Capital One Quicksilver vs. Capital One QuicksilverOne

Who wins the quick draw?

Capital One Quicksilver vs. Capital One QuicksilverOne

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

The content on this page is accurate as of the posting date. Please review our list of best credit cards, or use our CardMatch tool to find cards matched to your needs.

The Capital One® Quicksilver® Card and Capital One® QuicksilverOne® Cash Rewards Credit Card look similar in almost every way. But there are subtle differences when it comes to how you can use them and the credit-building opportunities they offer. So, which one should you choose? Ultimately, the difference between these two cards depends on your credit history, amount of debt and how you view certain benefits. 

Let’s take a closer at how they compare.

Capital One Quicksilver vs. Capital One QuicksilverOne

  Quicksilver card
Capital One Quicksilver Card
QuicksilverOne Card
Capital One QuicksilverOne Card
Rewards rate
1.5% cash back on every purchase
1.5% cash back on every purchase
Sign-up bonus
$150 after spending $500 in first 3 months
None
Annual fee
$0 $39
Estimated yearly rewards value (for someone who spend the quarterly bonus limit and no more) $288 $212
Pros

 

  • No rotating categories to keep track of
  • Simple, automatic redemption of your cash back rewards
  • Redeem any amount of cash back at any time

 

 

  • Easier for cardholders with low credit scores to qualify for
  • Get access to a higher credit line in as little as 5 months
  • No rotating categories to keep track of
  • Simple, automatic redemption of your cash back rewards
  • Redeem any amount of cash back at any time

 

Cons
  • There are other cash back cards with larger sign-up bonuses and higher cash back rates
  • Charges an annual fee
  • No sign-up bonus
Who should get this card?

Cardholders with excellent credit who want the simplest cash rewards program possible

Cardholders with average credit or limited credit histories who want a good cash rewards program and fast access to a higher credit line

3 ways they’re similar 

  1. Rewards rate. Both the Quicksilver and QuicksilverOne carry a flat 1.5-percent cash back rate on all purchases every day. You can use either card at this rate without having to sign up for and track rotating categories. Compared to similar cash back options, the 1.5-percent rate is competitive among average rates with no rotating categories.
  2. No earning limits. Neither card has earning limits and your cash back won’t expire for the life of the account. The cards provide redemption flexibility as well. You can redeem cash at any amount at any time – as well as redeem cash for statement credits, checks, gift cards and more.
  3. No foreign transaction fee. Neither the Quicksilver nor the QuicksilverOne carry a foreign transaction fee. Holders of both cards are free to earn cash back domestically and overseas, without limitations. 

3 ways they’re different 

  1. Credit history needed for approval. Capital One requires cardholders to have a good or excellent credit history in order to be approved for the Quicksilver card. Though its rewards aren’t as robust as other cash back cards, the QuicksilverOne is more lenient when it comes to credit score. 
  2. Balance transfer fees. If cardholders wish to move an existing balance to another account, the QuicksilverOne allows transfers at no additional fee. The Quicksilver, however, charges a 3-percent balance transfer fee for balances transferred during the 15-month introductory period (the fee is 0 percent thereafter).
  3. Intro and regular APR. Unlike the QuicksilverOne card, the Quicksilver offers an introductory APR of 15 months. The Quicksilver card also offers a lower APR overall than the QuicksilverOne card.
  4. Opportunity to increase your credit limit. The QuicksilverOne card carries an initial $300 credit limit that can be increased after five months of timely payments. 

Best for those in good credit standing: Capital One Quicksilver 

The Quicksilver is a great option for rewards card rookies. You can find other cards with rates higher than 1.5 percent, but you’ll sacrifice redemption simplicity to get there. Not only does this card offer a simple rewards rate; it also comes with an attainable sign-up bonus and no annual fee. 

The sign-up bonus allows new cardholders to earn an extra $150 after spending $500 within the first three months of opening a new account. Additional benefits are available, including free credit score monitoring, travel and emergency assistance, auto rental coverage and fraud coverage.   

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

Sure, the Quicksilver has a sign-up bonus, but the QuicksilverOne is much easier to approve for. Thus, it’s a great card for building credit. 

It carries a $39 annual fee, a higher APR and no sign-up bonus. But, it does have the same flat 1.5-percent cash back rate as the Quicksilver. 

Once you improve your credit enough to be eligible for the Quicksilver, it’s an easy transition to combine the two cards or do a clean switch. Either way, disciplined spending and timely payments will pay off.   

Bottom line 

While the Quicksilver and QuicksilverOne feel the same when it comes to rewards rate, the Quicksilver card, with its sign-up bonus and no annual fee, offers the clear advantage – if you have a high enough credit score to qualify for it.  On the bright side, you won’t lose too much ground by going with the QuicksilverOne card, especially if you’re looking to build credit.   

See related: How much can you really make with a cash back card?, Which 1.5 percent cash back card is right for you?


Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.




Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.


Updated: 11-21-2018