A lot has been said about this card on these boards since word got out of being able to PC from the Freedom to the Freedom Unlimited. It seems to me that there is a good amount of praise for the Freedom Unlimited. Me personally, I would rather have the 5% categories, especially since the categories are usually in areas where I do a lot of spending (gas/transportation, groceries, movies/restaurants, amazon/shopping, etc). Then, I'll just use my Venture or the plethora of other 1.5% cards out there for my purchases that don't hit the categories. For some reason, people seem to be ok with giving up 5% for a constant 1.5% which I don't understand because you can have both. To each their own I suppose...
FICO - TU: 815 | EQ: 793 | EX: 813
Sears MasterCard: $13k (1/2013) Capital One Venture One Visa Signature: $10k (7/2015) Amex BCE: $9.8k (3/2014) Amex Corporate: NPSL Chase Freedom Visa Signature: $9.5k (3/2014) Discover it: $9.5k (3/2014) Barclaycard Visa with Apple Rewards: $2.65k (6/2013)
All caps on purpose, I like Chase but I feel Cap1 is way more reasonable in a lot of ways, and I really hope all these new 1.5% cards push cap 1 to give 2% to stay on the top of the highest % simplest rewards card world.
Cap1 already had a cash select with no annual fee they offered a few months ago, why not just let that run on quicksilver and snatch up a ton of new clients.
they can just leave QS1 where it is and the QS visa sig will have 2%!
All caps on purpose, I like Chase but I feel Cap1 is way more reasonable in a lot of ways, and I really hope all these new 1.5% cards push cap 1 to give 2% to stay on the top of the highest % simplest rewards card world.
Cap1 already had a cash select with no annual fee they offered a few months ago, why not just let that run on quicksilver and snatch up a ton of new clients.
they can just leave QS1 where it is and the QS visa sig will have 2%!
A 2% Quicksilver would be awesome, and it would certainly distinguish Cap1 from the saturation of 1.5% and category specific rewards. However, I don't think that just because Chase now has a 1.5%, they'll be pushed to do something that drastic. That .5%, while seemingly insignificant, will cut into their transaction profits significantly and will add up for them. They also deal with an entirety different market than Chase (for the most part. Obviously they aren't only subprime, but more so than Chase). So, while it would be awesome for a 2% Quicksilver to come out, I wouldn't hold my breath.
Gardening until September 2025
