The Capital One Venture Rewards Credit Card and Capital One Quicksilver Cash Rewards Credit Card are two of the most well-known credit cards on the market right now if you’re looking for a new card.
For getting cash back on regular purchases, Capital One Quicksilver is excellent, and for travel, Capital One VentureOne is the best option.
To assist you in determining which Capital One product is best for you, here is a closer look at the Venture and Quicksilver cards.
Capital One VentureOne Vs. Capital One Quicksilver Highlights
Although these two reward cards have many things in common, there are some areas where one excels over the other. You probably care the most about some of the categories listed below.
Welcome Bonus Winner: Tie
When you spend $500 on purchases within three months of opening your account, the Capital One VentureOne will give you 20,000 bonus miles, which are worth $200 in statement credits. With the same minimum spending requirement, the Capital One Quicksilver offers a $200 cash bonus. The only distinction is whether you earn your rewards as miles or cash back.
Rewards Rate Winner: Capital One Quicksilver
With the Capital One VentureOne travel credit card, you can earn 1.25X miles on all purchases and 5X miles when you use Capital One Travel to book hotels and rental cars. But the Capital One Quicksilver’s 1.5% cash back on all purchases wins out if your main priority is flat-rate rewards on every purchase.
This means that with the Capital One VentureOne, $1,000 in general spending would result in statement credits worth $12.50, whereas $1,000 in general spending would result in statement credits worth $15 with the Capital One Quicksilver.
Of course, the VentureOne would be a better option if you’re more concerned with travel than cash back (and anticipate booking through Capital One Travel frequently).
Credit Card Fees Winner: Tie
These two cards tie because they both have a $0 annual fee. You can use neither card to make purchases outside of the US without incurring additional fees for doing so.
Intro APR Offer Winner: Tie
Both VentureOne and Quicksilver offer introductory APRs of 0% on purchases and balance transfers for 15 months, after which a variable APR ranging from 16.49% to 26.49% takes effect.
Get Capital One Venture For
A Big Welcome Bonus
When you spend $4,000 within three months of your account opening using Capital One’s Venture card, you’ll receive 75,000 miles. The monthly expenditure comes to about $1,333. You will receive a generous miles bonanza worth several hundred dollars if you can manage that.
Simple 2 Miles Per Dollar Rewards
This rewards program will likely meet your needs if you enjoy traveling and don’t want to stress about intricate bonus categories. The card offers unlimited 2 miles per dollar spent on other purchases in addition to 5 miles for every dollar spent on hotels and rental cars booked through Capital One Travel.
Flexible and Easy Redemptions
Of all the major credit card companies in the US, Venture Miles may be the most straightforward travel rewards program to use. You can use the Capital One website to directly redeem for travel (much like using Expedia or Priceline) or use Miles to pay for prior travel expenses.
Other redemption options on the card are transfers to airline or hotel partners, among others. Even though you can earn much more than one cent for each point, doing so takes more time and effort.
Travel-Related Benefits
when using the Venture card. frequent travelers will get a suite of benefits designed for those on the go. That includes two annual airport lounge passes for Capital One’s lounge and partner lounge network, a credit to cover your TSA PreCheck or Global Entry, and no foreign transaction fees when using the card outside of the United States.
Get Capital One Quicksilver For
No Annual Fee
Quicksilver is a better choice if you don’t like paying annual fees because it has none. To simply possess and use the card with Quicksilver is free. The Capital One VentureOne Rewards Credit Card is another option to think about if you want a travel rewards credit card without an annual fee.
Simple Cash-Back Rewards
Since cash is cash, you always know exactly how much value you receive when using the card. For every purchase made with the card, 1.5% cash back is earned, and 5% cash back is earned when using Capital One Travel to make hotel and rental car reservations. Although the Venture card’s two cents worth of travel is more valuable than the flat 1.5% cash-back rate, you are not required to use rewards exclusively for travel.
Easy-to-attain Signup Bonus
After making $500 in purchases within three months of opening their account, new cardholders are eligible for a $200 cash bonus. If you only use the card for gas and groceries, you’ll probably reach that spending cap in three months if you don’t make any other purchases.
Multiple Redemption Choices
The Quicksilver card offers a number of ways to redeem cash back. Most people should use statement credits to reduce their next credit card statement balance. Additionally, you can use miles to pay for recent purchases, purchase gift cards, or shop on Amazon.com (although your per-mile value will be less than a penny).
Which Card Should You Choose?
If you prefer a credit card with travel rewards over one with cash back, you should pick the Capital One VentureOne. When compared to the Quicksilver, its earning potential is lower, but if you travel frequently or infrequently, earning miles may be more convenient. You can also transfer your miles to a number of different travel companions.
If you want to increase your earning potential, go with the Capital One Quicksilver. In comparison to the Capital One VentureOne, the Quicksilver offers a higher rewards rate, and cashback rewards can be used for almost anything, including travel.
For most spending categories, both cards have average earning rates. They can be applied to a variety of purchases and still earn rewards at the same rate. If you frequently switch between different types of expenses or don’t want to carry around multiple cards for each bonus category, this can be useful.
Bottom Line
Although Capital One’s Venture and Quicksilver credit cards are rewarding, not everyone should use them. Some frugal consumers might discover that using a combination of these or other cards is the best option, while others might prefer to choose a straightforward card they can depend on and use every day without worry.
There may not be a perfect credit card for everyone, but there is probably a best card for you. Take the time to compare your options and choose the one that will best serve your long-term financial objectives before applying for Capital One Venture or Capital One Quicksilver.
FAQs
Should I Upgrade Quicksilver to Venture One?
To beat the Quicksilver card, which has no annual fee, you would need to spend $20,000 in total. However, if you can meet the minimum spending requirements for the Capital One Venture card’s bonus, it is the better option from an initial earnings standpoint.
Can I Have Both Quicksilver and Venture Card?
If you like Capital One cards, you can get both Venture and Quicksilver. Both can provide you with cash rewards that are not tied to a specific use and free flights, hotel stays, and other travel benefits if you use them both frequently.
