Capital One Quicksilver Secured Cash Rewards Credit Card
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- Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card Review
As one of the only secured cards available that offers cash back rewards on purchases, the Capital One Quicksilver Secured Cash Rewards Credit Card is a top choice for anyone looking to build credit.
Editor
1.5% Cash Back on every purchase, every day and 5% Cash Back on hotels, vacation rentals and rental cars booked through Capital One Travel
on Capital One's secure site
- Reports to the credit bureaus and builds your credit score when used responsibly
- 1.5% Cash Back on every purchase, every day and 5% Cash Back on hotels, vacation rentals and rental cars booked through Capital One Travel
- Pay no annual fee and no foreign transaction fees
- $0
- Poor / Limited / New to Credit
Our Expert Review
Why We Like It
Offer Rating
5/ 5
By Our Content Team
If you're new to credit or trying to rebuild your credit, the Capital One Quicksilver Secured Cash Rewards Credit Card could be the perfect card for you. Secured cards require you to put down a refundable security deposit and are a common tool for people with No Credit or Poor Credit to get started.
What makes this secured card stand out is that it comes with a generous cash back program. As a cardholder you earn unlimited 1.5% Cash Back on every purchase, every day and 5% Cash Back on hotels, vacation rentals and rental cars booked through Capital One Travel. That's a rewards rate normally reserved for consumers with Excellent Credit, but with the Capital One Quicksilver Secured Cash Rewards Credit Card you get to enjoy premium cash back rates as you build your credit. There is no limit on the amount of cash back you can earn, and your cash back won't expire for the life of your account.
Unlike most credit cards for Poor / Limited / New to Credit, this one comes with no annual fee. You will even be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed and you can easily monitor your credit with CreditWise from Capital One.
Pros & Cons
Pros
- This is one of the few secured cards that offers cash back on purchases
- Pay no annual fee and no foreign transaction fees
- The $200 security deposit is refundable
Cons
- There is no cash back sign up bonus, although that's normal for secured cards
- The APR of 28.99% (Variable) for purchases and balance transfers is rather high. Balance Transfer Fee applies to balances transferred at a promotional rate
Pros Explained
Cons Explained
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