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Capital One® Quicksilver® vs. Citi® Double Cash: Cash Rewards Head-to-Head

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Capital One® Quicksilver® vs. Citi® Double Cash

If you’re looking for high cash rewards on all of your purchases, the Capital One® Quicksilver® Cash Rewards Credit Card and Citi® Double Cash Card – 18 month BT offer are two fantastic options. They both offer high rewards rates, as well as their own special perks.

Which card is best for your spending habits and lifestyle? Read on as these cards face off for a spot in your purse or pocket.

At a glance
Capital One® Quicksilver® Cash Rewards Credit Card Citi® Double Cash Card – 18 month BT offer
Annual fees $0 $0
Foreign transaction fees None 3%
Rewards program Cash back Cash back
Signup promotion One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening. None.
Who would want each card?
Good for:
  • Someone who travels overseas
  • Someone who wants a signup bonus
  • Someone who will spend less than $20,000 in year one
  • Someone who wants high ongoing cash rewards
  • Someone who is keeping the card for the long haul, or will spend more than $20,000 in year one
Bad for:
  • Someone who wants the highest cash rewards available
  • Someone who wants to redeem rewards in small increments
  • Someone who spends outside of the U.S.

Capital One® Quicksilver® Cash Rewards Credit Card vs. Citi® Double Cash Card – 18 month BT offer: The basics

The Capital One® Quicksilver® Cash Rewards Credit Card and Citi® Double Cash Card – 18 month BT offer offer cash-back rewards rates of 1.5% and 1% plus another 1%, respectively, if you pay off your balance. But rewards aren’t the only reason to get a credit card. The Capital One® Quicksilver® Cash Rewards Credit Card has a few perks the Citi® Double Cash Card – 18 month BT offer lacks — like no foreign transaction fees and a signup bonus worth telling your friends about.

Get higher ongoing rewards with the Citi® Double Cash Card – 18 month BT offer

The Citi® Double Cash Card – 18 month BT offer boasts higher ongoing rewards than the Capital One® Quicksilver® Cash Rewards Credit Card if you pay off your purchases. You’ll earn 1% cash back when you make purchases and another 1% when you pay them off. And while the Nerds recommend that you pay off your balance each month to avoid interest, you can receive the additional 1% whenever you pay purchases off — it doesn’t necessarily have to be the same month you make them.

Citi® Double Cash Card – 18 month BT offer

Citi® Double Cash Card – 18 month BT offer

Apply Now on Citibank's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • High rewards rate
    • No annual fee
    • 0% APR period on balance transfers

    Cons

    • No sign-up bonus
    • No 0% APR for purchases
    • $25 minimum redemption

    Annual Fees

    $0

    APR

    • APR: 14.49% - 24.49% Variable APR
    • Penalty APR: Up to 29.99%, Variable
    • Cash Advance APR: 26.24%, Variable

    Bonus Offers

    None

    Intro APR

    • 0% on Balance Transfers for 18 months
  • Additional Information
    • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
    • Balance Transfers do not earn cash back
    • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.49% - 24.49% based on your creditworthiness
    • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
    • No categories to track, no caps on cash back, no annual fee*

With the Citi® Double Cash Card – 18 month BT offer, you can start redeeming your cash rewards at $25 in the form of statement credit, gift card or check. The Capital One® Quicksilver® Cash Rewards Credit Card, on the other hand, allows you to redeem cash rewards in any amount whenever you want. If you prefer to redeem rewards in smaller increments, the Capital One® Quicksilver® Cash Rewards Credit Card is the better option.

Travel overseas and cash in on a sweet signup bonus with the Capital One® Quicksilver® Cash Rewards Credit Card

Neither card has an annual fee, but the Citi® Double Cash Card – 18 month BT offer has foreign transaction fees of 3%. If you travel overseas at all, the Capital One® Quicksilver® Cash Rewards Credit Card doesn’t have foreign transaction fees.

The Capital One® Quicksilver® Cash Rewards Credit Card comes with a killer cash signup bonus: One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening. This puts it ahead of the Citi® Double Cash Card – 18 month BT offer in net rewards during the first year for smaller spenders.

Capital One® Quicksilver® Cash Rewards Credit Card vs Citi® Double Cash Card – 18 month BT offer: The perks keep coming

In addition to its signup bonus and no foreign transaction fees, the Capital One® Quicksilver® Cash Rewards Credit Card has another perks worth mentioning. If you need some time to pay off your purchases, you’ll enjoy the introductory APR of 0% on Purchases and Balance Transfers for 9 months, and then the ongoing APR of 13.99% - 23.99% Variable APR.

If the high rewards aren’t enough, the Citi® Double Cash Card – 18 month BT offer also has a few extra benefits to appreciate. If you register your purchases on the Citi website, Citi Price Rewind will scour the web for better deals and refund you the price difference if it finds one. There’s also a long introductory APR offer of 0% on Balance Transfers for 18 months, and then the ongoing APR of 14.49% - 24.49% Variable APR. Keep in mind, you won’t get your extra 1% cash rewards until you’ve paid off your purchases.

Nerd alert! Let’s crunch the numbers — which card is best for you?

During the second year and beyond, you’ll net higher rewards from the Citi® Double Cash Card – 18 month BT offer, provided you pay off your balance. However, during the first year of cardmembership, certain spenders will benefit more from the Capital One® Quicksilver® Cash Rewards Credit Card.

Taking the signup bonus into consideration, consumers who put less than $20,000 on their credit cards will get more out of the Capital One® Quicksilver® Cash Rewards Credit Card in year one. If you spend more than that, you’ll get better rewards with the Citi® Double Cash Card – 18 month BT offer.

Bottom line: For higher ongoing rewards, go with the Citi® Double Cash Card – 18 month BT offer. But if you occasionally travel overseas or want a quick signup bonus, the Capital One® Quicksilver® Cash Rewards Credit Card is the better choice. Either way, enjoy racking up your cold, hard cash rewards.

Erin El Issa is a staff writer covering personal finance for NerdWallet. Follow her on Twitter @Erin_Lindsay17 and on Google+.


Image via iStock.