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Freedom Limitless vs. Quicksilver | Million Mile Secrets and techniques


Signing up for bank cards by associate hyperlinks earns us a fee. Phrases apply to the presents listed on this web page. Right here’s our full promoting coverage.

Signing up for bank cards by associate hyperlinks earns us a fee. Phrases apply to the presents listed on this web page. Right here’s our full promoting coverage.

Showdown: The Capital One® Quicksilver® Money Rewards Credit score Card or the Chase Freedom Limitless? They’re each nice bank cards with no annual payment and earn 1.5% money again on each buy.

Each playing cards include a $ 150 sign-up bonus after assembly the minimal spending necessities. However there’s one main distinction that may make the Chase Freedom Limitless far superior.

In case you're on the lookout for bank cards with no annual payment, you've bought decisions. (Picture by ImageFlow / Shutterstock)

Chase Freedom Limitless vs. Capital One Quicksilver: Nice Credit score Playing cards With No Annual Payment

Capital One Quicksilver

The Capital One Quicksilver card comes with a $ 150 bonus after spending $ 500 on purchases throughout the first three months of account opening.

So that you'll get perks like:

  • 1.5% money again on all purchases
  • Journey accident insurance coverage – Insurance coverage for demise or dismemberment at no further cost whenever you buy airfare utilizing your card
  • Auto rental insurance coverage – Secondary collision and theft insurance coverage for you and all further drivers in your settlement
  • Prolonged guarantee – Further guarantee safety whenever you buy objects along with your card
  • Value safety – Get reimbursed the distinction if the value drops on eligible objects inside 120 days of buy
  • No annual payment
  • No international transaction charges

In keeping with Capital One, this card is sweet for folk with glorious credit score. Glorious credit score, as outlined by Capital One, means you haven’t been late on any payments, you’ve by no means declared chapter and you’ve got a longtime credit score historical past.

Redeeming the money again you earn with this card is extraordinarily simple. You’ll be able to request a verify or assertion credit score at any time with no minimal redemption quantity. Or you’ll be able to arrange an computerized redemption of, for instance, $ 25 per thirty days. No matter is smart for you.

Million Mile Secrets and techniques group member Scott has the Capital One Quicksilver Card. He likes how easy it’s to get your money again. Prior to now, he's requested a verify for less than ~ $ 18. Another money again playing cards gained't offer you your cash till your steadiness reaches a $ 25 and even $ 50 threshold. So on this means, Capital One Quicksilver is nice.

And it's good that this card has occasional promotions to save cash. Prior offers have included a promotion with Uber and a 50% low cost on month-to-month Spotify subscriptions. Sadly, these are not out there and there aren’t any present lively offers on the cardboard (however we’ll make sure you let you understand if we hear about any).

Chase Freedom Limitless

The Chase Freedom Limitless comes with a $ 150 bonus (15,000 Chase Final Rewards factors) after you spend $ 500 on purchases in your first three months from account opening. You’ll additionally earn 1.5% money again (1.5 Chase Final Rewards factors per greenback) on all purchases so long as you will have the cardboard. The cardboard has no annual payment.

The factors you earn are value 1 cent every for money again, reward playing cards, or journey by the Chase portal. However they are often value rather more relying on what different playing cards you will have in your pockets.

Notice: Chase won’t approve you for many of their playing cards in case you've opened 5 or extra playing cards from any financial institution (not counting Chase enterprise playing cards and small enterprise playing cards from most, however not all, of the main banks) prior to now 24 months.

Upside of the Chase Freedom Limitless

On their very own, the factors you earn with the Freedom Limitless are solely value 1 cent every for money again or towards journey – however your Chase factors worth skyrockets in case you carry round Chase Final Rewards incomes playing cards with an annual payment.

You’ll be able to switch Chase factors from the Freedom Limitless to a different eligible Chase card, just like the Chase Sapphire Most popular Card or Chase Ink Enterprise Most popular Credit score Card. This fashion, your factors are value 25% extra towards journey by the Chase portal. In case you have the Chase Sapphire Reserve card, factors might be value 50% extra whenever you e book airfare, lodges, or rental automobiles by the Chase journey portal.

So 60,000 Chase Final Rewards factors linked to your Chase Freedom Limitless account are usually solely value $ 600 in rewards if it's the one card you will have. However combining the factors to a different Chase card could make the identical factors value $ 750 or $ 900 in journey.

Plus, you’ll be able to convert your factors into airline miles or resort rewards by redeeming your factors with Chase switch companions like Hyatt, Southwest, United Airways and plenty of others. That is the easiest way to make use of Chase factors. For instance, Million Mile Secrets and techniques group members have booked Hyatt lodges prior to now that may've price $ 600 + per evening for less than 15,000 factors. That's a price of four cents + per level!

Worldwide Vacationers & Small Spenders May Want the Capital One Quicksilver

In case you're solely planning to open one bank card that provides money again with no annual payment and also you journey overseas incessantly, you may be higher off with the Capital One Quicksilver Card. This card doesn’t cost any international transaction charges. Sadly, the Chase Freedom Limitless provides a 3% payment for international transactions, however the payment isn't a deal-breaker in case you carry a number of bank cards.

Backside line

People on the lookout for a no annual payment card can't go mistaken when selecting between the Chase Freedom Limitless and Capital One Quicksilver. Among the MMS group even have each playing cards.

You’ll be able to earn simple money again with each of those playing cards, however, in case you're planning to broaden your portfolio of rewards bank cards sooner or later, the Chase Freedom Limitless is usually a significantly better possibility.

That's as a result of you’ll be able to earn Chase Final Rewards factors with the Freedom Limitless and transfer them over to your Chase Sapphire Most popular, Chase Ink Enterprise Most popular or Chase Sapphire Reserve account. This will increase the worth of your factors when reserving journey by the Chase portal. And having one in all these different Chase playing cards offers you the power to switch factors on to journey companions like Hyatt, Marriott, Southwest, United Airways, and plenty of others.

For the newest suggestions and methods on touring massive with out spending a fortune, please subscribe to the Million Mile Secrets and techniques each day electronic mail publication,

Editorial word: We're the Million Mile Secrets and techniques group. And we're happy with our content material, opinions and evaluation, and of our reader's feedback. These haven’t been reviewed, accepted or endorsed by any of the airways, lodges, or bank card issuers which we regularly write about. And that's simply how we prefer it! 🙂

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