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The Capital One Quicksilver Cash Rewards Credit Card is a great option for those who want to earn a flat cash back rate on all of their purchases without having to worry about which bonus categories are going to earn them the most. This card offers 1.5% cash back on every purchase, every day. However, this card can be a bit harder to qualify for. 

You can get the same cash back rewards offered by the Quicksilver card by signing up for the Capital One® QuicksilverOne® Cash Rewards Credit Card. Besides qualification requirements, the main difference between the Quicksilver card and the QuicksilverOne card is that the QuicksilverOne card has an annual fee of $39, whereas the Quicksilver card doesn’t charge an annual fee. Apart from that, these two cards are nearly identical. 

Both cards come with free fraud liability protection, no foreign transaction fees and several other valuable benefits. If you can qualify for the no-annual-fee Quicksilver, that’s the better of the two options. If you are still building your credit, the QuicksilverOne card is still worth exploring since it offers cash back rewards. 

In this article, we’re going to compare these two cards head-to-head, acknowledge the advantages and disadvantages of both and see if there are better available options. 

Cash Back Earnings

Both the Quicksilver card and the QuicksilverOne card offer the same exact cash back earnings rates. Here are the cash back rates that apply to both of these cards: 

  • 10% cash back on purchases through Uber and Uber Eats (through Nov. 14, 2024)
  • 5% cash back on hotel and rental car purchases through Capital One Travel
  • 1.5% cash back on all other purchases

With the Quicksilver card, all of your cash back earnings will be no-strings-attached savings since there’s no annual fee. However, while the 1.5% flat cash back rate is certainly solid, it doesn’t stack up against some of the other no-annual-fee flat-rate cards out there. For instance, the Wells Fargo Active Cash® Card offers 2% cash back on all purchases as well as a welcome bonus. The Citi Double Cash® Card offers 1% cash back when you make a purchase and then another 1% cash back when you pay your bill, totalling 2% cash back. 

With the QuicksilverOne card, you’ll want to make sure that you’re spending enough on your card to earn enough cash back to make up for the $39 annual fee. By our calculations, you’d need to spend $2,600 at a cash back rate of 1.5% to earn $39 in cash back. If you don’t think you’d spend that much annually on your QuicksilverOne card, you’ll probably want to forgo getting this card. 

With both cards, the ability to earn 5% cash back on hotels and rental cars through Capital One Travel is a nice perk. While you probably won’t earn the lion’s share of your cash back this way, it’s nice to know that you can essentially get a 5% discount on certain vacation expenses. 

Cash back rewards point concept.

Side-By-Side Comparison

While the Quicksilver card and the QuicksilverOne card are identical in many ways, there are some key differences that you should be aware of. Mainly, the Quicksilver card offers no annual fee and a welcome bonus whereas the QuicksilverOne card charges a $39 annual fee and offers no welcome bonus. Here’s a side-by-side comparison of the two cards to illustrate more clearly: 

Capital One Quicksilver Cash Rewards Credit CardCapital One QuicksilverOne Cash Rewards Credit Card
Annual fee$0$39
Cash back rates
  • 10% cash back on purchases through Uber and Uber Eats (through Nov. 14, 2024)
  • 5% cash back on hotel and rental car purchases through Capital One Travel
  • 1.5% cash back on all other purchases
  • 10% cash back on purchases through Uber and Uber Eats (through Nov.14, 2024)
  • 5% cash back on hotel and rental car purchases through Capital One Travel
  • 1.5% cash back on all other purchases
  • Welcome bonusOne-time $200 cash bonus after you spend $500 on purchases within three months from account opening N/A
    Other notable benefits
  • Free fraud liability protection
  • No foreign transaction fees
  • Complimentary 6-month Uber One membership (available through Nov. 14, 2024)
  • Travel accident insurance
  • Free fraud liability protection
  • No foreign transaction fees
  • Complimentary 6-month Uber One membership (available through Nov. 14, 2024)
  • Travel accident insurance
  • Of course, the Quicksilver card beats out the QuicksilverOne card in every category. It’s just a little harder to qualify for.

    Quicksilver and QuicksilverOne Benefits

    While there are some key differences between the Quicksilver and QuicksilverOne cards, these two cards do share a lot of the same benefits (some of which come standard across all Capital One cards). Let’s take a look at the shared benefits. 

    Two young women and best friends doing some online shopping at home with a laptop and a credit card from online web shop sale while they smiling and they are happy

    Free Fraud Liability Protection

    One feature that comes with every Capital One credit card is free fraud liability protection. This feature protects cardholders from being responsible for any fraudulent charges in the event that their card is lost or stolen. 

    If Capital One detects any suspicious activity on your account, they’ll notify you via text, phone and email. Then, you can report the charge as fraudulent or confirm that you approved the charge. If you report the charge as fraudulent and Capital One is able to verify the fraud, you’ll be reimbursed for the full amount. 

    No Foreign Transaction Fees

    Another great benefit that comes with all Capital One credit cards is the fact that they don’t charge foreign transaction fees. That means that you can use your Capital One credit card in any country in the world to make purchases and not incur any additional fees. Some cards charge a foreign transaction fee of 3% (such the Wells Fargo Active Cash Card mentioned earlier). So, the fact that these cards don’t have foreign transaction fees could end up saving you a lot of money if you travel abroad often.

    Complimentary Uber One Membership

    Through Nov. 14, 2024, Capital One is offering a complimentary 6-month Uber One membership for signing up for certain credit cards (including both the Quicksilver card and QuicksilverOne card) as part of their partnership with Uber. An Uber One membership includes the following perks: 

    • Unlimited free delivery on eligible food, groceries and more on Uber Eats
    • Up to 10% off eligible orders with UberEats
    • Up to 5% off eligible rides with Uber
    • Member-only perks and promotions

    If you have one of the eligible Capital One cards and you want to sign up for your complimentary 6-month Uber One membership, you can do so directly through the Uber or Uber Eats app. You’ll need to use your Capital One card as your payment method, select a monthly plan (not a yearly plan) and don’t use any Uber Cash to pay for your membership. 

    Once you confirm your membership, your Capital One card will be charged the monthly membership fee and then you’ll receive a statement credit for the full amount of the fee shortly after. 

    If you don’t want to pay for Uber One after your complimentary 6-month period is up, just make sure to cancel your membership before the end of the sixth month. 

    Key Differences

    In deciding between the Capital One Quicksilver card and the Capital One QuicksilverOne card, there are just a few main differences to consider.

    Annual Fee

    Whereas the Quicksilver card doesn’t charge an annual fee, the QuicksilverOne card has an annual fee of $39. There are no-annual-fee credit cards out there (such as the Capital One Platinum Credit Card). Unfortunately, they usually don’t offer cash back rewards like the QuicksilverOne card. 

    If you’re wondering whether paying the $39 annual fee for the QuicksilverOne card is worth it, the calculation is simple. You’ll need to earn at least $39 in cash back in order to make paying for this card worthwhile. At the base cash back rate of 1.5%, you’d need to spend $2,600 annually to earn $39 in cash back. 

    Welcome Bonus

    The Quicksilver card currently offers a welcome bonus to new cardholders. Unfortunately, the QuicksilverOne offers no such bonus.

    Welcome Bonus

    Other Cards to Consider

    While both the Quicksilver card and the QuicksilverOne card are solid options, there are some other cards out there that you may want to consider first. 

    Wells Fargo Active Cash® Card

    In terms of no-annual-fee cards, the Quicksilver card from Capital One is a solid option, especially for people who want to earn a flat cash back rate and not worry about various spending categories. However, there are other no-annual-fee cards out there that offer even higher flat cash back rates than the Quicksilver card. 

    The Wells Fargo Active Cash® card offers 2% cash back on every purchase, every day. It also offers a welcome bonus. Plus, when you pay your cell phone bill with the Active Cash card, you’ll get up to $600 of cell phone protection against damage or theft. This perk is hard to find with other no-annual-fee cards. 

    On the other hand, if you’re willing to go with a card that has multiple bonus categories, you’ll probably want to look into the Capital One® SavorOne® Cash Rewards Credit Card. This card comes with the same suite of basic benefits that the Quicksilver card does, but it has the potential to earn even more cash back depending on your spending patterns. Here are the bonus categories for the SavorOne card: 

    • 10% cash back on purchases through Uber and Uber Eats (through Nov. 14, 2024)
    • 8% cash back on purchases through Capital One Entertainment
    • 5% cash back on purchases through Capital One Travel
    • 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores such as Walmart and Target)
    • 1% cash back on everything else

    As you can see, this card has the potential to earn tons of cash back, all without paying an annual fee. Plus, the SavorOne card offers a welcome bonus. 

    Petal® 2 Visa® Credit Card

    The QuicksilverOne card’s flat cash back rate of 1.5% is as good as it gets for people with average credit. Still, you may want to look into some other options before signing up for the QuicksilverOne card to see if there are any other cards that are better suited to your needs. 

    Another decent option that’s easy to qualify for is the Petal® 2 Visa® Credit Card, which doesn’t have an annual fee, doesn’t charge foreign transaction fees, doesn’t charge late fees (whereas the QuicksilverOne may charge up to $40) and offers some solid cash back rewards. 

    With the Petal 2 card, you’ll start out earning 1% cash back on all purchases. Then, after making 12 months of on-time payments, your cash back rate will be boosted to 1.5% on all purchases. All the while, Petal will send you special offers via email where you can earn between 2% and 10% cash back at certain merchants. If you’re willing to adjust your spending to take advantage of these targeted offers, you can earn a lot of cash back. 

    The Bottom Line

    The QuicksilverOne card charges an annual fee of $39 and doesn’t offer any welcome bonus, while the Quicksilver card offers a welcome bonus and doesn’t charge an annual fee. The only reason to opt for the QuicksilverOne card is that it is a bit easier to qualify for. 

    There are other no-annual-fee cards that offer better flat cash back rates, such as the Wells Fargo Active Cash card (which offers 2% cash back on all purchases compared to the Quicksilver card’s 1.5%). You could also earn more cash back with the no-annual-fee Capital One SavorOne card, which has generous cash back rewards in several categories. 

    Another card that’s easy to qualify for is the Petal 2 card, which doesn’t charge an annual fee and has comparable cash back rewards to the QuicksilverOne card. 

    If you decide that the QuicksilverOne card is the best option for you, you should know that you’ll need to spend at least $2,600 annually at a cash back rate of 1.5% in order to offset this card’s $39 annual fee. If you don’t think that you’ll spend that much on your card in a year, it’s probably better to look for a different card.