Capital One® QuicksilverOne® Cash Rewards Credit Card vs. Capital One® Quicksilver® Cash Rewards Credit Card

4 min read

Fans of simplicity will love both the Capital One® QuicksilverOne® Cash Rewards Credit Card and Capital One® Quicksilver® Cash Rewards Credit Card. These cash back rewards cards deliver 1.5 percent unlimited rewards on every purchase each time you use them.

There are no revolving categories to sign up for, no cap on the amount you can spend before the cash back rate drops and no complex strategies needed to maximize benefits. Just use the cards to make purchases and collect your cash back rewards.

Though the QuicksilverOne and Quicksilver both deliver the same cash back rewards rate, there are some key differences between the two credit cards. Here’s what you need to know before making a decision.

Card comparison overview

 Features QuicksilverOne Quicksilver
Welcome bonus None Earn a one-time cash bonus of $150 when you spend $500 in the first three months after opening your account
Rewards rate Unlimited 1.5 percent cash back on purchases Unlimited 1.5 percent cash back on purchases
Introductory APR None; 26.99 percent variable APR Zero percent APR on purchases for 15 months (15.49 percent to 25.49 percent variable APR thereafter)
Annual fee $39 $0

Capital One QuicksilverOne vs. Quicksilver highlights

Both the QuicksilverOne and Quicksilver offer cash back rewards, standard Capital One cardholder benefits —  like $0 fraud liability —  and don’t charge foreign transaction fees. Here’s how the cards stack up against each other:

Sign-up bonus winner: Quicksilver

The QuicksilverOne doesn’t currently offer a sign-up bonus, making the Quicksilver the clear winner here. The Quicksilver offers a $150 cash bonus when you spend $500 the first three months after opening your account. The card also has an introductory zero percent APR for the first 15 months (15.49 percent to 25.49 percent variable APR thereafter), making it a decent card for transferring balances from your high-interest credit cards.

Rewards rate winner: It’s a toss-up

The QuicksilverOne and Quicksilver both offer the same unlimited cash back rewards rate of 1.5 percent on every purchase you make.

Annual fee winner: Quicksilver

The QuicksilverOne charges an annual fee of $39, and you’ll start paying that fee the first year you open your account. The Quicksilver, on the other hand, doesn’t charge an annual fee, making the card cheaper to own.

Introductory APR period winner: Quicksilver

While the Quicksilver might not be your first choice for paying down debt, it’s worth mentioning that the card offers a competitive 15-month zero percent APR on balance transfers (15.49 percent — 25.49 percent variable APR after), with a balance transfer fee of 3 percent for the first 15 months. The QuicksilverOne does not offer an introductory zero percent APR.

Which card earns the most?

The QuicksilverOne and Quicksilver offer identical cash back rewards; you get an unlimited 1.5 percent back on every purchase with both. In a head-to-head comparison, though, the Quicksilver comes out the winner due to its no annual fee and $150 welcome bonus (after spending $500 in the first 3 months) — two features that boost your earnings.

QuicksilverOne vs. Quicksilver

Seeing as both cards earn an unlimited 1.5 percent cash back on every purchase (with no limit on how much cash back you can accumulate), you’ll have the potential to earn $270 a year by spending $1,500 a month on either card.  Similarly, if you spend $10,000 a month on either card, you’ll earn $1,800 cash back for the year.

Because the QuicksilverOne has an annual fee of $39, you’ll need to subtract that amount from your yearly rewards calculation. Using the example above, if you spend $1,500 a month with the QuicksilverOne, your yearly earnings jump down to $231.

Why you should get the QuicksilverOne

The QuicksilverOne is a great choice for people who don’t have excellent credit but want all the perks of a Capital One credit card, plus unlimited cash back rewards.

Additional benefits

With the QuicksilverOne, you aren’t charged foreign transaction fees for purchases made abroad. In addition, you’ll receive complimentary concierge service, extended warranty on purchases, 24-hour travel assistance, travel accident insurance and access to Wikibuy and Paribus (two comparison shopping tools).

Redemption options

You can redeem your cash back earnings for statement credit to help reduce your card balance, have a paper check mailed to your address, buy gift cards or contribute your cash back rewards to charity. It’s important to note there’s no minimum redemption amount required.

Recommended Credit Score

To qualify for the Quicksilver One, you’ll need at least an average credit score (between 580-740).

Why you should get the Quicksilver

The Quicksilver is ideal for those looking for a simplistic rewards program. It offers an unlimited 1.5 percent cash back on every purchase, no annual fee and a solid welcome bonus. Plus, the 15-month introductory zero percent APR on purchases and balance transfers (15.49 percent to 25.49 percent variable APR thereafter) gives you the flexibility to pay down debt without accruing interest.

Additional benefits

Just like the QuicksilverOne, you won’t owe foreign transaction fees and receive complimentary concierge service, extended warranty on purchases, 24-hour travel assistance, travel accident insurance and access to Wikibuy and Paribus.

Redemption options

You’re free to redeem your cash back earnings as a statement credit. You can also get a paper check mailed to your address, buy gift cards or contribute your cash back rewards to charity. Capital One doesn’t make you wait before you can redeem, and you can cash out your rewards as often as you want.

Recommended credit score

You need a good to excellent credit score to qualify for this card (between 670 – 850).

Bottom line

Though the QuicksilverOne and Quicksilver both offer an unlimited 1.5 percent cash back rewards on every purchase, the clear winner here is the Quicksilver. It has no annual fee, an easily attainable welcome bonus, a lower variable APR rate and an introductory zero percent APR on purchases and balance transfers for 15 months (15.49 percent to 25.49 percent variable APR after that). If you have good to excellent credit, getting this card is a no-brainer.