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Capital One Quicksilver Secured Cash Rewards Credit Card full review: should you get it?

Learn more about one of the best options on the market for those who want a credit card that offers much more than just the basics.

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Capital One Quicksilver Secured Cash Rewards Credit Card: build credit while earning rewards!

Capital One Quicksilver Secured Cash Rewards Credit Card
Learn all about the Capital One Quicksilver Secured Cash Rewards Credit Card. Source: Capital One

In fact, some say it’s very difficult to find credit-building credit cards that offer rewards. Well, whoever says that for sure still doesn’t know the Capital One Quicksilver Secured Cash Rewards Credit Card.

With this product, as you build your credit, you can be rewarded with up to 1.5% cashback.

Capital One logo

Capital One Quicksilver Secured Cash Rewards Card: check out how to apply!

Learn how to apply for the Capital One Quicksilver Secured Cash Rewards Card, the credit-building card that gives unlimited rewards.

Want to know what else this card offers? Read the article below and find out:

Credit ScoreFair (between 580 and 669)
Annual Fee$0
Regular APR26.99% (variable for puchases)
Welcome bonusNone
Rewards1.5% unlimited cash back on all other purchases (while your account is open)

Capital One Quicksilver Secured Cash Rewards Credit Card: learn more about this financial product

In effect, this card is like a “little brother” to Capital One Quicksilver Cash Rewards. To create a secure version of this card, Capital One has made some adaptations.

However, the unsecured version still has a great rewards program but charges an annual fee. And the secured version offers an initial minimum security deposit limit of $200.

However, you can increase it up to $3,000.

In addition, the rewards program prioritizes purchases made through the Capital One Travel program. Another advantage that makes it very useful for travel is the absence of a foreign transfer fee.

Another important feature is the possibility of making balance transfers to this card. This card also accepts other authorized users and guarantees $0 fraud liability.

Other security services are available in the app provided by the card issuer.

Capital One Quicksilver Secured Cash Rewards Credit Card features

Young woman shopping online with credit card and laptop while sitting on sofa at home.
Learn more about the card’s pros and cons. Source: Adobe Stock

Indeed, this is a very advantageous option for those who want to build credit. However, before making your application, see the main pros and cons of this credit product:

What are the benefits? 

  • Credit construction: reporting your payments to the main credit agencies;
  • The rewards program can give you up to 1.5% in unlimited, non-expiring cashback for as long as your account exists;
  • No annual fee;
  • You can know if you are eligible to apply for this card without compromising your credit score.

And what are the drawbacks?

  • Relatively high APR;
  • It requires a minimum of a $200 security deposit;
  • The rewards program values a very specific category of purchases (those who do not travel will hardly enjoy this advantage);
  • Despite being a secured card, it does not usually accept applications from those with very bad credit.

What credit score do you need to get the Capital One Quicksilver Secured Cash Rewards Card?

Indeed, the official website of this product indicates that this is a card for people with fair credit. So, it is preferable that you have a credit score between 580 and 669 to apply.

This will increase your chances of being accepted.

How does the Capital One Quicksilver Secured Cash Rewards Credit Card application process work?

You can apply for this card online without leaving your home. Also, you can go through a pre-qualification to make sure you will be accepted.

For more details on this application process, take a look at the article available below!

Capital One logo

Capital One Quicksilver Secured Cash Rewards Card: check out how to apply!

Learn how to apply for the Capital One Quicksilver Secured Cash Rewards Card, the credit-building card that gives unlimited rewards.

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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