JonE wrote:Part of me wants to apply for the Quicksilver instead of the Double Cash as my "maybe" card, but that's still a ways off. I had the beginner's Capital One when I was beginning to rebuild credit again, lost my job and fell behind, and got it charged off, although I did PIF on the collection down the road. I've got perceived better cards so I wouldn't apply for a straight up no rewards platinum again. It would have to be for something more useful. We'll see how their second chances work out.
I have both (QS and DC) and kind of undecided on which one I like better. If you are a true reward purist, you get more out of the Double Cash, but you have to wait 1-2 statements for it (2 statements unless you PIF before the statement comes). Not a huge big deal, but if you have a specific purpose you want to use the cash for in say, December, you'd have to kind of plan ahead if you wanted to redeem all of it. You do get 2% on every purchase which is good, but you don't get it without jumping through some hoops. Whether the hoops are no big deal or are a big deal is simply a matter of opinion. Again, if maximum possible rewards on the purchases are your only concern, you want the Double Cash.
I am not overly thrilled with Capital One as a whole, simply because of the difficulty in getting most requests answered without using the EO. You can't just call and speak to an underwriter. You can't just call and get an APR reduction. You can't just call and have a CLI manually reviewed. These things won't impact many people and maybe they aren't a big deal anyway, but it's just kind of a PITA. On the plus side, the rewards post instantly, can be redeemed whenever you want, and I think it's cute that you can customize the card's image.
Pros and cons to everything, I suppose. Either way, choose whichever you prefer. An 0.5% difference is not a big deal in the grand scheme. The debate on both sides can go on forever, but I'm just laying out my perception of each card. I'm still on the fence about which one I will keep long term as I eventually want to pare down my cards, and it's kind of superfluous for me to have two "general spending" cards.