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American Express Cash Magnet® Card vs Capital One® Quicksilver® Cash Rewards Credit Card

Two similar credit cards with unlimited cash back on all purchases.

Updated

Fact checked

The winner: American Express Cash Magnet® Card

American Express Cash Magnet® Card logo

Up to 1.5%

Cash back

  • Unlimited 1.5% cashback on all purchases
  • 15 months of intro APR on purchases
  • No annual fee
Apply now
See rates & fees
The American Express Cash Magnet® Card and the Capital One® Quicksilver® Cash Rewards Credit Card offer the exact same cashback rate and the same welcome offer value. One difference between the two is the lower spend requirement to clear the offer with the Capital One® Quicksilver® Cash Rewards Credit Card. The second difference is there’s no foreign transaction fees when using the Capital One card abroad or online with foreign merchants.

American Express Cash Magnet® Card

American Express Cash Magnet® Card

Rates & Fees

Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit Card

Rates & Fees

finder.com's rating
finder.com's rating

★★★★★

4.3 / 5.0

★★★★★

4.2 / 5.0
Best for
Best for
  • Flat cash back on all purchases
  • Easy-to-earn signup bonus and flat cash back on all purchases
Welcome offer
Welcome offer

$150 after spending $1,000 in the first 3 months

$200 cash back after spending $500 in the first 3 months

Rewards
Rewards

1.5% cash back on all purchases

1.5% cash back on all purchases

Purchase APR
Purchase APR

0% intro APR for 15 months, and then 13.99% to 23.99% variable

0% intro APR for 15 months, and then 15.49% to 25.49% variable

Annual fee
Annual fee $0 $0
Balance transfer APR
Balance transfer APR

N/A

15.49% to 25.49% variable
Cash advance
Cash advance

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 25.49% variable

Fee: $10 or 3% of the transaction, whichever is greater

Foreign transaction fee
Foreign transaction fee 2.7% of each transaction None
Late payment fee
Late payment fee Up to $40 Up to $40
Additional cardholder fee
Additional cardholder fee
Interest-free period
Interest-free period 25 days 25 days
Minimum credit score
Minimum credit score 680 670
Card type
Card type Credit Credit
Learn more
Learn more

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Summary of card features

American Express Cash Magnet® Card

American Express Cash Magnet® Card

  • No annual fee
  • Unlimited 1.5% cash back
  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership

Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit Card

  • No annual fee
  • $200 cash bonus when you spend $500 on purchases in the first 3 months
  • 1.5% cash back on all purchases
  • Long intro APR for purchases

Compare American Express Cash Magnet® Card vs. Capital One® Quicksilver® Cash Rewards Credit Card

Data indicated here is updated regularly
Name Product Welcome offer Rewards Annual fee Filter values
American Express Cash Magnet® Card
$150 after spending $1,000 in the first 3 months
1.5% cash back on all purchases
$0
With 1.5% back on everything and a 15 months intro APR on purchases, this no-annual-fee rewards card makes it simple to earn more rewards. Rates & fees
Capital One® Quicksilver® Cash Rewards Credit Card
$200 cash back after spending $500 in the first 3 months
1.5% cash back on all purchases
$0
This no-annual-fee 1.5% cashback card offers of intro APR on purchases. No foreign transaction fees set this card apart.
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