JGI/ Tom Grill/ Getty Images; Illustrations by Austin Coule Certified/Bankrate
Chase FreedomUnlimited® and Capital One Quicksilver Cash Rewards credit cards may appear similar for non-category reward rates and annual fees of $0. However, if you dig deeper, there is a considerable difference between these two cashback credit cards. There’s probably even a reason to choose more than one.
If you only need to select one, we suggest The Chase Freedom Unlimited for Chase Freedom Unlimited, for flexibility in the Chase Ultimate Rewards program, and for the additional insurance protection you receive, as the Rewards category has been added. However, the Capital One Quicksilver Cash Rewards credit card offers a better welcome bonus, including flexible redemption options and an assortment of travel and purchase protection.
Keep reading to learn more about the main perks of these two reward credit cards and how they compare.
Main details
| Chase FreedomUnlimited® | Capital One Quick Silver Cash Rewards Credit Card | |
|---|---|---|
| Welcome bonus |
|
|
| Remuneration rate |
|
|
| Intro April |
0% intro APR on 15 months purchases and balance transfers. 18.99%-28.49% Variable Then in April. A 3% intro balance transfer fee of at least $5 for balance transfers made within the first 60 days of account opening. 5% at least $5 |
0% intro APR on 15 months purchases and balance transfers. 19.24%-29.24% (variable) Then in April. Balance transfer fee applies |
| Annual fees |
|
$0 |
| Foreign transaction fees | 3% of each transaction is in US dollars | none |
Chase Freedom Unlimited vs. Capital One Quicksilver Highlights
Find out the main highlights of Chase Freedom Unlimited and Capital One Quicksilver to determine which ones are most useful for your wallet.
Which cards make the most money?
Chase Freedom Unlimited and Capital One Quicksilver have similar fees and profits, but how do the ongoing revenue from these cards compare?
Chase Freedom Unlimited vs. Capital One Quicksilver Expense Example
Let’s say you spend the following in a month with either card:
- $500 for hotel trips booked via card portal
- $200 for meals
- $150 for everything else
With Chase Freedom Unlimited you earn $25 cashback on hotel travel purchases, $6 cashback on meals, and $2.25 for all other non-category purchases. If you repeat this spending for a year, this is $399 cashback.
On the other hand, Capital One Quick Silver will allow you to earn $25 cashback when purchasing a hotel, $3 in the dining area, and $2.25 in everything else. That’s the $363 cashback you earned over the year, which is $36 cheaper than making money with Chase Freedom Unlimited.
Of course, this example does not highlight the additional rewards you earn from drugstores or Lyft spending. This means that the already higher earned chasing freedom will earn you even more rewards. Furthermore, this example does not explain that it may be more valuable if redeemed than the rewards earned in Quicksilver.
Why do I need to have unlimited Chase Freedom?
Chase Freedom Unlimited is valuable to many everyday spenders as it offers solid revenue potential, including 1.5% cashback on non-category purchases and a first-year welcome offer. However, there is a little more reason to choose this card.
Why should you get the capital in one quick silver?
Capital One Quicksilver appeals to many of the same audience as Chase Freedom Unlimited, as it lacks annual fees, achievable welcoming bonuses, and the same base flat reward rate. However, there are several reasons why Quicksilver may be more valuable to you than limiting your freedom.
Conclusion
Chase Freedom Unlimited and Capital One Quicksilver Cash Rewards credit cards are perfect for those who want to earn at least 1.5% cashback per purchase. There is also no annual fee.
Chase Freedom Unlimited withdraws slightly ahead of time due to the possibility of additional reward categories and more flexible redemption options, but allows you to determine which cards are suitable for your financial needs and goals. If you’ve already collected rewards in the Ultimate Reward or Capital One Mile Universe, we recommend sticking to cards that allow you to continue adding rewards to that pool.
Of course, consider reading a list of the best cashback credit card bank rates on the market before choosing and applying.
