What’s more, as part of the Chase Ultimate Rewards ecosystem, the Freedom Unlimited has much greater potential and upside when it comes to redeeming that cash back. However, it also accrues 5% cash back on Chase travel booked through Ultimate Rewards, 3% back at drug stores and on dining - much higher earning rates on easy-to-maximize categories. If you’re going to go with a 1.5% cash back card, the Chase Freedom Unlimited also has no annual fee and earns 1.5% cash back on most purchases.
On the other hand, if you’re willing to try out bonus categories, the Capital One SavorOne Cash Rewards Credit Card earns 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases, which might make sense depending on your spending habits.
However, when it comes to earning cash back, even if you’re looking for a card with a flat earning rate on all purchases, you’ll definitely do better with the Citi® Double Cash Card, which earns 2% on all purchases (1% when you buy and 1% as you pay) and also has no annual fee. So if you have a high credit rating to qualify for the Quicksilver card, that’s the better choice. Beyond that, the perks and cash back are essentially identical. The main differences are that the QuicksilverOne is for those with limited or average credit, and it comes with a $39 annual fee and no sign-up bonus. The Capital One Quicksilver is similar to its sister card, the Capital One QuicksilverOne Cash Rewards Credit Card, which also earns 1.5% cash back on all purchases. Related: The power of the Chase Trifecta: Sapphire Reserve, Ink Preferred and Freedom Unlimited What cards compete with the Quicksilver? This is similar to many cash-back cards, but it’s nowhere near as flexible as the Chase Freedom Unlimited, which also earns 1.5% cash back, but can be turned into Ultimate Rewards points that can be transferred to premium Chase cards - the Chase Sapphire Preferred Card, Chase Sapphire Reserve and Ink Business Preferred Credit Card - and turned into valuable travel rewards. Quicksilver’s simple earning structure may be appealing - along with its distinction as one of the best 0% interest cards on the market - but what makes it even more so is the ability to convert the cash back you earn on it into miles with the Capital One Venture Rewards Credit Card (if you have that card as well), which can then be redeemed with 15-plus airline and three hotel transfer partners. The Capital One Quicksilver Cash Rewards Credit Card may slightly outpace the perks of other cash-back cards with its respectable sign-up bonus and no annual fee, but it also requires an excellent credit rating from its applicants and has a few drawbacks worth pointing out. Card Rating*: ⭐⭐⭐½ *Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
However, the Quicksilver’s rewards aren’t quite as flexible as those of some of its competitors, so if you plan to expand your card portfolio at some point, then you may want to consider a different card. This card earns a flat rate of 1.5% cash back on all purchases, which is easily redeemable and requires no minimum. The Capital One Quicksilver Cash Rewards Credit Card is a good card for those who prefer to keep their rewards simple. Editor’s note: This post has been updated with the latest credit card information.Ĭapital One Quicksilver Cash Rewards Credit Card Overview
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