Capital One Quicksilver Secured Rewards Credit Card
- Best for: Credit builders with fair credit who can set aside $200 and want flat cash back
- What Sets It Apart: The unsecured Quicksilver’s 1.5% cash back on a secured card; an upgrade keeps the rate and returns the deposit
- Cost: $0 annual fee; $200 minimum refundable deposit; 29.24% variable APR
- Features: 1.5% back on every purchase; 5% on Capital One Travel hotels, rental cars, vacation rentals, and activities; a bigger deposit raises the starting line, up to $1,000 to $3,000; reports to three credit bureaus
- Pros: No foreign transaction fee; line increases without another deposit; an upgrade keeps the same account and its terms
- Cons: No deposit below $200; listed for fair credit; no set upgrade timeline; deposit earns no interest
Open the Capital One Quicksilver Secured Rewards Credit Card if your credit is fair and you can spare a $200 refundable deposit. It pays 1.5% cash back on every purchase, with no annual fee, and keeps that rate after an upgrade to an unsecured card. With less to deposit, pick a secured card with a lower minimum.
The Quicksilver Secured pays the same 1.5% cash back rate as Capital One’s unsecured Quicksilver, so you can build credit with a secured card and still collect rewards. At $100 of purchases a month, that rate earns $18 a year.
Key Features
- $200 minimum refundable deposit for a starting line of at least $200
- A higher starting line for depositing more within 35 days of approval, before you activate the card, up to a $1,000 to $3,000 maximum based on your credit
- 1.5% cash back on every purchase, and 5% on Capital One Travel bookings of hotels, rental cars, vacation rentals, and activities
- $0 annual fee
- 29.24% variable APR on purchases
Pros
- Cash back on every purchase, with no categories to track or activate
- Reports to all three major credit bureaus
- No foreign transaction, replacement card, or authorized user fees
- Credit line increases possible without another deposit
- An upgrade unsecures the same account, keeps its terms, and returns the deposit as a statement credit
Cons
- No deposit option below $200
- Listed by Capital One for fair credit, not rebuilding credit
- Closed to applicants with an unresolved bankruptcy or a Capital One card written off as unpaid in the past year
- Deposit earns no interest while it’s held
- No set timeline for the upgrade, and you can’t request one
The Quicksilver Secured suits someone with fair credit and $200 to set aside who wants the account they build credit on to become an unsecured cash back card. Readers with less to deposit, or credit below fair, should open the Capital One Platinum Secured or the Discover it Secured Cash Back, which take as little as $49, though only the Discover card earns rewards.
Learn more about the Capital One Quicksilver Secured Rewards Credit Card or see how it compares to the best secured credit cards.
Editorial & Advertiser Disclosure: The editorial content on this page is not provided, commissioned, reviewed, approved, or otherwise endorsed by any advertiser. Opinions expressed here are ours alone, not those of any advertiser. The offers that appear on this site are from companies that compensate us. That compensation may influence which products we cover and where and how they appear on a page – including the order in which they appear – but it does not influence our evaluations, ratings, or opinions. We do not include every company or offer available in the marketplace.
Keep Reading
