Edited by: Jessica Merritt
& Stella Shon
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There’s plenty to be said about keeping things simple, even when selecting a credit card. Few credit card issuers do a better job of reflecting that philosophy than Capital One.
The card issuer is historically known for its core collection of rewards-earning cards that offer simplified earning structures yet also provide flexible choices at redemption time.
Today we’re narrowing our comparison to 2 cards that match this description perfectly — the Capital One VentureOne Rewards Credit Card and the Capital One QuicksilverOne Cash Rewards Credit Card.
We’ll look closely at how the cards compare in earning potential, your options at redemption time, and the accompanying card benefits.
While both cards have similarities, chances are that one card is a better fit for you than the other.
Shortly, we’ll take a deeper dive and look specifically at how each card works.
But first, here’s an overall summary of how the cards compare in all the key features and benefits:
|Card||Capital One VentureOne Rewards Credit Card||Capital One QuicksilverOne Cash Rewards Card|
|Annual Fee||$0 (rates & fees)||$39 annual fee (rates & fees)|
|Welcome Offer||Earn 20,000 miles when you spend $500 on purchases in the first 3 months.||[up cc_id=2102 name="capone-quicksilverone-cash-offer+"]|
|Top Travel Protections and Benefits||
No foreign transaction fees (rates & fees)
|Top Shopping Protections and Benefits||
|Additional Benefits||0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that (rates & fees)||N/A|
$0 to add authorized users
Once approved for the Capital One VentureOne card, you can earn a welcome offer. The welcome offer is earned by meeting minimum spending requirements within the specified period after card approval.
The Capital One VentureOne card historically has a welcome offer worth a few hundred dollars. Since welcome bonus offers can change, here are snapshots of our featured cards with current information. Be sure to check for the most recent offer before applying for any card.
The card offers unlimited miles at 1.25x per $1 and no annual fee. When you consider the flexible rewards, frequent travelers come out on top.
Interested in a travel rewards credit card without one of those pesky annual fees? Then say hello to the Capital One VentureOne Rewards Credit Card, the no-annual-fee version of the more popular Capital One Venture Rewards Credit Card.
In addition to no annual fee, the Capital One VentureOne card offers no foreign transaction fees.
But is this card worth its salt, or is it merely a shell of the more popular Capital One Venture card?
Unlimited 1.5% cash-back on all purchases while you work your way up to a higher credit line. Redeem rewards for any amount at any time.
If you’re looking to build your credit, and earn cash-back rewards while doing so, then the Capital One QuicksilverOne Cash Rewards Credit Card is a fantastic option. You can increase your credit line just paying your bill on time every month and you’ll earn an unlimited 1.5% cash-back on all of your purchases.
Once you’re approved for either of our featured cards, you can earn additional rewards by referring family and friends and by spending on your new card.
Here’s how you’ll earn rewards on the Capital One VentureOne card and the Capital One QuicksilverOne card.
No need to memorize complicated earning schemes as accumulating rewards on either the Capital One VentureOne card or Capital One QuicksilverOne card is straightforward.
Rewards earned on the Capital One VentureOne card are earned as Capital One miles that work as travel rewards (not frequent flyer miles), while the Capital One QuicksilverOne card earns cash-back.
Here’s how you’ll earn rewards on every purchase you make with either card:
|Earning Category||Capital One VentureOne Card||Capital One QuicksilverOne Card|
|All Other Purchases||1.25 miles||1.5% cash-back|
While it’s obvious that the Capital One VentureOne card earns less overall than the Capital One QuicksilverOne card, keep in mind that the latter does have an annual fee. You would need to spend $2,600 each year (x 1.5%) to offset the $39 annual fee (rates & fees).
Earnings are just one reason to select one card over the other. Let’s continue by looking at how the redemption options, card features, and additional benefits compare.
When it’s time to redeem the rewards you’ve earned on the Capital One VentureOne card or the Capital One QuicksilverOne card, you’ll have several options.
|Redemption Options||Capital One VentureOne Card||Capital One QuicksilverOne Card|
|General Statement Credit||Redeem miles at 0.5 cents per mile (poor value)||Redeem cash-back as a statement credit|
|Additional Redemption Options||Cash, gift cards, charitable donations, Capital One Entertainment, Amazon, or at checkout on PayPal (value varies)||Cash, gift cards, Amazon, checkout on PayPal (value varies)|
The best potential redemption value for your rewards comes with the Capital One VentureOne card when transferring miles to airline or hotel partners for award flights or free hotel nights.
Cash-back rewards earned on the Capital One QuicksilverOne card can be transferred to the Capital One VentureOne card if you have both cards. Then, the rewards can be transferred to airline or hotel partners. Cash-back rewards can also be transferred to the Capital One Venture Rewards Credit Card or the Capital One Venture X Rewards Credit Card.
Redeeming miles as a statement credit for purchases other than travel with the Capital One VentureOne card can result in a poor value of 0.5 cents per mile and is not recommended. The Capital One QuicksilverOne card allows you to redeem cash-back for the full value of 1 cent towards a statement credit.
Travel protections can provide coverage should something go wrong during your trip. Travel benefits can save you money on select purchases and also make your trip more comfortable.
A typical foreign transaction fee is 3% of the total transaction. You won’t have to worry about foreign transaction fees as neither of our featured cards charges these fees.
You’ll find these additional protections and benefits on each featured card:
Reserve and pay for your entire rental with your card, decline the rental agency’s CDW/LDW coverage, and receive secondary coverage for theft, damage, loss of use, and towing on your rental car for rentals 31 days or less outside your country of residence. Rentals of 15 days or less are covered for secondary coverage within your country of residence. Secondary coverage means that you must first file a claim with any other applicable insurance before card coverage applies.
The lost luggage benefit delivers secondary coverage if your bags are lost or stolen. Should a loss occur, you could receive any difference between the common carrier claim payment and the actual amount of your claim.
For 1 pre-negotiated fee per service call, you can receive limited towing, tire changing of an inflated spare, jumpstarting, lock-out service, fuel delivery (cost of fuel not included), and standard winching.
Sign up for Uber One on the Uber app, select a monthly plan, and use your Capital One QuicksilverOne card as payment. You’ll be charged for the monthly membership and then receive a statement credit as reimbursement. Uber One gives you free delivery, 10% off eligible Uber Eats orders, and 5% off Uber rides. The complimentary membership is good for up to 6 months through November 14, 2024.
Shopping protections can provide coverage if something goes wrong with an eligible item after purchasing it with your card. Shopping benefits can save you money.
Here are the shopping protections and benefits you’ll find on both the Capital One VentureOne card and the Capital One QuicksilverOne card:
Log in to your online card account to find Capital One Offers from retailers, travel providers, and dining establishments. Save the offers you like to your account and make the required purchase to earn statement credits.
Capital One Shopping is a great way to find the lowest prices when online shopping. And the browser extension is available to everyone, not just cardholders. The tool searches for money-saving coupons and lower prices automatically, whenever you shop online.
As the Capital One QuicksilverOne card is designed to help build credit, it’s worth pointing out the account management features that come with the card. You’ll also find these features on the Capital One VentureOne card.
Extended warranty protection doubles the length of the manufacturer’s warranty of 2 years or less by a maximum of 2 additional years. For example, an item with a manufacturer’s warranty of 2 years has an additional 2 years of warranty added. With a manufacturer’s warranty of 1 year, an additional year is added.
Purchase an eligible item with the Capital One VentureOne card and receive coverage for damage or theft for up to 90 days from the purchase date if the item is damaged or stolen.
You could save money and pay back the purchase or balance transfer over time with the introductory 0% APR period for purchases on the Capital One VentureOne card: 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that (rates & fees).
Balance transfer fees of $3 or 3% (whichever is greater) of the total transaction apply.Hot Tip:
Manage your Capital One QuicksilverOne card well and be automatically considered for a credit limit increase after 6 months.
It’s recommended to have a good to excellent credit score to be considered for the Capital One VentureOne card. A good credit score is generally considered 670 or above, although we recommend having at least a 700 score to increase your chances of approval.
Additionally, Capital One states that a successful applicant “must never have declared bankruptcy or defaulted on a loan, or medical bill, and has had a loan or credit card for $5,000 or more in the last 3 years.”
For the Capital One QuicksilverOne card, a fair or average score is recommended. Fair credit is described by Capital One as “having defaulted on a loan in the past 5 years or having a limited credit history of less than 3 years.” Credit score company FICO states that a fair score is a credit score that falls between 580 and 669.
Fortunately, you can find out your chances of approval without risk by using the CardMatch tool. With no hard inquiry on your credit report, the tool lets you know if have card offers waiting for you. Capital One and other card issuers participate.
Capital One has its own preapproval tool that is also risk-free with no hard credit inquiry.Hot Tip:
For a risk-free way to find out if you have pending card offers waiting for you, use the CardMatch tool or the Capital One preapproval tool. Neither option results in a hard inquiry on your credit report until you’re ready to apply.
If your credit is closer to being excellent, you may want to consider a Capital One card with greater earnings and benefits.
Here are 2 popular Capital One cards we recommend:
The frequent traveler will find plenty of value in holding the Capital One Venture X card. We like that the card comes with up to $300 in annual credits to be used for travel purchased via Capital One Travel. The card also offers worldwide lounge access with a complimentary Priority Pass Select membership and has elevated earnings on travel purchased via Capital One Travel. Plus, every purchase you make will earn 2x miles.
Keeping with the theme of simplified earnings, you’ll love that the Capital One Venture card earns 2x miles on every purchase. There’s no need to keep track of bonus categories or register for quarterly promotional earnings. We also like that the card can come with a generous welcome offer which, once earned, can jumpstart your rewards-earning and allow you to book that vacation much sooner than you anticipated.
The Capital One VentureOne card, with a $0 annual fee (rates & fees), is a decent card choice if you have a good to excellent credit score and want flat-rate earnings on all your purchases. There’s also value in having the redemption option of transferring your miles to airline and hotel partners where your rewards can potentially be worth much more.
As it can be difficult to find a credit-building card that also earns rewards, the Capital One QuicksilverOne card could work well for you if you’re in that situation. The card has a competitive 1.5% cash-back earning rate on every purchase, a low $39 annual fee (rates & fees), and flexible choices at redemption time. With a high ongoing interest rate, the card does not work well if you need to carry a balance.
Additionally, if you own a business, you’ll want to check out Capital One’s collection of available business cards.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
If you have a good to excellent credit score, the Capital One VentureOne card is the better card choice due to the $0 annual fee (rates & fees), the ability to transfer miles directly to airline and hotel partners, and its travel/shopping benefits and protections.
While, in the past, the Capital One QuicksilverOne card was issued as a Visa, it is now issued as a Mastercard.
You cannot transfer rewards earned on the Capital One QuicksilverOne card to airline or hotel partners, but you can transfer rewards to miles-earning Capital One cards such as the Capital One VentureOne card, the Capital One Venture card, or the Capital One Venture X card. Once transferred, you can then transfer from the miles-earning cards to airline and hotel partners.
The Capital One VentureOne card, depending on your creditworthiness determined by Capital One, can be issued either as a Visa Signature or a Visa Platinum.
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UP's Bonus Valuation
This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.