Credit One Bank® Platinum X5 Visa®
vs. Capital One QuicksilverOne Cash Rewards Credit Card

Updated: June 19, 2024

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Both the Credit One Bank® Platinum X5 Visa® and the Capital One QuicksilverOne Cash Rewards Credit Card cater to individuals with fair to good credit, offering cash back rewards without rotating categories. However, the Credit One Platinum X5 edges ahead with its higher cash back rate on select categories, making it beneficial for those who have significant expenses in those areas.

Still worth considering, the QuicksilverOne offers a flat cash back rate on all purchases and a potential for a higher credit line, which can be valuable for everyday spending and credit building.

Neither card is co-branded, ensuring their rewards are versatile for any purchase.

Credit Card logo for Credit One Bank® Platinum X5 Visa®
Credit One Bank® Platinum X5 Visa®
Credit Card logo for Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card
MoneyGeek Rating
3.6/ of 5
MoneyGeek Rating
3.6/ of 5

  • Regular APR
    29.74% variable
    29.99% variable
    0% APR Offer
    -
    -
    Intro Offer
    No current offer
    No current offer
    Rewards Summary
    Earn up to 5% 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
    $95
    $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 Credit One Platinum X5 if you spend significantly on gas, groceries, internet, cable, satellite TV, and mobile phone services. With 5% cash back on up to $5,000 of these purchases annually, this card maximizes returns for targeted spending despite a higher annual fee.

You might prefer the QuicksilverOne if you value simplicity and consistency in your rewards. A flat 1.5% cash back rate on all purchases means you don't have to track spending categories or caps. The lower annual fee can also be a deciding factor if you prefer to minimize costs.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and additional features side by side clarifies which card aligns with your financial habits. For instance, if you spend heavily on gas and groceries, the Credit One Platinum X5's 5% cash back on eligible purchases might appeal to you. In contrast, QuicksilverOne's lower annual fee could be more attractive for those looking to minimize costs.

    discount icon

    Regular APR: Credit One Platinum X5

    The Credit One Platinum X5 offers a slightly lower regular APR at 29.74% variable than QuicksilverOne's 29.99% variable, making it marginally better in terms of interest rates.

    annualFee icon

    Annual Fee: QuicksilverOne

    The QuicksilverOne is better for minimizing annual fees, charging $39 compared to the Credit One Platinum X5's $95.

    lowInterestAPR icon

    Introductory 0% APRs: Tie

    Neither the Credit One Platinum X5 nor the QuicksilverOne offers introductory 0% APRs on purchases or balance transfers.

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    Rewards: Credit One Platinum X5

    The Credit One Platinum X5 edges out the QuicksilverOne in the rewards category, primarily due to the ability to earn 5% cash back on essential categories up to $5,000 annually. While QuicksilverOne offers a flat 1.5% cash back on all purchases and 5% on travel booked through Capital One Travel, the Credit One Platinum X5's targeted rewards on everyday expenses like gas and groceries may offer more value for typical spending patterns.

    rewards icon

    Welcome Offers: Tie

    Neither the Credit One Platinum X5 nor the QuicksilverOne offers a welcome bonus, making them equal in this aspect.

    creditApproved icon

    Recommended Credit Score: Tie

    Both the Credit One Platinum X5 and QuicksilverOne cater to individuals with fair to good credit scores, ranging from 580 to 740. The similar credit score requirement makes them equally accessible options for those looking to build or improve their credit.

    autopay icon

    Penalties and Fees: Credit One Platinum X5

    In terms of penalties and fees, the Credit One Platinum X5 is better due to its higher internal rating for penalties. Both cards have similar late and cash advance fees, but the Credit One Platinum X5 is rated better for overall penalty leniency.

    points icon

    Issuer Satisfaction: QuicksilverOne

    The QuicksilverOne's issuer, Capital One, leads with an issuer satisfaction rating of 4.2. Credit One Bank, which issues the Platinum X5 card, has a rating of 2.0.

    airplane icon

    Other Features & Perks: Tie

    Both cards offer unique perks. QuicksilverOne includes benefits like complimentary Uber One membership credits. Credit One Platinum X5 provides free online credit score access. Each card caters to different spending habits and preferences.

Rewards Comparison

The Credit One Platinum X5 edges out with its targeted rewards. It offers 5% cash back on essential services and groceries, up to $5,000 annually, then 1%. This card is a strong contender for those who spend heavily in these categories.

The QuicksilverOne keeps it simple with a flat 1.5% cash back on all purchases, appealing for its consistency across the board. While it may not offer the same peak rates on specific categories, its travel-related cash back of 5% on hotels and rental cars booked through Capital One Travel is noteworthy for frequent travelers.

The table below details the bonus categories for both cards to help you compare them at a glance.

Category
Credit One Platinum X5
QuicksilverOne

Gas

5% on the first $5,000 annually, then 1%

1.5%

Grocery

5% on the first $5,000 annually, then 1%

1.5%

Internet, Cable, Satellite TV and Mobile Phone Services

5% on the first $5,000 annually, then 1%

1.5%

Hotels and Rental Cars Booked Through Portal

N/A

5%/1.5% if purchased through portal

All Other Purchases

1%

1.5%

Redeeming Rewards

The Credit One Platinum X5 cardmembers can redeem cash back for statement credit, gift cards, and merchandise.

The QuicksilverOne provides various redemption options similar to cash, such as statement credits and gift cards, offering flexibility in how you use your cash back.

Both cards offer non-expiring rewards, ensuring you have ample time to use them.

Methodology

MoneyGeek evaluates credit cards like the QuicksilverOne and Credit One Platinum X5 using a scoring system tailored to various use cases, such as cash back. In this comparison, both cards are assessed based on their performance in the cash back category.

The largest factors influencing their scores are the effectiveness of the rewards program and the return on investment for offers. For a detailed understanding of our evaluation process, you can review our ranking methodology.

FAQ: Credit One Platinum X5 vs. QuicksilverOne

What are the annual fees for each card?
How do the cash back rewards programs compare?
Are there foreign transaction fees for either card?
What is the APR for each card?
Can I increase my credit line with either 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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