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The Chase Sapphire Preferred and Capital One Quicksilver are two of the best credit cards you can own. However, each card caters to different spending styles and award options. This Capital One Quicksilver vs Chase Sapphire Preferred analysis will help you pick the better card.
Before we start the comparison, ask yourself one question. Do you prefer earning travel miles or cash back? Your response may help you discover which card is better for you.
The Chase Sapphire Preferred is a travel rewards credit card. The Capital One Quicksilver is a leading cash back credit card. If you’re looking to exclusively earn travel rewards, check out our review of the Chase Sapphire Preferred vs Capital One Venture Rewards credit card. If you’re undecided, read on.
The information for the Capital One® Quicksilver® Cash Rewards Credit Card has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.
Chase Sapphire Preferred vs Capital One Quicksilver: An In-Depth Look
We are going to compare each card on a point-by-point basis.
- Chase Sapphire Preferred: 2x points on travel and dining; 1x point for all remaining purchases
- Capital One Quicksilver: 1.5x points/cash back on every purchase
The Chase Sapphire Preferred® Card earns tiered credit card points. It earns Chase Ultimate Rewards points that are redeemable for travel and cash rewards.
If you don’t spend a lot on travel and dining, the flat-rate Capital One® Quicksilver® Cash Rewards Credit Card can be a better option. That’s because earning 1.5 points lets you earn 50% more the 1 base point per $1 spent on non-bonus categories. In regards to flat rate rewards cards, getting 1.5 points per $1 is one of the higher reward rates.
- Chase Sapphire Preferred: Award travel and 1:1 point transfers, cash, gift cards, Amazon.com points
- Capital One Quicksilver: Cash rewards
The Capital One® Quicksilver® Cash Rewards Credit Card redemption options are straightforward. Each point is worth 1 cent each. Redeeming 10,000 is worth $100 in cash rewards. There are no redemption minimums and you can redeem your points for cash statement credits or bank account deposits. Capital One even lets you schedule automatic redemptions.
The Chase Sapphire Preferred has more point redemption options. Each point is worth 1 cent each when redeemed for cash, gift card, or Amazon.com rewards. However, they are more valuable when redeemed for travel rewards. It’s because of these travel redemption options that make the Sapphire Preferred one of the best travel rewards credit cards.
25% Travel Redemption Bonus
When redeeming your Chase Sapphire Preferred® Card points for award travel booked through the Expedia-powered Chase Ultimate Rewards travel portal, your points are worth 25% or 1.25 cents each. This makes 10,000 points worth $125 instead of the standard $100 amount.
1:1 Point Transfers
An equally appealing travel redemption option is the 1:1 point transfers to airline and hotel loyalty programs. You can transfer points on a 1:1 basis in 1,000 point increments. For instance, 1,000 Ultimate Rewards can be converted in 1,000 Southwest Airlines Rapid Rewards points.
Some of the transfer partners include Southwest Airlines, United Airlines, JetBlue, Hyatt, and Marriott Bonvoy. There are currently 12 Chase Ultimate Rewards travel transfer partners.
It’s possible for your points to be worth more than 1.25 cents with the 25% travel redemption bonus.
Winner: Chase Sapphire Preferred® Card
- Chase Sapphire Preferred: 60,000 bonus points ($750 award travel value) after spending $4,000 on purchases in the first 3 months of account opening
- Capital One Quicksilver: $150 bonus cash after spending $500 in the first 3 months of account opening
The Chase Sapphire Preferred has the more valuable signup bonus. Of course, you must also spend $4,000 in 3 months instead of $500. Chase recently increased the bonus offer from 50,000 points to 60,000 points in early 2019.
The 60,000 bonus Ultimate Rewards points are worth $750 in award travel thanks to the 25% travel redemption bonus. Your bonus is only worth $600 when redeemed for non-travel rewards. Keep in mind that you won’t qualify for the Sapphire Preferred bonus if you already own a Sapphire product or have received a Sapphire signup bonus in the last 48 months.
In regards to the Capital One® Quicksilver® Cash Rewards Credit Card, its bonus offer is similar to other cash back credit cards. Being able to spend $500 in 3 months is very easy to reach.
Winner: Chase Sapphire Preferred® Card
Additional Card Benefits
Both cards offer a few additional card benefits in addition to the standard Visa Signature card benefits and access to exclusive cardmember events like ticket presales and experiences. As you might assume, the Sapphire Preferred benefits are more travel-friendly and the Quicksilver benefits are more cash-friendly.
Chase Sapphire Preferred
- Trip cancellation and interruption insurance. Up to $10,000 per person and $20,000 per trip for non-refundable travel purchases.
- Primary rental car collision damage waiver. Most credit cards only over secondary coverage.
- Baggage delay insurance. Up to $100 per day for 5 days for essential purchases.
- Trip delay. Up to $500 per ticket if the trip is delayed 12 hours or requires an overnight stay
Capital One Quicksilver
- Paribus. Tracks recent purchases for price drop protection claims.
- Wikibuy. Compare prices from multiple merchants.
- Extended warranty. Free extended warranty on select purchases.
- Chase Sapphire Preferred: $95
- Capital One Quicksilver: $0
The Chase Sapphire Preferred® Card makes sense if the purchase rewards and point redemption options outvalue the $95 annual fee.
You never pay an annual fee with the Capital One® Quicksilver® Cash Rewards Credit Card.
Neither card charges a foreign transaction fee which makes both of these options two of the best credit cards for international travel.
Which is Better?
Both credit cards require excellent credit. That means you will need a 740 credit score to have the best approval odds.
Chase Sapphire Preferred
The Chase Sapphire Preferred is the better option for travel rewards. Although you pay a $95 annual fee, the 25% travel redemption bonus and 1:1 point transfers can be worth it if you travel on a regular basis. Also, the one-time 60,000 bonus points is a nice touch as well to get $750 in bonus award travel.
Before applying for the Chase Sapphire Preferred, be aware that Chase may reject your application if you have opened at least 5 new credit card accounts in the last 24 months. This “5/24 rule” includes being listed as an authorized user on another person’s card. You will need to wait until you only have 4 credit cards younger than 2 years before you apply.
Capital One Quicksilver
The Capital One® Quicksilver® Cash Rewards Credit Card is the better option if you can earn more from the flat-rate 1.5 points per $1 purchase rewards and want cash rewards. This is also the better option if you don’t want to pay an annual fee.
Summary of the Capital One Quicksilver vs Chase Sapphire Preferred
Both the Chase Sapphire Preferred and Capital One Quicksilver are great credit cards for their rewards type. The better card comes down to your preference for earning travel rewards or cash back.
Learn more: Chase Sapphire Preferred® Card
Learn more: Capital One® Quicksilver® Cash Rewards Credit Card
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.