Capital One Quicksilver secured credit card

Would you like to learn all about the Capital One Quicksilver Secured Credit Card? Responsible Economy presents you with a comprehensive overview of the Capital One Quicksilver Secured Credit Card’s features: fees, interest rates, minimum deposit, and everything you need to know. We’ll also provide you with a comparison of the best secured credit cards. Let’s get started!

Features

In this section, we will go through all the features one by one.

Fees

Undoubtedly, fees are one of the most crucial aspects of any financial product, including credit cards. The Quicksilver Secured Credit Card stands out positively in this regard, as it comes with no annual maintenance fees.

APR

Deferring payments comes with a relatively high interest rate. The APR for carrying a balance on purchases is 30.49%, which is worth noting. While some cards offer an initial 0% interest rate, the Quicksilver Secured Credit Card does not fall under that category.

Cash back

Another crucial aspect of credit cards is the cash back on purchases. This credit card offers an unlimited 1.5% cash back, which is a significant advantage. This feature stands out, as many secured credit cards do not offer any cash back rewards.

Minimum deposit

To acquire the Quicksilver Secured Credit Card, a minimum deposit of $200 is required.

Welcome bonus

While many credit cards come with a welcome bonus that could go up to $800, it’s important to note that the Quicksilver Secured Credit Card does not offer any welcome bonus.

Summary table

We have created a table summarizing all the features:

FeatureQuicksilver Secured Credit Card
Fees$0
APR30.49% APR
Cash BackUnlimited 1.5% cash back on purchases
Minimum Deposit$200
Welcome Bonus$0
Capital One Quicksilver secured credit card summary table features

Comparison with the Best Secured Credit Cards

We have conducted a comparison of Capital One Quicksilver secured credit card with the best secured credit cards available for application in the United States:

Capital One Quicksilver Secured Credit Card Logo
  • Fees: $0
  • Cashback: 1.5%
  • Welcome bonus: $0
  • Credit Score: No
Discover it Cash Back
  • Fees: $0
  • Cashback: 1%-5%
  • Welcome bonus: up to $300
  • Credit Score: 690-850
  • Fees: 0
  • Cashback: No
  • Welcome bonus: No
  • Credit Score: No
Bank of America customized cash rewards secured credit card
  • Fees: 0
  • Cashback: Up to 3%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
Opensky plus secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $300
  • Welcome bonus: No
  • Credit Score: No
Bankamericard secured credit card
  • Fees: 0
  • Cashback: 0%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
OpenSky secured credit card
  • Fees: $35
  • Cashback: 0%
  • Initial deposit: $200
  • Welcome bonus: No
  • Credit Score: No
Bank of america unlimited cash rewards secured
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No
U.S. Bank Secured Visa credit card
  • Fees: 0
  • Cashback: 1,5%
  • Initial deposit: $200-$5,000
  • Welcome bonus: No
  • Credit Score: No

Pros and cons

Once we’ve explored all the features of the Quicksilver Secured Credit Card and compared it with the best secured credit cards, we’ve compiled a table with all the pros and cons:

ProsCons
No annual maintenance feesRelatively high 30.49% APR for deferred payments
Unlimited 1.5% cash back on purchasesNo initial 0% APR introductory offer
Requires a minimum deposit of $200No welcome bonus
Quicksilver Secured Credit Card pros and cons

Requirements

To acquire the Capital One Quicksilver Secured Credit Card, you need to meet the following minimum requirements:

  • Reside in the United States: You must be a resident of the United States to be eligible for the card.
  • Be over 18 years old: You need to be at least 18 years old to apply for the card.
  • Employment Documentation: Providing evidence of employment is required to demonstrate your ability to manage the card responsibly.
  • Social Security Number: You’ll need to provide a valid Social Security Number as it is an essential requirement to verify your identity and credit history.

Frequent questions

Now we’re here to address any questions you might have about the Quicksilver Secured Credit Card.

Conclusion and opinions

After conducting our analysis, our opinion is that the Capital One Quicksilver Secured Credit Card is one of the top secured credit cards in the United States. This is due to its lack of maintenance fees and the offering of an unlimited 1.5% cash back. However, the downside is the relatively high interest rate for deferred payments and the absence of a welcome bonus.

More information about Capital One

We have made a table with interesting information about Capital One:

InformationDescription
Websitehttps://www.capitalone.com/
Facebookhttps://www.facebook.com/capitalone/
YouTubehttps://www.youtube.com/user/capitalone/
Twitterhttps://twitter.com/capitalone
Phone1-800-289-1992
Interesting information about Capital One

Anothers product of Capital One

You also have a list with more Capital One products:

To conclude, you have more related content about secured credit cards:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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