topic Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver? in Credit Cards

How does Chase Freedom Unlimited compare to Capital One Quicksilver?

SouthJamaica — Mon, 18 Apr 2016 21:59:15 GMT

It seems that Chase came up with the Freedom Unlimited to compete with the Capital One Quicksilver, which also gives you unlimited 1.5% cash back on everything.

I can think of certain advantages of the Quicksilver, such as (a) the absence of foreign transaction fees compared to Chase's 3% FTF, (b) the excellent balance transfer offers from Quicksilver (no fee, or 3% fee but zero interest), as opposed to Chase's 5% balance transfer fee, and (c) 3% as opposed to 5% cash advance fee.

Are there any advantages to Chase's card over Capital One's?

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

Anonymous — Mon, 18 Apr 2016 22:01:36 GMT

1.5 UR > 1.5% if you have a CSP to transfer UR for travel.

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

SouthJamaica — Mon, 18 Apr 2016 22:02:53 GMT

@Anonymous wrote:
1.5 UR > 1.5% if you have a CSP to transfer UR for travel.

Thanks

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

Anonymous — Mon, 18 Apr 2016 22:03:29 GMT

The avantages to the Freedom Unlimited is when the card is combined with the CSP or Ink+ cards and you transfer the UR points to travel partners. The 1.5% can easily become effectively 5% or higher.

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

kdm31091 — Mon, 18 Apr 2016 22:06:08 GMT

If you're just redeeming for cash, they are basically identical. Mostly would depend on which lender you'd rather deal with.

If you pair with CSP or Ink and transfer to travel partners the value is much greater. Otherwise, no real difference between the products other than FTF as you mentioned and some balance transfer nuances.

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

SouthJamaica — Mon, 18 Apr 2016 22:06:46 GMT

@Anonymous wrote:
The avantages to the Freedom Unlimited is when the card is combined with the CSP or Ink+ cards and you transfer the UR points to travel partners. The 1.5% can easily become effectively 5% or higher.

Thanks. I wasn't even aware you could do that. Didn't find anything like that in the description.

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

SouthJamaica — Mon, 18 Apr 2016 22:08:00 GMT

@kdm31091 wrote:
If you're just redeeming for cash, they are basically identical. Mostly would depend on which lender you'd rather deal with.

If you pair with CSP or Ink and transfer to travel partners the value is much greater. Otherwise, no real difference between the products other than FTF as you mentioned and some balance transfer nuances.

Nuances? To me a 5% fee compared to a 0% fee is more than a "nuance"

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

kdm31091 — Mon, 18 Apr 2016 22:11:44 GMT

Well yes, for BTs the differences are rather pronounced, but it seems the chase is really a bad BT option with the fee.

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

Anonymous — Mon, 18 Apr 2016 22:21:57 GMT

It depends really how you plan on using either card.

I have both, and will be mainly only using the Quicksilver as second no-FTF card for my trips abroad, because I get more value from the Freedom Unlimited's points going into my CSP UR pool for transfer to airlines than just 1.5 cents per dollar spent.

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

Ghoshida — Mon, 18 Apr 2016 22:30:59 GMT

I get 0%APR, 2%BT fee offers from both of them. In that regards they are identical. Chase wins if you value UR points more than cash; Capital One wins if FTF is important to you.

Someone with a CSP will probably use it outside the US anyway. If you don't have the CSP then Chase has no clear benefits.

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

Creditaddict — Mon, 18 Apr 2016 22:34:01 GMT

The Points guy did a recent comparison of Freedom Unlimited and transferred correctly into travel when you have ink or CSP can actually be valued at over 3%!!!

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

Creditaddict — Mon, 18 Apr 2016 22:35:21 GMT

http://thepointsguy.com/2016/04/chase-sapphire-freedom-unlimited-power-duo/

Re: How does Chase Freedom Unlimited compare to Capital One Quicksilver?

Anonymous — Tue, 19 Apr 2016 09:41:21 GMT

For me, a casual user, they're identical. I chose to keep my Freedom Unlimited and when I went on a closing spree I closed the QS. Chase showed me much more love than C1 did, even though I ran thousands through my QS, and all I did was carry interest free balances on my Freedom before I PC'd. They offer the same 1.5x, but Freedom can be transferred to CSP. And they both post their rewards as soon as the transactions post. FTF and BTs are of no importance to me. So it really depends on how you use it.