Capital One Quicksilver Secured Cash Rewards Credit Card
Card Fees
None
Balance Transfer Fee applies to balances transferred at a promotional rate
None
Ongoing Information
1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
$0
Expert Reviews
From the CompareCards.com Editorial Team, updated on Oct 01, 2024
Secured credit cards are often meant to do just one thing: help you build your credit. As any financial advisor (or credit card writer!) will tell you, a strong credit history and high credit score can be invaluable assets – this is why a secured credit card can be an incredibly effective tool for those with little to no credit history. The downside is that most secured cards don’t offer anything beyond their credit-building potential, which is why the new Capital One Quicksilver Secured Cash Rewards Credit Card caught our eye.
Why is this card so interesting? It all comes down to rewards. Yes, you read that right, this secured card not only comes with a rewards program, but a solid one at that: Capital One Quicksilver Secured Cash Rewards Credit Card cardholders earn 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). That’s the same rate as Capital One’s flagship Quicksilver card, with the same limitless earning potential and same lack of rotating categories. This is bar-none the best rewards offer on the market for a card of this type, which immediately rockets it to the top of the heap if you’re considering a secured card.
Beyond just having a stellar cash back program, the Capital One Quicksilver Secured Cash Rewards Credit Card also comes stock with all the standard features we’d expect from a secured card. The $200 security deposit translates into a $200 initial credit line, and that deposit will completely refunded as statement credit so long as you maintain responsible credit habits (like maintaining regular monthly payments). Beyond that, you’ll be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed.
All this adds up to a secured card that punches way above its weight in its category. And with a $0 annual fee and fraud liability protection, you can be sure that you’re getting peace of mind in addition to top-tier rewards. If you’re on the hunt for a secured credit card, this is not one to pass up.
Expert Reviews of the Capital One Quicksilver Secured Cash Rewards Credit Card
The Bottom Line
The Capital One Quicksilver Secured Cash Rewards Credit Card takes our top spot in the secured card category because of its top-shelf unlimited rewards program and limited fees. Don’t miss this one if you’re in the market for a secured card.
The Good
The Capital One Quicksilver Secured Cash Rewards Credit Card’s outstanding rewards program marks it out as head-and-shoulders above the competition – and that’s without considering it’s generous security deposit refund program.
The Not so Good
This card comes with all the regular downsides of a secured card, so unless you have low or no credit, a different card may be a better choice.
Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Capital One.