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Fact Checked Nathan Alderman Fact checkerNathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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The Capital One Quicksilver Secured Cash Rewards Credit Card is a solid secured rewards card for consumers looking to build or improve credit. It has no annual fee, no foreign transaction fees, and earns an unlimited 1.5% cash back. Read our Capital One Quicksilver Secured Cash Rewards Credit Card review to learn more and decide if this is the right secured card for you.
On Capital One's Secure Website .
On Capital One's Secure Website .
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
On Capital One's Secure Website .
Credit Score Circle with letter I in it.Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Purchases: N/A
Balance Transfers: N/A
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Earn unlimited 1.5% cash back on every purchase, every day. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply.
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This no-annual-fee credit card earns an unlimited 1.5% cash back on all purchases, and offers free credit monitoring tools -- making it a solid secured credit card option for consumers who want to earn rewards while building or rebuilding their credit.
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
On Wells Fargo's Secure Website .
Rating image, 5.00 out of 5 stars. 5.00/5 Circle with letter I in it.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Intro: Circle with letter I in it.
0% intro APR for 12 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 12 months from account opening
Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers
Regular: 20.24%, 25.24%, or 29.99% Variable APR
On Wells Fargo's Secure Website .
On Discover's Secure Website .
Rating image, 5.00 out of 5 stars. 5.00/5 Circle with letter I in it.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Purchases: 0%, 15 months
Balance Transfers: 0%, 15 months
Regular: 18.24% - 28.24% Variable APR
On Discover's Secure Website .
On Bank of America's Secure Website .
Rating image, 4.00 out of 5 stars. 4.00/5 Circle with letter I in it.Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Intro: Circle with letter I in it.
0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 19.24% - 29.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.
Purchases: 0% Intro APR for 15 billing cycles for purchases
Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
Regular: 19.24% - 29.24% (Variable)
On Bank of America's Secure Website .
This credit card is a good fit for: Consumers who want to build or improve their credit and earn cash back rewards without paying an annual fee.
The Capital One Quicksilver Secured Cash Rewards Credit Card includes the following perks.
There is no annual fee to use this credit card. Not all secured credit cards come without an annual fee. This is an excellent perk for cardmembers who are low on funds and just beginning to establish credit.
This card earns an unlimited 1.5% cash back on purchases. Not all secured credit cards earn rewards, so this card offers an excellent way to earn rewards while building credit. The fact that this secured card earns rewards with no annual fee is another notable perk.
While this card earns an unlimited 1.5% cash back on everyday purchases, there are other ways to earn rewards when using the Capital One Quicksilver Secured Cash Rewards Credit Card.
When booking hotels and rentals cars through the Capital One Travel portal, you'll earn 5% cash back. You must pay with your Capital One Quicksilver Secured Cash Rewards Credit Card. Before booking travel reservations with your card, review your total credit limit.
This rewards card has no earning categories and no rotating categories. Instead, cardmembers earn at a rate of 1.5% for purchases. With no categories to keep track of, users can spend as they normally would while earning cash back rewards. Some cards have rotating categories, which can be confusing. Plus, there's no need to opt in to earn rewards. Instead, rewards are earned automatically.
The Capital One Quicksilver Secured Cash Rewards Credit Card doesn't charge foreign transaction fees. If you plan to use this credit card while traveling internationally, you won't have to worry about these fees. Some credit cards charge foreign transaction fees for purchases made abroad. Typically, these fees are 3%, which can add up fast. Using a credit card without foreign transaction fees can save you money.
Cardmembers can use CreditWise from Capital One at no extra cost. This credit monitoring service can help you monitor your credit activity. This free service won't impact your credit score, and can be a great tool to use as you build your credit.
With this card, you will automatically be considered for a credit limit increase in as little as six months. If Capital One decides to increase your limit, you won't be required to pay an additional security deposit.
You have the potential to get your security deposit back as a statement credit with this card. How to increase your chances? Pay your credit bill in full and on time each month.
Although the Capital One Quicksilver Secured Cash Rewards Credit Card has many perks, it does have some minor issues.
Since this is a secured credit card, users must pay a security deposit before using it. Your security deposit will be equal to your initial credit limit. For example, a $200 security deposit will result in an initial credit limit of $200. While this deposit is refundable, it's something to be aware of when applying for the card. Getting approved for an unsecured credit card can be more challenging if you have limited credit, but unsecured cards don't require a security deposit.
Some credit cards offer a bonus to eligible new cardholders. This may be in the form of bonus cash back after meeting a minimum spend within a set time. There is no bonus offer available with this credit card. While it's not unusual for a secured credit card to offer no bonus, it's something to consider.
This card has a high variable interest rate, which means the interest rate can change. It's not uncommon for a card made for consumers with little credit history to have a higher APR. But it's worth noting that this rate is very high. To avoid paying credit card interest, only charge what you can afford and pay your balance in full monthly. Otherwise, you could pay a lot in interest charges, and not paying your balance in full could negatively impact your credit.
While this is a solid credit-building card, the Capital One Quicksilver Secured Cash Rewards Credit Card is intended for consumers who are new to credit or have bad credit, which is generally a FICO® Score under 579. Other factors are also assessed, such as income and current debt. So it could be possible to get approved with a lower credit score -- or be denied with a higher score.
This card could be a great choice if you're trying to build or improve your credit and want to earn rewards without paying an annual fee. Keep this one on your list when considering the best secured credit cards.
Here are some of the perks of the Capital One Quicksilver Secured Cash Rewards Credit Card:
You'll need to pay a security deposit to use this card. But if you pay your bill consistently, you could get your deposit back in time. With the ability to earn unlimited rewards while paying no annual fee, this card is hard to beat.
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
No, you won't pay an annual fee to have the Capital One Quicksilver Secured Cash Rewards Credit Card in your wallet.
This card earns rewards. You'll earn an unlimited 1.5% cash back on all purchases. You can also earn 5% cash back on hotels and rental cars booked through the Capital One Travel portal when using this card as payment.
The Capital One Quicksilver Secured Cash Rewards Credit Card has a minimum security deposit of $200. It'll be refunded if you close your account and pay your balance in full. If your account is deemed eligible to graduate to unsecured, Capital One will return your security deposit to you as a statement credit.
