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Capital One Platinum vs. Capital One Quicksilver: Quicksilver Triumphs

Capital One Platinum Credit Card review Capital One Quicksilver Cash Rewards Credit Card review
Capital One Platinum Credit Card
LEARN MORE on Bankrate's secure site
Key Information
Doesn’t earn rewards. Capital One will automatically review your credit after 6 months and consider increasing your credit line! $0 annual fee.
Capital One Quicksilver Cash Rewards Credit Card
LEARN MORE on Bankrate's secure site
Key Information
Earn 1.5% cash back on all purchases and 5% back on hotels and rental cars booked through the Capital One Travel platform. $0 annual fee.
KEY TAKEAWAYS
  • The Capital One Quicksilver Cash Rewards Credit Card provides 1.5% cash back on every purchase and comes with a $200 welcome bonus and 15 months of 0% intro APR.
  • The Quicksilver card is geared toward people with excellent credit.
  • The Capital One Platinum Credit Card does not have rewards or bonuses, but it comes with higher odds of approval for people with fair credit.
  • The Quicksilver card has lower interest rates than the Platinum card.
SUMMARY

Choosing between credit cards can be complex, especially with options like the Capital One Platinum Credit Card and the Capital One Quicksilver Cash Rewards Credit Card. 

At first glance, the Quicksilver card seems better. It offers a $200 welcome bonus, enticing rewards and a good introductory APR. But the right choice depends on your financial situation. The Quicksilver card is great if you have excellent credit and want rewards, but the Platinum card can help if you’re trying to build your credit. 

Let’s explore these Capital One options to find what suits you best.

Capital One Platinum vs. Quicksilver: Which card is better?

In a comparison between the Capital One Quicksilver Cash Rewards Credit Card and the Capital One Platinum Credit Card, the Quicksilver card is undeniably the better option. However, the decision between the two isn’t always that simple — these two Capital One cards are best suited for different types of consumers.

The Quicksilver card is geared toward people who have excellent credit and an established credit history. It provides a $200 welcome bonus, a generous intro APR offer and cash-back rewards. You might choose this cash-back card if your credit is strong and you want to earn rewards on a wide variety of purchases.

The Platinum card, with its relaxed eligibility criteria, has higher odds of approval for people who have fair credit. It doesn’t provide rewards or a welcome offer, but it does have a $0 annual fee. This card may be a good option if you want to improve your credit but don’t qualify for the Quicksilver card.

We’ll dive into the details of each card below, but here’s a quick overview of how the Quicksilver and Platinum cards stack up:

Capital One Platinum vs. Quicksilver: An overview

  Capital One Platinum Credit Card Capital One Quicksilver
Best for Individuals with fair credit Earning flat-rate cash-back
Welcome bonus N/A $200 after spending $500 in the first 3 months of account opening
Earning rewards N/A 1.5% cash back on all purchases

5% cash back on eligible travel purchases
Annual fee $0 $0
Other benefits $0 fraud liability

Credit score monitoring
$0 fraud liability

Credit score monitoring

6 months of free Uber One membership

Intro APR offer
Eligibility Fair/good credit (580-740 FICO) Good/excellent credit (670+ FICO)
Learn more Read our Capital One Platinum review Read our Capital One Quicksilver review
Compare More Capital One Credit Cards See cards side-by-side Credit Cards with Mouse Cursor COMPARE CARDS

Capital One Platinum vs. Quicksilver: Welcome bonus

Winner of this category: Capital One Quicksilver

The Capital One Quicksilver Cash Rewards Credit Card comes with a cash welcome bonus of $200. You can qualify for this bonus if you spend $500 in the first three months the account is open. 

This is a relatively average welcome offer for a cash-back credit card, but it might be appealing if you don’t spend much each month. To get the bonus, you need to charge slightly less than $167 per month for the first three months to meet the requirement — something that’s easy to do for most people. Use the card for gas and groceries, and you may be able to reach the threshold quickly.

In this category, the Quicksilver card is the clear winner — after all, the Platinum card doesn’t have a welcome bonus. As long as you can qualify for the Quicksilver and reach the spending threshold on time, this card is a better option.

Capital One Platinum vs. Quicksilver: Rewards

Winner of this category: Capital One Quicksilver

The Capital One Quicksilver card simplifies the rewards process. Every purchase you make earns 1.5% cash back. If you book hotels or rental cars through Capital One Travel using your card, you’ll earn 5% back. The rewards are unlimited, so there’s no cap on how much you can earn. Plus, they never expire — you might decide to allow the cash to accumulate and use it for a special treat down the road.

When it comes to redeeming your rewards, Capital One offers a variety of options. You can use them to pay down your card balance or to cover travel booked in the Capital One Travel portal. Alternatively, redeem your cash-back rewards for gift cards or pay for purchases through PayPal and Amazon. The rewards always have the same value, so redemption is a breeze.

With its straightforward earning structure, the Quicksilver card is useful for all types of consumers. When you travel, however, your earning potential rises dramatically. Book a $1,000 hotel stay through Capital One Travel, and you’ll automatically earn $50 in cash back. Plus, you can reduce the cost of your booking using the rewards you’ve already accumulated with this travel card.

Again, the Quicksilver card wins. As is the case with many entry-level credit cards, the Platinum card does not offer rewards.

Capital One Platinum vs. Quicksilver: Other benefits

Winner of this category: Capital One Quicksilver

Both the Platinum and the Quicksilver cards offer a set of standard benefits.

These benefits include:

The two cards also enable you to set up autopay for regular bills and access a list of recurring transactions at any time. This can be useful if you want to keep track of expenditures. It also makes it easier to identify streaming subscriptions and other memberships you’re not using.

As you might guess, the Quicksilver card includes a variety of useful perks. Once you sign up, Capital One offers six months of free Uber One membership. If you use Uber and Uber Eats regularly, this perk alone can save you a great deal of money with free delivery and discounted pricing. Quicksilver also comes with exclusive access to tickets and experiences through Capital One Dining and Capital One Entertainment.

For frequent travelers, the Quicksilver travel accident insurance and 24-hour assistance line can be useful in case of an emergency. If your card is lost or stolen while you’re away from home, Capital One can send you a quick replacement. They can even provide a cash advance to cover expenses in the meantime.

If you’re repairing your credit or learning how to build credit, the Platinum card offers a big perk: automatic credit line reviews. Starting at the six-month mark (later for some cardholders), Capital One will review your account and offer a credit limit increase if you qualify.

This is another aspect of the Capital One Platinum card vs. Quicksilver debate with a clear winner. While the Platinum card comes with a few perks, the Quicksilver card is a better choice.

Capital One Platinum vs. Quicksilver: Rates and fees

Winner of this category: Capital One Quicksilver

When it comes to fees, the Quicksilver card has a big advantage in the Capital One Quicksilver vs. Platinum comparison. For the first 15 months, you’ll enjoy an intro APR of 0%. That’s particularly attractive if you’re planning to make a big purchase. Use the card to buy a new computer or pay for a major car repair, and as long as you pay off the balance within the intro period, you won’t pay interest.

The Quicksilver’s intro APR also applies to balance transfers, but you will need to pay a transfer fee of 3%. After 15 months, the Quicksilver card offers a variable APR ranging from 19.99% to 29.99%.

By contrast, the Platinum card comes with a 30.74% variable APR. It does not offer an intro APR rate. The Quicksilver card will likely cost you less over the lifetime of the card, even if you qualify for the 29.99% APR.

The Quicksilver and Platinum cards are even in terms of additional fees. Neither card has an annual fee or foreign transaction fees, which can save you a great deal of money if you travel internationally regularly. And if you’re thinking about adding a loved one to your account, both cards allow you to add authorized users for free.

Capital One is more than just a credit card issuer

The first step in growing and maintaining consistent savings is to understand your personal finances through checking and savings accounts, credit cards, and more.

If you want to save and grow your money, consider the following Capital One products:

Capital One Platinum vs. Quicksilver: Eligibility

Winner of this category: Capital One Platinum

If you’re concerned about getting approved, the Platinum card has the advantage in the Capital One Platinum vs. Quicksilver card comparison. It’s designed for people with fair credit, which means that it’s easier to be approved — even if you have some negative marks on your credit report. In fact, Capital One specifically mentions that “fair” credit could include someone who has defaulted on a loan.

You might also consider this card if you’ve only started establishing your credit within the last three years. It can be difficult to get approved for rewards credit cards with a barely there credit profile, so the Platinum card offers a better chance of approval. Once you have the card, it’s possible to build a credit history and improve your odds of getting a premium card in the future.

The Capital One Quicksilver card, on the other hand, requires excellent credit. By Capital One standards, this means that you have never defaulted on a loan or filed for bankruptcy. You also need a history of on-time payments and a $5,000+ credit card or loan that is at least three years old.

Capital One doesn’t publish specific credit score requirements for these two credit cards. The company has mentioned that an excellent score is typically 781-850 and a fair score is 601-660. Your approval odds will likely depend on a mix of factors, including on-time payments, credit score and credit history age.

The Capital One Platinum vs. Quicksilver credit limit varies from person to person. In general, Capital One sets the limit after assessing your income, existing debt and credit profile. Given that the Platinum card is designed for cardholders with lower credit scores, it’s safe to expect a lower maximum credit limit.

Note: If you want the cash-back benefits of the Quicksilver card without the strict eligibility requirements, you may want to compare Capital One Platinum vs. QuicksilverOne. The QuicksilverOne card is suitable for people with fair credit. However, it doesn’t have an intro APR offer, and it comes with a $39 annual fee. You could also apply for the Quicksilver card for good credit or the Quicksilver Secured, which has zero annual fees but no welcome bonus.

Should I get the Capital One Platinum or Quicksilver card?

If you qualify for the Quicksilver card, there’s no question you should choose it over the Capital One Platinum card. While neither card has an annual fee or foreign transaction fees, the Quicksilver offers 1.5% cash back on all purchases, a 15-month intro period with 0% APR and lower interest rates after that. In contrast, the Platinum card has a higher interest rate, no rewards and no sign-on bonus.

Advertiser Disclosure

Capital One Platinum Credit Card

Capital One Platinum Credit Card
LEARN MORE on Bankrate's secure site
Key Information
Doesn’t earn rewards. Capital One will automatically review your credit after 6 months and consider increasing your credit line! $0 annual fee.
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Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card
LEARN MORE on Bankrate's secure site
Key Information
Earn 1.5% cash back on all purchases and 5% back on hotels and rental cars booked through the Capital One Travel platform. $0 annual fee.
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FAQ: Capital One Platinum vs. Quicksilver

Is Capital One Platinum or Quicksilver card better?

If you can get approved for both, the Capital One Quicksilver card is better than the Platinum card. The Quicksilver card will give you a welcome bonus, 0% APR for the first 15 months and 1.5% cash back. The Platinum card offers no rewards or bonuses, but it also comes with no annual fee.

Can I upgrade from Capital One Platinum to Quicksilver?

You may be able to upgrade from a Platinum card to a Quicksilver card, as long as your credit meets the requirements. Call Capital One to see if you qualify. However, upgrading may mean that you lose out on the introductory APR offer or the welcome bonus — you’d need to apply for the Quicksilver card separately to get these benefits.

Is it harder to get the Capital One Platinum or Quicksilver card?

It’s harder to get approved for the Capital One Quicksilver card than the Platinum card. The Quicksilver card requires excellent credit, while the Platinum card requires fair credit.

About the Author

Imogen Sharma
Imogen Sharma Finance Contributor

Imogen Sharma is an experienced writer, specializing in business, culture, and financial guidance for young adults. She has contributed to articles for Varo Bank, Lendzi, MoneyTips and Indeed, providing invaluable insights into budgeting, financial planning, and lines of credit.

As a dedicated self-employed writer, she cherishes the opportunity to share her knowledge and experience with others, offering advice so they can master their bank accounts and secure their financial futures. Her articles, published in CMSWire, Reworked, WalletGenius and The Customer, serve as actionable guides to help people make solid financial decisions.

Prior to her writing career, Imogen honed her financial acumen in management roles, excelling in P&L analysis, budgeting and HR. During her tenure at Smith & Wollensky in London, her strategic contributions contributed to a 2% increase in EBITDA over a year, demonstrating her ability to drive financial performance and organizational success.

Imogen’s writing style combines expertise with accessibility, making complex financial topics easily understandable and actionable. With a focus on the long game, she encourages readers to approach financial matters with enthusiasm and determination.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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