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Capital One QuicksilverOne Cash Rewards Credit Card vs The Business Platinum Card® from American Express
This comparison aims to help you decide between the Capital One QuicksilverOne Cash Rewards Credit Card and The Business Platinum Card® from American Express. Both cards offer unique rewards and benefits tailored to different spending habits and financial goals.
Card Overviews
Capital One QuicksilverOne Cash Rewards Credit Card
The Capital One QuicksilverOne Cash Rewards Credit Card is designed for individuals looking for straightforward cash back rewards. It has no rotating categories and offers unlimited cash back on every purchase, making it an excellent choice for everyday spending.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is tailored for business owners who travel frequently and want to maximize rewards on business-related purchases. With a high annual fee, it provides premium benefits, including extensive travel rewards and exclusive access to airport lounges.
Detailed Feature Comparison
| Feature | Capital One QuicksilverOne Cash Rewards Credit Card | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | $0 | $695 |
| Welcome Bonus | N/A | 150,000 Membership Rewards® points after $20,000 spend in 3 months, plus a $500 statement credit after $2,500 spend on flights |
| Rewards Structure | 1.5% cash back on all purchases | 5X points on flights and hotels at AmexTravel.com; 1.5X points on select purchases; 1X points on all other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | $0 Fraud Liability | Various fees may apply based on usage |
| Additional Benefits | CreditWise monitoring, contactless payments | Access to airport lounges, $200 Airline Fee Credit, tech and wireless 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 QuicksilverOne Cash Rewards Credit Card
- Pros:
- No annual fee
- Unlimited 1.5% cash back on all purchases
- Easy rewards structure with no categories
- Credit monitoring available
- Cons:
- No welcome bonus
- Limited travel benefits
The Business Platinum Card® from American Express
- Pros:
- High welcome bonus potential
- Extensive travel benefits, including airport lounge access
- Multiple credits for travel and business expenses
- Cons:
- High annual fee
- More complex rewards structure
Who Should Consider Which Card?
- The Capital One QuicksilverOne Cash Rewards Credit Card is ideal for individuals seeking straightforward cash back on everyday purchases without the burden of an annual fee.
- The Business Platinum Card® from American Express is better suited for business owners who travel frequently and can take advantage of premium travel rewards and benefits to justify the high annual fee.
Conclusion
In summary, both cards cater to different user needs. Consider your spending habits, lifestyle, and financial goals when choosing between the Capital One QuicksilverOne Cash Rewards Credit Card and The Business Platinum Card® from American Express.