Capital One’s Platinum vs. Quicksilver: Quicksilver Clearly Wins — If You Qualify - NerdWallet (2024)

FAQs

Capital One’s Platinum vs. Quicksilver: Quicksilver Clearly Wins — If You Qualify - NerdWallet? ›

If you qualify for the Quicksilver card, there's no question you should choose it over the Capital One Platinum card. While neither card has an annual fee or foreign transaction fees, the Quicksilver offers 1.5% cash back on all purchases, a 15-month intro period with 0% APR and lower interest rates after that.

THE WINNER. Capital One Quicksilver is better than Capital One Platinum because it offers attractive rewards and a 0% introductory APR. Capital One Platinum doesn't offer low introductory rates or any kind of rewards – just the ability to build credit without paying an annual fee.

You'll need good-to-excellent credit (a score of at least 690 on the FICO scale) to qualify for the Capital One Quicksilver Cash Rewards Credit Card. Generally, cards that require higher credit scores tend to come with better features than those that require scores on the lower end of the scale.

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

The credit score you need for the Capital One QuicksilverOne card is 640 or higher. The Capital One QuicksilverOne is also available to people with limited credit, so you may be able to get approved even if you have less than 3 years of credit history.

Carmen Peters, Member. The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history, which are evaluated once you apply for the card. According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000.

Capital One credit cards for fair credit include QuicksilverOne, Quicksilver Secured, and the Platinum Mastercard. Your credit score is only one of the many factors that determine your credit approval odds. The best way to know if you'll qualify is to get pre-approved. It's quick, easy and won't hurt your score.

Your monthly income needs to be at least $425 more than your monthly rent or mortgage payment to get the Capital One Quicksilver Cash Rewards for Good Credit card, according to Capital One. The higher your income is above the minimum, the more likely you are to be approved.

What is the most elite credit card? ›

Is the Capital One SavorOne better than Quicksilver? Overall, these cards are a close match. However, SavorOne offers slightly better cash-back rewards. Because the higher rewards are earned, in part, on groceries and dining, the SavorOne is likely to generate more rewards for almost anyone than the Quicksilver card.

The minimum payment mindset

Here's how most people get trapped in credit card debt: You use your card for a purchase you can't afford or want to defer payment, and then you make only the minimum payment that month.

Bottom Line. If you have excellent credit, the Capital One Quicksilver Cash Rewards Credit Card is the clear winner here. It's the same as the Capital One QuicksilverOne Cash Rewards Credit Card but with no annual fee (rates & fees), a welcome bonus and better benefits.

Capital One states that you'll need excellent credit to qualify for the Capital One Quicksilver Cash Rewards Credit Card that offers the welcome bonus. That said, qualifying for a Quicksilver Rewards For Good Credit is possible, but you won't earn a welcome bonus or an intro APR.

Call Capital One and ask for an upgrade to the Quicksilver. However, note that upgrading doesn't allow you to cash in on a card's sign-up bonus or get a higher credit limit. Submit an application for the Quicksilver.

The Capital One Quicksilver Cash Rewards Credit Card is worth getting if you want flat-rate cash back with no annual fee, or if you want an intro APR offer for purchases and balance transfers; 19.99% - 29.99% (Variable) after that; balance transfer fee applies.

The Capital One Platinum Credit Card is available to applicants with fair credit or better, although eligibility isn't decided by credit scores alone. Your income, debts and other factors are also considered. Fair credit, also called "average" credit, is generally defined as a FICO credit score of 630 to 689.

The credit score that you need for the Capital One Platinum Credit Card is at least 640, which is usually considered fair credit. The Capital One Platinum Credit Card is also available to people with limited credit history, which means you may be able to get approved even without a credit score.

The Capital One Platinum Mastercard in a nutshell

The card comes with a $0 annual fee. View important rates and disclosures. Plus, it doesn't require a security deposit. And cardholders are automatically considered for a credit limit increase in as little as six months.