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?
- Capital One® Quicksilver® Card Analysis
- Chase Freedom Unlimited® Analysis
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® Card||Chase Freedom Unlimited®|
|Good For …|
|Bad For …|
|Rewards||1.5% 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.|
|Introductory APR||0% 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 APR||14.49% - 24.49% (Variable)||16.49% - 25.24% Variable|
|Other bonuses||N/A||2,500 points when your first authorized user makes their first purchase within three months of your account opening|
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® 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® Credit Card cardholders can upgrade their cards to the Capital One® Quicksilver® Card if their credit improves. The Capital One® QuicksilverOne® 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.
- Easy to use
- No foreign transaction fees
- Full Review
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.
The Chase Freedom Unlimited® has an additional bonus of 2,500 points for adding your first authorized user, which you receive after they make their first purchase within the first three months of your account opening. These points are valued at $25 in cash-back rewards or more if you choose to transfer your points to another Chase card's UR account, as described previously. While this is only a short-term benefit, this could tip the scales in favor of the Chase Freedom Unlimited® for those that plan on adding authorized users.
- 1.875% or greater rewards rate when combined with certain Chase UR program cards
- 15 month 0% introductory APR on purchases and balance transfers
- 2,500 point bonus after your first authorized user makes a purchase within three months of your account opening
- Full Review
Comments and Questions
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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.