Difference between capital one quicksilver and platinum

While both cards have $0 annual fees, the Capital One Platinum Credit Card is designed for cardholders with less-than-perfect credit — typically lower than 670. Meanwhile, the Capital One Quicksilver Cash Rewards Credit Card is aimed at cardholders with good to excellent credit scores of 670 and above. It also offers 1.5% cash back on all purchases and a signup bonus, which the Capital One Platinum Credit Card doesn’t offer.

	Capital One Platinum Credit Card Terms apply, see rates & fees	Capital One Quicksilver Cash Rewards Credit Card Terms apply, see rates & fees
Finder rating
Finder rating	★★★★★ 4.5 / 5.0	★★★★★ 4.2 / 5.0
Best for
Best for	Building credit without a deposit	Easy-to-earn signup bonus and flat cash back on all purchases
Welcome offer
Welcome offer	N/A	$200 cash bonus after you spend $500 on purchases within 3 months from account opening
Rewards
Rewards	N/A	Earn unlimited 1.5% cash back on every purchase, every day and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
Purchase APR
Purchase APR	28.49% variable	0% intro APR for 15 months, and then 17.99% - 27.99% variable
Annual fee
Annual fee	$0	$0
Balance transfer APR
Balance transfer APR	28.49% variable	0% intro APR for 15 months (then 17.99% to 27.99%) 3% fee on the amounts transferred within the first 15 months variable
Cash advance
Cash advance	APR: 28.49% variable Fee: $3 or 3% of the transaction, whichever is greater	APR: 27.99% variable Fee: $10 or 3% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee	None	None
Late payment fee
Late payment fee	Up to $40	Up to $40
Additional cardholder fee
Additional cardholder fee	$0
Interest-free period
Interest-free period	25 days	25 days
Minimum interest
Minimum interest	$0
Minimum credit score
Minimum credit score	580	670
Card type
Card type	Credit	Credit
Learn more
Learn more	Read review	Read review

Pound for pound, the Capital One Quicksilver Cash Rewards Credit Card is a better card, but you most likely need good credit or better to qualify. If you have average credit, you may have better chances with the Capital One Platinum Credit Card.

Neither product a great fit? There are many other Capital One cards that might be better for your lifestyle and needs. Compare more of your options below.

Kevin Joey Chen was a credit cards, banking and investments writer for Finder. His work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com.

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The $0-annual-fee card comes with many of the same benefits as the existing unsecured version, the Capital One Quicksilver Cash Rewards Credit Card, which is available to consumers with good to excellent credit scores (FICO scores of 690 or higher). However, the secured version doesn't come with a sign-up bonus, nor does it have an introductory APR period.

Here’s a closer look at what the card offers.

Capital One Quicksilver Secured Cash Rewards Credit Card: Key details

Applicants who have poor credit scores (FICO scores of 629 or lower) are eligible for the card, which features the following:

• A $0 annual fee.

• An unlimited 1.5% cash back on all purchases.

• A minimum deposit of $200 required.

• No foreign transaction fees.

Rewards earned with the Capital One Quicksilver Secured Cash Rewards Credit Card can be redeemed — in any amount and at any time — for statement credit, reimbursement for purchases, payments via PayPal, Amazon purchases and gift cards.

Approved applicants must pay a deposit of at least $200, with a deposit limit of up to $1,000 to $3,000, depending on your credit scores. As with most secured cards, your deposit will determine your credit limit. Cardholders will automatically be considered for a credit line increase after six months from account opening.

In addition to reporting credit information to all three major credit bureaus ​​— Equifax, Experian and TransUnion — the card features a clear upgrade path to a Quicksilver card. This means that with responsible cardholding habits that positively impact your credit scores, you’ll be able to graduate to a regular rewards-earning Quicksilver card from the issuer. You’ll also get your deposit back at that time.

Is it a good deal?

For those with bad credit, yes. The Capital One Quicksilver Secured Cash Rewards Credit Card offers many key features for that audience, including comprehensive credit reporting, an automatic credit limit review, an upgrade path to an unsecured product, and a reasonable minimum deposit amount.

But this card goes a bit further, offering a 1.5% rewards rate that's on par with many cards that require good to excellent credit. The ability to both build credit and earn rewards is a winning combination for many cardholders.

The issuer does offer another secured credit card, the $0-annual-fee Capital One Platinum Secured Credit Card. Although the Platinum card doesn’t earn rewards like the new Quicksilver card does, it offers flexibility in terms of how much cardholders are required to put down for a deposit. With the card, you may be able to get a $200 credit line by putting down an initial refundable deposit of $49, $99 or $200, depending on your creditworthiness — which means that your credit limit does not have to be equal to your deposit. This makes the card more accessible for those who may have difficulty pulling together a deposit as high as $200.

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