Reaching a good credit score is essential to achieving financial accomplishments such as a mortgage, buying a car, and making other major purchases that require financing. By having a strong credit history, you will have an easier time getting approved for these transactions and guarantee better conditions, saving money.
Capital One’s Quicksilver Secured Cash Rewards card allows you to build credit quickly and flexibly with a rewards program not common with secure cards. This card will be perfect for those who like to earn rewards and are looking to avoid an annual fee when building their credit.
Other card details
The Quicksilver Secured Cash Rewards is a credit card for people who want to build credit safely and easily. Quicksilver Secured requires a security deposit, like most secure cards. The deposit amount will determine the maximum credit line you will have in your account.
Capital One will review your account from time to time to determine if you are eligible to switch to an unsecured account. If this happens, you will receive a deposit back upon account closure or upon being transferred to an unsecured card counterparty at Capital One’s discretion.
Unlike most secure cards that offer limited or no rewards, Capital One’s Quicksilver Secured Rewards credit card offers an unlimited 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel.
Also, redeeming your rewards with your Quicksilver Secured Rewards is quick and simple. You can redeem them at any time for any amount and they do not expire while your account is open and in use. Your earnings can be redeemed as a statement credit, purchases on PayPal and Amazon, gift cards, or for travel through CapitalOneTravel.com.
Learn more about Quicksilver Secured Rewards
Considering how there are very few rewards programs among secure cards, the Quicksilver Secured card is an attractive choice. This card also charges no annual fee and no overseas transaction fees and, with responsible use, offers the chance to recover your initial security deposit.
There’s also no need to track revolving categories or worry about limits on how much cash back you can earn with your Quicksilver Secured card. With every qualifying purchase you make, anywhere, you can receive at least 1.5% cash.
Capital One Quicksilver Secured Rewards Credit Card holders may be considered for a credit line increase after 6 months of card possession. This increase is determined according to payment history and credibility.
Other Benefits of the Card
- Account Alerts: Receive personalized email or text alerts and stay up to date on your account.
- Automatic payments: Set up automatic payments to optimize your time
- Capital One Mobile App: Access your account at all times. Pay bills, view your balance and transactions, and more!
- $0 Fraud Liability: You will not be held responsible for unauthorized card transactions
- Emergency Card Services: Receive an emergency card replacement and a cash advance in case your card is stolen or lost
Is this card for you?
If you want to build or strengthen your credit while earning rewards for doing so and don’t mind shelling out a security deposit, the Capital One Quicksilver Secured Rewards could be the right choice. By maintaining a responsible use of this card, you will be able to get the most out of its benefits, receiving a 1.5% refund on every purchase, regardless of the product/service.
The card will also be a good deal for those who have limited credit as it considers the approval of people in this situation and comes with features like full credit reports, an update path, and an automatic credit limit review. Additionally, cardholders can earn rewards with the card as they build up their credit, which is not a common benefit among other secured credit cards.
This card can also be a good option for those who don’t want cards that require a minimum amount to redeem rewards as is common with cash back cards. With this card, you can redeem your rewards at any amount at any time. And finally, this card is perfect for those who often travel abroad, as it does not charge transaction fees abroad and offers great benefits for travelers.
If you want more than a standard secured card and don’t want to pay an astronomically high annual fee, the Quicksilver Rewards credit card will be the best choice. It will allow you to build or strengthen your credit while saving money through the great reward rate.
If you think it’s time to get yours, sign up for the Capital One Quicksilver Secured Rewards credit card now and enjoy all its benefits! Keep reading this article to find out how.