Capital One Quicksilver vs. Discover It Comparison: Choosing the right credit card can be a daunting task with so many options available. Two popular choices among consumers are the Capital One Quicksilver and the Discover It card. Both offer competitive benefits, but they cater to slightly different needs. This article delves deep into their features, rewards, fees, and overall suitability to help you make an informed decision.
Capital One Quicksilver vs. Discover It
| Feature | Capital One Quicksilver | Discover It |
|---|---|---|
| Annual Fee | $0 | $0 |
| Cash Back Rewards | 1.5% on all purchases | 5% in rotating categories (up to a quarterly max) and 1% on other purchases |
| Introductory APR | 0% for 15 months on purchases and balance transfers | 0% for 14 months on purchases and balance transfers |
| Foreign Transaction Fee | None | None |
| Credit Score Requirement | Good to Excellent | Good to Excellent |
Capital One Quicksilver vs. Discover It Rewards and Cash Back
Capital One Quicksilver The Capital One Quicksilver is known for its straightforward rewards system. Cardholders earn a flat 1.5% cash back on every purchase, every day. There are no categories to keep track of and no limits to how much you can earn. This makes it an excellent choice for those who prefer simplicity in their reward structure.
Discover It The Discover It card offers a more dynamic cash back system. Cardholders earn 5% cash back on everyday purchases at different places each quarter, such as grocery stores, gas stations, restaurants, or online shopping, up to the quarterly maximum each time you activate. All other purchases earn a flat 1% back. Additionally, at the end of your first year, Discover will automatically match all the cash back you’ve earned.
Fees and APR
Capital One Quicksilver This card boasts a $0 annual fee, which is great for those who want to avoid additional charges. The introductory APR is 0% for the first 15 months on both purchases and balance transfers. After the promotional period, the ongoing APR can vary based on your creditworthiness and the prime rate.
Discover It Just like the Quicksilver, the Discover It card also has no annual fee. Its introductory APR is 0% for 14 months on purchases and balance transfers. After this period, a variable APR applies, which, like the Quicksilver, depends on the user’s credit score and market conditions.
Capital One Quicksilver vs. Discover It Foreign Transactions and Travel Benefits
Capital One Quicksilver The Quicksilver card stands out when it comes to travel, as it has no foreign transaction fees. This makes it a wise choice for international travelers who don’t want to incur additional charges on purchases made outside the U.S.
Discover It Discover It also has no foreign transaction fees. However, one potential drawback is that Discover is not as widely accepted internationally as other major credit card brands. Therefore, while it’s great for domestic use, international travelers might face challenges in certain countries.
FAQs
Which card is better for someone who wants a straightforward rewards system?
The Capital One Quicksilver is ideal for those seeking simplicity, offering a flat 1.5% cash back on all purchases.
Is there a limit to the 5% cash back on the Discover It card?
Yes, the 5% cash back is up to a quarterly maximum, which requires activation. After reaching this limit, all other purchases will earn 1% cash back.
Do either of these cards offer a sign-up bonus?
Card promotions can vary, but as of the last update, the Capital One Quicksilver typically offers a one-time cash bonus after spending a certain amount within the first few months. Discover It’s sign-up “bonus” is the end-of-year cash back match for new cardholders.
Which card is better for international travel?
While both cards have no foreign transaction fees, the Capital One Quicksilver might be a better option due to wider international acceptance compared to Discover.
Final Words
The decision between the Capital One Quicksilver and Discover It cards largely depends on individual spending habits and preferences. If you value a simple and straightforward rewards system, the Quicksilver might be the right fit. However, if you’re looking to maximize cash back on rotating categories and enjoy the idea of a first-year cash back match, the Discover It card holds immense value.
Remember to always review the most recent terms and conditions before applying for any credit card, as offers and features can change. Making an informed decision based on your spending patterns and financial goals is the key to making the most out of your credit card experience.
