The main difference between SavorOne and Quicksilver is the cash-back earning structures. SavorOne is a bit more complicated but offers an opportunity to earn more rewards, depending on your spending habits. It earns 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases.
With the Quicksilver card, you’ll earn 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. It’s simple to keep track of, as every dollar you spend outside of Capital One Travel bookings nets you 1.5 cents back.
If you spend widely on a wide variety of categories, the Capital One Quicksilver Cash Rewards Credit Card is likely the better choice. But if at least 25% of your monthly credit card purchases are made with restaurants, grocery stores, entertainment providers and eligible streaming services, you’re likely better off with the Capital One SavorOne Cash Rewards Credit Card. The more you spend in those bonus categories, the more you earn.
Pro Tip
There’s no rule that says you can’t have both cards. If you carry both the SavorOne and Quicksilver cards in your wallet, you can use SavorOne to earn 3% back where eligible and Quicksilver to earn 1.5% everywhere else. This strategy takes a bit more work to manage, but it could provide a significant earnings boost for savvy credit card users.
