Citi Double Cash vs. Capital One Quicksilver - When/Which to Use?

[Anonymous]

I know this has been discussed briefly but there aren't any formal threads to my knowledge regarding this matter. I've been using my Quicksilver card a lot since I was approved for it last month but my Double Cash card just arrived. I always PIF so I would personally get the full 2% for every purchase for the Double Cash. Anyway, in what situation would you use either card if you had both? I know that the Quicksilver has no foreign transaction fees so we can disregard... foreign transactions and that the rewards post right away. I just want to hear ideas so I can adjust my spending strategy accordingly. Thanks.

[Anonymous]

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@Anonymous wrote:

I know this has been discussed briefly but there aren't any formal threads to my knowledge regarding this matter. I've been using my Quicksilver card a lot since I was approved for it last month but my Double Cash card just arrived. I always PIF so I would personally get the full 2% for every purchase for the Double Cash. Anyway, in what situation would you use either card if you had both? I know that the Quicksilver has no foreign transaction fees so we can disregard... foreign transactions and that the rewards post right away. I just want to hear ideas so I can adjust my spending strategy accordingly. Thanks.

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The Quicksilver isn't bad.

I'd like a DoubleCash though.

[Anonymous]

How much are you spending in a year? On these cards? We're talking .5% difference in cashback so what's the point of plotting out a perfect strategy for $100/y?
- QS can redeem any cashback any time
- Citi requires $25 minimum to redeem and needs to wait for statement cut date

[Ghoshida]

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@Anonymous wrote:

I know this has been discussed briefly but there aren't any formal threads to my knowledge regarding this matter. I've been using my Quicksilver card a lot since I was approved for it last month but my Double Cash card just arrived. I always PIF so I would personally get the full 2% for every purchase for the Double Cash. Anyway, in what situation would you use either card if you had both? I know that the Quicksilver has no foreign transaction fees so we can disregard... foreign transactions and that the rewards post right away. I just want to hear ideas so I can adjust my spending strategy accordingly. Thanks.

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My non-category spending is <$500 a month. At that rate, with DC, it might take 2.5 months to get to their redemption threshold. I can redeem Cap One whenever I want though.

Also, any foreign purchase works better with Cap One.

Otherwise, DC is marginally better.

[mongstradamus]

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@Anonymous wrote:

I know this has been discussed briefly but there aren't any formal threads to my knowledge regarding this matter. I've been using my Quicksilver card a lot since I was approved for it last month but my Double Cash card just arrived. I always PIF so I would personally get the full 2% for every purchase for the Double Cash. Anyway, in what situation would you use either card if you had both? I know that the Quicksilver has no foreign transaction fees so we can disregard... foreign transactions and that the rewards post right away. I just want to hear ideas so I can adjust my spending strategy accordingly. Thanks.

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If FTF and instnat rewards posting are things that don't matter to you then use DC all the time imo. Those features on QS are what differentiate it for most part. The other differentiating factor is no signup bonus and relatively high apr don't matter because you are already approved. 

[Anonymous]

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@Anonymous wrote:
How much are you spending in a year? On these cards? We're talking .5% difference in cashback so what's the point of plotting out a perfect strategy for $100/y?
- QS can redeem any cashback any time
- Citi requires $25 minimum to redeem

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Haven't had either card for a year, but I'm estimating $4,000 per year on either card. So $80 cashback with Citi and $60 cashback with Quicksilver. Not trying to be nitpicky since there won't be major differences. I'm just wondering what I can do without disregarding my Quicksilver card if at all possible.

[wacdenney]

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@Anonymous wrote:

I know this has been discussed briefly but there aren't any formal threads to my knowledge regarding this matter. I've been using my Quicksilver card a lot since I was approved for it last month but my Double Cash card just arrived. I always PIF so I would personally get the full 2% for every purchase for the Double Cash. Anyway, in what situation would you use either card if you had both? I know that the Quicksilver has no foreign transaction fees so we can disregard... foreign transactions and that the rewards post right away. I just want to hear ideas so I can adjust my spending strategy accordingly. Thanks.

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Why would you ever use a 1.5% card now that 2% is readily available??  The no FTF thing is confusing to me because QS doesn't come with chip + pin so how do you even use it over seas?  I guess you have to ask them to manually run it every time.  No thanks!  Personaly I like my Fidelity AMEX, but I also can't stand Crapital One.  Thank goodness the QS is now obsolete...  I would HATE to be forced to actually have to do business back in sub-prime hell with Crap1!

[Anonymous]

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HamSupLo wrote:

I always PIF so I would personally get the full 2% for every purchase for the Double Cash.

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Based on this statement it seems like Citi DC would be preferable. I dont have it yet (2016 mission) but I also PIF so between the two this would be my go to card. I've noticed some mention the minimum redemption/redemption time as a negative but personally I dont see how I would ever need the funds so badly I couldnt wait until the statement closed or be anxious about redeeming less than $25 so not an issue to me

[Anonymous]

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@Anonymous wrote:

estimating $4,000 per year on either card

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What? I was talking about $100 DIFFERENCE in cashback (=$20k spend). That's pretty close to the number I make in 2-3 months so it really matters getting 50 bps more. With that kind of spend you shouldn't worry about this kind of stuff. Take the max you can get as in 2% for the DC or take the 1.5% as in QS so you can redeem the microscopic amounts accumulated right aftter a transaction has posted.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

estimating $4,000 per year on either card

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What? I was talking about $100 DIFFERENCE in cashback (=$20k spend). That's pretty close to the number I make in 2-3 months so it really matters getting 50 bps more. With that kind of spend you shouldn't worry about this kind of stuff. Take the max you can get as in 2% for the DC or take the 1.5% as in QS so you can redeem the microscopic amounts accumulated right aftter a transaction has posted.

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What if you're OCD and a remaining CL of $3839.29 bugs you. You could redeem $10.71 and have $3,850.00