The card certainly makes earning cash-back easy. Unlike many cards, you don’t have to follow along with changing categories or maximum earnings because it’s 1.5% cash-back all the time.
Unfortunately for some cardmembers, this could also be a drawback: you can’t earn any more than 1.5% cash-back.
For instance, the Blue Cash Everyday® Card from American Express offers 3% cash-back on U.S. supermarket purchases up to $6,000, plus an unlimited 2% cash-back on purchases at U.S. gas stations and U.S. department stores. All other purchases earn 1%.
One solution is to use the Amex Blue Cash Everyday card for the higher earnings categories, and the Quicksilver card for everything else.
However, if you prefer a simple rewards card, then earning 1.5% cash-back across the board may be just fine!
Also, note that you’ll need excellent credit to qualify for the Amex Blue Cash Everyday card.
If your credit is average, then you could consider the Quicksilver card. You’ll still get 1.5% cash-back on all purchases, there’s a small sign-up bonus, and the annual fee is $39.
You may also get a lower credit line, however, after making your first 5 monthly payments on time, you can get access to a higher credit line.
Bottom Line: Some may find the 1.5% cash-back maximum on the Quicksilver card a bit low if you spend higher amounts in categories where other cards would earn 2% or more cash-back.
We’ve also compared the Quicksilver card to some other popular 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.
For rates and fees of the Blue Cash Everyday® from American Express, click here.