Chase Freedom® Student credit card
vs. Capital One Quicksilver Student Cash Rewards Credit Card
Student credit cards, like the Chase Freedom® Student credit card and Capital One Quicksilver Student Rewards, have credit-building features and a useful list of benefits for students. Aside from having no annual fee, and cash back opportunities, with the right use of the card, it opens up opportunities to qualify for standard credit cards.
Doug Milnes, CFA
Head of Credit Cards at MoneyGeek
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets. Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
Brett Holzhauer, CPFC
Personal Finance Journalist
Brett Holzhauer is a Certified Personal Finance Counselor (CPFC) and a personal finance reporter at MoneyGeek. He has written for several leading publications, including Forbes Advisor, LendingTree, CNBC and ValuePenguin. Holzhauer has a journalism and mass communications degree from the Walter Cronkite School of Journalism and Mass Communications at Arizona State University.
Doug Milnes, CFA
Head of Credit Cards at MoneyGeek
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets. Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
Brett Holzhauer, CPFC
Personal Finance Journalist
Brett Holzhauer is a Certified Personal Finance Counselor (CPFC) and a personal finance reporter at MoneyGeek. He has written for several leading publications, including Forbes Advisor, LendingTree, CNBC and ValuePenguin. Holzhauer has a journalism and mass communications degree from the Walter Cronkite School of Journalism and Mass Communications at Arizona State University.
Updated: March 19, 2024
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MoneyGeek breaks down the difference between the Chase Freedom® Student credit card and the Capital One Quicksilver Student Rewards card based on their respective fees and benefits. Between these two student credit cards, there’s a clear winner. But it may still depend on what you’re looking for in a card. The combination of low interest charges and a sweet welcome offer from the Chase Freedom® Student credit card might convince you to choose this card over the other. However, if you’re someone who considers higher cash back rates and travel perks, you might find the Quicksilver Student Rewards card a more ideal choice.
Both of these cards have high APR fees by MoneyGeek standards. When you’re just starting to build your credit, you want to avoid credit card mistakes such as carrying your balances on your card as it can hurt your credit score.
Comparison Overview: Chase Freedom® Student credit card vs. Capital One Quicksilver Student Cash Rewards Credit Card
- Chase Freedom® Student credit cardCapital One Quicksilver Student Cash Rewards Credit Card
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
- Hotel Benefits
- Airline Benefits
- Has Rewarding Welcome Offer
- Has Foreign Transaction Fee
- Recommended CreditGood–ExcellentLimited–Fair
Chase Freedom® Student credit card At a Glance
Chase Freedom® Student credit card is best suited for college students who want a no-fuss card that earns decent rewards. The flat 1% cash back rate gives an opportunity to earn on every purchase. Simply using the card at least once during the first three months after activation earns them an instant $50 as a welcome offer. They can earn $20 yearly for the first five years just for being a loyal customer in good standing.
- Chase Freedom® Student credit card
A solid card with rewards students are sure to appreciate
- 1-5% Cash BackRewards Rate
- 19.99% VariableAPR
- $0Annual Fee
- Good–ExcellentRecommended Credit
Pros
- Small, but attainable welcome offer
- Simple rewards structure with no cap
- Anniversary bonuses for good standing
- No annual fee
Cons
- Low rewards rate
- No intro APR
- Earn unlimited 1% cash back on all purchases
- Earn 5% cash back on Lyft rides (ends March 31, 2025)
- Earn a $50 bonus after making your first purchase within the first three months
- No annual fee
- Receive a $20 Good Standing Reward after each account anniversary (up to 5 years)
- Complimentary three-month DashPass membership
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Capital One Quicksilver Student Cash Rewards Credit Card At a Glance
The Capital One Quicksilver Student Rewards has a higher unlimited cash back rate of 1.5% on all purchases. It’s a great card for international travel as it has no foreign transaction fees. The cash back earned can be redeemed for statement credits, direct deposit or gift cards. The purchase protection benefit is useful when shopping with this card as it reimburses the discounted amount if card members can find a cheaper price for the same product within 120 days of purchase. Virtual card numbers are useful against fraud on online purchases.
- Capital One Quicksilver Student Cash Rewards Credit Card
A practical no-annual-fee student credit card with cash back
- 1.5%–5% cash backRewards Rate
- 19.99%–29.99% VariableAPR
- $0Annual Fee
- Limited–FairRecommended Credit
Pros
- No annual fee
- Cash back on all purchases
- Offers welcome bonus
- Comes with security protections
Cons
- Potentially high APR
- No bonus categories
- No annual fees, foreign transaction fees or hidden fees.
- Earn unlimited 1.5% cash back on all your purchases.
- Earn $50 after spending $100 within the card's first three months.
- Get $0 Fraud Liability protection, which ensures that you are not responsible for unauthorized charges on your card.
- Using this card responsibly can help build your credit.
- You can lock your card using the Capital One Mobile app if it is misplaced, lost or stolen.
- You can earn up to $500 annually by referring friends and family who get approved for a Capital One credit card.
- You may qualify for this card if you're a student at a four-year university, community college or other higher education institution.
Comparison Summary
Find out the differences between the Chase Freedom® Student credit card and the Capital One Quicksilver Student Rewards card as we break down the fees, charges and rewards from each card.
Card Detail | Comparison Summary |
---|---|
Travel Coverage and Purchase Protection | The Chase Freedom® Student credit card has trip cancellation and interruption insurance. While Capital One Quicksilver Student Rewards has more offers such as complimentary concierge services, 24-hour travel assistance and travel accident insurance. Both cards provide purchase protection. Winner: Depends on which you value more |
Welcome Bonus | The Chase Freedom® Student credit card has a welcome bonus offer of $50 after your first purchase within the first three months of account opening. The Capital One Quicksilver Student Rewards card doesn’t have a welcome bonus. Winner: Chase Freedom® Student credit card |
Rewards | The Chase Freedom® Student credit card earns 1% cash back on all purchases, while the Quicksilver Student Rewards card earn 1.5% cash back on all purchases. Rewards earned from both cards can be redeemed through statement credit, gift cards or through Amazon checkout. Winner: Capital One Quicksilver Student Rewards |
Annual Fee | Both cards don’t charge an annual fee. Winner: Tie |
APR Fees | Freedom Student has a variable APR fee of 14.99%. This is significantly lower than the Quicksilver Student Rewards APR of 26.99% Winner: Chase Freedom® Student credit card |
International Transaction Fees | Freedom Student charges 3% on all international transactions, while Quicksilver Student Rewards doesn’t charge any foreign transaction fees. Winner: Capital One Quicksilver Student Rewards |
Loyalty Programs | Chase Freedom® Student credit card rewards credit card holders $20 of good standing rewards every account anniversary for up to five years, while the Capital One Quicksilver doesn’t have a loyalty program. Winner: Chase Freedom® Student credit card |
Which Card Should You Get?
MoneyGeek helps you decide which card is best for you by giving you scenarios on how you can best take advantage of each card's offers.
Who Should Consider the Chase Freedom® Student credit card?
The Chase Freedom® Student credit card has a welcome offer, no annual fee and lower interest charges along with helping you build a strong credit history. If you fall in one of these categories, the Chase Freedom® Student credit card may be a solid fit for you:
Students who plan to use it long term to take advantage of its loyalty program.
Students who use Doordash and Lyft can earn 3% up to 4% cash back when they book these services through the card.
If your eyes are on a consumer Chase credit card like the Chase Freedom Unlimited, qualifying for their starter credit cards should give you an advantage, as long as you are a responsible card user.
≫ More: Read Our Full Review
Who Should Consider the Capital One Quicksilver Student Cash Rewards Credit Card?
The Capital One Quicksilver Student Rewards earns a higher cash back rate, no annual fees and a list of useful travel coverages. So if you fall into one of these categories, the Quicksilver Student Rewards may be a good fit for you.
Students who would enjoy premium experiences such as music and sporting events as perks on the card.
Students that frequently shop online. It has protection features like a virtual card number that protects against fraud, security alerts, card lock feature and fraud liability protection.
Students that travel internationally as the card has no international fees.
As a student, you need to be able to save as much money as possible, and likely quickly as well. While the Quicksilver has a higher cash back rate by 0.5%, the Chase Freedom® Student credit card gives you a quick $50 rebate. SO unless you plan on spending significantly, the Chase Freedom® Student credit card will give you a more immediate return on your spending.
Other Helpful Decision-Making FAQs
MoneyGeek answers the most common questions that might further help you decide which card to get.
The Freedom Student is better than Quicksilver Student Rewards when you look at the card as a whole. However, when looking at cashback rates, the Quicksilver offers a better 1.5% unlimited cash back offer.
Since these are different issuers, you can apply for both cards. Though this will require separate applications.
You can't transfer points between different issuers.
As long as your card remains in good standing, you may be able to switch between these cards. But again, these are different issuers that require separate applications.
It’s fairly easy to apply for both these cards, even qualifying those with limited credit history.
Quicksilver Student Rewards doesn’t have a welcome offer. But for Freedom Student, cardholders will earn the $50 welcome offer just by using the card on one purchase during the first three months of card membership.
Still Not Sure About These Cards? Consider These Options
It can be overwhelming to choose a credit card for you, especially if it’s your first time getting one. However, know that different credit cards are built for different purposes. Cash back credit cards provide rewards that match your spending habits. Reward credit cards, on the other hand, earn you points or miles which you can redeem for travel.
Learn more about credit cards in general
About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
sources
- Capital One. "Quicksilver Rewards for Students." Accessed January 4, 2022.
- Chase. "Freedom Student Credit Card." Accessed January 7, 2022.
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