Vattené wrote:Look at it this way. At the higher end, the ink cash will get you about $8.95 in 5% spending a month. If you just spend $600 a month on a Quicksilver card (phone and cable bill included), you'll get $9 in cash back. That's not considering any non-5% spending on the Ink Cash, but it doesn't take much spending to equal that.
The 5% is appealing, but when you compare each card to your spending as a whole, I think Capital One may net you more.
kdm31091 wrote:I don't think anyone hates the DC...it's just a matter of weighing every part of the equation. Pure value of rewards are not always the only consideration. One has to think about customer service, CLI flexibility, ease of reward redemption, etc. How much each of things matter depends on the person, and honestly in many cases I'd give the nod to Citi for better customer service. Reward redemption though - you cannot beat capital one. While 2% is more than 1.5%, the bottom line is that for most spending, the difference is fairly trivial. I'd rather have 1.5% that can be cashed out whenever with zero delay vs 2% that I wait two months for and hope I have $25 because if not, can't do anything. To be fair, a $25 minimum isn't as bad as say, the Amex requirement of $25 increments, but people who hate restrictions still find it annoying.
Remember also the bonus. I am NOT a bonus hunter by any means, but like you say about simple math: 1.5% + $100 bonus is going to outweigh 2% for a long time if we're talking about signing up for a new card.
True rewards purists who want the maximum reward no matter what tend to favor the DC. Those who are willing to give up a tiny bit of rewards in favor of convenience like the QS. No right or wrong answer, just a preference. For me, I have both. I don't honestly use my DC very often, but I do hate Capital One's lack of APR flexibility and such with customers. Double edged sword I guess.