Choosing the right cash back credit card can help you maximize rewards on everyday purchases. Two popular options from Capital One—the SavorOne and Quicksilver—offer competitive benefits, but which one is the best fit for you? In this guide, we’ll compare their rewards, fees, and perks to help you decide.
Overview of Capital One SavorOne and Quicksilver
Both the Capital One SavorOne and Quicksilver cards offer cash back rewards with no annual fee, but they cater to different spending habits.
- Capital One SavorOne: Best for those who spend heavily on dining, entertainment, and groceries.
- Capital One Quicksilver: Ideal for those who prefer a simple, flat-rate cash back on all purchases.
Cash Back Rewards Comparison
The primary difference between these two cards lies in their cash back structures.
Capital One SavorOne Rewards
- 3% cash back on dining, entertainment, popular streaming services, and grocery stores (excluding superstores like Walmart and Target).
- 1% cash back on all other purchases.
- 5% cash back on hotels and rental cars booked through Capital One Travel.
Capital One Quicksilver Rewards
- 1.5% cash back on all purchases with no category restrictions.
- 5% cash back on hotels and rental cars booked through Capital One Travel.
If you frequently dine out or subscribe to streaming services, the SavorOne card offers higher rewards. However, if you prefer a straightforward approach without tracking categories, Quicksilver’s flat 1.5% cash back may be more appealing.
Sign-Up Bonuses
Both cards offer a welcome bonus for new cardholders:
- Capital One SavorOne: Earn a $200 cash bonus after spending $500 in the first 3 months.
- Capital One Quicksilver: Earn a $200 cash bonus after spending $500 in the first 3 months.
Since both cards offer the same sign-up bonus, your decision should be based on long-term rewards rather than the initial incentive.
Fees and Interest Rates
Both cards have similar fee structures, making them cost-effective choices.
- Annual Fee: $0 for both cards.
- Foreign Transaction Fees: None, making them great for international travel.
- Intro APR: 0% on purchases and balance transfers for 15 months, then a variable APR applies.
Since neither card charges foreign transaction fees, they are excellent options for travelers.
Additional Benefits
Both cards come with valuable perks beyond cash back rewards.
Shared Benefits
- Extended Warranty Protection: Get additional coverage on eligible purchases.
- Travel Accident Insurance: Enjoy coverage when booking travel with your card.
- 24/7 Concierge Service: Access personalized assistance for travel, dining, and entertainment.
- Virtual Card Numbers: Enhanced security for online shopping.
Unique Benefits
- SavorOne: Exclusive access to dining and entertainment experiences through Capital One Entertainment.
- Quicksilver: Simplicity with no need to track spending categories.
Which Card Should You Choose?
Your choice depends on your spending habits and preferences.
- Choose Capital One SavorOne if: You frequently dine out, subscribe to streaming services, or spend on entertainment and groceries.
- Choose Capital One Quicksilver if: You prefer a simple, flat-rate cash back structure without tracking categories.
Final Thoughts
Both the Capital One SavorOne and Quicksilver cards offer excellent cash back rewards with no annual fee. If you want to maximize rewards in specific categories, the SavorOne is the better choice. However, if you prefer a hassle-free approach with consistent rewards on all purchases, the Quicksilver is ideal.
Before applying, consider your spending habits and how each card aligns with your financial goals. Whichever you choose, both options provide valuable benefits and a rewarding cash back experience.
