BACK

FluxFactory / Getty Images

Card Comparisons

Capital One Platinum vs. Capital One QuicksilverOne

Which Capital One card is the better credit-builder?

Summary

The Capital One Platinum and QuicksilverOne cards are two great cards for cardholders trying to build credit – we’ll help you decide which one works best for you.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

If you’ve been looking for a card to help you build credit, but you’re nervous about your ability to qualify, Capital One has some solid options.

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. With responsible use, either card could be a great credit-building tool.

The main difference between the cards is that only the QuicksilverOne has a rewards program, and a minimal one at that. So how do these two compare?

Capital One Platinum vs. Capital One QuicksilverOne

Capital One Platinum Card
Capital One Platinum
Capital One Platinum Card
Capital One QuicksilverOne
RewardsNone1.5% cash back on every purchase
Initial credit limitSee terms. Account reviewed for a higher credit limit after you make 6 on-time monthly payments.See terms. Account reviewed for a higher credit limit after you make 6 on-time monthly payments.
Annual fee$0$39

How they’re similar 

Both require fair credit for approval. Since both the Platinum and the QuicksilverOne are designed to build credit, you don’t have to worry about having a high credit score to be approved for either one. Both require a fair credit score (typically a score above 580) to qualify.

Both are unsecured credit cards. Unlike secured credit cards, unsecured cards allow you to make purchases and establish credit history without putting down a security deposit. This is a big plus if you’d rather not tie up money up front, though the tradeoff is usually a lower credit limit range. Secured cards are generally easier to qualify for as well.

Both offer a chance at a higher credit limit. Your credit limit can play a big part in successfully managing your credit utilization – the amount of credit you’re using relative to your total available credit. Depending on your credit history, you may to start off with a fairly low limit with both the Platinum and QuicksilverOne, but Capital One will automatically review your account for a credit line increase after you make six on-time monthly payments.

How they’re different 

Rewards. The QuicksilverOne is a flat-rate cash back credit card, so you not only have the opportunity to build credit, but also earn 1.5% cash back on every purchase you make. You can find higher rates with other cards, but it’s an added incentive, nonetheless. In fact, if you spend a sufficient amount on the QuicksilverOne card, you can earn enough cash back to outmatch the annual fee. For example, a cardholder who spends $300 on the card each month would earn $54 in cash back – $15 more than the card’s $39 annual fee. The Capital One Platinum card, on the other hand, doesn’t offer a rewards package for making purchases.

Annual fee. The Capital One Platinum comes with no annual fee, which means you can spend without having to budget for an annual bill. The lack of an annual fee may be especially appealing if you’re trying to build your credit on a tight budget.

Best for building credit with no annual fee: Capital One Platinum 

The Capital One Platinum card doesn’t come with a rewards package, but it does have plenty of features in place to help you build credit. One in particular is the CreditWise feature, which allows you to check your credit score and monitor your credit over time.

The card also comes with a number of protections such as fraud coverage, emergency card services and identity theft protection.

Having all of this with no annual fee is a much more inviting option than going the secured credit card route. You want a card that will help you build credit over time while allowing you to practice responsible cardholder habits. Once you’re able to bring your credit to good enough standing to be approved for another card, the Capital One Platinum will leave you in good shape.

Best for building credit while earning cash back: Capital One QuicksilverOne 

What the QuicksilverOne offers over the Platinum is the added incentive of earning cash back while building your credit. It also comes with protections such as security and account alerts, personalized due date, compatible with Apple Pay, no foreign transaction fees, and fraud coverage.

It doesn’t come free, however. You’ll be paying a $39 annual fee, and the card doesn’t offer a sign-up bonus. But it could end up being a small price to pay for the added cash back benefit.

Bottom line

Both of these options will help you build credit with responsible card use. Choosing between the two comes down to the additional benefits that each one offers, and how you feel they can set you up for success down the line.

See related: Tips for getting that first credit card and building creditHow to build credit if you can’t get a secured card or personal loan, Credit One vs. Capital One

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Card Comparisons

Earn $100 bonus cash back with the PenFed Power Cash Rewards Visa Signature® Card

Discover how the sign-up bonus and competitive rewards rate on the PenFed Cash Rewards Visa can get you more cash back.

See more stories
Credit Card Rate Report Updated: November 18th, 2020
Business
13.91%
Airline
15.50%
Cash Back
15.85%
Reward
15.75%
Student
16.12%

Questions or comments?

Contact us

Editorial corrections policies

Learn more