topic Re: Quicksilver or Venture Card? in Credit Cards

Quicksilver or Venture Card?

Anonymous — Wed, 27 May 2015 15:40:11 GMT

I am eligible to PC to either the Quicksilver, with 1.5% cash back or the Venture Card, with 2x miles per $1 plus 40,000 miles after 3 months and 3,000 spent. I already have the Discover It with 5% rotating cash back and an AMEX with 3% on gas, 2% on groceries and 1.5% on everything else. My question is would the Venture card be a good milage card to start off with? I am not interested in applying for anything else right now. Thank you in advance.

Re: Quicksilver or Venture Card?

Anonymous — Wed, 27 May 2015 15:42:40 GMT

@Anonymous wrote:
I am eligible to PC to either the Quicksilver, with 1.5% cash back or the Venture Card, with 2x miles per $1 plus 40,000 miles after 3 months and 3,000 spent. I already have the Discover It with 5% rotating cash back and an AMEX with 3% on gas, 2% on groceries and 1.5% on everything else. My question is would the Venture card be a good milage card to start off with? I am not interested in applying for anything else right now. Thank you in advance.

If you PC to the Venture you're not going to get the bonus of 40,000 miles. That's for new applications.

Re: Quicksilver or Venture Card?

Anonymous — Wed, 27 May 2015 18:14:56 GMT

@Anonymous wrote:
I am eligible to PC to either the Quicksilver, with 1.5% cash back or the Venture Card, with 2x miles per $1 plus 40,000 miles after 3 months and 3,000 spent. I already have the Discover It with 5% rotating cash back and an AMEX with 3% on gas, 2% on groceries and 1.5% on everything else. My question is would the Venture card be a good milage card to start off with? I am not interested in applying for anything else right now. Thank you in advance.

If you PC to the Venture you don't get the bonus (40,000 miles on 3k spend). So since you are not interested in new applications, it will really come down to your needs does cash back (quicksilver) or miles (no bonus for PC).

Re: Quicksilver or Venture Card?

Anonymous — Wed, 27 May 2015 17:14:17 GMT

Sorry- Double post.

Re: Quicksilver or Venture Card?

Anonymous — Wed, 27 May 2015 17:31:05 GMT

I would chose the Quicksilver.

The Venture has a $59 AF, which really cuts into the rewards, especially considering that it's only .5¢/$ better rewards than QS. If you spend $11,800/yr or more, then the Venture would make more sense in just the QS vs. Venture comparison, however, the Venture fails when you look outside these two products.

You can get a straight 2% cash back card for $0 AF from either Citi or Fidelity. Also, the Venture requires you to go through the hassle of redeeming the "No Hassle" miles using their purchase eraser. With a straight Cash Back card, you don't have those restrictions.

The Quicksilver is the simpler option, and requires no AF to maintain it. You also get the benefits of no FTF if you need. Unless you do a lot of foreign travel, and spend a lot of money overseas (more than $11,800/yr), the benefit of the Venture over the QS is not worth it, IMO.

Re: Quicksilver or Venture Card?

Blodreina — Wed, 27 May 2015 18:12:44 GMT

@Anonymous wrote:
I would chose the Quicksilver.

The Venture has a $59 AF, which really cuts into the rewards, especially considering that it's only .5¢/$ better rewards than QS. If you spend $11,800/yr or more, then the Venture would make more sense in just the QS vs. Venture comparison, however, the Venture fails when you look outside these two products.

You can get a straight 2% cash back card for $0 AF from either Citi or Fidelity. Also, the Venture requires you to go through the hassle of redeeming the "No Hassle" miles using their purchase eraser. With a straight Cash Back card, you don't have those restrictions.

The Quicksilver is the simpler option, and requires no AF to maintain it. You also get the benefits of no FTF if you need. Unless you do a lot of foreign travel, and spend a lot of money overseas (more than $11,800/yr), the benefit of the Venture over the QS is not worth it, IMO.

I would argue that the spend would need to be even higher than that. Yes, mathematically, that is the point at which both cards are equal. The question, imo, is whether the gain in rewards after that threshold is worth the stipulation of a required spend amount. If one will use the Venture as their primary card, then it is not an issue. Otherwise, you become tied to using it to offset the cost of the annual fee or out-gain the Quicksilver (sans the consideration of sign-up bonuses or a possible PC).

I would ask not whether your spend is at least $11,802 but, rather, if your spend is significantly higher than that amount and whether you are certain that it will see that spend. The Venture is valuable if you've determined that, based on your spend, an extra $5 is worth it (or $10 or whatever, if you're right around $12k annual spend). If it will see an amount significantly greater than $11,802 annually, then yes, the Venture is better but only in that specific set of circumstances.

So, I would also choose the Quicksilver - unless your card usage is consistent with what I discussed above, and you deem whatever extra gain after reaching the threshold is worth the requirement of using it substantially. If you're a big spender or do not care about +/-, then all of this is moot; choose the Venture if you want it.

There is an additional discussion required for rewards redemption that also gives a nod to the Quicksilver imo.

Quicksilver > Venture

Re: Quicksilver or Venture Card?

Anonymous — Thu, 28 May 2015 00:12:51 GMT

What is the limit on the card you want to PC? Is it lower than the minimum $5000 Venture starting limit?

Re: Quicksilver or Venture Card?

Anonymous — Thu, 28 May 2015 10:06:02 GMT

I asked the same question about a month ago . I was leaning towards the quicksilver but some members on here convinced me to go with the venture . I'm so glad I took their advice . Applied for the venture and got approved for 20k . If I were you I'd just apply for the venture . Nice bonus and crazy credit limits .

Re: Quicksilver or Venture Card?

Anonymous — Thu, 28 May 2015 12:51:12 GMT

The Venture, without a doubt!!!! I recently got both. My venture was approved with a 10k limit. 3 weeks later the bonus miles posted and I had the option to cash it out for 200 or use their travel eraser and erase a hotel stay for over 400. I was able to erase a 600 hotel booking (using the bonus and themiles earned from the travel booking itself). I got an immediate 600ish statement credit- 3 weeks into having the card! That beats any yearly fee.

Re: Quicksilver or Venture Card?

Anonymous — Thu, 28 May 2015 12:54:56 GMT

I have a much lower limit on my Quicksilver and have earned very little back. However, you get 20% refund for every UBER booking so I have it attached to my uber account and just use it for that.