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Blue Cash Preferred® Card from American Express vs Capital One QuicksilverOne Cash Rewards Credit Card
This comparison aims to help you decide between the Blue Cash Preferred® Card from American Express and the Capital One QuicksilverOne Cash Rewards Credit Card. Both cards offer unique benefits and rewards structures that cater to different spending habits and preferences.
Card Overviews
Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card is designed for consumers who frequently shop at U.S. supermarkets and enjoy earning significant cash back on everyday purchases. This card offers a robust rewards structure, particularly for grocery and streaming purchases, making it ideal for families and regular spenders in these categories.
Capital One QuicksilverOne Cash Rewards Credit Card
The Capital One QuicksilverOne Cash Rewards Credit Card targets users seeking simplicity and flexibility in cash back rewards. With a straightforward rewards system that provides unlimited cash back on all purchases, it suits those who prefer an uncomplicated approach to earning rewards without worrying about rotating categories or limits.
Detailed Feature Comparison
| Feature | Blue Cash Preferred® Card from American Express | Capital One QuicksilverOne Cash Rewards Credit Card |
|---|---|---|
| Annual Fee | $0 intro annual fee for the first year, then $95. | $39 |
| Welcome Bonus | Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months. | None specified. |
| Rewards Structure | 6% Cash Back at U.S. supermarkets (on up to $6,000/year), 6% on select U.S. streaming subscriptions, 3% at U.S. gas stations and transit, 1% on other purchases. | 1.5% cash back on every purchase, 5% on hotels and rental cars booked through Capital One Travel. |
| Foreign Transaction Fee | None | None |
| Other Fees | Cash Advance Fee: Either $5 or 3% of the amount of each cash advance, whichever is greater. | Cash Advance Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater. |
| Additional Benefits | $84 Disney Bundle Credit, Plan It® feature for large purchases. | $0 Fraud Liability, automatic credit line increase consideration. |
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 rates on groceries and streaming.
- Generous welcome bonus.
- No foreign transaction fees.
- Additional benefits like the Disney Bundle credit.
- Cons:
- Annual fee after the first year.
- Higher spending requirement for bonuses.
Capital One QuicksilverOne Cash Rewards Credit Card
- Pros:
- No annual fee.
- Unlimited cash back on all purchases.
- Automatic consideration for a higher credit line.
- No foreign transaction fees.
- Cons:
- Lower rewards rate compared to competitors for grocery purchases.
- No welcome bonus.
Who Should Consider Which Card?
The Blue Cash Preferred® Card from American Express is ideal for families and individuals who spend significantly on groceries and streaming services, maximizing cash back in those categories. Conversely, the Capital One QuicksilverOne Cash Rewards Credit Card is suited for users seeking a straightforward, no-fuss cash back experience on all purchases without the burden of an annual fee.
Conclusion
When choosing between the Blue Cash Preferred® Card from American Express and the Capital One QuicksilverOne Cash Rewards Credit Card, it’s crucial to consider your individual spending habits and financial goals. Evaluate which rewards structure aligns best with your lifestyle to make an informed decision.