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|Apply Now||Apply Now|
|Balance Transfer Fee||$0||3%|
|Rewards Rate Details||2 Miles per dollar on every purchase, every day||1.5% Cash Back on every purchase, every day|
|Annual Fee||$0 intro for first year; $59 after that||$0|
|Sign Up Bonus||One-time bonus of 40,000 miles once you spend $3,000 on purchases within 3 months of account opening, equal to $400 in travel||One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening|
|Card Details||Capital One® Venture® Rewards Credit Card Details||Capital One® Quicksilver® Cash Rewards Credit Card Details|
Credit Card Matchup: Capital One® Venture® Rewards Credit Card vs. Capital One® Quicksilver® Cash Rewards Credit Card
Each of these rewards cards lets you earn with every purchase. While the Capital One® Venture® Rewards Credit Card is geared toward travelers who want to earn mileage rewards, the Capital One® Quicksilver® Cash Rewards Credit Card offers a program to earn cash back. Both of them reward you on every purchase. These cards also come with a full menu of MasterCard perks and benefits, which add value and convenience and a higher level of personalized, VIP-style customer service. Which card fits your unique needs best will depend on the particulars of the rewards programs and other features – which are outlined and compared below, in more depth.
Matchup: Capital One® Venture® Rewards Credit Card vs Capital One® Quicksilver® Cash Rewards Credit Card
Venture® Rewards vs Quicksilver® Rewards
Venture® Sign Up Bonus vs Quicksilver® Sign Up Bonus
Travel Rewards vs Cash Rewards
Best Ways to Use the Card
The best way to use these cards is quite simply to just use them, as often as possible, to make purchases that will help you generate rewards. To take full advantage of these cards, you’ll also want to qualify for the sign-up bonuses, which contribute lots of value up front. Just avoid the mistake of carrying a balance or doing a cash advance, unless you are eligible for a 0% introductory APR. Otherwise the interest charges may very likely undercut whatever value you derive from the rewards program, and that could make the card cost you more than you earn.
With the Venture® card, you’ll have to spend at least $2,950 dollars a year just to cover the cost of membership and break even.
The Math Breakdown
The most important math to do before selecting one of these rewards cards is to determine how much you spend on travel. If you don’t travel very much, earning rewards with the Capital One® Venture® Rewards Credit Card won’t translate into practical value.
If you earn the 40,000 sign-up bonus miles you begin with a $400-value head start, so definitely make sure you qualify for that incentive. $400 is enough to compensate you for almost seven years worth of annual fee payments. ($59 x 7 = $413).
The first year of membership is free, too, so if you earn the sign-up bonus it effectively covers the cost of the card for nearly eight years. That makes it much easier to compare the Venture card to the no-annual-fee Quicksilver® card.
But what if we take the sign-up bonuses out of the equation and compare the cards on their fundamental rewards strengths? With the Capital One® Quicksilver® Cash Rewards Credit Card you earn cash back, which you can spend however you please. If you decide to spend the rewards on travel, you can. Venture® Rewards points are worth a penny each, however, and you earn two for every dollar spent, which makes them 50% more valuable (if you redeem for travel) than the 1.5% Quicksilver rewards.
But the Capital One® Quicksilver® Cash Rewards Credit Card does give you a penny and a half back for every dollar you spend, without the $59 annual fee. With the Venture® card, you’ll have to spend at least $2,950 dollars a year just to cover the cost of membership and break even.
Which Rewards Credit Card is Better?
All things considered, unless you are a really big spender who likes to travel, the best card may be the Quicksilver®. With it there is no annual fee and you earn cash you can spend on anything. For most consumers it wins. But if you do spend a lot – and spend at least $3,000 within the first 90 days to earn the 40,000 bonus miles on the Capital One® Venture® Rewards Credit Card – then it is going to earn you travel at a 50% faster rate, and that holds true for nearly eight years.
The unique features shared by both cards are those that come with the MasterCard benefits. This package of perks can be really valuable, and tends to elevate these cards above many other credit cards in terms of top-notch customer service.
How do You Redeem
Capital One® Venture® Rewards Credit Card rewards:
To calculate rewards as travel value you multiply the cost of your travel purchase by 100. For example, if your travel purchase costs $200, you would multiply that by 100 to determine you need 20,000 miles to redeem.
To redeem Venture® Card rewards for travel, just book your trip through your favorite travel website, travel agent, or other travel resource using your Capital One® Rewards card. Then, go online at capitalone.com or call the Rewards Center to use the Purchase Eraser feature to redeem your miles and receive an account credit for the cost of your travel purchase. Purchase Eraser redemptions must be made within 90 days from the date your travel purchase posts to your account. You can also redeem your miles for cash in the form of a check or account credit, gift cards and more.
You can get your cash back upon request in the form of a statement credit or a check.
You can also set up an automatic redemption preference. Those options include: (1) at a set time each calendar year or (2) when a specific threshold ($25, $50, $100 or $200) has been reached.
Just go online to capitalone.com or contact the Rewards Center. You can also redeem for credits for previous purchases, gift cards, and more.
The distinguishing advantage to the Capital One® Venture® Rewards Credit Card is that it is simple to understand the rewards program, it pays the same no matter what you use the card to purchase, and it gives you tons of flexibility when making travel plans. Those can be uniquely valuable features for travelers, and make this card definitely worth consideration. That is especially true if you can meet the criteria to earn the sign-up bonus which compensates for the annual fee for several years. But with the Quicksilver card you can earn actual cash back from your purchases. If you aren’t much a traveler, it’s the card for you, despite other limitations.
Capital One® Venture® Rewards Credit Card Quick Review
The Capital One® Venture® Rewards Credit Card is primarily a card for travelers, and it has quite a bit to offer in that regard.
Pros of the Capital One® Venture® Rewards Credit Carde
Cons of the Capital One® Venture® Rewards Credit Card
Capital One® Quicksilver® Cash Rewards Credit Card Quick Review
The Capital One® Quicksilver® Cash Rewards Credit Card is appropriately named because it helps you quickly accumulate more silver in the form of actual cash earned on every purchase.
Pros of the Capital One® Quicksilver® Cash Rewards Credit Card
Cons of the Capital One® Quicksilver® Cash Rewards Credit Card
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