JGI/Tom Grill/ Getty Photos; Illustration by Austin Courregé/Bankrate
Key takeaways
- The Chase Freedom Limitless® and Capital One Quicksilver Money Rewards Credit score Card are no-annual-fee money again playing cards that may go well with many life and wallets.
- Each playing cards play nicely inside their issuer’s respective rewards applications, 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 would allow you 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 seem comparable because of 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 even perhaps a cause to decide on one over the opposite.
If it’s a must to decide only one, we’d recommend the Chase Freedom Limitless because of its added rewards classes, the flexibleness of the Chase Final Rewards program and the extra insurance coverage protections you obtain. Nonetheless, the Capital One Quicksilver Money Rewards Credit score Card gives a greater welcome bonus whereas additionally together with versatile redemption choices and an assortment of journey and buy protections.
Preserve studying to study extra about the principle perks of those two rewards bank cards and the way they examine.
Principal particulars
| Chase Freedom Limitless® | Capital One Quicksilver Money Rewards Credit score Card | |
|---|---|---|
| Welcome bonus |
|
|
| Rewards price |
|
|
| Intro APR | 0% intro APR on purchases and stability transfers for 15 months; 18.99% – 28.49% Variable APR thereafter. Intro stability switch charge of three% with a $5 minimal for stability transfers made throughout the first 60 days from account opening; 5% with a $5 minimal thereafter | 0% intro APR on purchases and stability transfers for 15 months; 19.24% – 29.24% (Variable) APR thereafter. Steadiness switch charge applies |
| Annual charge |
| $0 |
| International transaction charge | 3% of every transaction in U.S. {dollars} | None |
Chase Freedom Limitless vs. Capital One Quicksilver highlights
Let’s look at the principle highlights of Chase Freedom Limitless and Capital One Quicksilver to find out which one is likely to be most helpful on your pockets.
Welcome bonus winner
Rewards price winner
Intro APR winner
Annual charge winner
International transaction charge winner
Which card earns essentially 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 way of your card’s portal
- $200 on eating
- $150 on every thing 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 in case you repeat this spending for a whole yr.
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 every thing else, for a complete of $30.25 in month-to-month earnings. That might be $363 in money again earned for the yr, which is $36 lower than you’d earn with the Chase Freedom Limitless.
After all, 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 probably being price extra when redeemed than rewards earned with Quicksilver.
Why must you get the Chase Freedom Limitless?
The Chase Freedom Limitless is price it for a lot of on a regular basis spenders because it gives strong incomes potential, together with 1.5 % money again on non-category purchases, and a good first-year welcome supply. Nonetheless, there are a number of extra causes to select this card.
Why must you get the Capital One Quicksilver?
The Capital One Quicksilver appeals to a lot of the identical viewers because the Chase Freedom Limitless because of its lack of an annual charge, achievable welcome bonus and identical base flat rewards price. Nonetheless, there are a number of the explanation why Quicksilver could also be price extra to you than Freedom Limitless.
The underside line
The Chase Freedom Limitless and Capital One Quicksilver Money Rewards Credit score Card are each excellent for these seeking to earn at the very least 1.5 % money again on each buy — and for no annual charge.
The Chase Freedom Limitless pulls out barely forward because of its added rewards classes and potential for extra versatile redemption choices, however solely you possibly can resolve which card works higher on your monetary wants and objectives. In case you’re already accumulating rewards within the Final Rewards or Capital One miles universes, it’s possible you’ll wish to follow the cardboard that may help you proceed so as to add rewards to that pool.
After all, earlier than you make your selection and apply, think about studying by way of Bankrate’s listing of one of the best money again bank cards in the marketplace.
