If it is a great cash back credit card battle that you want then here is the competition between the Capital One Quicksilver vs Citi® Double Cash Card. Both of these cards come from great credit card issuers and both have simple and easy to understand cash back rewards programs. We will break down each card, the benefits and features that they come with, and also touch on how they can improve in certain areas as well. So let’s go ahead and get started.
By Matthew Coan
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Capital One Quicksilver vs Citi Double Cash Breakdown
If you are interested in getting a great cash back rewards rate on everything that you buy, along with not having to juggle bonus categories or certain spend exclusions, then these cards are great options. The Capital One Quicksilver card has a great flat back cash reward rate that is well above the industry standard compared to other cards in this category. There are some ways to earn bonus cash if you want and that is by making certain travel purchases through the Capital One travel portal. Which is something most cards are utilizing these days to give their customers the best options when it comes to their next vacation.
The Citi Double Cash Card offers an even higher flat cash back rate that comes in the form of you get rewarded when you buy things and then again when you pay them off. It does come with a great balance transfer offer if that is something you are interested in, and you get all of this for no annual fee. Not a bad start in this battle of the Capital One Quicksilver vs Citi Double Cash.
Capital One Quicksilver
The Capital One Quicksilver Cash Rewards Credit Card has been one of the mostly popular cards in this category for a while. With its simplicity of use it is no wonder why so many people think of it as their go to card for everyday purchases. You get an awesome cash back rewards rate, that is much higher than most other cards. And you get this rate on everything that you buy. There are no categories to worry about and no spend restrictions. The one place where you can earn a huge bump in the amount of cash back you earn is if you make certain travel purchases through the Capital One travel website. Where you can find great deals on any of your travel needs. You get all of this for no annual fee, which means all the cash back rewards you earn are yours to keep.
Key Features
- Awesome signup bonus opportunity
- Cash back rewards rate on everything you buy that’s well above industry standard
- Bonus cash back on certain purchase made through Capital One Travel
- No annual fee
- And more
Citi Double Cash Card
With an even higher cash back rate the Citi Double Cash Card maximizes the money that you spend. You earn your cash back rewards by making purchases and then you get rewarded again when you pay it off. There are no categories to worry about and no spend requirements either. Just shop how you want and watch your cash back rewards add up. You get all of this for no annual fee so, just like its competitor, you are on your way to keeping all of the cash back rewards that you earn.
Key Features
- Earn a super high cash back rewards rate on everything you buy
- Get rewards when you purchase and then again when you pay it off
- Great balance transfer offer (balance transfer fee may apply)
- No annual fee
- And more
Capital One Quicksilver vs Citi Double Cash Annual Fee
This part of the competition is pretty easy to breakdown. Both of these awesome cash back credit cards come with no annual fee. That means that you are all set to go out and earn as much cash back as you want and keep it. You really can’t ask for anything better than that.
Since you are in the market for a cash back credit card is it important to point out that there are some options that do come with an annual fee. Which usually means that they most likely come with more perks and benefits. So if you want to go and extra step to get to know how to maximize these additional features then take a look at some cash back cards that have an annual fee. If you want simple and easy then you can’t go wrong with the two cards featured here.
Foreign Transaction Fees
If you plan on traveling overseas and using one of these two cards then the decision is a pretty simple one. The Capital One Quicksilver Card does not have any foreign transaction fees. Which means you are free to use it as you want and not worry about being charged anything extra to convert the payment into the local currency. Which can really save you a lot, especially if you are taking a long international travel trip.
The Citi Double Cash Card does charge a foreign transaction fee when it is used anywhere outside of the U.S. So if you plan to use it overseas expect a little bit extra to be charged each time you use it.
Balance Transfers
Finding a winner between two different cards in the balance transfer area usually comes down to 2 things. Length of the balance transfer intro APR period and also the balance transfer fee. The longer the intro APR period then the more time that you have to pay it off. Which can save you a lot of money in eliminated credit card interest.
The balance transfer fee is usually something that is included with most balance transfer offers. Every once in a while a card will come out with a no balance transfer fee, but this is rare. Both of these cards offer a balance transfer 0 APR offer. But because they change often you want to make sure to check the current up to date offers to see which one will suit you best.
Cash Bonus Offers
By comparing two of the most simple and straight forward cash back credit cards you usually don’t have to go over bonus categories. But there are a lot of people that are still interested in them so we can cover what each has to offer.
The Capital One Quicksilver card offers bonus cash back for certain travel purchases that you make through the Capital One Travel Portal. Most major credit cards offer a travel portal and that is where you can go to find great deals and hopefully earn some bonus rewards in the process. A nice little extra perk that comes with the Quicksilver card.
The Citi Double Cash Card is a you get what you see card. There are no cash back bonus categories available. But with it’s super high elevated cash back rate this might be exactly what some people are looking for.
Capital One Quicksilver vs Citi Double Cash Credit Score Needed
Being that both of these cards are some of the more popular and sought after options available you will need to have good to excellent credit to qualify. This is usually in the 670 – 850 range. Cards with some of the best options and rewards rates more often than not require to have a better credit score than others. And that is why they are able to offer superior benefits as well.
Make sure to know your credit score before you apply so you give yourself the best chance of getting approved. The last thing you want is to get denied and do even more damage to your credit score.
Welcome Offer
This is another area that many people take into consideration when trying to decide which credit card to get. The welcome offer, or signup bonus, is something that can kick start your rewards and can potentially be worth a lot of money. Many credit cards companies know this and they market different welcome bonus offer all of the time to help attract new customers.
Because of this be sure to check the up to date current offer for both of these cards to see which welcome offer you like best and fits your needs. Again, a welcome offer can make or break which card you choose because of their value and the ability to earning a lot of rewards in the first few months of account opening.
Additional Benefits
If you are looking for extra perks and benefits then you might have to look at some other options. Being that both of these cards have no annual fee and both are meant to be as simple and easy to use as possible, they do not come with too many additions. Which, to some people, is exactly what they want. No frills, simple and easy cash back on everything that you purchase.
If it is additional benefits that you want then go ahead and take a look at the other cash back credit available through our Best Cash Back credit cards page. You can find the up to date offer for both of the cards featured here along with all the other cash back cards available and the additional benefits that come with them.
Other Options To Consider
Blue Cash Preferred® Card from American Express
If you want a cash back credit card that does come with an annual fee but also a ton of extras than this is a great option. With a super high cash back rate in certain categories such as select U.S. supermarkets, select U.S. gas stations, certain travel purchases, and more you can find some huge value if you shop a lot within the bonus categories. You may also be able to take advantage of a statement credit for certain purchases as well.
Key Features
- Super high cash back rewards rate in bonus categories
- Excellent welcome bonus opportunity
- May qualify for statement credits for certain purchases
- Annual fee
- And more
Be sure to check out Amex Blue Cash Preferred vs Blue Cash Everyday
Chase Freedom Unlimited®
The Chase Freedom Unlimited Card offers multiple bonus cash back categories each with an elevated cash back rewards rate. If you find that you do a lot of spending in these categories that you can certainly watch your cash back rewards pile up. With it also coming with no annual fee means that all the cash back rewards you earn are yours to keep as well. Plus being able to use the rewards you earn through the Chase Ultimate Rewards® portal will leave you with plenty of options to use your cash back any way that you want.
Key Features
- Sign-up bonus that increases based on the amount that you spend
- Great cash back rewards rate in bonus categories
- Above industry standard base rewards on everything else you buy
- No annual fee
- And more
See our matchup between Chase freedom Unlimited vs Citi Double Cash
Capital One SavorOne Cash Rewards Credit Card
If you are into dining out and entertainment purchases then the Capital One SavorOne card is worth a look. It has an unbeatable cash back rewards rate on purchases made in these categories that will certainly be worth it if that is where a majority of your purchases are. You can also earn bonus cash-back rewards on certain travel purchases made through the Capital One travel website as well. And not mention that it comes with no annual fee so you will be on the right path to maximizing all of the cash back rewards that you earn.
Key Features
- Awesome signup bonus opportunity
- Super high cash back rewards on dining and entertainment purchases
- Base cash back rate on all other purchases
- No annual fee
- And more
Head to head comparison with Capital One SavorOne vs Quicksilver
Capital One Quicksilver vs Citi Double Cash Conclusion
Now that you know pretty much everything there is about both of these cards it is up to you to decide which one is best. It is hard to find two different people with the same likes and spending habits so therefore it is hard to find the perfect credit card as well. While there will always be options that seem to fit you best you will most likely wish that there was a little bit more available as well. So you need to find the best fit for you based on the options available.
The Capital One Quicksilver and the Citi Double Cash Card both have great no frill cash back rewards that keep everything simple and straight forward. Both of them are highly regarded as being two great options in the cash-back cards category and both of them come with no annual fee, which is always a plus. This pair also offers unlimited cash back rewards so you can earn as much as you want.
While most places will give you a clear cut winner we think that because everyone is different, you should make the best decision for you. Both Capital One and Citi are considered a well regarded credit card issuer so you can’t go wrong there. If you want a higher cash back rate based on what you buy and when you pay it off then the Citi Double Cash Card is the best option. If you want an elevated cash back rate that’s simple and easy to understand and use then the Quicksilver card is the better option. Either way there a plenty of people who like both of these cards and use them on a daily basis. So they are doing something right in what they have to offer.
About the author: Matthew Coan is the founder of Casavvy and a credit card expert. He has appeared in various media outlets including Yahoo Finance, Credit Karma, Market Watch, Mens Journal, and more. Continue reading