Capital One Quicksilver Cash Rewards Credit Card
vs. Discover it® Cash Back Card

Updated: June 16, 2024

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Both the Capital One Quicksilver Cash Rewards Credit Card and the Discover it Cash Back Card offer enticing cash back rewards and no annual fee. However, the Quicksilver card edges ahead with its unlimited 1.5% cash back on all purchases, making it a better choice for consistent earners.

The Discover it Cash Back has 5% cash back in rotating categories, ideal for those who can maximize these quarterly bonuses. While the Quicksilver card may be the overall winner for its simplicity and higher cash back score, the Discover card's first-year cash back match is a compelling reason to consider it, especially for those planning significant spending in the bonus categories.

Credit Card logo for Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card
Credit Card logo for Discover it® Cash Back Card
Discover it® Cash Back Card
MoneyGeek Rating
4.5/ of 5
MoneyGeek Rating
4.5/ of 5

  • Regular APR
    19.99% - 29.99% variable
    17.24%–28.24% variable
    0% APR Offer
    0% for 15 months on purchases
    0% intro APR for 15 months
    Intro Offer
    Earn $200 Cash Back
    Matches cash back earned at the end of the first 12 months
    Rewards Summary
    Earn unlimited 1.5% cash back
    Earn 1%–5% cash back
    Balance Transfer Offer
    0% for 15 months on balance transfers
    0% intro APR for 15 months
    Balance Transfer Fee
    3% for the first 15 months
    3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)
    Annual Fee
    $0
    $0
    Recommended Credit
    670-850 (Good to Excellent)
    670–850 (Good to Excellent)
    Penalty APR
    None
    None
    Not sure?

Which Card Is Better for You?

You might prefer the Quicksilver if you value simplicity and consistency in your rewards. With a flat 1.5% cash back on all purchases and a straightforward $200 welcome bonus after a $500 spend within three months, it's a solid choice for everyday spending.

You might prefer the Discover it Cash Back if you're adept at maximizing cash back categories and don't mind putting in the effort to activate them each quarter. The first-year cash back match can be helpful if your spending aligns well with the rotating categories, potentially outpacing the bonus offered by the Quicksilver card.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards, introductory offers and other features will help you determine which card suits you best. Assess how each card's specifics, like Quicksilver's flat-rate cash back or Discover it Cash Back's rotating categories, fit your spending patterns. For instance, if you prefer consistent rewards without tracking categories, Quicksilver may suit you, whereas Discover it Cash Back could benefit those who maximize category spending.

    discount icon

    Regular APR: Discover it Cash Back

    The Discover it Cash Back card offers a lower starting APR of 17.24% compared to the Capital One Quicksilver's 19.99%.

    annualFee icon

    Annual Fee: Tie

    Both cards have no annual fee, making them equally attractive for users looking to avoid extra costs.

    lowInterestAPR icon

    Introductory 0% APRs: Tie

    Both cards offer a 0% introductory APR on purchases and balance transfers for 15 months, with a 3% fee on balance transfers. The Discover it Cash Back card has a fee of up to 5% on future balance transfers.

    coins icon

    Rewards: Quicksilver

    The Quicksilver card offers better rewards for those seeking consistent earnings across all purchases. It offers unlimited 1.5% cash back on every purchase, every day, and 5% on travel booked through Capital One. The Discover it Cash Back card provides 5% back in rotating categories up to a quarterly maximum, and 1% on other purchases.

    rewards icon

    Welcome Offers: Quicksilver

    The Quicksilver card offers a better welcome bonus, featuring a one-time $200 cash bonus after spending $500 within three months from account opening, translating to a higher ROI (return on investment) compared to the Discover it Cash Back card's match offer at the end of the first 12 months.

    creditApproved icon

    Recommended Credit Score: Tie

    Both cards require a credit score range of 670 to 850, indicating they are equally accessible to individuals with good to excellent credit.

    autopay icon

    Penalties and Fees: Tie

    Both cards have no foreign transaction fees but differ in their approach to late payment and cash advance fees. The Quicksilver charges up to $40 for late payments and has a cash advance fee of 5% or $5, whichever is greater. The Discover it Cash Back waives the first late payment fee, then charges up to $41, with a cash advance fee of 5% or $10, whichever is greater.

    points icon

    Issuer Satisfaction: Discover it Cash Back

    Discover leads in issuer satisfaction with a rating of 4.5, compared to Capital One's 4.2.

    airplane icon

    Other Features & Perks: Tie

    Quicksilver provides up to six months of complimentary Uber One membership and exclusive cash back on travel booked through Capital One. Discover it Cash Back has a first-year cash back match.

Rewards Comparison

The Quicksilver card simplifies earning with a flat 1.5% cash back on all purchases. This is ideal for those who prefer not to track category bonuses. Booking travel through Capital One gives you 5% cash back, offering extra value for frequent travelers.

The Discover it Cash Back card offers the potential for higher rewards. It offers 5% cash back in rotating categories each quarter, up to a quarterly maximum and 1% back on all other purchases. This card is beneficial if you can align your spending with the rotating categories.

Some of the rotating categories may include drugstores and restaurants. However, you can find more detailed information on the rotating categories for the Discover it Cash Back. The upcoming table will provide a comparison of the bonus categories for both cards.

Category
Quicksilver
Discover it Cash Back

Every Purchase

1.5%

1%

Rotating Categories

1.5%

5% for the first $1,500 in combined quarterly purchases, then 1%

Travel

5% if purchased through the Capital One portal

1%

All Other

1.5%

1%

Redeeming Rewards

Quicksilver allows cardholders to redeem their cash back for statement credits, checks or gift cards with no minimum redemption amount. Automatic redemption can be set up for a specific threshold or annually. Discover it Cash Back also provides various redemption options, including gift cards and account credits, with the added benefit that rewards do not expire as long as the account remains active.

Methodology

MoneyGeek evaluates credit cards like the Quicksilver and Discover it Cash Back using a tailored scoring system 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: Quicksilver vs. Discover it Cash Back Card

What are the cash back rewards for each card?
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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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