If you have taken good care of your credit, you may be in the position to choose between the Capital One Quicksilver Cash Rewards Credit Card and the Discover it® Cash Back credit cards. Both offer some very attractive perks, but which one is best? Since your decision may come down to picking between VISA or Discover, the following differences will be important to consider.
Let’s take a look at the Capital One Quicksilver vs. Discover it® cards, including their issuing banks and networks, cash-back offers, cardmember benefits, and differences in their mobile app offerings.
1. Differences in the Issuing Banks & Networks
While both cards are offered to those with a very good to excellent credit history, the similarities don’t go much beyond that, starting with the issuers and networks. Capital One is a growing bank with branches across the country, and its cards are typically operated on the Visa or Mastercard credit card processing networks.
Discover, on the other hand, acts as its own issuing bank and processing network. While Discover acceptance is basically on par with Visa and Mastercard in the U.S., international acceptance is still lagging behind in some areas.
2. Differences in Cash-Back Offers
While the details of certain bonus and new-customer offers can change, both cards offer cash back for all purchases. The Capital One Quicksilver Cash Rewards Credit Card gives 1.5% on all purchases, regardless of category.
The Discover it® Cash Back, on the other hand, offers bonus cash back in rotating quarterly categories.
at Discover Card'ssecure website
at Discover Card'ssecure website
Both cards claim to give you the option to redeem your cash back rewards at any time, for any amount.
3. Differences in Standard Card Member Benefits
Capital One Quicksilver Cash Rewards Credit Card customers will receive the traditional protections that all Capital One credit cardholders currently enjoy. These include fraud protection on 100% of unauthorized purchases, extended manufacturer’s warranty protection, and the Eno® assistant with virtual card numbers.
Discover has its own benefits, including the comprehensive FICO Score tracking and Social Security number alerts. Discover will also overnight a replacement card at no cost to you, if your card should become lost or stolen, and provides fraud liability protection on unauthorized purchases.
4. Differences in Mobile App Offerings
Capital One’s Wallet App lets customers keep a record of receipts on the go – before ever leaving the store – so that keeping track of purchases is easier than ever. Detailed retailer and transaction info is displayed in an easy-to-read format, and up to 25 gift cards can be “digitized” for simpler purchasing without carrying around stacks of plastic. Capital One also provides its own version of a credit score for free.
Discover’s own mobile app does the traditional banking tasks of seeing balances and activity, but also includes a clever “freeze” feature, which allows you to temporarily disallow new purchases, cash advances, and balance transfers in the event you lost your card or suspect fraud. App users can also view their FICO Score for free, as well as view and redeem partner offers and Cashback Bonus® rewards.
While the differences may be significant, both the Capital One Quicksilver Cash Rewards Credit Card and Discover it® Cash Back cards seem to be competing in the market by continually offering innovative benefits for card members. In addition to special new-member offers, such as special balance transfer rates and introductory promo perks, both the Capital One Quicksilver Cash Rewards Credit Card and the Discover it® Cash Back would make a good addition to any credit card user’s toolkit.