Home Credit card Capital One VentureOne Rewards Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card

Capital One VentureOne Rewards Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card

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Although the Capital One VentureOne Rewards Credit Card is marketed as a travel card, the Capital One Quicksilver Cash Rewards Credit Card is the most lucrative choice for your travel and day-to-day expenses because it generates a higher cashback rate .

The VentureOne offers an added travel benefit of car rental insurance*, but this does not exceed the value of the Quicksilver rewards. The Quicksilver still comes equipped with travel accident insurance*, and none of the cards have foreign transaction fees.

Which card does it better?

Card feature Winner

Awards

Mercury

welcome bonus

Tie

Costs

Tie

Travel benefits

Venture One

Introductory APR Offer

Tie

Introductory offer: $200 one-time cash bonus after spending $500 on purchases within 3 months of account opening

APR: 17.99% – 27.99% (Variable)

Intro Purchase APR: 0% intro on purchases for 15 months

Recommended credit: Excellent, good

Reward rate:

  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of travel options. Conditions apply
  • Earn unlimited 1.5% cash back on every purchase, every day

Annual fee: $0

Introductory offer: Earn 20,000 bonus miles once you spend $500 on purchases within 3 months of account opening, which equals $200 on travel

APR: 17.99% – 27.99% (Variable)

Intro Purchase APR: 0% intro on purchases for 15 months

Recommended credit: Excellent, good

Reward rate:

  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of travel options
  • Earn unlimited 1.25X miles on every purchase, every day.

Annual Fee: $0

Awards

Winner: Capital One Quicksilver

The Quicksilver offers 1.5% cash back on every purchase, compared to VentureOne’s 1.25 miles per dollar. They also earn 5% cash back and 5x miles per dollar for rental cars and hotels booked through Capital One Travel, respectively.

No matter how you slice it, the Quicksilver will offer more rewards than the VentureOne for the same amount of spend.

welcome bonus

Winner: Tie

Here are the welcome bonuses for both cards:

  • Capital OneVentureOne: Earn 20,000 bonus miles once you spend $500 on purchases within three months of account opening
  • Capital One Quicksilver: Earn a $200 cash bonus after spending $500 on purchases within three months of account opening

As long as you choose to redeem your 20,000 miles with VentureOne for past travel expenses or to book travel through Capital One Travel, the bonus will be worth $200. Both welcome bonuses offer the same value for the same amount spent.

Costs

Winner: Tie

Neither card has annual fees or foreign transaction fees. They both have late payment fees, cash advance fees, and balance transfer fees, so neither card is gaining traction here.

Travel benefits

Winner: Venture One

The VentureOne Rewards card has a slight edge here thanks to the addition of its Car Rental Insurance benefit*. The Quicksilver offers cardholders extended warranty protection* and travel accident insurance*, but not car rental insurance.

It should be noted that the Quicksilver has limited trade-in options for travel compared to the VentureOne. If you plan to use mileage transfers, you can only do so with the VentureOne. However, Capital One doesn’t partner with many US airlines, so unless you primarily fly overseas, you’re still best off using the Quicksilver for its strong rewards.

Introductory APR Offer

Winner: Tie

Both credit cards offer cardholders the ability to avoid interest charges for new purchases and balance transfers through their introductory APR offers. With either card, people get an introductory APR of 0% for purchases and balance transfers for 15 months (then 17.99% to 27.99% variable).

During this time you can pay off existing credit card debt through a balance transferor make a large purchase and pay off the balance when it’s not earning interest.

Keep in mind that both cards carry a 3% balance transfer fee during those 15 months, with no charge after the 15 months are over. But don’t let that deter you from using a balance transfer during this time. A balance transfer fee may seem intimidating, but it will often end up saving you money when combined with an introductory APR given the high level of interest rates.

The bottom line

Ultimately, the Quicksilver is the most powerful card thanks to its higher redemption rate while still offering a few travel-related benefits. What the VentureOne has on the Quicksilver – rental car insurance* – isn’t enough to tip the scales in its favor given that the two cards are on equal footing in many other respects .

FAQs

What is the difference between a travel rewards card and a general rewards card?

Typically, the difference is in the rewards program and benefits. A travel card might come with travel insurance or airport comfort, while a general rewards card might come with benefits that insure your purchases. A travel card will likely earn miles or points, while a general rewards card might earn points or cash back.

How can I be covered by my credit card insurance offer?

Simply decline any travel accident insurance offered by the merchant and charge the full amount to your card, whether for a plane ticket or a rental car, and you will be eligible for the insurance.

Why would I want a balance transfer?

Balance transfers are a great tool to use to reduce your credit card debt and improve your credit. Even if there are balance transfer fees, the cost of a single payment will generally be better than the cost of paying multiple interest charges at a high APR. By reducing your credit card debt, you will also increase your credit scores by reducing your credit utilization rate, which is the percentage of your overall credit that you are using.

*Terms, conditions and exclusions apply. Please see your Benefits Guide for more details.

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