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Chase Freedom Unlimited® vs. Capital One® Quicksilver® Cash Rewards Credit Card
Chase takes the lead with limited time rewards on groceries and Lyft.
Updated . What changed?
The main difference between the Chase Freedom Unlimited® and the Capital One® Quicksilver® Cash Rewards Credit Cardis that the first earns 5% back on three categories, two of which are promotional, 3% back on two categories and 1.5% back on all other purchases. The Capital One card earns only 1.5% back on all purchases.
The winner: Chase Freedom Unlimited®
Make no mistake, you can’t go wrong for going with either of these choices. But you’ll get the best value with the Chase Freedom Unlimited®. The extra reward categories can help over the long run — or at least for as long as the Freedom keeps the bonus categories.
To maximize your rewards, consider adding the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® to your wallet. This will allow you to transfer your points to one of the two and get either 25% or 50% higher value when you redeem for travel purchases via the Chase Ultimate Rewards portal. You can also use these cards to transfer points to partner hotels and airlines with a 1:1 ratio.
Make no mistake, you can’t go wrong for going with either of these choices. But if you’re looking to squeeze every last bit of value out of a flat cashback card, we recommend the Chase Freedom Unlimited®. The extra reward categories and lower revert APR can help out over the long run — or at least for as long as the Freedom keeps the bonus categories.
If you’re looking for a cashback card that offers bonus categories, or something else altogether, there are many other credit cards with reward options to explore.
Who should get the Chase Freedom Unlimited®?
Anyone who wants to earn higher cash back on a variety of everyday purchases should go for the Chase Freedom Unlimited® card.
If you’re looking for a great flat cashback card that happens to offer some terrific limited-time earning bonuses, the Chase Freedom Unlimited® is the way to go. This card is also an essential piece of the Chase trifecta.
Who should get the Capital One® Quicksilver® Cash Rewards Credit Card?
If you’re not a fan of Chase cards or want a flat cashback card with no foreign transaction fee, the Capital One® Quicksilver® Cash Rewards Credit Card is a solid alternative to the Freedom Unlimited.
Summary of card features
Chase Freedom Unlimited®
- Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and an impressive 1.5% on all other purchases.
- Get a signup bonus of $200 after you spend $500 within your first 3 months of account opening.
- You'll also earn 5% cash back at grocery stores on up to $12,000 in the first year (then 1.5%).
- Don't pay an annual fee.
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
Best signup bonus: Chase Freedom Unlimited®
This is a pretty straightforward matchup: the Chase Freedom Unlimited® earns $200 after you spend $500 in your first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year. The Capital One® Quicksilver® Cash Rewards Credit Card earns just $200 for spending the same amount in the same amount of time. More is better in this case, so you’ll want to go with the Chase Freedom Unlimited®.
Best rewards: Chase Freedom Unlimited®
Ordinarily, these cards would be tied, as both earn a flat 1.5% on all purchases. However, the Chase Freedom Unlimited® pulls ahead here thanks to the September 2020 update. You now earn:
- 5% back at grocery stores on up to $12,000 during your first year of card membership
- 5% back on Lyft rides through March 2022
- 5% back on travel purchase through the Chase Ultimate Rewards
- 3% back at drugstores
- 3% back at restaurants, including dining and takeout
- 1.5% back on all other purchases
The simple flat 1.5% back on all purchases offered by the Capital One card is no match for all the Freedom Unlimited cashback categories.
Ordinarily, these cards would be tied, as both earn a flat 1.5% on all purchases. However, the Chase Freedom Unlimited® pulls ahead here thanks to a limited-time reward category on Lyft rides, earning 5% back on eligible Lyft purchases.
Best intro APR: Chase Freedom Unlimited®
For the most part, both the Chase Freedom Unlimited® and Capital One® Quicksilver® Cash Rewards Credit Card offer a solid intro APR on purchases. The only thing that gives the Chase Freedom Unlimited® the edge is a potentially lower revert APR.
Best annual fee: Tie
Neither the Chase Freedom Unlimited® nor the Capital One® Quicksilver® Cash Rewards Credit Card require an annual fee for use. This is always something to look out for if you want a simple rewards card without all the extra perks.
Best for no foreign transaction fee: Capital One® Quicksilver® Cash Rewards Credit Card
One advantage the Quicksilver offers over the Freedom Unlimited is a lack of foreign transaction fees. This makes it the more appealing choice to use when you’re traveling abroad.
Compare cashback credit cards
If you want to compare other cashback card options, select your credit score below and click Show cards. From there, pick up to four cards to start comparing side-by-side.
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