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Blue Cash Preferred® Card from American Express vs Capital One Quicksilver Cash Rewards for Good Credit
This comparison aims to help users decide between the Blue Cash Preferred® Card from American Express and the Capital One Quicksilver Cash Rewards for Good Credit, focusing on their key features, rewards, and benefits.
Card Overviews
Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express is designed for consumers who frequently shop at U.S. supermarkets and enjoy streaming services. With a robust cash back rewards program, it's ideal for those who want to maximize their earnings on everyday purchases.
Capital One Quicksilver Cash Rewards for Good Credit
The Capital One Quicksilver Cash Rewards for Good Credit card offers straightforward cash back rewards with no annual fee, making it suitable for users who prefer simplicity in their rewards structure. It caters to users who want to earn cash back on every purchase without worrying about rotating categories.
Detailed Feature Comparison
| Feature | Blue Cash Preferred® Card from American Express | Capital One Quicksilver Cash Rewards for Good Credit |
|---|---|---|
| Annual Fee | $0 intro annual fee for the first year, then $95 | $0 |
| Welcome Bonus | $250 statement credit after spending $3,000 in the first 6 months | None |
| Rewards Structure | 6% at U.S. supermarkets (up to $6,000/year), 6% on select streaming, 3% on transit and gas, 1% on other purchases | 1.5% on every purchase, 5% on hotels and rental cars booked through Capital One Travel |
| Foreign Transaction Fee | None | None |
| Other Fees | Plan fees apply after the first 12 months | $0 Fraud Liability |
| Additional Benefits | Cash Back in the form of Reward Dollars, Disney Bundle Credit | Cash back won't expire, no limits on earning |
Rewards Highlights
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses, and more.
- 3% Cash Back at U.S. gas stations.
- 1% Cash Back on other purchases.
Pros and Cons
Blue Cash Preferred® Card from American Express
- Pros:
- High cash back on groceries and streaming services.
- Generous welcome bonus.
- Flexible redemption options for cash back.
- Cons:
- Annual fee after the first year.
- Requires higher spending to maximize rewards.
Capital One Quicksilver Cash Rewards for Good Credit
- Pros:
- No annual fee and no foreign transaction fees.
- Simple cash back rewards structure.
- No expiration on cash back earnings.
- Cons:
- Lower cash back rates compared to specialized cards.
- No significant welcome bonus.
Who Should Consider Which Card?
- The Blue Cash Preferred® Card from American Express is ideal for:
- Individuals who spend heavily at U.S. supermarkets.
- Those who subscribe to multiple streaming services.
- Users who can take advantage of the welcome bonus and rewards on larger purchases.
- The Capital One Quicksilver Cash Rewards for Good Credit is suited for:
- Consumers looking for a straightforward cash back card with no annual fee.
- Those who prefer a simple rewards structure without rotating categories.
- Individuals who travel internationally and want to avoid foreign transaction fees.
Conclusion
When choosing between the Blue Cash Preferred® Card from American Express and the Capital One Quicksilver Cash Rewards for Good Credit, it's essential to consider your individual spending habits and financial goals. If you frequently spend on groceries and streaming services, the Blue Cash Preferred card may provide greater rewards. However, if you seek simplicity and no annual fee, the Capital One Quicksilver card could be the better fit. Evaluate your needs to make the best decision for your lifestyle.