Capital One Quicksilver Secured Rewards Credit Card: build credit and earn cash back

Build or rebuild credit with Capital One Quicksilver Secured Rewards. Earn 1.5% cash back and monitor your credit with Capital One tools.

CREDIT CARD

Capital One Quicksilver Secured Rewards

ANNUAL FEE UPGRADE PATH

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The Capital One Quicksilver Secured Rewards Credit Card offers U.S. residents with limited or fair credit a practical way to strengthen credit while earning unlimited 1.5% cash back on all purchases. Taking your first step toward obtaining a credit card—or working to rebuild credit after financial setbacks—is an important milestone in achieving financial independence.

This secured card is well-suited for self-employed individuals, 1099 contractors, and traditional employees, providing the opportunity to demonstrate responsible credit use, earn flat-rate cash-back rewards, and progress toward higher credit limits or unsecured cards. With a refundable security deposit and reporting to all three major credit bureaus, it helps establish a strong foundation for long-term financial health.

Key Benefits

• Unlimited 1.5% Cash Back: Earn rewards on every purchase, without category restrictions or rotating bonus periods.
  
• Credit Reporting: Card activity is reported to Experian, TransUnion, and Equifax, helping you build or repair your credit.
  
• Refundable Security Deposit: Starting at $200 (may vary by credit profile), this deposit secures the account and sets your credit limit.
  
• No Foreign Transaction Fees: Ideal for international purchases or shopping from foreign retailers.
  
• CreditWise® Access: Track your credit score, receive alerts, and monitor progress over time.
  
• Upgrade Potential: Responsible usage may allow for higher credit limits and eventual transition to an unsecured card.
  

Things to Consider

• Variable APR: Up to 26.99% APR, which can be costly if balances carry over month-to-month.
  
• Deposit Required: A refundable security deposit is mandatory to open the account.
  
• Limited Rewards Options: Only flat 1.5% cash back is offered; there are no bonus categories or introductory promotions.
  
• Approval Considerations for Low Scores: Applicants with very low credit may face higher deposit requirements or conditional approval.
  

Eligibility and Documentation

Applicants generally need:

• Credit Score: Fair to poor (approximately 580–669), though exceptions exist.
  
• Identification: Valid U.S. Social Security Number and a physical U.S. address.
  
• Income Verification: Self-employed or 1099 applicants can self-report income; employed applicants may provide pay stubs.
  
• Age Requirement: Must be at least 18 years old.
  

Example: A self-employed applicant with a 420 credit score was approved by providing consistent income documentation and a $200 deposit.

Tips to Boost Approval Chances

Basic Tips:

• Check your credit report for errors and reduce outstanding balances.
  
• Apply when you have steady, verifiable income.
  
• Limit multiple applications in a short period.
  

Advanced Tips:

• Use Capital One’s pre-qualification tool to assess eligibility without affecting your credit score.
  
• Maintain a checking or savings account with Capital One to show responsible financial behavior.
  
• After six months of on-time payments, request a credit line increase to optimize credit utilization.
  

Step-by-Step Application Process

1. Go to the Capital One Quicksilver Secured Rewards page.
   
2. Click “Apply Now” or check pre-qualification eligibility.
   
3. Enter your personal details: name, SSN, date of birth, address, and income.
   
4. Select your security deposit amount (minimum $200 suggested).
   
5. Review the card terms, including APR, fees, and rewards.
   
6. Submit your application and wait for approval or a request for additional documents.
   

Comparative Overview: The Capital One Quicksilver Secured Rewards Credit Card vs Alternatives

Notes: Discover it® Secured offers higher rotating rewards but requires careful tracking of categories. Capital One Platinum Secured has low deposits but no rewards. Quicksilver Secured combines flat-rate cash back with credit-building for fair-credit applicants.

Conclusion

The Capital One Quicksilver Secured Rewards Credit Card is a reliable option for U.S. residents seeking to build or rebuild credit while earning unlimited cash back. Its combination of security, reporting to all three bureaus, and rewards makes it an effective tool for long-term financial growth. So, review your options, consider your spending habits, and choose the card that best supports your credit goals.

Want to increase your approval odds? Visit our next page for expert strategies to strengthen your credit profile.

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