Credit One Bank American Express® Card
vs. Capital One QuicksilverOne Cash Rewards Credit Card

Updated: June 17, 2024

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Both the Credit One Bank American Express Card and the Capital One QuicksilverOne Cash Rewards Credit Card offer appealing cash back rewards, which is likely why you're considering them. In this matchup, the QuicksilverOne edges ahead due to its unlimited 1.5% cash back on every purchase and the potential for a higher credit line after six months of responsible use.

While it does have an annual fee, the benefits, including $0 fraud liability and free credit tracking, make it a strong contender. However, the Credit One Amex is a card with no foreign transaction fees and unlimited 1% cash back, making it worth considering.

Credit Card logo for Credit One Bank American Express® Card
Credit One Bank American Express® Card
Credit Card logo for Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card
MoneyGeek Rating
2.7/ of 5
MoneyGeek Rating
2.7/ of 5

  • Regular APR
    29.74% variable
    29.99% variable
    0% APR Offer
    -
    -
    Intro Offer
    No current offer
    No current offer
    Rewards Summary
    Earn 1% cash back
    1.5% on everyday purchases and 5% cash back on hotels and rental cars booked through Capital One Travel.
    Balance Transfer Offer
    -
    -
    Balance Transfer Fee
    -
    4% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you.
    Annual Fee
    $39
    $39
    Recommended Credit
    580-740 (Fair to Good)
    580-740 (Fair to Good)
    Penalty APR
    -
    -
    Not sure?

Which Card Is Better for You?

You might prefer the QuicksilverOne if you're seeking a straightforward rewards program with a flat cash back rate on all purchases. This card offers 1.5% cash back on every purchase, with the potential for a credit line increase after six months, making it suitable for consistent spenders across various categories who can offset the annual fee with their rewards.

You might prefer the Credit One Amex if you value the benefits associated with the American Express network and prefer a card that offers 1% cash back on purchases.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and other features will illuminate which card aligns with your financial landscape. Use this section to weigh the QuicksilverOne's flat-rate cash back against potential fees, and consider how each card's details fit your spending habits.

    discount icon

    Regular APR: Credit One Amex

    TheQuicksilverOne has a regular APR of 29.99% variable, while the Credit One Amex has a lower APR of 29.74%.

    annualFee icon

    Annual Fee: Tie

    Both the QuicksilverOne and the Credit One Amex card have a $39 annual fee.

    lowInterestAPR icon

    Introductory 0% APRs: Tie

    Neither the Credit One Amex nor the QuicksilverOne offers an introductory 0% APR on purchases or balance transfers.

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    Rewards: QuicksilverOne

    The QuicksilverOne is better for rewards, offering unlimited 1.5% cash back on every purchase and 5% back on hotels and rental cars booked through Capital One Travel. Additionally, cardholders benefit from complimentary Uber One membership statement credits through November 14, 2024. Credit One Amex offers unlimited 1% cash back on purchases.

    rewards icon

    Welcome Offers: Tie

    Neither the Credit One Amex nor the QuicksilverOne offers a welcome bonus, making this feature a tie between the two.

    creditApproved icon

    Recommended Credit Score: Tie

    Both cards recommend credit scores ranging from 580 to 740 (fair to good).

    autopay icon

    Penalties and Fees: QuicksilverOne

    The QuicksilverOne provides clearer information on penalties and fees, including a late fee of up to $40. It also benefits from having no foreign transaction fees or penalty APR. The Credit One Amex has late fees of up to $39 and foreign transaction fees of $1 or 3%, whichever is greater.

    points icon

    Issuer Satisfaction: QuicksilverOne

    Capital One has the higher issuer satisfaction score of 4.2. Credit One Bank has a rating of 2.0.

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    Other Features & Perks: QuicksilverOne

    The QuicksilverOne offers complimentary Uber One membership statement credits through 11/14/2024, unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, access to CreditWise for credit monitoring and contactless payment technology. Credit One Amex provides access to Amex Offers and provides retail protection coverage.

Rewards Comparison

The QuicksilverOne card edges out with its straightforward rewards program, offering an unlimited 1.5% cash back on all purchases. This is beneficial to those who prefer a no-fuss approach to earning rewards and is a higher rate than the Credit One Amex.

While the Credit One Amex does not compete on the same level, it may still hold value for some users. It does provide unlimited 1% cash back on purchases. For frequent travelers, the QuicksilverOne card's 5% cash back on hotels and rental cars booked through Capital One Travel is particularly compelling. This benefit can add significant value for those who book travel this way, making it a standout feature of the card.

Below is a table of bonus categories to help you compare the rewards programs of both cards.

Category
QuicksilverOne
Credit One Amex

Every Purchase

1.5% cash back

1% cash back

Groceries

1.5% cash back

1% cash back

Gas

1.5% cash back

1% cash back

Dining

1.5% cash back

1% cash back

Hotels and Rental Cars

5% cash back if booked through Capital One Travel portal

1%

Redeeming Rewards

For the QuicksilverOne card, your cash back won't expire as long as your account is active, offering peace of mind. You can redeem your rewards at any time and for any amount, which means you have full control over when to use your cash back. The redemption options are flexible, including statement credits and gift cards, aligning with the card's straightforward approach to rewards. For the Credit One Amex, redemption is also straightforward since your cash back earnings automatically apply as a statement credit.

Methodology

MoneyGeek evaluates credit cards like the Credit One Amex and QuicksilverOne based on their performance in various use cases. For these cards, the cash back use case is most relevant. The largest factors in their cash back score include the effective reward rate, which accounts for the majority of the score and the return on investment for offers.

Other considerations include annual fees, issuer satisfaction and recommended credit. For a detailed understanding of our scoring process, you can review our ranking methodology.

FAQ: Credit One Amex vs. QuicksilverOne Card

What are the annual fees for each card?
How do the rewards programs compare between the two cards?
Can I get a credit line increase with either of these cards?
Are there any foreign transaction fees associated with these cards?
What is the recommended credit score for each card?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

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.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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