Credit Cards

Capital One Quicksilver vs. Capital One QuicksilverOne: What’s the difference?

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Both the Capital One Quicksilver Cash Rewards Credit Card and the Capital One QuicksilverOne Rewards Credit Card offer unlimited cash back rewards on every purchase you make. But there are key differences, including the credit score required for approval, the introductory APR offers, and the introductory bonus.

Quicksilver is one of the best Capital One credit cards that offers easy cash back rewards, a $200 welcome bonus, and an interest-free introductory period for both new purchases and balance transfers. QuicksilverOne does not have as many benefits and also has an annual fee of $39. But it’s a good alternative if you have less than perfect credit, and it’s even among our favorite cards for people with no credit, since no credit history is required.

Here’s what you need to know about these Capital One cash back options to choose the right one for your financial goals:

side by side comparison

capital mercury one Capital One QuicksilverOne
Annual quota No annual fee $39
Welcome Offer Earn $200 after spending $500 on purchases within the first three months of account opening None
Cash Back Rewards Unlimited 1.5% cash back on every purchase Unlimited 1.5% cash back on every purchase
Other benefits • 0% introductory APR on purchases and balance transfers for the first 18 months

• Travel and shopping protections

• No fees for foreign transactions

• Prior approval

• Account review after six months of on-time payments for a line of credit increase

• No fees for foreign transactions

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welcome bonus

Capital One Quicksilver allows you to earn $200 after spending $500 within the first three months of opening your account. On the other hand, Capital One QuicksilverOne does not have any welcome offer.

If the minimum required is within your budget, Quicksilver Bonus Cash can add a lot of value in the first year. But a welcome bonus is a unique offering: Ongoing rewards and credit-building benefits can add more value in the long run, depending on your goals.

Rewards and Benefits

Quicksilver and QuicksilverOne from Capital One offer the same flat rate cash back rewards: unlimited 1.5% cash back on all purchases. Your rewards do not expire while your account is open, and you can redeem them for statement credits, gift cards, cash back, or through PayPal or Amazon.

While it’s not a travel card, you can get some extra benefit from Capital One Quicksilver’s travel protections, including travel accident insurance, 24/7 support, and complimentary concierge services. It also comes with extended warranties and access to Capital One Shopping.

But if you have less than stellar credit, QuicksilverOne is a good place to start building your credit score, even if you can’t qualify to start with regular Quicksilver. After your score improves, you may be able to upgrade to Quicksilver. And for an added credit incentive, Capital One also automatically reviews your account after six months of on-time payments to determine if you’re eligible for a credit line increase.

APR

The Capital One Quicksilver has a 0% introductory APR on purchases and balance transfers for the first 18 months. There is a regular variable APR of 14.99% – 24.99% after that. Capital One QuicksilverOne charges a higher variable APR of 26.99% on purchases and balance transfers, and has no interest-free introductory rate.

You can avoid paying high interest by charging only what you can pay in full and on time each month. A positive payment history is also essential for developing good credit habits to maintain a good credit score for a long time, so if you’re using QuicksilverOne to build credit, it’s even more essential.

Rate

The Capital One Quicksilver does not have an annual fee, but the QuicksilverOne does come with an annual fee of $39. If you choose to transfer a balance to take advantage of Quicksilver’s introductory period, you’ll pay a 3% balance transfer fee within those first 18 months.

Neither card has foreign transaction fees, which is another benefit for frequent travelers. But you can expect a late fee of up to $40 with both cards.

More information external link icon

Capital One Quicksilver Cash Rewards Credit Card

Editor’s Score: (4.2/5)

Editor’s Score: (4.2/5)

bounty rate: 3.5

welcome bonus: 5.0

annual fee: 5.0

other costs fees: 5.0

intro april: 4.0

other benefits: 4.0

simplicity: 5.0

annual percentage rate: 3.0

Last updated February 11, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Offer:
  • Annual quota:

    $0

  • ordinary APR:

    14.99% – 24.99% (variable)

  • Recommended credit:

    670-850 (Good to Excellent)

  • More informationexternal link icon On our partner’s secure site

More information external link icon Capital One QuicksilverOne Cash Rewards Credit Card

Capital One QuicksilverOne Cash Rewards Credit Card

Editor’s Score: (3.0/5)

Editor’s Score: (3.0/5)

bounty rate: 3.5

welcome bonus: 0.0

annual fee: 3.5

other costs fees: 5.0

introduction april: 0.0

other benefits: 3.0

simplicity: 5.0

annual percentage rate: 2.0

Last updated February 11, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Offer:

    N/A

  • Annual quota:

    $39

  • ordinary APR:

    26.99% (changeable)

  • Recommended Credit:

    (No Credit History)

  • More informationexternal link icon On our partner’s secure site

More information external link icon Chase Freedom Unlimited®

Chase Freedom Unlimited®

Editor’s Score: (4.7/5)

Editor’s Score: (4.7/5)

bounty rate: 5.0

welcome bonus: 5.0

annual fee: 5.0

other cost rates: 4.0

intro april: 4.0

other benefits: 5.0

simplicity: 3.0

annual percentage rate: 3.0

Last updated February 11, 2022

All reviews are prepared by NextAdvisor staff. The opinions expressed therein are solely those of the reviewer. Information, including card rates and fees, presented in the review is accurate as of the review date.

  • Introductory Offer:Earn an extra 1.5% cash back
  • Annual quota:

    $0

  • ordinary APR:

    14.99% – 23.74% Variable

  • Recommended Credit:

    670-850 (Good to Excellent)

  • Apply Nowexternal link icon On Chase’s secure site

Deciding between Capital One Quicksilver and Capital One QuicksilverOne

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any association or advertising relationship.

If you’re deciding between Capital One Quicksilver and QuicksilverOne, choosing the right card largely comes down to your credit score.

If your credit makes you eligible for it, Capital One Quicksilver is the better option between the two. You’ll need a credit score of at least 670 to have the best chance of approval, but qualifying for this card means you’ll get a $200 welcome bonus when you spend $500 within the first three months, 18 months of 0% APR on purchases and balance transfers, an ongoing lower APR, and some extra protections for travel and purchases.

pro tip

You can use Capital One Quicksilver as a balance transfer card to pay off your credit card debt interest-free during the introductory 18-month period. After your balance is paid in full, you can still use the card to earn cash back rewards for your spending.

But if you have fair credit, meaning you haven’t had a chance to build credit yet or have made credit mistakes in the past, you’ll have a better chance of qualifying for QuicksilverOne. Despite its $39 annual fee, QuicksilverOne is one of our favorite cards for building credit, as you’ll still earn unlimited 1.5% cash back while practicing good credit habits to build your score.

Ultimately, these cards, while similar, serve very different purposes. Capital One Quicksilver is a solid flat cash back option, while QuicksilverOne is a credit building card with cash back perks. Both can add value to your wallet depending on your credit goals, but be sure to compare them to other cards you may qualify for, like other cash-back credit cards, rewards credit cards, or cards for people with no credit, to find the best. fit for you

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