You can raise your initial credit line up to your maximum limit - which is assigned upon card approval - and may range from $1,000 to $3,000, depending on your creditworthiness.įinally, you may be able to “graduate” to the Capital One Quicksilver Cash Rewards Credit Card - the unsecured version - by using the card responsibly. If you need a larger credit line, you can put down an additional deposit within 35 days of being approved and activating your card. Remember that you’ll have to put down a minimum of $200 as your security deposit (which also determines your credit line), so the more you put down, the more credit you’ll have access to. No annual fee: All of these great benefits for no annual fee.Access to digital features: You can implement a flexible payment date and AutoPay to ensure that you pay your statement on time.
Quicksilver credit card for free#
The 1.5% rewards rate on all purchases is terrific and straightforward. The pre-approval process will not impact your credit score as it’s a soft inquiry (rather than a hard inquiry) on your credit.įurthermore, this card is a great option for those who feel like they’re missing out on earning rewards. Whether you have a limited credit history or a less-than-ideal credit score, Capital One makes it easier than ever to check your approval odds for the Quicksilver Secured with its flagship pre-approval tool that you can find here. The Capital One Quicksilver Secured is best for those having a hard time seeking approval from other rewards credit cards. Who is this card for? (Photo by John Gribben for The Points Guy) New to The Points Guy? Sign up for our daily newsletter and check out our beginner’s guide. Let’s take a further look at all of the details. But perhaps the best part of this card is the ability to earn 1.5% cash back on all purchases, which is a fantastic earning rate even when considering traditional credit cards. There’s no annual fee and a minimum of a $200 cash security deposit required. The all-new Capital One Quicksilver Secured is one of the best - if not the best - secured card options on the market. From there, a secured credit card will act just like a traditional credit card - but with a much easier approval process. Rather than a traditional credit line, you’ll have to put down a fully refundable cash deposit that determines your credit limit. Secured credit cards are a great alternative that helps you build or repair your credit through a slightly different approach. Just because your credit score isn’t outstanding doesn’t mean you’re banned from applying for credit cards altogether. Card rating*: ⭐⭐⭐½ *Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer. With no annual fee and no foreign transaction fees, this card opens many doors for those who want access to credit. While most secured card options are intended to build credit and not earn rewards, the Quicksilver Secured is a unique blend of both - offering a 1.5% rewards rate on all purchases.
The Capital One Quicksilver Secured Cash Rewards Credit Card is a brand new option out there for those with poor or limited credit. This page includes information about the Discover it Secured Credit Card that is not currently available on The Points Guy and may be out of date.
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