Chase Freedom Flex®
vs. Capital One QuicksilverOne Cash Rewards Credit Card

Updated: June 20, 2024

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The Chase Freedom Flex® Card and the Capital One QuicksilverOne Cash Rewards Credit Card offer enticing cash back rewards, but the Freedom Flex edges ahead with its higher cash back score and no annual fee.

The QuicksilverOne should not be overlooked, especially for if you have a lower credit score because it offers a flat cash back rate on all purchases and the opportunity for a higher credit line. Although the Freedom Flex provides a $200 bonus and 0% intro APR for 15 months, the QuicksilverOne's lower credit requirement makes it more accessible to a broader range of consumers.

Credit Card logo for Chase Freedom Flex®
Chase Freedom Flex®
Credit Card logo for Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card
MoneyGeek Rating
3.7/ of 5
MoneyGeek Rating
3.7/ of 5

  • Regular APR
    20.49–29.24% variable
    29.99% variable
    0% APR Offer
    0% intro APR for 15 months
    -
    Intro Offer
    Earn a $200 bonus
    No current offer
    Rewards Summary
    Earn 1– 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
    0% intro APR for 15 months
    -
    Balance Transfer Fee
    3% of the amount of each transfer (minimum $5)
    4% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you.
    Annual Fee
    $0
    $39
    Recommended Credit
    670–850 (Good to Excellent)
    580-740 (Fair to Good)
    Penalty APR
    Up to 29.99% (variable)
    -
    Not sure?

Which Card Is Better for You?

You might prefer the Freedom Flex if you have good to excellent credit and are looking for a card with no annual fee that offers high rewards in rotating categories and a generous sign-up bonus. Its 0% intro APR for 15 months on purchases and balance transfers can also be a significant benefit if you're planning a large purchase or want to move a balance from another card.

You might prefer the QuicksilverOne if you have fair to good credit and are seeking a straightforward rewards card. It offers a flat 1.5% cash back on all purchases and the potential for a higher credit line after six months. Although there is an annual fee, this card can be a tool for building credit while earning rewards.

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 avoiding annual fees is a priority, the Freedom Flex stands out, whereas consistent rewards on all purchases make QuicksilverOne appealing.

    discount icon

    Regular APR: Freedom Flex Card

    The Freedom Flex offers a more favorable regular APR range starting at 20.49%, compared with the QuicksilverOne's APR of 29.99%. This makes the Freedom Flex potentially more cost-effective for carrying a balance.

    annualFee icon

    Annual Fee: Freedom Flex Card

    The Freedom Flex is better for avoiding annual fees, with a $0 annual fee compared with the QuicksilverOne's $39 annual fee.

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    Introductory 0% APRs: Freedom Flex

    The Freedom Flex is better for introductory 0% APRs, offering 0% intro APR for 15 months on purchases and balance transfers. The QuicksilverOne does not offer an intro 0% APR.

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    Rewards: Freedom Flex

    The Freedom Flex is better for rewards, offering 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Travel℠, 3% on dining and drugstores, and 1% on all other purchases.The QuicksilverOne offers a solid 1.5% back on all purchases and 5% on travel booked through Capital One.

    rewards icon

    Welcome Offers: Freedom Flex

    The Freedom Flex outperforms the QuicksilverOne in welcome offers, featuring a $200 bonus after spending $500 in the first three months. The QuicksilverOne has no welcome offer.

    creditApproved icon

    Recommended Credit Score: QuicksilverOne

    The QuicksilverOne is better for individuals with lower credit scores, requiring a range of 580 to 740 (fair to good), making it accessible to a broader audience compared with the Freedom Flex's 670 to 850 (good to excellent) requirement.

    autopay icon

    Penalties and Fees: QuicksilverOne

    The QuicksilverOne is better for penalties and fees, lacking a penalty APR and foreign transaction fees, in contrast to the Freedom Flex, which has a penalty APR of up to 29.99% and a 3% foreign transaction fee.

    points icon

    Issuer Satisfaction: Capital One QuicksilverOne Cash Rewards Credit Card

    When it comes to issuer satisfaction, Capital One edges out with a rating of 4.2 compared withj Chase's 4.1.

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    Other Features & Perks: Tie

    Both cards offer unique perks. The Freedom Flex provides benefits like a $200 bonus after spending $500 in the first three months, 5% cash back in rotating categories and 0% introductory APR for 15 months.

    The QuicksilverOne offers 1.5% cash back on every purchase, potential credit line increases, $0 Fraud Liability, and complimentary Uber One membership credits. Each card's perks cater to different preferences, making this a tie.

Rewards Comparison

The Freedom Flex card stands out with its 5% cash back on rotating categories, which can be highly rewarding if your spending aligns with those categories. It also offers 3% back on dining and drugstore purchases, and 5% on travel booked through Chase Travel, making it a strong contender if you dine out frequently or travel. However, it requires activation and tracking of the rotating categories, which may be a drawback for some users.

The QuicksilverOne, with its flat 1.5% cash back on all purchases, is simpler and more straightforward. While it doesn't offer the higher reward rates of the Freedom Flex in certain categories, it's consistent across the board. Its most compelling bonus category is the 5% back on hotels and rental cars booked through Capital One Travel, which can be beneficial for frequent travelers.

If you prefer simplicity and a solid rate on all purchases, the QuicksilverOne is appealing. But for maximizing rewards in specific categories, the Freedom Flex may be the better option, especially if you’re willing to keep track of the rotating categories.

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

Category
Freedom Flex
QuicksilverOne

Travel

5% if purchased through portal

1.5%

Rotating Categories

5% on up to $1,500 in purchases quarterly

1.5%

Dining

3%

1.5%

Drugstores

3%

1.5%

Hotels and Rental Cars

1%

5% if purchased through portal

Redeeming Rewards

The QuicksilverOne offers simplicity with its cash back that doesn't expire and lacks specific redemption categories. But the Freedom Flex provides a variety of redemption options, from cash to travel, with varying values. Neither card imposes expiration on rewards as long as the account remains open, ensuring that the rewards you earn are yours to use whenever you decide.

Methodology

MoneyGeek evaluates credit cards like Freedom Flex and QuicksilverOne for various 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: Freedom Flex vs. QuicksilverOne

What are the annual fees for each card?
Do either of the cards offer a welcome bonus?
What is the introductory APR offer for each card?
How do the rewards programs compare between the two cards?
Can I increase my credit limit 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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