Both the Capital One Quicksilver and Capital QuicksilverOne offer 1.5% cash back, but they cater to two different types of consumer. Which of these cards is right for you?
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 look at how they compare.
See related: Best flat rate cash back credit cards
Capital One Quicksilver vs. Capital One QuicksilverOne
Capital One® Quicksilver® Cash Rewards Credit Card
Capital One® QuicksilverOne® Cash Rewards Credit 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|
|Estimated yearly rewards value (for someone who spends $15,900)||$288||$212|
|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
Best for earning flat-rate cash back: Both cards
If you’re looking for a simple cash back card that will reward you for every purchase, either the Quicksilver or QuicksilverOne can be a good choice. Both cards carry a flat 1.5% cash back rate on all purchases everyday. 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% rate is competitive among average rates with no rotating categories.
See related: Which 1.5% cash back card is right for you?
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.
See related: How much can you really make with a cash back card?
Plus, 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.
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%, 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.
Unlike the QuicksilverOne card, the Quicksilver also offers an introductory APR on new purchases, as well as a lower APR overall, which makes the card a better choice if you’re planning to carry a balance.
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 get approved for. Thus, it’s a great card for building credit.
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.
It carries a $39 annual fee, a higher APR and no sign-up bonus. But, it does have the same flat 1.5% cash back rate as the Quicksilver.
To help you build credit, the QuicksilverOne card offers an initial $300 credit limit that can be increased after six months of timely payments. Boosting your credit line can lower your credit utilization ratio, which is beneficial for your credit score.
Once you improve your credit enough to be eligible for the Quicksilver, it’s an easy transition to combine the two cards or request an upgrade. Either way, disciplined spending and timely payments will pay off.
Quicksilver vs. QuicksilverOne: The verdict
In the end, it all comes down to which card you can qualify for based on your credit history.
While the Quicksilver and QuicksilverOne feel the same when it comes to rewards rate, the Quicksilver card offers the clear advantage thanks to its its sign-up bonus and $0 annual fee. On top of that, it comes with a lower ongoing APR and a 0% intro APR on new purchases for the first 15 months of card membership (15.49% to 25.49% variable APR thereafter), which could be helpful if you’re planning on using the card for a large purchase.
Still, you won’t lose too much ground by going with the QuicksilverOne card, especially if you’re looking to build credit. When you’re just working on your credit, getting 1.5% cash back on every transaction is an excellent deal. Plus, you can always request a product upgrade once your credit score improves.