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Chase Freedom® vs. Capital One® Quicksilver® Cash Rewards Credit Card

Choose between rotating-bonus and flat-rate cash back.

Updated

Fact checked
The Chase Freedom® and Capital One® Quicksilver® Cash Rewards Credit Card both have $0 annual fees. However, Chase’s card is for those who like variety, offering 5% cash back on the first $1,500 in bonus spending upon activation in different categories each quarter, then 1%. Capital One’s card is the right pick for those who want simple rewards, offering a steady 1.5% cash back on all purchases.

Chase Freedom®

Chase Freedom®

Rates & Fees

Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit Card

Rates & Fees

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★★★★★

4.7 / 5.0

★★★★★

4.2 / 5.0
Best for
Best for
  • Long intro APR period and cash back in rotating categories
  • Easy-to-earn signup bonus and flat cash back on all purchases
Welcome offer
Welcome offer

$200 cash back after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year

$150 cash back after spending $500 in the first 3 months

Rewards
Rewards

5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on Lyft, 5% at grocery stores on up to $12,000 in the first year and 1% on all other purchases

1.5% cash back on all purchases

Purchase APR
Purchase APR

0% intro APR for 15 months, and then 14.99% to 23.74% variable

0% intro APR for 15 months, and then 15.49%, 21.49% or 25.49% variable

Annual fee
Annual fee $0 $0
Balance transfer APR
Balance transfer APR 14.99% to 23.74% variable

15.49% to 25.49% variable

Cash advance
Cash advance

APR: 24.99% 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 3% of each transaction None
Late payment fee
Late payment fee Up to $39 Up to $39
Additional cardholder fee
Additional cardholder fee $0
Interest-free period
Interest-free period 21 days 25 days
Minimum interest
Minimum interest $0
Minimum credit score
Minimum credit score 670 670
Card type
Card type Credit Credit
Learn more
Learn more

Which card should you choose?

Chase Freedom®

Chase Freedom®

  • Easy-to-earn cash signup bonus and first-year cash back bonus
  • Accelerated cash back in quarterly rotating categories and flat cash back on all other purchases
  • Intro APR on purchases

Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit Card

  • No annual fee
  • $150 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

If you like to keep things fresh with rotating rewards categories, the Chase Freedom® could be the right pick. You’ll earn 5% cash back on up to $1,500 in combined purchases in quarterly rotating categories for each quarter you activate, then 1%. These categories might include gas, grocery stores and Internet services. On all other purchases, you’ll earn 1% cash back. Go with the Capital One® Quicksilver® Cash Rewards Credit Card if you don’t want to worry about rotating rewards categories. You’ll earn 1.5% cash back on all purchases — a simple and effective rewards rate.

What’s next?

These products are formidable contenders, and one isn’t necessarily outright better than the other. One of the best ways to choose between them is to consider whether you want to put in the extra effort to maximize your rewards in rotating categories or simply enjoy flat cash back at a lower rate.

If neither product works for you, check out a few excellent cashback alternatives below.

Compare cash back credit cards

Name Product Filter values Rewards Purchase APR Annual fee
Chase Freedom Unlimited®
5% cash back at grocery stores on up to $12,000 in the first year, 5% on Lyft and 1.5% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
$0
Earn a $200 signup bonus after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
Citi® Double Cash Card
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
13.99% to 23.99% variable
$0
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
Costco Anywhere Visa® Card by Citi
4% at gas stations on up to $7,000 annually (then 1%), 3% at restaurants and on travel, 2% at Costco and 1% on all other purchases
15.24% variable
$0
Earn valuable cash back on everyday purchases at gas stations, restaurants and Costco as well as eligible travel with no foreign fees.
Petal® Visa® Credit Card
Up to 10% cash back from select merchants, on other purchases earn 1% back, 1.25% after six on-time payments and 1.5% after 12 on-time payments
12.99% to 29.49% variable
$0
Build your credit with rewards and no fees: Apply if you're new to credit or have a fair to good score.
TD Cash Credit Card
3% on dining, 2% at grocery stores and 1% on all other eligible purchases
0% intro for the first 15 billing cycles (then 12.99%, 17.99% or 22.99% variable)
$0
3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
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