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Capital One Quicksilver Student Cash Rewards Credit Card vs The Business Platinum Card® from American Express
This comparison aims to help users decide between the Capital One Quicksilver Student Cash Rewards Credit Card and The Business Platinum Card® from American Express. Each card serves different target audiences and features distinct benefits tailored to their users' needs.
Card Overviews
Capital One Quicksilver Student Cash Rewards Credit Card
The Capital One Quicksilver Student Cash Rewards Credit Card is designed for students looking to earn cash back while building their credit. With no annual fee and straightforward rewards structure, it’s an excellent option for those new to credit.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express caters to business owners who frequently travel and seek premium rewards and benefits. With higher annual fees, it offers extensive perks, including access to airport lounges and significant rewards on travel-related purchases.
Detailed Feature Comparison
| Feature | Capital One Quicksilver Student Cash Rewards Credit Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $0 | $695 |
| Welcome Bonus | $50 after spending $100 in the first 3 months | 150,000 Membership Rewards® points after $20,000 spent in first 3 months, plus $500 statement credit after $2,500 spent on qualifying flights |
| Rewards Structure | 1.5% cash back on every purchase | 5X points on flights, prepaid hotels, and short-term rentals booked at AmexTravel.com; 1.5X points on select purchases; 1X on others |
| Foreign Transaction Fee | $0 | $0 |
| Other Fees | None | Varies by transaction |
| Additional Benefits | $0 Fraud Liability, Mobile App Lock, Referral Bonuses | Airport Lounge Access, Airline Fee Credits, Business-related statement credits |
Rewards Highlights
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Earn 1X points on other eligible purchases.
Pros and Cons
Capital One Quicksilver Student Cash Rewards Credit Card
- Pros:
- No annual fee
- Earn unlimited 1.5% cash back on all purchases
- Easy to build credit
- Mobile app features for security
- Cons:
- Lower rewards potential compared to premium cards
- Limited travel benefits
The Business Platinum Card® from American Express
- Pros:
- Generous welcome bonuses
- Extensive travel benefits including lounge access
- Multiple ways to earn points
- Business-related credits and perks
- Cons:
- High annual fee
- Requires substantial spending to maximize benefits
Who Should Consider Which Card?
- The Capital One Quicksilver Student Cash Rewards Credit Card is ideal for students or new credit users who want to earn cash back without worrying about annual fees and complex reward systems.
- The The Business Platinum Card® from American Express is better suited for business owners or frequent travelers who can take full advantage of the card's premium travel perks and are willing to pay a higher annual fee for enhanced rewards.
Conclusion
Ultimately, the choice between the Capital One Quicksilver Student Cash Rewards Credit Card and The Business Platinum Card® from American Express depends on your individual needs and spending patterns. Consider your lifestyle, spending habits, and whether the benefits of one card align more closely with your financial goals than the other.