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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.

The main difference between the Chase Freedom Unlimited® and the Capital One Quicksilver Cash Rewards Credit Card is that the first earns 5% back on two categories (one of which rotates quarterly), 3% back on restaurants and drugstores, 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.

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.

Chase Freedom Unlimited®

Chase Freedom Unlimited®

Terms apply, see rates & fees

Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card

Terms apply, see rates & fees

Finder rating
Finder rating

★★★★★

4.7 / 5.0

★★★★★

4.2 / 5.0
Best for
Best for
  • Unlimited 1.5% cash back on every purchase
  • Easy-to-earn signup bonus and flat cash back on all purchases
Welcome offer
Welcome offer

Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back

One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening

Rewards
Rewards

3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases, 5% on travel purchased through Chase Ultimate Rewards®, Unlimited 1.5% cash back on all other purchases

Earn unlimited 1.5% cash back on every purchase, every day

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 14.99% to 24.99% variable

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

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

0% intro APR for 15 months, then 14.99% to 24.99% variable

Cash advance
Cash advance

APR: 24.99% variable

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

APR: 24.99% 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 $40 Up to $40
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

Read review

Read review

Best signup bonus: Toss-up

When maxed, the Chase Freedom Unlimited offers an additional $100 over the Quicksilver’s signup bonus, with the tradeoff being you’ll need to pay much more over a longer period of time. While $20,000 over 12 months isn’t a huge hurdle to clear for families, others may find the Quicksilver offer much simpler to obtain.

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 on Lyft rides through March 2022
  • 5% back on travel purchase through the Chase Ultimate Rewards
  • % 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.

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.

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