Comparison Of Capital One Quicksilver versus Discover More Credit Card
The Capital One Quicksilver Card and the Discover More Card are both credit cards ideal for customers with credit scores in the 670-850 range. Though it is possible to use the card with a lower credit score, the benefits of using either card are outweighed by the penalties for failure to pay credit card payments in time.
Which Card Has More Rewards Capital One Quicksilver versus Discover More
The Quicksilver Card’s Annual Percentage Rate (APR) ranges from 15.24% to 25.24%. Card holders with excellent credit scores will likely be paying an APR that is closer to 15.24%. This gives the Quicksilver a very reasonable APR for customers with excellent credit scores. However, for customers who habitually do not pay their debts on time, the APR will climb significantly to a steep rate of up to 25.24%. This makes the Quicksilver Card a very expensive credit card for those who know they will have trouble paying their bill on time. The More Card’s average APR ranges from 11.99% to 20.99%. This makes both the low and high ends of its APR lower than that of the Quicksilver Card. Customers who are most worried about APR rates will likely choose the Discover More Card over the Capital One Quicksilver Card.
Both cards have a $0 annual fee for all card holders. This allows card holders who pay their credit card bill on time all year to avoid paying any fee for owning the card.
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Both cards offer a rewards system for card users. The Discover More Card offers a cashback system for any purchases using the More Card. It offers users 1% cashback on all purchases. It also includes a 5% bonus for purchases of travel, gas, groceries, restaurants, home improvement, and other specific expenses. The cashback earned on the card can be redeemed through gift cards to over 100 different participating businesses. There is no limit on the amount of cashback a card holder can accumulate before redeeming it. The Capital One Quicksilver Card offers users 1.5% cashback on every purchase made using the card. This gives it a higher regular cashback rate than the More Card. However, it does not offer any bonus cashback for specific purchases, which the More Card does.
Comparing the Perks of the Capital One Quicksilver versus the Discover More Card
The Discover More Card offers a 0% introductory APR, which lasts for 12 months. This offers new card users the luxury of being able to have no late fees on payments for their first year. The Quicksilver Card offers its new customers 0% APR for the first 15 months of card usage. Both cards offer the same 0% introductory APR, which is perfect for card holders who want to determine if they will be able to pay off their credit card payments on time to avoid extensive fees. After these initial introductory periods, the regular APR will go into effect.
The More Card has a 0% APR for transfers during the first 12 months of card usage. After this, the normal transfer fee is 3%. There is no maximum value for transfer fees. The Quicksilver Card has an initial 0% APR for balance transfers that occur within the first 15 months of card activity. The transfer fee after these 15 months is 3%. This gives both credit cards the same balance transfer policies.
The Discover More Card features a 23 day grace period before interest begins to accumulate on the payment, allowing customers who forget to pay their bill almost an entire month to pay it off. The Quicksilver Card features no foreign transaction fee. Meanwhile, the More Card has a 2% foreign transaction fee for purchases made outside of the U.S. This makes the Quicksilver Card a better fit for frequent travelers outside of the country.
Both the Discover More Card and the Capital One Quicksilver Card are great choices for customers who have good to excellent credit scores. The More Card is a better fit for individuals who are most worried about their APR. The Quicksilver Card may benefit big spenders because of its higher cashback bonus.