Capital One® Venture® Rewards Credit Card vs. Capital One® Quicksilver® Cash Rewards Credit Card: Which is best for you?
January 15, 2020
It’s the age-old rewards dilemma: travel rewards or cash back? Choosing between the Capital One® Venture® Rewards Credit Card and the Capital One® Quicksilver® Cash Rewards Credit Card may come down to more than that, since both are among the best in the travel rewards and cash back categories, respectively.
Both come with zero foreign transaction fees and extended purchase warranties. Travel accident insurance, roadside assistance and an auto rental collision damage waiver are also included. For the security-conscious, $0 fraud liability and virtual credit card numbers mean shopping online with confidence. There’s even a dedicated Capital One Mobile App for managing your account on the go.
At a glance comparison
If you’re choosing between the Venture Rewards and the Quicksilver cards, then the best place to start is to compare the basics.
|Venture Rewards from Capital One||Quicksilver from Capital One|
|Annual Fee||$0 for the first year, then $95 thereafter.||$0|
|Rewards Rates||Unlimited 2x miles per dollar on purchases.||1.5% cash back on every purchase.|
|Sign-Up Bonus||50,000 bonus miles when you spend $3,000 on purchases within the first three months.||$150 cash bonus when you spend $500 within the first three months; 0% Introductory APR on purchases and balance transfers for 15 months. After that, there is a variable APR of 15.49% – 25.49%.|
|Credits||Up to $100 credit on Global Entry or TSA Precheck.||None.|
|Authorized User Fee||$0||$0|
The case for the Venture Rewards from Capital One
It’s no secret that earning points through travel rewards credit cards can get pretty confusing. And for many, navigating the world of bonus rewards categories is simply too much hard work.
A travel rewards card minus the complications
If you love the idea of travel rewards but are put off by the usual elaborate program rules, then Capital One’s Venture Rewards is card for you. It does away with all the complexity: you get double miles for every dollar with every purchase. With no expiration on your miles or annual limits to worry about, this card is great for everyday spending, so you can build up points and cut the cost of your next holiday.
Redemption is versatile, too. But the real knock-out feature with the Venture Rewards card is the flexibility to transfer your miles to more than 15 travel loyalty programs. With Asia Miles, Emirates Skywards, Flying Blue, Ethihad Guest and KrisFlyer all included amongst other big names, you’ll be spoiled with choice on how to best use those miles to satisfy your wanderlust.
The case for the Quicksilver from Capital One
Despite the simplicity of Venture Rewards, the Quicksilver credit card still wins when it comes to effortless rewards.
Zero cost and low maintenance
Unlike Venture Rewards, the Quicksilver card has no annual fee. Your 1.5% cash-back rate applies to all purchases, with no caps or limits. You can redeem cash back anytime as there are no minimum redemption requirements, and your rewards can come in the form of a check, statement credit, an offset to a recent purchase or even a gift card.
The advantage with cash rewards is that there is more certainty — you know exactly how much your benefits are worth, and you won’t need a vacation to enjoy them. In short, if you’re after a card with no annual fee, you won’t have to think about that still offers tangible rewards you can redeem anytime, then the Quicksilver is it.
Sign-up offers to sweeten the deal
The Quicksilver also edges out the Venture Rewards card if you have a big purchase coming up or if you have an existing credit card balance to transfer. The Quicksilver gives you 0% introductory APR on both purchases and balance transfers, which can potentially save you a lot of interest over 15 months. After that, there is a variable APR of 15.49% – 25.49%.
Compared to the 50,000 bonus miles offered by Venture Rewards, Quicksilver’s cash bonus of $150 may seem insignificant. But bear in mind that you’ll need to spend $3,000 to get the bonus miles and just $500 for the cash bonus.
In a nutshell
When choosing between these two credit cards, you’ll need to take into account what you want to do with the rewards and how much effort you want to put into earning them.
Think of the Venture Rewards card as a helping hand to make vacations happen more regularly or better in some way. This means you’ll benefit from this card if you love to travel and actually go away often enough to justify the annual fee.
The Quicksilver will be a better choice if you’re unsure about restricting your rewards to travel use or if you just want easy, tangible benefits. Of course, the 0% introductory APR for 15 months can be a deciding factor too, if you have a big purchase coming up or an existing balance to transfer. After that, you’ll have a variable APR of 15.49% – 25.49%.