The Chase Freedom Flex℠ (Overview) and the Capital One Quicksilver Money Rewards Credit score Card (Overview) are each stable rewards playing cards, nonetheless the Freedom Flex gives higher rewards.

The Freedom Flex options a wide selection of bonus classes, a few of which rotate each three months. The classes that rotate have a spending restrict, but it surely’s excessive sufficient the place it doesn’t matter an excessive amount of. The Quicksilver card gives a flat money again fee for each buy with no limits.

Neither card requires an annual payment. Meaning you may get them each at no additional price, so long as you keep away from curiosity and different charges. Utilizing them collectively would give cardholders one of the best of each worlds and maximize rewards.

The Freedom Flex and the Quicksilver at a Look

An important distinction between these two playing cards is their reward applications. The Freedom Flex provides static 3% and 5% money again classes, in addition to extra 5% money again classes (as much as $1,500 spent, then 1%) that rotate quarterly.

The Quicksilver rewards card merely provides 1.5% money again for every thing you purchase. Whereas the Freedom Flex is proscribed in how a lot you possibly can earn with its rotating classes, the Quicksilver has no such restrict.

Whereas each playing cards characteristic widespread protections like prolonged guarantee, the Freedom Flex provides a stronger advantages bundle. Its perks embody a DoorDash supply service membership, particular offers with Fandango and Boxed, and extra protections like rental automotive insurance coverage, cellular phone insurance coverage, and buy safety. Nevertheless, the Capital One card options journey accident insurance coverage, in contrast to the Freedom Flex.

Every card additionally incorporates a 0% introductory APR on new purchases, providing you with a while to make purchases interest-free for a while. However take into account you’ll nonetheless have to make minimal funds every month.

The Rewards

Chase Freedom Flex℠

Spending Rewards
  • 5% money again on:

    • Journey bought by Chase Final Rewards
    • Lyft rides (by March 2022)

  • 5% money again in rotating classes, as much as $1,500 in spending every quarter, then 1%
  • 1% money again on all different purchases
Introductory Bonus
  • $200 bonus for spending $500 within the first 3 months

As you possibly can see, the Freedom Flex bank card provides a bit greater than the Quicksilver. Between the static bonus classes and the 5% classes that rotate each quarter, it gives loads of worth.

Regardless of the $1,500 spending restrict, you need to nonetheless earn loads of money again. 5% money again on $1,500 continues to be $75, plus no matter rewards you’d’ve earned from the opposite bonus classes alongside the best way.

Listed here are the quarterly 5% money again classes for 2021, and the earlier classes from 2020:

Quarter 2021 Classes 2020 Classes
January – March
  • Wholesale Golf equipment
  • Streaming Companies
  • Web, Cable, Telephone Companies
  • Fuel Stations
  • Streaming Companies
  • Web, Cable, Telephone Companies
April – June
  • Grocery shops
  • Health membership and fitness center memberships
  • Streaming providers
July – September
  • Entire Meals Markets
October – December

When you’ve earned some money again, you possibly can redeem it for:

  • Assertion credit
  • Reward playing cards
  • Journey by Chase Final Rewards

The best way to Get Extra Out of Your Freedom Flex Rewards

You possibly can truly switch your money again (within the type of Chase Final Rewards factors) to different Chase Final Rewards playing cards. By transferring it to a card that provides level transfers to Chase’s journey companions (for instance, the Chase Sapphire Most well-liked® Card (Overview) or the upgraded Chase Sapphire Reserve® (Overview)) you possibly can improve the worth of your factors.

As soon as your factors have been moved to both card, you possibly can switch them to Chase’s lodge or airline companions the place you may discover a per-point worth of two cents or extra. At that fee, your money again equal can be at the least 10% for the rotating classes, and 10% and 6% for the static classes.

Capital One Quicksilver Money Rewards Credit score Card

Spending Rewards
  • 1.5% money again on all purchases
Introductory Bonus
  • $200 for spending $500 within the first 3 months after account opening

The Quicksilver is a reasonably easy money again card. Whether or not you’re purchasing at Goal or piling up your grocery retailer purchases, you possibly can earn at greater than the everyday 1% fee for non-category purchases. And it really works effectively with different categorial reward playing cards just like the Freedom Flex.

You’re capable of redeem money again rewards for assertion credit or checking account deposits everytime you like. Or, you possibly can redeem for present playing cards, however assertion credit and deposits are the simplest routes to take.

Who Are These Playing cards Designed For?

Each are fairly effectively suited to the final spender, as neither actually focuses on anyone space. Nevertheless, the Quicksilver Money Rewards card is perhaps higher for many who don’t really feel like listening to the place you’d earn essentially the most rewards. The Freedom Flex has loads of bonus classes to maintain monitor of.

For those who journey outdoors of the U.S. continuously, the Quicksilver may very well be the higher alternative. Not like the Freedom Flex, it options no international transaction payment, that means you wouldn’t be charged additional for any transaction that requires a special forex. Nevertheless, the Freedom Flex may present extra journey rewards, if you happen to can e-book all your journey by Chase Final Rewards, that’s.

One other side to bear in mind is the affect the playing cards might need in your spending habits. The Quicksilver card earns the identical fee on every thing you purchase, so it in all probability gained’t have an effect on the way you spend an excessive amount of.

However as a result of the Freedom Flex earns extra cash again on all kinds of purchases, it is perhaps tempting to change the way you spend your cash so as to earn extra rewards. We don’t suggest doing so. Bank cards needs to be used to help the way you’re already spending your cash, not encourage you to spend extra of it or in several methods than you usually would.

Insider tip

There’s one other card within the Freedom household, the Chase Freedom Limitless® (Overview). It’s just about identical to the Freedom Flex, however gives 1.5% again for “all different purchases” as a substitute of the 5% rotating classes. It’s a bit like a mixture of the Freedom Flex and Quicksilver playing cards.

4 Causes Why the Freedom Flex Is the Higher Card

We predict the Freedom Flex is objectively the higher card for 4 causes.

  1. It gives increased money again charges.
  2. It covers extra floor with its bonus classes, offering extra alternatives to earn rewards.
  3. It comes with extra advantages, together with purchasing and journey protections, a DashPass (DoorDash membership), entry to purchasing portals like Store by Chase, and extra.
  4. You may get extra worth on your rewards by pairing it with one other Chase Final Rewards card and using some extent switch.

That mentioned, whereas aspect by aspect the Freedom Flex is perhaps the extra enticing supply, that doesn’t imply you need to select between these two playing cards. One of the best technique right here is definitely to make use of each of them collectively.

Can I Get Each Playing cards?

For those who’re torn between getting one or the opposite, you don’t even have to choose. Utilizing them collectively would grant you one of the best of each playing cards.

Use the Freedom Flex everytime you’re purchasing in its bonus classes, after which use the Quicksilver for regardless of the Freedom Flex’s bonus classes don’t cowl.

Having each may very well be useful for vacationers. For those who can e-book by Chase Final Rewards you may earn 5%, after which use the Quicksilver whereas away from residence to keep away from international transaction charges (see different nice playing cards with out international transaction charges right here).

The Verdict

When evaluating these two playing cards, the Freedom Flex comes out on prime. It provides increased rewards, extra bonus classes, higher redemption choices, and stronger advantages. Nevertheless, it does have a international transaction payment, so if you happen to plan on touring outdoors of the U.S., the Quicksilver Rewards Card is perhaps the higher name.

That mentioned, you don’t actually have to decide on. One of the best technique right here is definitely to get each playing cards. Neither of them requires an annual payment and their rewards don’t overlap. Meaning you will get each with none additional price and have extra incomes alternatives.

Nevertheless, if neither card appeals to you, listed below are just a few extra reward playing cards which may swimsuit you higher:

  • The Chase Sapphire Most well-liked® Card (Overview) is extra travel-oriented, and pairs effectively with the Freedom Flex. It earns 5X factors per greenback for Lyft rides (by March 2022), and 2X factors for journey and eating. Its level switch alternatives may considerably improve the worth of your rewards.
  • The Blue Money Most well-liked® Card from American Categorical (Overview) gives one of many highest reward charges of any card, boasting 6% money again at U.S. supermarkets (as much as $6,000 spent yearly, then 1%) and for choose U.S. streaming providers, in addition to 3% money again at U.S. gasoline stations and for transit providers. It does have an annual payment, but it surely’s fairly inconsequential in comparison with the rewards you’ll be incomes. (Charges & Charges)
  • The Citi® Double Money Card – 18 month BT supply (Overview), just like the Quicksilver Money Rewards card, earns a flat 2% money again for every thing you purchase. You’ll get 1% whenever you make the preliminary buy and the opposite 1% whenever you pay it off (you need to pay the minimal attributable to earn rewards). There’s no annual payment and it gives a protracted intro APR for steadiness transfers.
  • The Wells Fargo Propel American Categorical® card (Overview) earns rewards for quite a lot of widespread purchases. You’ll get 3X factors on eating places, gasoline stations, streaming providers, and journey. It has no annual payment and an intro APR for purchases and steadiness transfers.

See all kinds of money again bank cards to suit all types of spending.
Finest Money Again Credit score Playing cards of March 2021

For charges and charges of the Blue Money Most well-liked® Card from American Categorical, please click on right here.

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