Key takeaways
- The Chase Freedom Limitless® and Capital One Quicksilver Money Rewards Credit score Card are no-annual-fee money again playing cards that might match effectively into many existence and wallets.
- Each playing cards play effectively inside their issuer’s respective rewards packages, that means whichever rewards playing cards you have already got might level you towards both the Freedom Limitless or Quicksilver.
- Moreover, each playing cards supply robust introductory APR phrases that might make it easier to repay current debt or finance a big buy over time.
The Chase Freedom Limitless® and Capital One Quicksilver Money Rewards Credit score Card could appear comparable resulting from their non-category rewards charges and $0 annual charges. However dig deeper, and also you’ll discover fairly a number of variations between these two money again bank cards — and maybe even a purpose to decide on one over the opposite.
If you must choose only one, we’d be inclined to counsel the Chase Freedom Limitless resulting from its added rewards classes, the flexibleness of the Chase Final Rewards program and extra insurance coverage protections you obtain. Nevertheless, the Capital One Quicksilver Money Rewards Credit score Card provides a greater welcome bonus whereas additionally together with versatile redemption choices and an assortment of journey and buy protections.
Maintain studying to be taught extra about the principle perks of those two rewards bank cards and the way they stack up in opposition to one another.
Essential particulars
| Chase Freedom Limitless | Capital One Quicksilver Money Rewards Credit score Card | |
|---|---|---|
| Welcome bonus | Earn an additional 1.5% money again on all purchases (as much as $20,000 spent) the primary 12 months — price as much as $300 in money again | $200 money bonus after spending $500 on purchases throughout the first 3 months |
| Rewards fee |
|
|
| Intro APR |
|
|
| Annual price | $0 | $0 |
| International transaction price | 3% | None |
Chase Freedom Limitless vs. Capital One Quicksilver highlights
Let’s take a more in-depth have a look at the principle highlights of the Chase Freedom Limitless and Capital One Quicksilver to find out which one could be most helpful on your pockets.
Welcome bonus winner
Rewards fee winner
International transaction price winner
Which card earns probably the most?
The Chase Freedom Limitless and the Capital One Quicksilver include comparable charges and advantages, however how do the continuing earnings on these playing cards examine?
Chase Freedom Limitless vs. Capital One Quicksilver spending instance
Let’s say you spend the next in a month with both card:
- $500 on lodge journey booked by your card’s portal
- $200 on eating
- $150 on the whole lot else
With the Chase Freedom Limitless, you’d earn $25 in money again on lodge journey purchases, $6 in money again on eating and $2.25 on all different non-category purchases, for a complete of $33.25 in month-to-month money again earnings. That’s $399 in money again should you repeated this spending for a whole 12 months.
Utilizing the Capital One Quicksilver, however, you’d earn $25 in money again on lodge purchases, $3 in money again on eating and $2.25 on the whole lot else, for a complete of $30.25 in month-to-month earnings. That will be $363 in money again earned for the 12 months, which is $36 lower than you’d earn with the Chase Freedom Limitless.
In fact, on this instance, we’re not highlighting the extra rewards you’d earn from any drugstore or Lyft spending — that means the already higher-earning Chase Freedom might earn you much more rewards. Moreover, this instance doesn’t account for Final Rewards factors presumably being price extra when redeemed than rewards earned with Quicksilver.
Why do you have to get the Chase Freedom Limitless?
The Chase Freedom Limitless is price it for a lot of on a regular basis spenders because it provides stable incomes potential, together with 1.5 p.c money again on non-category purchases, and a good first-year welcome supply. Nevertheless, there are a number of extra causes to choose this card.
Further advantages
With the Chase Freedom Limitless, you’ll obtain buy safety that covers new gadgets in opposition to injury and theft, in addition to prolonged guarantee safety that provides an extra 12 months to many U.S. producer warranties. You’ll additionally obtain journey cancellation and journey interruption insurance coverage, auto rental insurance coverage and roadside help.
When it comes to associate provides, you’ll be able to take pleasure in a complimentary 3 months of DashPass, a subscription service that provides $0 supply charges on DoorDash orders over $12 (if you activate by Dec. 31, 2024). Don’t overlook, you too can earn 5 p.c money again on Lyft rides by March 31, 2025.
For a full listing of the whole lot the cardboard has to supply, think about studying our Chase Freedom Limitless advantages information.
Redemption choices
The rewards you earn with the Chase Freedom Limitless are redeemable for the next:
Really useful credit score rating
to wonderful credit score rating of 670 or above is advisable.
Why do you have to get the Capital One Quicksilver?
The Capital One Quicksilver appeals to a lot of the identical viewers because the Chase Freedom Limitless resulting from its lack of an annual price, achievable welcome bonus and identical base flat rewards fee. Nevertheless, there are a number of the reason why the Quicksilver could also be extra price it for you in comparison with the Freedom Limitless.
Further advantages
In addition to not paying a international transaction price for purchases made overseas, the Capital One Quicksilver provides journey accident insurance coverage and different journey coverages by Mastercard. You may also take pleasure in prolonged guarantee safety at no cost on eligible gadgets bought together with your bank card and buy safety within the case of harm or theft.
Plus, Quicksilver cardholders obtain as much as six months of complimentary Uber One membership (previously Uber Eats Move) by Nov. 14, 2024. This perk has the potential to save lots of you round $60 in membership charges.
For a extra in-depth have a look at the cardboard’s choices, learn by Bankrate’s Capital One Quicksilver Card advantages information.
Redemption choices
Capital One Quicksilver rewards could be redeemed in a number of other ways:
- Money again within the type of a press release credit score or verify
- Cowl current purchases
- Journey by Capital One’s portal
- Pay with rewards on Amazon.com or through PayPal
- Reward playing cards
- Factors you’ll be able to mix beneath miles-earning Capital One playing cards and switch your rewards to journey companions
Really useful credit score rating
You need to be capable of qualify for the Capital One Quicksilver in case your credit standing is sweet to wonderful (round 670 or greater).
The underside line
The Chase Freedom Limitless and Capital One Quicksilver Money Rewards Credit score Card are each supreme for these seeking to earn no less than 1.5 p.c money again on each buy — and for no annual price.
The Chase Freedom Limitless pulls out barely forward resulting from its added rewards classes and potential for extra versatile redemption choices, however solely you’ll be able to determine which card works higher on your monetary wants and objectives. When you’re already accumulating rewards within the Final Rewards or Capital One miles universes, it’s possible you’ll need to keep on with the cardboard that can permit you to proceed so as to add rewards to that pool.
In fact, earlier than you make your alternative and apply, think about studying by Bankrate’s listing of the very best money again bank cards in the marketplace.
