Quicksilver or Citi Double Cash: How Does Flat Rate Cash Back Compare?

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Updated on Monday, March 28, 2016

Quicksilver or Citi Double Cash

The Capital One® Quicksilver® Cash Rewards Credit Card and the Citi® Double Cash Card – 18 month BT offer are two cards that offer cold, hard cash back incentives for spending. Unlike other cash back cards with strict bonus categories you must use earn high rewards, these programs give you unlimited cash back for all spending. Here’s a breakdown of what you need to know about both cards and a head-to-head comparison to determine which is a better match for your wallet.

Capital One® Quicksilver® Cash Rewards Credit Card Cash Back Program

The Capital One® Quicksilver® Cash Rewards Credit Card from Capital One offers an unlimited 1.5% Cash Back on every purchase, every day, no category restrictions. You can redeem cash back earned at any time and it never expires.

Cardholders can redeem cash back through check, statement credit or gift card. In addition to the regular cash back program,  you earn a One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening. The Capital One® Quicksilver® Cash Rewards Credit Card has a $0 annual fee. After the promo ends, the APR goes to 15.49% - 25.49% (Variable).

Citi® Double Cash Card – 18 month BT offer Cash Back Program

The Citi® Double Cash Card – 18 month BT offer gives double cash back, as the name implies, on all purchases, with no category restrictions or caps. You Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay..

You can redeem for cash when your rewards balance reaches $25. Cash back can be redeemed for a check, statement credit or gift card. You can also transfer credit to a Citi savings or checking account. The Citi® Double Cash Card – 18 month BT offer has a $0 an annual fee.

Pros and Cons

Now, that we’ve covered the basics, here’s the good and bad of both credit cards.

Capital One® Quicksilver® Cash Rewards Credit Card

Pro: No restrictions or cash back caps. You don’t have to spend in a specific category to earn money. And you don’t have to activate the bonus categories each quarter. If you want a passive approach to earning cash back for your spending, this is a card to consider.

Con: Not the highest flat rate cash back offer. The Capital One® Quicksilver® Cash Rewards Credit Card does offer a bonus, but long-term it doesn’t offer the highest rate of flat cash back and doesn’t give the option to earn up to 5% back in certain categories.

Pro: No minimum for redemption. You can redeem cash back for rewards at any time, no need to reach a preset balance threshold.

Pro: Bonus Offer. Another perk is the One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening. It’s easy to achieve without altering your spending habits.

Citi® Double Cash Card – 18 month BT offer

Pro: Offers double cash back. The key perk of the Citi® Double Cash Card – 18 month BT offer is the double cash back, hence the name.

Con: Only full double cash value if you pay off the bill in full. The Citi® Double Cash Card – 18 month BT offer only gives you the extra 1% when you pay off the bill. So if you carry a balance you aren’t getting the full double cash back and the interest you’re paying renders the cash back useless.

Pro: No restrictions. There are no restrictions on how much cash back you can earn and no rotating categories to deal with.

Con: Minimum redemption threshold. One drawback of the Citi® Double Cash Card – 18 month BT offer is you need a $25 cash back balance before you can start redeeming for rewards.

Other Cash Back Card Options

Aside from the Capital One® Quicksilver® Cash Rewards Credit Card and Citi® Double Cash Card – 18 month BT offer, there are other cash back reward programs without rotating categories including the Fidelity® Rewards Visa Signature® Card and the Citizens Bank Cash Back Plus® World Mastercard®.

The Fidelity® Rewards Visa Signature® Card offers an unlimited 2% cash back on everyday purchases. Your cash back never expires and the card has no fee. You can redeem cash back as a deposit into an eligible Fidelity account.

In this program, $1 spent equals 2 points. You can redeem points for a cash deposit once your point balance reaches 5,000. You can redeem points for travel, merchandise, gift cards and statement credit when your point balance reaches 2,500.

The Citizens Bank Cash Back Plus® World Mastercard® lets you earn 1.8% cash back on all eligible purchases.

You get an extra 10% Purchase Bonus on your cash back balance if you make a purchase on the card every month for six months or more. There’s also a 10% Relationship Bonus if you direct deposit rewards into a Citizens Bank checking, savings or money market account.

Which Card Will Benefit You the Most?

Weighing all options, the Citi® Double Cash Card – 18 month BT offer has an edge over the competition for long-term. It gives you more reward for less spending over time and freedom to earn cash back through a check you can deposit anywhere.

On the other hand, Capital One® Quicksilver® Cash Rewards Credit Card gives you quick access to rewards with no minimum redemption limit and a One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening. In this case, you’ll get more benefit upfront with the Capital One® Quicksilver® Cash Rewards Credit Card than you will with the Citi® Double Cash Card – 18 month BT offer.

The information related to Citi® Double Cash Card – 18 month BT offer has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

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