Capital One Quicksilver vs. Chase Freedom Unlimited: Which is best for you?
December 23, 2019
We could all use some extra cash each month in our wallet, couldn’t we? When monthly cash back is combined with a generous one-time cash bonus, that’s even better! Points that you earn on every purchase can be redeemed for cash used for savings, splurges or everyday necessities.
Cash rewards cards like the Quicksilver from Capital One and the Chase Freedom Unlimited will help you to stretch your budget a bit further every month. And like most cards, you automatically receive additional budgeting and security tools with your new account. You can manage your finances more effectively by using online apps and alerts that come with these cards.
At a glance comparison
It’s essential to view the underpinnings of credit cards, like fees, rewards and bonuses that come with each. Take a look.
|Capital One® Quicksilver® Cash Rewards Credit Card||Chase Freedom Unlimited|
|Rewards Rates||Unlimited 1.5% cash back on every purchase.||Unlimited 1.5% cash back on every purchase.|
|Sign Up Bonus||$150 cash bonus after spending $500 on purchases in your first three months.||$150 cash back after spending $500 on purchases in your first three months.|
|Authorized User Fee||None||None|
The Capital One Quicksilver card has a host of excellent features:
The Chase Freedom Unlimited card has its own set of standout perks:
The case for the Capital One Quicksilver card
The cash bonus for this card isn’t quite as high as the Chase Freedom card, but the long list of other perks is significant. For example, there are no foreign transaction fees (Chase Freedom Unlimited has a 3% fee). Other travel-related perks like travel assistance and travel accident insurance are appealing and practical, especially if you find yourself in a challenging situation away from home.
If you’re a sports or music enthusiast, you can find offers through the Quicksilver account that may not be available elsewhere. The same goes for culinary experiences for individuals who love great dining options.
Are you hoping to transfer balances from other credit cards that carry high APR rates? If so, do it on this card in the first 15 months for the 0% introductory APR plus a 3% fee. After that, there is a variable APR of 15.49% – 25.49%. Chase Freedom Unlimited’s introductory offer for balance transfers is the same 0% APR plus a 3% fee, but transfers must be made within 60 days of account opening.
The case for the Chase Freedom Unlimited card
At first glance, the Chase card might not seem like it has as much to offer compared to the Quicksilver card, but take a closer look. First, you get an additional $150 bonus cash for hitting the $500 level of purchases within the first three months.
Several benefits of this card relate directly to the points you’re earning. Amazon shoppers can enjoy the ease of using their points through a linked Amazon account. The value of points may be increased when used for gift cards through special promotions, and if you own a separate premium Chase card, you can transfer points to make them more valuable, especially when booking through the Chase Travel Portal. Frequent travelers shouldn’t overlook the potential savings of Chase’s auto rental collision damage waiver coverage for theft and damage to a rental car.
In a nutshell
Both cards offer a $0 annual fee and a 0% APR for the first 15 months. After that, the Capital One Quicksilver card has a variable APR of 15.49% – 25.49% and the Chase Freedom Unlimited card has a variable APR of 16.49-25.24%. The cards even offer identical sized cash bonuses of $150. So, you really need to drop into the finer points of each to make a final choice. If the sports, music and dining experiences caught your eye, the Capital One Quicksilver is likely the card for you. Versatility in how you can use your points might attract you more to the Chase Freedom Unlimited card.
Both have extended warranty protection on eligible items purchased with the credit card, protect you against unauthorized charges made with your card or account information and offer account alerts for added security. The APR for unpaid balances after the first 15 months is nearly identical, too.
No matter which of these two cards you choose, you’ll also have the benefit of 24/7 customer service representatives.