Many users are inclined to compared a variety of credit cards before choosing the one that suits them most. This choice becomes even tougher when we consider the amazing range presented by Capital One Bank. So, in order to make your life a bit easier, we decided to present a complete guide on Quicksilver One vs Capital One Platinum.
Let’s say you have not looked into any of these yet. In this case you must be wondering “What’s so difficult about choosing a credit card?”
This is not a daunting task on the surface. However, only the right card can help you improve your credit score or provide you with the kind rewards you were looking for. Besides that, each card has its own set of terms and conditions that you need to consider before application.
Attention! Capital One Bank provides one of the finest credit card collection in the US. It offers plastic that caters to all types of scores and reward systems.
Since Capital One Bank has really raised the bar when it comes to good credit cards, we decided to review two of the best ones that it has to offer, Quicksilver One vs Capital One Platinum.
Quicksilver One vs Capital One Platinum – Complete Overview
A tough match indeed!
Let us walk you through some of the major difference and similarities that the two cards carry.
The biggest common ground is that you will have an amazing customer support service regardless of the card that you choose. Since both of them are issued by Capital One Bank, you can avail the same online services with both, Quicksilver One and Platinum credit card.
Furthermore, they are backed up by an impeccable mobile app. You can use it to manage your account remotely, set up notifications, alarms, monthly reminders as well as for credit card application. The mobile app also lets you make payments and keep track of your credit history.
… And What’s Not?
Platinum credit card does not charge any annual fee. This is also true for Quicksilver One card but the other version of this one i.e. Quicksilver One Cashback rewards credit card charges a hefty annual fee of $39.
On top of that Capital One Platinum card is a sure-bet for those with poor credit score whereas Quicksilver card required at least a fair score for successful credit card application.
Nonetheless, Quicksilver offers 1.5% cashback on all eligible purchases. Unfortunately, no such rewards are possible via Platinum card.
What About Additional Expenses? APR may be high in case of Quicksilver credit card but considering that Platinum card carries a fixed penalty fee of $39 on late payments, the additional charges in case of both cards are considerable if you do not maintain good credit-related habits.
Additionally, Quicksilver credit card also carries 3% balance transfer fee, which is the service offered for free if you become a Capital One Platinum cardholder.
This is the gist of comparison that you need to keep in mind when selecting one of the two choices that we have talked about above.
Nonetheless, since both cards come from the same issuer, you do not need to worry about their authenticity and reliability. They have their own strengths and weaknesses that you need to weight according to your needs.
In a nutshell, it can be said that Platinum credit card is great for starters who do not have an encouraging credit history. Since it reports to the 3 major credit bureaus, it can help you boost your credit score and eventually apply for better cards. Quicksilver One, on the other hand, is a rewards card. You need at least an average score to apply for it.
So, what will be your choice? Good Luck!