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Capital One® Quicksilver® Card vs Chase Freedom Unlimited®: Which Card is Right for You?

The Capital One® Quicksilver® Card is best for consumers who don't want to have to manage their rewards and those who never want to pay an annual fee. The card is also excellent for travelers since it has no foreign transaction fees. For people who may, down the line, want to use more than one card and earn travel rewards, we recommend the Chase Freedom Unlimited®. Below, we highlight everything you need to consider when picking between the Capital One® Quicksilver® Card and the Chase Freedom Unlimited®, and how you can get the most from each card.

How are the Capital One® Quicksilver® Card and Chase Freedom Unlimited® Different?

While both cards have the ability to function as solid 1.5% cash back cards, the biggest difference between the Capital One® Quicksilver® Card and the Chase Freedom Unlimited®, is that the latter can also work as a rewards card when paired with certain other Chase cards. Pairing the Chase Freedom Unlimited® with a Chase card that earns rewards that are transferable to Chase Ultimate Rewards (UR) travel partners as well as discounts on UR purchases, can increase its rewards rate to 1.875% or more. The downside is that these cards come with an annual fee.

Capital One® Quicksilver® CardChase Freedom Unlimited®
Capital One® Quicksilver® Card
Chase Freedom Unlimited®
Good For …
  • Consumers who want a hassle-free credit card
  • Those who are willing to manage their rewards to maximize value
  • People who already have a Chase card that earns them transferable rewards
Bad For …
  • Lower rewards potential
  • Annual fee if transferring points
  • Those looking for ease of use. This card requires some management to achieve maximum reward potential
Rewards1.5% cash back on all purchases.1.5 Chase Ultimate Rewards points per $1 spent that can be only be used for cash-back rewards, unless combined with a Chase card with transferable rewards.
FX Fee0%3%
Introductory APR0% Intro APR for 15 months from account opening on purchases and balance transfers.0% Intro APR for 15 months from account opening on purchases and balance transfers.
Ongoing APR14.74% - 24.74% (Variable)16.74% - 25.49% Variable
Credit RequiredExcellentExcellent

Capital One® Quicksilver® Card Benefits

The Capital One® Quicksilver® Card is a great card for those who don't want to have to manage their points or rewards. You earn 1.5% cash back on all purchases—plain and simple. You can even set up automatic redemption for set times throughout the year or when you accumulate a certain amount of rewards. There is no fuss with the Capital One® Quicksilver® Card and it's impossible not to maximize its earning potential when making purchases.

Like the Chase Freedom Unlimited®, you have to have excellent credit to be approved for the Capital One® Quicksilver® Card. However Capital One offers the Capital One® QuicksilverOne® Cash Rewards Credit Card for those with average credit. This is a similar card to the Capital One® Quicksilver® Card but has no welcome bonus and comes with a $39 annual fee. Over time, Capital One® QuicksilverOne® Cash Rewards Credit Card cardholders can upgrade their cards to the Capital One® Quicksilver® Card if their credit improves. The Capital One® QuicksilverOne® Cash Rewards Credit Card is a worse overall card than the Capital One® Quicksilver® Card, but it could be advantageous for consumers with average credit. Chase does not have a comparable cash back option for individuals with average credit.

If you are a world traveler, it might be more convenient for you to get the Capital One® Quicksilver® Card. The Capital One® Quicksilver® Card has no foreign transaction (FX) fees, whereas the Chase Freedom Unlimited®'s is 3%. However, if you’re pairing the Chase Freedom Unlimited® with another Chase that has no FX fee—such as the Chase Sapphire Preferred® Card—then it may be the better card for you. This is because your points can be more valuable when redeemed for travel, and you can use your no-FX fee Chase card when traveling abroad.

Highlights

Chase Freedom Unlimited® Features

The Chase Ultimate Rewards (UR) points earned with the Chase Freedom Unlimited® can normally only be redeemed for cash-back rewards such as statement credits, gift cards and shopping at Amazon. However, if you have a Chase card that allows you to transfer your points to a variety of airline and hotel partners as well as discounts on UR purchases, you can pool your points under that account and increase their earning potential to $0.0125 or more.

The downside of this option is that the cards that allow you to make these transfers come with annual fees, such as the Chase Sapphire Preferred® Card which has a $95 ongoing annual fee which is waived for the first year. If you already have one of these cards and are already paying the annual fee, then there is no harm in applying for the Chase Freedom Unlimited®. Otherwise you will have to consider if it is worth paying a $95 annual fee. We recommend checking out our full review of the card.

Highlights

  • 1.875% or greater rewards rate when combined with certain Chase UR program cards
  • 15 month 0% introductory APR on purchases and balance transfers
  • Full Review

Comments and Questions

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Info about the following cards: American Express® Gold Card, Delta Reserve® Credit Card from American Express, Platinum Delta SkyMiles® Credit Card from American Express, Hilton Honors Surpass® Credit Card, American Express® Blue Sky, American Express® Green Card, The Amex EveryDay® Preferred Credit Card from American Express, The Plenti® Credit Card from Amex, Blue from American Express®, Platinum Card® from American Express Exclusively for Mercedes-Benz, Bluebird, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, and Starwood Preferred Guest® American Express Luxury Card has been collected independently by ValuePenguin. The issuer did not provide the details, nor is it responsible for their accuracy.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.