BACK

Cash Back

Capital One Quicksilver vs. Bank of America Unlimited Cash

Both cards offer 1.5% cash back on every purchase – but that doesn't mean they're identical

Summary

The Bank of America® Unlimited Cash Rewards credit card and the Capital One Quicksilver Cash Rewards Credit Card are two of the best 1.5% cash back credit cards on the market – but how do you decide which card is 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.

Want to earn 1.5% cash back on every purchase? The Bank of America® Unlimited Cash Rewards credit card and the Capital One Quicksilver Cash Rewards Credit Card are two of the best 1.5% cash back credit cards on the market – but how do you decide which card is best for you?

To evaluate the Capital One Quicksilver versus the Bank of America Unlimited Cash, you need to take a look at everything else the two cards have to offer – which means comparing welcome bonuses, intro APRs, annual fees and more.

Plus, you need to take a close look at each card’s reward redemption options. Would you rather deposit your rewards into a qualifying 529 investment account, for example, or use your rewards to save money the next time you shop at Amazon.com?

Want to know more? We’ve got a complete breakdown of how the Bank of America Unlimited Cash Rewards card and the Capital One Quicksilver Cash Rewards card compare – so in the battle of the 1.5% cash back credit cards, here’s how you can decide which card comes out on top.

Capital One Quicksilver vs. Bank of America Unlimited Cash

CardBank of America® Unlimited Cash Rewards credit card

Bank of America® Unlimited Cash Rewards credit card

Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card

Rewards rate1.5% cash back on every purchase

Earn more cash back as a Bank of America Preferred Rewards member

1.5% cash back on every purchase
Sign-up bonus$200 cash back after spending $1,000 in the first 90 days$200 cash back after spending $500 in the first 3 months
Intro APR0% intro APR for 15 months on purchases

0% intro APR for 15 months on balance transfers made within the first 60 days of card ownership

0% intro APR for 15 months on purchases
Regular APR13.99% to 23.99% (variable)14.99% to 24.99% (variable)
Annual fee$0$0

Earning cash back

Both the Bank of America Unlimited Cash Rewards Card and the Capital One Quicksilver Cash Rewards Credit Card are 1.5% cash back credit cards, which means you’ll earn an unlimited 1.5% cash back on every purchase.

Flat-rate cash back credit cards are great for people who don’t want to have to keep track of which shopping categories earn the highest percentage of cash back – especially when some credit cards change their cash back categories every quarter. With a flat-rate cash back card like the Bank of America Unlimited Cash card or the Capital One Quicksilver card, you get the peace of mind that comes with knowing every single purchase earns the same cash back rewards.

Plus, Bank of America customers who are Preferred Rewards members can boost their cash back earnings depending on their Preferred rewards status. Gold members receive a 25% cash back bonus, Platinum members receive a 50% cash back bonus and Platinum Honors members receive a 75% cash back bonus. This means that once you reach the highest Preferred Rewards membership tier, your cash back earnings can increase from 1.5% to 2.62% on every purchase.

Sign-up bonuses

Although the Capital One Quicksilver and the Bank of America Unlimited Cash cards offer the same 1.5% cash back on every purchase, the cards offer different sign-up bonuses, and that could make the difference in which one you end up choosing.

The Bank of America Unlimited Cash card offers $200 bonus cash to cardholders who spend $1,000 in the first 90 days. The Capital One Quicksilver also offers $200 bonus cash, but you only have to spend $500 in the first three months to earn it.

If you’re more likely to put $500 on your credit card in a three-month period than $1,000, the Capital One Quicksilver might be the better choice for you.

Redeeming rewards

Having a 1.5% cash back credit card in your wallet is a great way to earn rewards, but you’ll want to make sure you’re happy with your reward redemption options before you choose your cash back credit card.

The Bank of America Unlimited Cash card lets you redeem your cash back rewards for statement credits toward your credit card bills. You can also deposit your rewards into a linked Bank of America checking or savings account, or turn them into a credit toward a qualifying Merrill investment account, including 529 accounts. You can even receive your rewards as a mailed check.

The Capital One Quicksilver card also lets you redeem your rewards for statement credits or mailed checks. But Capital One offers one major redemption perk that Bank of America does not: the option to redeem your rewards at checkout when you use your Capital One Quicksilver card to make PayPal or Amazon purchases. Imagine filling your Amazon cart with items, beginning the checkout process and realizing you have enough Capital One rewards to cover the entire cost. It’s almost like getting rewarded twice.

Annual fee

How do the Capital One Quicksilver and the Bank of America Unlimited Cash cards stack up in terms of annual fees?

Good news – both cards are no-annual-fee credit cards. This means that, in addition to earning 1.5% cash back on every purchase, you’ll pay zero annual fees. That’s a solid win.

Introductory APRs

Which credit card offers the best introductory APR – the Capital One Quicksilver Cash Rewards card or the Bank of America Unlimited Cash Rewards card? It depends.

Both the Capital One Quicksilver and the Bank of America Unlimited Cash cards offer 15 months of 0% intro APR on purchases, giving you more than a year to pay off your new purchases without paying interest.

But only the Bank of America Unlimited Cash card offers 0% intro APR on balance transfers. If you want to use a balance transfer credit card to pay off old credit card debt, the Bank of America Unlimited Cash Rewards Credit Card is the better choice. With 15 months of 0% intro APR on balance transfers made within the first 60 days of card ownership, you’ll have more than a year to pay down your old debt without accruing interest charges on your transferred balance. That could be exactly what you need to make a fresh financial start.

Capital One Quicksilver Cash Rewards Credit Card: Best for saving money on PayPal and Amazon purchases

If you want a 1.5% cash back credit card that lets you redeem your rewards for online shopping, the Capital One Quicksilver Cash Rewards Credit Card is an excellent choice.

People who make a lot of PayPal and Amazon purchases can use their cash rewards to save money at checkout, and there’s no minimum on the amount of rewards you need to earn before you can start redeeming.

If you’ve earned 50 cents in cash back rewards, you can apply those 50 cents to your next Amazon or PayPal purchase and put the remaining balance on your Capital One credit card, earning 1.5% cash back that you can redeem the next time you shop with Amazon or PayPal.

Bank of America Unlimited Cash Rewards Credit Card: Best for paying off old debt

If you want a 1.5% cash back credit card that also offers 0% intro APR on balance transfers, you’re going to want to consider the Bank of America Unlimited Cash Rewards Credit Card.

Not only will you earn industry-leading cash back on every purchase, but you can also use the card’s introductory zero-interest period to pay down old debt. With 15 months of 0% intro APR on new purchases and on balance transfers made in the first 60 days, you can earn rewards, pay off debt and save money on interest charges for more than a year.

Bottom line

The Capital One Quicksilver Cash Rewards credit card and the Bank of America Unlimited Cash Rewards credit card have a lot in common.

Both offer 1.5% cash back on every purchase and 15 months of 0% intro APR on new purchases. Neither card charges an annual fee, and both offer a sign-up bonus worth $200 – although Capital One card awards the bonus to cardholders who charge $500 to the card in the first three months, and Bank of America reserves the bonus for cardholders who charge $1,000 to the card in the first 90 days.

That’s the first big difference between the two credit cards. What are the other major differences?

The Bank of America Unlimited Cash Rewards card is a balance transfer credit card, giving you 15 months of 0% intro APR on all balances transferred to the card within the first 60 days of card ownership.

The Capital One Quicksilver Cash Rewards card doesn’t offer 0% intro APR on transferred balances, but it does offer a few reward redemption options that the Bank of America Cash Rewards card does not, including the ability to use your rewards at checkout when making PayPal or Amazon purchases.

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 Cash Back

How to get the most out of your cash back credit card

Cash back rewards are a great way to earn money on credit card spending. But not all cards are created equal, which is why you need to have a solid plan in place to earn the most rewards.

See more stories
Credit Card Rate Report
Business
14.22%
Airline
15.51%
Cash Back
16.27%
Reward
15.97%
Student
16.78%

Questions or comments?

Contact us

Editorial corrections policies

Learn more