The content of this page is accurate as of the publication date; however, some offers from our partners may have expired. Browse our list of the best credit cards or use our CardMatch™ tool to find the cards that suit your needs.
A standard fixed rate cashback credit card can help you earn hundreds of dollars in cash every year, and it’s certainly better than nothing. However, some consumers choose to sign up for more than one card in order to double signup bonuses and take advantage of credit card bonus categories.
One cash back duo that works quite well is the Capital One SavorOne Cash Rewards Credit Card and the Capital One Quicksilver Cash Rewards Credit Card. Both cards have no annual fees, and their complementary earning structures ensure that you earn more rewards over time – possibly up to $700 or more in the first year.
If you’re wondering if you’d be better off with two Capital One cards instead of one, you’re certainly not alone. Read on to see why combining Capital One SavorOne and Quicksilver cards might be a smart idea.
Comparing SavorOne and Quicksilver
Both SavorOne Card and Quicksilver are issued by Capital One and offer competitive cashback, but they have distinct differences when it comes to their earning rates.
At first glance, it might seem that SavorOne is better for cardholders who spend a lot on food, entertainment and groceries, while Quicksilver is more suitable for those whose budget is not very dependent on any direction. But, in fact, carrying both cards can be the most profitable move of all. That’s why.
Maximize bonus categories
The Capital One SavorOne Card offers useful bonus categories that just about anyone can take advantage of, including 3% cashback at restaurants, entertainment, select streaming services and grocery stores. These categories are unlimited, which means you can make as much money as you want every year.
If you subscribe to the SavorOne card and spend $200 in grocery stores and $400 in restaurants and entertainment every month, you can earn $216 in cash within a year. You will also receive a $200 welcome offer after you spend $500 on purchases during the first three months, resulting in a first year reward on this card of $416. And you are not limited to this amount – there is no limit to how much cashback you can earn.
One of the disadvantages of the SavorOne card is that it only gives you back 1% of your regular expenses. But this is where the Capital One Quicksilver card comes in. This card makes it easy to get the maximum reward as it gives you a 1.5% return on all regular purchases.
If you spend $600/month on a Quicksilver card, you can earn $9/month or $108 cash in the first year. Add in the $200 credit you earn by spending $500 on purchases in the first three months and you’ll get $308 in cash for the first 12 months of membership.
By combining these two cards, you can easily earn over $300 in cash in your first year – even without signup bonuses. Here’s what those rewards might look like for the first 12 months of owning both cards:
| Cashback strategy | ||
|---|---|---|
| SavorOne Card Earn $416 in the first year |
+ |
 Mercury card Earn $308 in the first year |
| Total cashback earned = $700 | ||
|
That’s how:
|
||
If you add each of the signup bonuses, you will receive $724 cashback in the first year. And this is just the beginning of what you can earn.
Exchange for flexible rewards
Both of these cash back credit cards allow you to cash out your credit rewards on your statement at a rate of 1 cent per card. You can’t go wrong with this option. After all, anyone can take advantage of the credit statements that can be used to pay anything — even monthly bills.
If you’re in the mood to splurge on yourself, be sure to check out Capital One’s selection of gift cards, many of which cost 1 cent per point. You can also use Capital One Rewards to purchase items with your Rewards, although you will generally get much less value if you do so. As an added bonus, you can also use rewards from any card to make purchases on Amazon.com or through PayPal.
Finance a major purchase at 0%
Both Quicksilver and SavorOne give you 15 months with an introductory 0% APR on purchases, followed by a variable APR from 15.24% to 25.24%. That means you can buy something expensive—say, new kitchen appliances or a vacation in the Bahamas—and pay it off within 15 months without spending a dime on interest.
bottom line
Sometimes two bonus credit cards are better than one, and the fact that those two cards can help you make $724 or more in your first year proves it. The reality is that both Capital One SavorOne and Capital One Quicksilver are worth having, and this is especially true if you strategically use both for all your recurring expenses and bills.
Editorial disclaimer
The editorial content on this page is based solely on the objective judgment of our contributors and is not based on advertising. It was not provided or ordered by credit card issuers. However, we may receive compensation when you click on links to our partners’ products.
