Petal 1 Card vs. Capital One QuicksilverOne Cash Rewards Card: Two Great Options for Building Credit

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When it comes to building credit — whether you have little to no credit history or you’re looking to improve a past credit mistake — the Petal 1 “No Annual Fee” Visa Card issued by WebBank and the Capital One QuicksilverOne Cash Rewards Card are among the best options available today.

You can use either to build credit, since both issuers report payments to all three credit bureaus and offer the chance for a higher credit limit after six months of on-time monthly payments. Both cards are also unsecured, meaning you don’t have to put down a cash deposit as collateral to get approved.

However, some of the major card details diverge from there. Here’s what you need to know before you decide:

Side-by-Side Comparison

Petal 1 Visa CardCapital One QuicksilverOne
Annual Fee$0$39
Welcome OfferNoneNone
Cash Back Rewards2% to 10% cash back, only at select merchants• 1.5% cash back on all purchases
• Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Terms apply
Other Benefits• Get pre-qualified with no impact on your credit score

• Alternative approval process using bank account info

• Opportunities for a credit line increase available

• No foreign transaction fees
• Check for pre-approval with no impact on your credit score

• Opportunities for a credit line increase available

• No foreign transaction fees

Rewards and Benefits Comparison

One major credit-building benefit both cards offer is an automatic account review to determine whether you qualify for a credit line increase. Both issuers review your account after six months to determine whether you’re eligible for a credit line increase, through consistent on-time payments. This can help you build credit by lowering your credit utilization ratio, the second-most important factor in your credit score. 

If you’re hoping to build credit while you earn rewards, the Capital One QuicksilverOne Cash Rewards Card is the clear winner among these two card options. With the QuicksilverOne, you’ll earn a flat 1.5% cash back on everything you buy. Rewards can be redeemed for cash back, statement credits or gift cards. 

On the other hand, the Petal 1 Visa Card only offers 2% to 10% cash back on purchases with select merchants. These cash back offers are automatically loaded onto your Petal card account, and you’ll earn the cash back as you make an eligible purchase with a qualifying merchant. You can redeem rewards for statement credits or transfer to a bank account.

Though it falls short on rewards, there are other benefits that make the Petal 1 Visa Card a good credit-building option. Unlike other credit cards for building credit, the Petal 1 Visa Card considers alternative data for approvals, which could make the card easier to qualify for based on your credit history, or lack thereof. Petal uses bank account information you provide with your application — like your income, savings, and spending history — to create a Cash Score that’s used in addition to any credit information you have. You can also check whether you prequalify for the Petal 1 Visa Card without a hard inquiry on your credit report.

Meanwhile, the Capital One QuicksilverOne has a more traditional approval process, though it’s also available to consumers with little credit history and those with “fair” credit, or a FICO score of 580 to 669 or higher. You can check whether you’re pre-approved for Capital One cards (with no hard inquiry on your credit score) through the issuer’s website, too.

APRs

These two credit cards charge similar APRs, and neither one comes with an introductory rate. 

The Capital One QuicksilverOne Cash Rewards Card charges a 28.49% variable APR on purchases and balance transfers, whereas the Petal 1 Visa Card comes with a variable APR of 23.74% – 33.24%, depending on your creditworthiness.

Pro Tip

While both of these cards help build credit, they charge high APRs that can make carrying a balance extremely expensive. If you want to get the most out of a credit-building card, pay your balance in full and on time each month to avoid interest and fees.

Just remember, it’s especially important to avoid carrying a balance if you’re working to build credit. Not only can you avoid high-interest debts, but establishing good credit habits like paying your balance in full and on time each month can help you maintain a great score long-term.

Fees

The Petal 1 Visa Card is the winner when it comes to fees, since it charges no annual fee. The Capital One QuicksilverOne, on the other hand, requires a $39 annual fee.

Both cards can assess a late payment fee of up to $40, and the Petal 1 Visa charges a $29 fee for returned payments. Both cards also make good options for traveling abroad, since they carry no foreign transaction fees.

Learn More externa link icon
Petal® 1

Petal® 1 “No Annual Fee” Visa® Credit Card

  • Intro offer:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    23.74% – 33.24% (Variable)
  • Recommended credit:
    (No Credit History)
  • Apply Now externa link icon At Petal’s secure site
Learn More externa link icon
Petal® 2

Petal® 2 “Cash Back, No Fees” Visa® Credit Card

  • Intro offer:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    16.74% – 30.74% (Variable)
  • Recommended credit:
    (No Credit History)
  • Apply Now externa link icon At Petal’s secure site
Learn More externa link icon
Capital One QuicksilverOne Cash Rewards Credit Card

Capital One QuicksilverOne Cash Rewards Credit Card

  • Intro offer:
    N/A
  • Annual fee:
    $39
  • Regular APR:
    28.49% (Variable)
  • Recommended credit:
    580-740 (Fair to Good)
  • Apply Now externa link icon At Capital One’s secure site

Petal® 2 “Cash Back, No Fees” Visa® Credit Card issued by WebBank

Deciding Between Petal 1 Visa Card vs Capital One QuicksilverOne

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

When you’re looking to build credit, it can be useful to narrow your search based on which card will be a better tool for improving your score and establishing habits that you can use if you decide to upgrade to a more lucrative rewards card in the future.

The Petal 1 Visa Card makes a great starter card for true credit beginners, since it charges no annual fee and uses banking data to pad your application if you have no credit history. If you want a card you’ll have a good chance of qualifying for that you can use to simply build credit over time without a fee, this could be the card for you. 

However, the Capital One QuicksilverOne could be a better choice if you don’t mind paying $39 per year for the privilege of earning rewards. Rewards are one of the most compelling reasons to open a new credit card, and the QuicksilverOne could be a good starter card option if you want to practice using a credit card to earn and redeem rewards on your everyday spending.

If you’re on the fence, consider whether your budget makes the QuicksilverOne’s annual fee worth its price. For most people, the breakeven point between these two cards comes into play when you can spend $2,600 on purchases within a year, or a little over $217 per month. If you spend more than that on your card within a year, you would net more than $39 in rewards — or more than the cost of the annual fee on the Capital One QuicksilverOne Cash Rewards Card. If you plan to spend less than that on your card each month, the Petal 1 is likely the better choice.