Because the Quicksilver card gives you 1.5% cash back no matter what you’re purchasing, there’s no need to keep track of rewards categories or worry about whether you’ll earn a bonus with your spending. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. That said, the Capital One QuicksilverOne Cash Rewards Credit Card charges an annual fee of $39 and does not offer a sign-up bonus. Jane Rosenstein April 10, 2020 In : Business. I've always hated those 5% "on certain categories" cards. I have 10 credit cards and keep a handful in my wallet: Chase Sapphire Preferred: 2x on travel/dining and excellent when transferred for travel, Chase Freedom: for appropriate bonus categories, Capital One Venture: 2x on everything and easy to use purchase eraser ($400 sign up bonus, will downgrade to Quicksilver before the AF hits). Edit: Plus, many seemingly simple cashback programs have cutoffs after which the rate drops or disappears altogether... And they may have much higher interest rates, meaning even one emergency can wipe out every penny of cash you've ever gotten back. As a Capital One customer, you’ll have access to more than 39,000 Capital One and Allpoint ATMs throughout the country. Capital One Quicksilver vs Capital One Venture The Capital One Quicksilver and QuicksilverOne cards both offer unlimited 1.5 percent cash back. One major advantage the Capital One VentureOne Rewards Credit Card has over the Capital One Venture Rewards Credit Card is its introductory APR period: 0% intro APR on … The Capital One Platinum Credit Card and Capital One QuicksilverOne Cash Rewards Credit Card are two bare-bones, yet serviceable cards that provide a welcome mat for cards beginners and security for credit-builders. ... Capital One Quicksilver vs Deserve Pro Platinum. http://www.nerdwallet.com/card-details/card-name/Citibank-Double-Cash-Card. Capital One Quicksilver vs … The best Capital One credit cards deliver leading perks, such as big travel sign-up bonuses, unlimited cash back, and long 0% intro APR offers. The Capital One Quicksilver and the Discover it have the same redemption value, but the sign-up bonus for the Capital One Quicksilver is worth more. Our content is not intended to provide legal, investment or financial advice or to indicate that a particular Capital One product or service is available or right for you. This card is aimed at people with “average” credit, as the card issuer describes it — yet the Capital One® QuicksilverOne® Cash Rewards Credit Card offers a decent cash back rate, making it worth considering if you want to get rewarded while building your credit. However, the Capital One Platinum Credit Card is well within your reach. I use the sallie mae rewards card. Same goes for the Savor One … Privacy Policy. Learn more about stimulus checks and Capital One's response to COVID-19. Reasonable efforts are made The Discover it® Cash Back lets you earn a generous cashback rate on rotating categories each quarter, while the Capital One® Quicksilver® Cash Rewards Credit Card lets … See related: What to look for in a credit card. CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. to maintain accurate information. That's a much lower minimum spending limit compared to what some other cash back cards require for their bonuses. Check out your way . Platinum card from American Express: Which card is best?, American Express Gold Card vs. Press question mark to learn the rest of the keyboard shortcuts. Keep an eye on your inbox—we’ll be sending over your first message soon. For example, if you charge around $300 a month, you’ll earn roughly $54 over the course of the year. Capital One Quicksilver Cash Rewards Credit Card, Capital One QuicksilverOne Cash Rewards Credit Card. Capital one has had serious problems in the past. Capital One created a great cash back offer with the Capital One Quicksilver Cash Rewards Credit Card. The Cash Wise has a foreign transaction fees of 3%. One click is all it takes to save with Capital One Shopping. But, I had the CapitalOne Platinum with 1.5% cash back (well, 1%, plus a 0.5% annual bonus on all spending... perfect for Christmas). Cash advances are convenient, but it's important to understand how they work before requesting one. Card Comparisons Forgot your PIN? Quicksilver clearly has the advantage across the board in this category. Unlike some competitors, it doesn’t charge an annual fee, nor does it charge a penalty rate. Or would you rather stick to a simple, plain vanilla card you can use to improve your credit with responsible use? I ran the numbers a while back, and I still end up with more cash back from their 1.5% on everything than the 5% on certain categories cards I've seen, especially the ones with rotating categories. Capital One Quicksilver vs Discover it Chrome for Students . The only caveat: In addition to a higher minimum APR, it charges a $39 annual fee – which can significantly cut into your overall earnings. That being said, the starting credit limit was very low, and Capital One seems generally stingy about credit line increases. Quicksilver, on the other hand, starts you off with 0% for 15 months on purchases. You can get a lot of the Platinum benefits temporarily by paying a reduced fee for them (like lounge access). I am a bot, and this action was performed automatically. Some 'miles' or 'points' can have greater than 1.5 (or even 2%) value when redeemed or transferred in certain situations. By providing my email address, I agree to CreditCards.com’s The Quicksilver One has an annual fee that is a "low score penalty" but the Venture One and Savor One are the free cards of their pairings. Privacy Policy, Essential news and expert tips in your inbox every week. But if you’re trying to build credit or just want a plain, no-frills card, the Platinum card has some appealing features. We've highlighted top reasons why you'd want to use the Quicksilver card: 1. Pro: Allows cardholders to re-build credit. Capital One Platinum Vs. Capital One Quicksilver spending example. The Capital One Journey is supposed to be a starter credit card for students. Category Winner: Quicksilver. With responsible use, either card could be a great credit-building tool. But which card is best depends on how much you travel. You can request a new one. My credit score bounces between 785 and 795. I'm 30, carry no revolving credit, but put everything I can on my card and then pay it off twice a month. However, if I bought a lot more crap I don't need, then I could see the 5% on certain categories working out in my favor. I can see why Quicksilver, Double Cash, Fidelity Amex, and other straightforward cash back cards appeal to people if they just want a no nonsense card, but I'd much rather have more valuable points for travel. Capital One QuicksilverOne. However, all credit card information is presented without warranty. The initial promotion can be an excellent feature for cardholders who want to pay down a balance from another credit card or finance a big-ticket item interest-free. But there are subtle differences when it comes to how you can use them and the credit-building opportunities they offer. Now my card is a Quicksilver with 1.5% cash back. Platinum card from American Express: Which card is best? Both cards offer 1.5% cash back on purchases, no foreign transaction fees, fraud protection and security alerts and neither has restrictions on eligible purchases. Capital One® QuicksilverOne® Cash Rewards Credit Card cardholders enjoy the 1.5% cash back rewards, but they also receive the interest free financing offer that the Platinum card lacks. Quicksilver is of course one of the best. It all depends on who you are and how you use the cards. Although its offerings are more modest, it's still a cut above its competitors. I like it, and it works for me. The Verdict: The Capital One Quicksilver Cash Rewards Credit Card and Capital One QuicksilverOne Cash Rewards Credit Card cards are two versions of the same offer, but they target different types of consumers. Unlimited 1.5% cash back: Unlike other cash back cards that require you to sign up for bonus categories, the Quicksilver card pays a flat 1.5% cash back on every dollar you spend. It started as a platinum card right after bk 2 years ago and then the upgrade to quicksilver 5 months later. If your credit score isn’t high enough to qualify for a Quicksilver card, but you’d like to earn cash back with your spending, you may want to consider the Capital One QuicksilverOne Cash Rewards Credit Card. I had it as my very first credit card with no credit history as well and had no problems getting accepted. We … ... Random $1,000 CLI From Capital One. If you're not a big spender or big traveler most of the oft mentioned cash back cards are your best bet. Maybe I'm about to expose my ignorance. Read on to find out if it's worth having. CAPITAL ONE SAVOR VS. QUICKSILVER: INTEREST RATES. I have a Cap One Quicksilver Mastercard at 6K limit. People who travel a lot get a lot of perks from using airline mile cards, and as such using those over straight cash back card makes a lot of sense. Especially since I can funnel most of my monthly bills through my card. Pros and Cons Capital One Platinum Credit Card. Set up personalized email or text reminders to help you stay on top of your account. Capital One QuicksilverOne and American Express Platinum Card Comparision Review The Capital One QuicksilverOne has a higher redemption value, but the sign-up bonus for the American Express Platinum Card is worth more. Security Features Capital One Quicksilver Cash Rewards Credit Card customers will receive the traditional protections that all Capital One credit cardholders currently enjoy. So if you run into a stretch of bad luck and repeatedly miss payments, you won’t be surprised with a higher interest rate than you were expecting. That said, since the Platinum card is designed for cardholders who have average credit, its finance charges are steep. annual fee on the Capital One Quicksilver Cash Rewards Credit Card. Know the cost. If you don't mind signing up for 5% categories, spending on certain things with certain cards and doing all the legwork cash rewards can be extracted at rates above 1.5 (or even 2) percent but that is an individual preference. When you click on The capital one quicksilver card is a popular credit card. According to the U.S. Bureau of Labor Statistics, the average household expenditure was just over $61,000 in 2018. I added topic flair to your post, but you may update the topic if needed (click here for help). wallmart and target count as grocery stores, amazon counts as a bookstore. Both cards lack annual fees and foreign transaction fees. This is almost the only card I use now. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs. If your credit is excellent, the Quicksilver card is a great low-maintenance cash back card to use for everyday spending. Capital One Platinum vs. Citi has a 2% (1% on purchase 1% on payment) cash back card. Easy quicksilver tbh. My goal for my quicksilver mastercard card is 10 grand. Meanwhile, Capital One does not have one so that means that you might be missing out on some additional rewards with the Quicksilver. Citi Prestige vs. Not only will the interest most likely be lower, but many of the perks – including no foreign transaction fees and no penalty APR rate – will be the same. These include fraud protection on 100% of unauthorized purchases, extended manufacturer’s warranty protection, and the Eno® assistant with virtual card numbers. The right card for you depends on your preferences for rewards and annual fees. As a result, it has no annual fee and offers a one-time $200 cash bonus after you spend $500 on the card in the first three months. Since the card is promoted by Capital One as a card for fair or average credit scores, even scores in … If you apply for a credit card, the lender may use a different credit score when considering your application for credit. Everyone's spending patterns are different, and what works for you might now work for other people. 5% on gas for 3 months just isn't as good as 1.5% on everything all the time. In addition to offering unlimited 1.5 percent cash back on every purchase, the new Ink Business Unlimited card gives members a $500 cash back bonus after spending $3,000 in the first three months. View Updates. For example, if you charge $1,000 a month, you’ll earn $180 over the course of the year, just by swiping your card. First they hit you with a $200 one-time cash bonus after spending $500 in the first three months, then they provide a 0% intro APR on purchases for 15 months (variable APR of 15.49% – 25.49% after that) – all for no annual fee. You can't really say there's a 'best' CC, it's just what fits your needs. Secured. The Capital One® Quicksilver® Cash Rewards Credit Card offers a 0% intro on purchases for 15 months, after, a 15.49% - 25.49% (Variable) APR will apply. For cardholders who are just starting to use credit or who are rebuilding their credit scores, the Platinum card is a good option. ... Quicksilver is a flat 1.5% back on everything vs 1.25 Miles for the Venture one, and they have to be redeemed for travel. American Express Gold Card vs. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. It started as a platinum card right after bk 2 years ago and then the upgrade to quicksilver 5 months later. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Please contact the moderators of this subreddit if you have any questions or concerns. CAPITAL ONE VENTURE VS. QUICKSILVER: APR. The best Capital One credit cards deliver leading perks, such as big travel sign-up bonuses, unlimited cash back, and long 0% intro APR offers. Same perks as the Gold card but no points program and I only pay $50/yr. It offers: 60,000 miles ($600 in travel) once you spend $3,000 on purchases within the first 3 … Whether the Capital One Quicksilver Cash Rewards Credit Card or the Capital One QuicksilverOne Cash Rewards Credit Card is better for you depends largely on your credit history.. Capital One® Quicksilver® Cash Rewards Credit Card comes out far ahead in terms of international travel. However, the Quicksilver has no … Make shopping more secure with online and in … So I currently have the Capital One Platinum with a limit of $3500, should I upgrade that to Capital One Quicksilver or apply for Quicksilver to get the $200 cashback on $500 purchases in first month. The right card for you depends on your preferences for rewards and annual fees. Why is any credit card better than CapitalOne Quicksilver? Quicksilver is the clear winner of this category. This card is similar to the Capital One Platinum Mastercard, in that it’s available to applicants with fair credit or better. Privacy Policy. Kelly Dilworth i have a QS as well and it just sits in my wallet looking slick. The Capital One Platinum Card has no low intro rate for purchases or balance transfers. Improving Credit Scores and Building Credit. The 5% thing quickly deflates for me. Some of these cards carry annual fees but those can be offset more easily with people who spend a lot. Platinum Card from American Express. The offers that appear on this site are from companies from which CreditCards.com receives compensation. Despite some superficial similarities, Credit One and Capital One are two completely different credit card issuers. The Capital One QuicksilverOne Cash Rewards Credit Card is designed for people with average credit. way better rewards and the $100 airline credit offsets the higher fee. While there has been a lot of attention around the Capital One® Walmart Rewards™ Card, a lot of deal seekers are wondering about the lesser publicized Walmart Rewards card.. We’re here to clear up any confusion surrounding the Walmart Rewards card vs. Capital One Walmart Rewards Card. We hope you found this helpful. Cash advances usually include transaction fees and a higher APR than credit card purchases. The Capital One QuicksilverOne Cash Rewards Credit Card is designed for people with average credit. The Capital One Savor and Capital One SavorOne cards offer unlimited cash back rewards, with excellent card benefits focused towards those who frequently paint the town red. This low maintenance cash back card is ideal for cardholders who want to earn a significant amount back, but don’t want to put of a lot of effort into their earnings. You’ll just need to provide a government issued photo ID like a driver's license along with your Capital One card. The Capital One Quicksilver Cash Rewards Credit Card and Capital One QuicksilverOne Cash Rewards Credit Card are both flat-rate cash back credit cards, and they look similar in almost every way. I have an Amex Gold I carry and a credit card from my local credit union (for the loan discounts). Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. 0 0 3 min read. New COVID-19 updates . I've had other rewards cards in the past, but nothing seems to have a higher equivalent return than a simple 1.5% cash back. Overall, the QuicksilverOne edges out the Platinum thanks to its cash back rewards program, allowing you to earn rewards while building your credit with responsible use. However, the Capital One Quicksilver Cash Rewards Credit Card requires excellent/good credit, while the Capital One QuicksilverOne Cash Rewards Credit Card requires fair/limited credit. CAPITAL ONE PLATINUM VS. QUICKSILVER: APR. Meanwhile, the Capital One® Quicksilver® Cash Rewards Credit Card is aimed at cardholders with good to excellent credit scores of 670 and above. For Savor, it will be 15.99% - 24.99% (V), depending on your credit. The Capital One Quicksilver Cash Rewards Credit Card offers an introductory 0% APR on purchases for 15 months – after which, the APR jumps to 15.49% to 25.49% (variable). It has not been provided or commissioned by the credit card issuers. Chase’s new Ink business card offers a $500 bonus and 1.5 percent back on every purchase. The difference between the Venture One and Venture is the rewards percentage, with the higher rewards having an annual fee. Capital One has two Venture credit cards that are popular among avid travelers: The Capital One Venture Rewards Credit Card and Capital One VentureOne Rewards Credit … I have a Cap One Quicksilver Mastercard at 6K limit. Venture, on the other hand, should not be used for financing. If you have excellent credit, choosing the Quicksilver card over the Platinum card is a no brainer. The Capital One Quicksilver card is a high-yield cash back card designed for cardholders with excellent … Compare Capital One Quicksilver vs Discover It and see which is better. The Capital One Venture Rewards Credit Card is one of the top travel rewards cards. The Chase Freedom card offers more opportunities to earn a larger amount of cash back. I transferred points over to the United MileagePlus program and ended up being 70k miles. CreditCards.com is an independent, advertising-supported comparison service. If you’re only interested in one credit card, then deciding between the Chase Freedom and Capital One Quicksilver should come down to what kind of cardholder you are and what kinds of purchases you tend to charge. Depends on your preferences. The Quicksilver from Capital One * credit card offers a flat 1.5% cash back on all purchases with a $0 annual fee. There's a 2% cash back card, so that. Start Saving - It's Free. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Capital One may have fewer branches than Wells Fargo, but it provides exceptional access to ATMs. The only reason I haven't cancelled it yet is because we're in the process of getting a mortgage. August 24, 2015 Written By Jason Steele . This card offers the same 1.5% cash back rate on all purchases, but is designed for cardholders with average credit. Quicksilver, on the other hand, has a great APR offer of 0% for 15 months on purchases. The Capital One Platinum card is a plain vanilla credit card designed for cardholders who want to build or rebuild credit with responsible use. Another selling point for Capital One over Wells Fargo is its lack of monthly fees. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. You’ll avoid foreign transaction fees with this card, whereas the Chase Freedom Unlimited® charges a 3% foreign transaction fee. Walmart announced two new rewards credit cards in September. View side-by-side comparison of rewards, rates, fees, and benefits at CreditDonkey. There are some cards that give 5% cash back on certain categories (e.g. I have a Citi card and hate it, although it's not the Double Cash one. The card details on this page … Amex has offers for their cards which can result in significant discounts on certain purchases. Home Business capital one quicksilver vs platinum. With Quicksilver, you get 0% for 15 months on purchases and a regular APR of 15.49% - 25.49% (V). Join our community, read the PF Wiki, and get on top of your finances! New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. It doesn’t offer a rewards program, nor does it offer a sign-up bonus. See related: Citi Prestige vs. Capital One charges you a $35 fee if you overdraw from your account. Lots of different cards offer lots of different benefits, point and mile values, and other things. But if you factor in the annual fee, you’ll only earn around $15. A Complete Review of Quicksilver One vs Capital One Platinum Cards Many users are inclined to compared a variety of credit cards before choosing the one that suits them most. The Platinum card’s finance charges are high, so it’s not a great choice for carrying a balance. It also offers 1.5% cash back on all purchases and a signup bonus, which the Capital One® Platinum Credit Card doesn’t offer. Like all Capital One credit cards, the Platinum card also waives foreign transaction fees – a rare perk for a card aimed at consumers with imperfect credit. Check out r/churning and read some of the items on the sidebar. Compare our … The rep said no and told me I could check any time for offers. Sallie Mae, Citi Double, Fidelity Amex, Discover IT, Chase Freedom, Amex blue cash everyday and preferred. I asked how and he said just click the link "Upgrade Now" once you login. The Quicksilver is a useful no-brainer for folks who just want a simple cash-back formula for earning and redeeming without having to put in much effort. There is also one that gives 2% cash back on everything (Citi Double Cash). It also offers a 0% Intro APR on … See the online credit card applications for details about the terms and conditions of an offer. Since the card is promoted by Capital One as a card for fair or average credit scores, even … 5 months later, I was given a $2000.00 credit limit increase automatically and I also upgraded my card to the Quicksilver rewards card. You earn 1.5% cash back on all purchases, and it has a $39 annual fee. ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. You can say I'm looking for that nudge to the right path. the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. Although its offerings are more modest, it's still a cut above its competitors. I have a Quicksilver card, and love it. If you have an airline specific miles card, and you fly a lot anyway (and thus have some kind of loyalty status), it's amazing the level of perks and service you get. It all depends on the card and on what is important to you. Read more about each option to find out which one … In addition, your account is automatically reviewed for a credit limit increase after your first six months of on-time payments, which could have a beneficial impact on your credit score. Here’s what else to consider when comparing the two cards: If you like the idea of earning rewards alongside your spending, then the Quicksilver Rewards card is a clear winner. Some cards carry other travel benefits such as airline lounge access, bonus hotel nights, etc. Kelly Dilworth. Account Alerts. While cash back cards won’t get you fancy flights or luxury resort stays as easily as the best credit cards for travel , earning up to 4% cash back on purchases is a compelling reason to consider these cards. The Capital One Quicksilver Cash Rewards Credit Card is for consumers with good credit. By providing my email address, I agree to CreditCards.com’s The Capital One® Platinum Credit Card has no rewards program, but also does not have an annual fee. Both the Capital One Venture Rewards Credit Card and the Capital One Quicksilver Cash Rewards Credit Card are great rewards card options. Posted by 5 months ago. They used to not report your credit limit so it looked like you maxed it out every month. The Verdict: The Capital One VentureOne Rewards Credit Card is better if you like to travel, while the Capital One Quicksilver Cash Rewards Credit Card is great for earning cash back on everyday purchases. Summary. Press J to jump to the feed. Instead, its biggest selling point is its forgiving stance toward cardholders who are rebuilding their credit: If you pay your bill on time six months in a row, for example, your account is automatically reviewed for a credit limit increase. For Capital One customers, check your benefits guide to find out what benefits are available to you. Airlines are why I carry my Amex Gold. The Capital One Venture Rewards Credit Card and its lesser known sibling the Capital One VentureOne Rewards Credit Card are both geared toward travelers.. Get essential reads every week with our newsletter. Travel and hotel cards provide good value to some as well. Compare our top picks to find the right fit for you. Read more about each option to find out which one … Because rewards programs and 0-percent interest promotions can make overspending more enticing, a simple, no-frills credit card, such as the Platinum card, may encourage you to be more conservative with your spending. Does capital one ever issue 10k limit on a … STILL NOT SURE? The offers that appear on this site are from companies from which CreditCards.com receives compensation. The Credit Steps program allows cardholders access to a higher credit line after they make their first 5 monthly payments on time. As others have said there are better (or equally as good) cash back cards. I started with an entry level Capital One Platinum Mastercard with an annual fee of $39.00 in Sept of 2014 with a starting limit of $500.00. Capital One Quicksilver vs. Capital One Platinum. Con: Non-rewards Card. She returned to journalism in 2010 and since then has written about everything from 20-somethings with Herculean credit scores to the Federal Reserve’s monetary policy decisions. I consider 2% back to be a baseline, and most of my spend is at a higher rate than that. http://www.nerdwallet.com/card-details/card-name/Sallie-Mae-MasterCard. capital one quicksilver vs platinum. Capital One is the much larger and better-known financial institution, but Credit One is still a legitimate company that … However, the Capital One Platinum Credit Card is well within your reach. Cash Wise vs Quicksilver: Foreign transaction fees. All Rights Reserved. The Capital One Quicksilver Cash Rewards Credit Card and the Capital One Platinum Credit Card share the same issuer. By providing my email address, I agree to CreditCards.com’s Am I missing something key about airline rewards cards? Subscribe to get the week’s most important news in your inbox every week. I average around 2% back with Chase cards. But for me, I would never use most of the services and the fee is not so low compared to what I make/spend, so it's not worth it. However, we may receive compensation when you click on links to products from our partners. The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars.