further.
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