Credit One Bank® Platinum Visa®
vs. Capital One QuicksilverOne Cash Rewards Credit Card

Updated: June 25, 2024

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Both the Credit One Bank® Platinum Visa® and the Capital One QuicksilverOne Cash Rewards Credit Card cater to individuals with fair to good credit, offering cash back rewards and fraud protection without introductory APRs. The QuicksilverOne stands out with its unlimited 1.5% cash back on all purchases and potential for a higher credit line, making it the superior choice if you value simplicity and higher rewards.

The Credit One Platinum should not be overlooked, because it also provides cash back on everyday purchases and could be a suitable option for those seeking to build credit with responsible use.

Credit Card logo for Credit One Bank® Platinum Visa®
Credit One Bank® Platinum Visa®
Credit Card logo for Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card
MoneyGeek Rating
1.7/ of 5
MoneyGeek Rating
1.7/ 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 value simplicity in earning rewards. With a flat cash back rate on all purchases and potential for a higher credit line, it's a strong choice if you want straightforward rewards and use your card frequently across various categories.

You might prefer the Credit One Platinum if your spending is concentrated in specific areas such as gas and groceries. The card offers cash back in these categories and provides a free credit score and report summary, which can be beneficial if you’re closely monitoring your credit health.

Head-to-Head Comparison: Card Details and Features

Evaluating features like APRs, fees, credit requirements, rewards and introductory offers will clarify which card is for you. For instance, if you prefer a flat cash back rate on all purchases, the QuicksilverOne may appeal to you, whereas the Credit One Platinum could be favorable for specific category spending.

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    Regular APR: Credit One Platinum

    The Credit One Platinum offers a slightly better regular APR at 29.74% variable, compared with the QuicksilverOne's 29.99% variable APR. Both cards have variable rates, but the Credit One Platinum edges out with a marginally lower APR.

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    Annual Fee: Tie

    Both the Credit One Platinum and the QuicksilverOne have an annual fee of $39.

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    Introductory 0% APRs: Tie

    Neither the Credit One Platinum 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% on travel booked through Capital One Travel, compared with the Credit One Platinum's 1% on select categories.

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    Welcome Offers: Tie

    Neither the Credit One Platinum nor the QuicksilverOne offers a welcome bonus.

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    Recommended Credit Score: Tie

    Both the Credit One Platinum and the QuicksilverOne cater to the same credit score range of 580 to 740, indicating fair to good credit.

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    Penalties and Fees: QuicksilverOne

    The QuicksilverOne is better for penalties and fees, offering no foreign transaction fees and a lower cash advance fee percentage. Both cards do not apply penalty APRs, but the QuicksilverOne's slightly higher late fee is offset by its more favorable other fee structures.

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    Issuer Satisfaction: QuicksilverOne

    Capital One outperforms Credit One in issuer satisfaction, with a rating of 4.2 compared to 2.0. This suggests a higher level of customer satisfaction with Capital One's services.

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    Other Features & Perks: Tie

    Both cards offer unique perks that enhance their value. The QuicksilverOne provides benefits like complimentary Uber One membership credits and exclusive cash back on travel booked through Capital One Travel, along with credit monitoring via CreditWise.

    The Credit One Platinum offers a free online credit score and report summary, customizable payment due dates and a mobile app for on-the-go account management.

Rewards Comparison

The QuicksilverOne stands out with its straightforward cash back program, offering an unlimited 1.5% on all purchases. Travelers will appreciate the added perk of 5% back on bookings through Capital One Travel. By contrast, the Credit One Platinum's most compelling feature is its 1% cash back on eligible gas and grocery purchases, as well as select services.

If you prioritize a higher rewards rate across all spending, the QuicksilverOne is the clear winner. However, if your spending is heavily concentrated in the categories where Credit One Platinum offers cash back, it could be a consideration. Neither card complicates matters with rotating categories or spending caps, making them both straightforward options.

The table shows a detailed comparison of the bonus categories for each card.

Category
Credit One Platinum
QuicksilverOne

Gas

1% cash back

1.5% cash back

Groceries

1% cash back

1.5% cash back

Mobile Phone, Internet, Cable and Satellite TV Services

1% cash back

1.5% cash back

Hotels and Rental Cars Booked Through Capital One Travel

1% cash back

5% cash back/1.5% cash back

All Other Purchases

1% cash back

1.5% cash back

Redeeming Rewards

The QuicksilverOne keeps it simple: cash back does not expire and there are no limits to earnings. Similarly, the Credit One Platinum card offers straightforward redemption, with cash back automatically credited to your account without expiration. Both cards offer redemption processes that are similar to cash, such as statement credits or gift cards, providing flexibility in how rewards can be used.

Methodology

MoneyGeek evaluates credit cards using a ranking process tailored to specific use cases. This approach ensures that the score reflects the card's performance in the scenario where it provides the most value.

For cash back cards, the primary factors we consider are the effective reward rate and the return on investment for offers. These elements — along with annual fees, introductory purchase rates and issuer satisfaction — contribute to a card's overall score. For a detailed understanding of our process, you can review our ranking methodology.

FAQ: Credit One Platinum vs. QuicksilverOne

What are the annual fees for these cards?
How do the cash back rewards compare between the two cards?
Can I increase my credit line with either of these cards?
Are there any foreign transaction fees for these cards?
What is the recommended credit score for these cards?

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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