3 Reasons to Choose Capital One Quicksilver Over the 2% Cash Back Card

If you’re choosing the best cash-back credit card, the percentage you get back often overshadows other features. For example, very few people will tell you that earning 1.5% on cash would be better than 2%. They might argue, why earn $1.50 for every $100 you spend when you can earn $2?

Of course, I’m all for earning more cash back. But I also know that a refund isn’t everything. That’s why I wouldn’t discredit the Capital One Quicksilver Cash Rewards Credit Card, which offers 1.5% cash back on all purchases, over credit cards that earn 2% back (see). rates and fees). Here’s why.

1. No foreign transaction fees

Owned by Capital One Quicksilver NO foreign transaction fee. Rest assured, you can use this credit card abroad without having to pay an additional fee for each purchase.

For travelers, this may be reason enough to choose Capital One Quicksilver. Unlike many 2% cash back credit cards that charge a 3% foreign transaction fee on overseas purchases, you’ll earn 1.5% cash back without paying any extra fees abroad. This will save you more money than the 2% that credit cards can offer you.

However, Capital One Quicksilver Only Credit card with no foreign transaction fees. In fact, it might not even be the best for you. Click here to check out the full list of the best credit cards with no foreign transaction fees to maximize savings and cashback.

2. Get a free Uber One membership

Capital One Quicksilver is currently offering free Uber One membership to cardholders through November 14, 2024. As a cardholder, the Uber One membership fee will be refunded to your card by this date. If you use Uber One frequently, this can save you $9.99 per month.

3. No need to wait to get your money back

The best part about Capital One Quicksilver is that you get a refund shortly after you shop. Once the payments pass the waiting stage, the appropriate amount of cashback will be deposited into your account.

Other cash back credit cards do not offer this luxury. Many force you to wait until the end of the statement cycle to redeem your cash back. This postponement may seem harmless, but it can reduce the value of your earnings during periods of high inflation. If you’re like me and follow the earn-and-burn strategy (spending your cash back as quickly as possible), then Capital One Quicksilver may be the way to go.

On the other hand, if that doesn’t concern you, earning 2% on cash is mathematically better than 1.5%. To put it in another perspective, you’ll earn $20 per $1,000 you spend on a 2% credit card versus $15 on Capital One Quicksilver. While this may not seem like much, it can add up over time.

Take the Wells Fargo Active Cash® Card, for example. This free credit card earns unlimited 2% cash back on all eligible purchases. Click here to learn more about the benefits of this cardIncludes a chance to win $200 in cash rewards in the first 3 months.

However, depending on your spending, these cards may not be the best choice for you. In fact, many credit cards can earn 5% or more cash back on bonus categories including groceries, gas, restaurants and travel. The best credit cards can take your credit card strategy to the next level.