![]() You can read more about their methodology here.Įsri's data team created a sample annual budget of approximately $22,126 in retail spending. The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Surveys from the Bureau of Labor Statistics. We also considered additional perks, the application process and how easy it is for the consumer to redeem points.ĬNBC Select teamed up with location intelligence firm Esri. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available. To determine which credit cards offer the best value, CNBC Select analyzed 234 of the most popular credit cards available in the U.S. ![]() Extreme optimizers might be able to achieve more value, and you may earn a higher or lower return depending on your spending habits. This assumes that cardholders are redeeming cash back for a typical value of 1 cent each. Here's a breakdown of how much cash back you can earn in each category, annually:īased on the annual spending budget from Esri, the average American can earn an estimated $293 in the first year of card membership, after accounting for the $39 annual fee, and $1,464 over five years. We worked with the location intelligence firm Esri, who provided us with a sample annual spending budget of $22,126. Unlike the Quicksilver, the QuicksilverOne does not offer a welcome bonus.ĬNBC Select calculated how many rewards the average American can earn if they optimize the way they use their Capital One QuicksilverOne Cash Rewards Credit Card.
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