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Both the Costco Anywhere Visa Card by Citi and the Capital One QuicksilverOne Cash Rewards Credit Card offer enticing cash back rewards, with no foreign transaction fees. The Costco Anywhere Visa edges out slightly with its higher cash back rates on gas, travel and dining, and no annual fee with a paid Costco membership. It's particularly beneficial for those who frequently shop at Costco.
The Capital One QuicksilverOne, with its lower credit score requirement, is more accessible and offers a flat cash back rate on all purchases, which is simple and straightforward. While the Costco card may be the better option for Costco loyalists, the QuicksilverOne shouldn't be overlooked by those who value ease of use and broader acceptance.
Costco Anywhere Visa® Card by Citi
Capital One QuicksilverOne Cash Rewards Credit Card
Regular APR
20.49% variable
29.99% variable
0% APR Offer
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-
Intro Offer
No current offer
No current offer
Rewards Summary
Earn 1–4% cash back
1.5% on everyday purchases and 5% cash back on hotels and rental cars booked through Capital One Travel.
Balance Transfer Offer
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Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater
4% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you.
Annual Fee
$0
$39
Recommended Credit
740–850 (Excellent)
580–740 (Fair to Good)
Penalty APR
Up to 29.99%
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Not sure?
Which Card Is Better for You?
You might prefer the Costco Anywhere if you're a frequent Costco shopper and spend a lot on gas, dining and travel. This card maximizes rewards in these categories and offers benefits for Costco members, including no annual fee with your Costco membership and no foreign transaction fees.
You might prefer the QuicksilverOne if you value simplicity in your rewards and have fair to good credit. With a flat cash back rate on all purchases and the potential for a higher credit line after six months, this card is a solid option for those looking to build credit while earning rewards on everyday spending.
Head-to-Head Comparison: Card Details and Features
Evaluating the Costco Anywhere and QuicksilverOne cards across APRs, fees, credit requirements, rewards and other features will guide you to the right choice. This section breaks down each aspect, such as the Costco Anywhere's higher cash back on specific categories versus QuicksilverOne's flat-rate rewards, helping you decide which card suits your spending patterns and financial goals.
Regular APR: Costco Anywhere
Costco Anywhere offers a lower APR of 20.49% variable compared to QuicksilverOne's 29.99%.
Annual Fee: Costco Anywhere
The Costco Anywhere has no annual fee with a Costco Membership, whereas the QuicksilverOne has a $39 annual fee.
Introductory 0% APRs: Tie
Neither the Costco Anywhere nor the QuicksilverOne offers introductory 0% APRs on purchases or balance transfers.
Rewards: Costco Anywhere
The Costco Anywhere card outperforms for rewards, offering up to 4% cash back on gas and EV charging, 3% on dining and travel and 2% at Costco. It's especially beneficial for Costco members. The QuicksilverOne provides a flat 1.5% back on all purchases and 5% on travel booked through Capital One, making Costco Anywhere more rewarding for specific categories.
Welcome Offers: Tie
Neither card offers a welcome bonus, making this category a tie.
Recommended Credit Score: QuicksilverOne
The QuicksilverOne card is more accessible, requiring a credit score of 580 to 740 (fair to good), compared to the Costco Anywhere's requirement of 740 to 850 (excellent).
Penalties and Fees: QuicksilverOne
The QuicksilverOne is better for penalties and fees, with no penalty APR and a slightly lower late fee of up to $40, compared to the Costco Anywhere's up to $41 late fee and a penalty of APR of up to 29.99%.
Issuer Satisfaction: QuicksilverOne
Capital One has a higher issuer satisfaction rating of 4.2 compared to Citibank's 4.1.
Other Features & Perks: Tie
QuicksilverOne includes benefits like automatic credit line reviews, complimentary Uber One membership and special cash back rates on travel booked through Capital One. Costco Anywhere excels with high cash back rates on gas and Costco purchases, no annual fee with Costco membership and no foreign transaction fees.
Rewards Comparison
When it comes to rewards, the Costco Anywhere card stands out for those who frequent Costco or spend significantly on gas, dining and travel. With up to 4% cash back in these categories, it's tailored for the Costco loyalist.
However, the QuicksilverOne card offers a solid 1.5% cash back on all purchases, which is ideal for those with varied spending who prefer simplicity over category-specific bonuses. QuicksilverOne users benefit from 5% cash back on hotels and rental cars booked through Capital One Travel, a notable perk for frequent travelers.
While the Costco Anywhere card does not charge an annual fee with a paid Costco membership, it's important to consider the membership cost when evaluating the overall value. The QuicksilverOne card has a $39 annual fee, which could be offset by the cash back earned through its rewards program.
Below is a table of bonus categories to help you compare the rewards programs of both cards.
Category | Costco Anywhere | QuicksilverOne |
|---|---|---|
Gas | 4% for the first $7,000 annually/1% thereafter | 1.5% |
EV Charging | 4% for the first $7,000 annually/1% thereafter | 1.5% |
Restaurants | 3% | 1.5% |
Travel | 3% | 1.5% |
Costco Purchases | 2% | 1.5% |
Hotels and Rental Cars Booked Through Portal | 1% | 5%/1.5% if not purchased through portal |
All Other Purchases | 1% | 1.5% |
Redeeming Rewards
QuicksilverOne offers straightforward redemption; cash back can be used at any time since it doesn't expire. In contrast, the Costco Anywhere card issues an annual reward certificate, redeemable for merchandise or cash at Costco warehouses. This certificate must be used by December 31 of the year it's issued, adding a layer of scheduling to your redemption process.
Methodology
MoneyGeek evaluates credit cards like the Costco Anywhere and QuicksilverOne for various use cases, including cash back, which is where both cards score highest. Our ranking process assigns scores based on factors such as the value of rewards and the return on investment for card offers.
The largest factors in our cash back score include the effective reward rate, which carries the most weight, and the return on investment for offers. For a detailed understanding of our scoring system, you can review our ranking methodology.
FAQ: Costco Anywhere vs. QuicksilverOne Card
What are the APRs for each card?
The Capital One QuicksilverOne has a 29.99% variable APR, while the Costco Anywhere Visa offers a 20.49% variable APR.
Are there annual fees for either card?
QuicksilverOne has a $39 annual fee. The Costco Anywhere has no annual fee with a Costco membership. There are other cards that are the best for no annual fee
How do the rewards programs compare?
QuicksilverOne offers 1.5% cash back on all purchases. Costco Anywhere provides up to 4% cash back on eligible categories.
What credit score is required for each card?
QuicksilverOne is aimed at those with fair to good credit (580 to 740), while Costco Anywhere requires excellent credit (740 to 850).
Do either of the cards offer special introductory rates or bonuses?
Neither card currently offers introductory rates or bonuses.
About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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