Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Capital One Quicksilver Secured Cash Rewards Credit Card
If you need to build or rebuild your credit, the Capital One Quicksilver Secured Cash Rewards Credit Card can help you develop a more robust credit profile with responsible use. You will be able to gain experience with credit as you earn 1.5% Cash Back on every purchase, every day and work toward a traditional unsecured card. You’ll also earn 5% cash back on hotels and rental cars booked through Capital One Travel.
Even if you have poor, fair or no credit, you may be able to qualify for the Capital One Quicksilver Secured Cash Rewards Credit Card with a minimum deposit of $200. The card has a $0 annual fee and no foreign transaction fees but a fairly high annual percentage rate of 30.74% (variable). (See Rates & Fees)
- Issuer NameCapital One
- Credit NeededLimited, Bad
- Annual Fee$0
- APR30.74% (Variable)
- Penalty APRNone
- Balance Transfer FeeBalance Transfer Fee applies to balances transferred at a promotional rate
- Cash Advance Fee5% of the amount of the cash advance, but not less than $5
- Foreign Transaction FeeNone
- Want a chance to earn cash back rewards while you build or rebuild credit.
- Prefer to make a small, refundable security deposit to open an account.
- Would like free access to your credit score as you build your credit.
The Capital One Quicksilver Secured Cash Rewards Credit Card is designed for those looking to rebuild or establish credit. The card requires a minimum refundable deposit of $200, but keep in mind this deposit will set your credit limit. If you are looking for a credit limit higher than $200, you can make an initial deposit of up to $1,000 to $3,000, depending on your creditworthiness.
When looking to rebuild or establish credit, the most important factors are making payments on time and keeping your credit utilization rate low. Try to avoid using the full amount of credit available to you and be sure to make your payments consistently on time to most effectively boost your credit score. Once your credit is high enough, you’ll qualify for an unsecured card.
Editor’s Take
The Capital One Quicksilver Secured Cash Rewards Credit Card is a great choice for those looking to rebuild their credit. Earning any type of rewards with a secured card is an appealing offer, although it shouldn’t be your main concern. You should be focused on rebuilding your credit to qualify for an unsecured card.
Capital One will regularly report your card status to the three major credit bureaus. Every six months, cardholders are automatically considered for a higher credit line with no additional deposit necessary. Once your credit has improved through responsible card use, you can upgrade to an unsecured Capital One Quicksilver Cash Rewards Credit Card and receive your security deposit back.
If you’re looking for a secured card that’ll earn you cash back in common spending categories, Discover it® Secured Credit Card cardholders earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases. In addition to earning rewards with your secured card, Discover will match all the cash back you’ve earned at the end of your first year.
The Capital One Quicksilver Secured Cash Rewards Credit Card does not offer any sign-up bonuses.
Cardholders can earn 1.5% Cash Back on every purchase, every day. You’ll also earn 5% cash back on hotels and rental cars booked through Capital One Travel.
The upside of this rewards structure is that you can earn a steady rate of cash back without tracking rewards categories or altering your spending habits. The downside is that you will miss the chance for bigger bonus rewards in common spending categories.
U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.
Best in Cash Back Credit Cards
For rates and fees of the Capital One Quicksilver Secured Cash Rewards Credit Card, (See Rates & Fees).
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
