The Capital One Quicksilver Secured

Earn unlimited 1.5% cash back on every purchase, every day, with a refundable $200 minimum deposit.

CREDIT CARD

Capital One Quicksilver Secured

No Annual Fee Earn 1.5% cash back on purchases

SEE HOW TO APPLY You will remain on the current site

Overview of Benefits

The Capital One Quicksilver Secured Credit Card is designed for individuals aiming to build or rebuild their credit while enjoying straightforward cash back rewards. Key features include:

• Unlimited 1.5% cash back on all purchases, every day.
• 5% cash back on hotels and rental cars booked through Capital One Travel.
• $0 annual fee, allowing you to build credit without additional costs.
• Refundable $200 minimum security deposit, which serves as your initial credit line.
• Potential for credit line increases in as little as six months with responsible use.
• Opportunity to upgrade to an unsecured card and receive your deposit back with responsible card use.

How It Works

Upon approval, you’ll provide a refundable security deposit of at least $200, which becomes your initial credit limit. You can fund your deposit in multiple installments within 35 days of approval, with each payment being at least $20. 

By using your card responsibly—making on-time payments and keeping your balance low—you can build a positive credit history. Capital One reports your payment activity to all three major credit bureaus, aiding in your credit-building journey. 

Comparative Table: Quicksilver Secured vs. Competitors

Primary Use Cases

This card is ideal for individuals who:

• Are new to credit or looking to rebuild their credit history.
• Prefer a simple, flat-rate cash back rewards program.
• Want to avoid annual fees while building credit.
• Seek the opportunity to transition to an unsecured card over time.

For example, if you’re a recent graduate entering the workforce, this card allows you to establish credit while earning cash back on everyday purchases like groceries, gas, and dining.

Cost vs. Value

With no annual fee and a straightforward rewards structure, the Capital One Quicksilver Secured card offers significant value. Earning 1.5% cash back on all purchases means that for every $1,000 spent, you receive $15 back. Additionally, the opportunity to earn 5% cash back on select travel bookings can enhance your rewards.

Moreover, responsible use can lead to credit line increases and the return of your security deposit, transitioning you to an unsecured card. This progression not only improves your credit profile but also provides greater financial flexibility.

Final Thoughts: Is It Worth It?

The Capital One Quicksilver Secured Credit Card stands out among secured cards by combining credit-building tools with a robust rewards program. Its lack of annual fees, potential for credit line growth, and opportunity to graduate to an unsecured card make it a compelling choice for those starting or rebuilding their credit journey.

Ready to maximize your credit-building efforts while earning rewards? In Page 2, we’ll delve into advanced strategies, FAQs, and tips to help you get the most out of your Quicksilver Secured card.