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:
| Feature | Quicksilver Secured Credit Card |
|---|---|
| Fees | $0 |
| APR | 30.49% APR |
| Cash Back | Unlimited 1.5% cash back on purchases |
| Minimum Deposit | $200 |
| Welcome Bonus | $0 |
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:
- Fees: $0
- Cashback: 1.5%
- Welcome bonus: $0
- Credit Score: No
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: up to $300
- Credit Score: 690-850
- Fees: 0
- Cashback: No
- Welcome bonus: No
- Credit Score: No
- Fees: 0
- Cashback: Up to 3%
- Initial deposit: $200-$5,000
- Welcome bonus: No
- Credit Score: No
- Fees: 0
- Cashback: 0%
- Initial deposit: $300
- Welcome bonus: No
- Credit Score: No
- Fees: 0
- Cashback: 0%
- Initial deposit: $200-$5,000
- Welcome bonus: No
- Credit Score: No
- Fees: $35
- Cashback: 0%
- Initial deposit: $200
- Welcome bonus: No
- Credit Score: No
- Fees: 0
- Cashback: 1,5%
- Initial deposit: $200-$5,000
- Welcome bonus: No
- Credit Score: No
- 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:
| Pros | Cons |
|---|---|
| No annual maintenance fees | Relatively high 30.49% APR for deferred payments |
| Unlimited 1.5% cash back on purchases | No initial 0% APR introductory offer |
| Requires a minimum deposit of $200 | No welcome bonus |
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:
| Information | Description |
|---|---|
| Website | https://www.capitalone.com/ |
| https://www.facebook.com/capitalone/ | |
| YouTube | https://www.youtube.com/user/capitalone/ |
| https://twitter.com/capitalone | |
| Phone | 1-800-289-1992 |
Anothers product of Capital One
You also have a list with more Capital One products:
- Certifate of deposit: Here you have a Capital One CD review.
- Savings account: Capital One savings account.
- Checking account: Capital One 360 checking account review.
- Capital One Student checking account.
- Capital One credit cards:
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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