Quicksilver Secured Rewards: The Secure Way to Earn Cash Back

Capital One’s Quicksilver Secured Rewards credit card is a great option for anyone looking to build their credit score while earning cash back on every purchase. With a refundable $200 minimum deposit, this card offers unlimited 1.5% cash back on all purchases, making it an excellent choice for those who want to maximize their rewards without going into debt.

In this blog post, we’ll take an in-depth look at the features and benefits of the Quicksilver Secured Rewards credit card and why it’s a great choice for anyone looking to build their credit and earn rewards.

What is the Quicksilver Secured Rewards Credit Card?

The Quicksilver Secured Rewards credit card is a secured credit card that requires a refundable security deposit of at least $200. This deposit serves as collateral for your credit line and helps to lower the risk to the card issuer.

Unlike traditional credit cards, secured credit cards are designed to help individuals with poor credit or no credit history establish or rebuild their credit score. By making timely payments and keeping your credit utilization low, you can improve your credit score over time.

The Quicksilver Secured Rewards credit card is an excellent option for those looking to do just that. The card reports to all three major credit bureaus, which means that if you use it responsibly, you can improve your credit score in no time.

Benefits and Features of the Quicksilver Secured Rewards Credit Card

Unlimited 1.5% cash back on all purchases

The Quicksilver Secured Rewards credit card earns unlimited 1.5% cash back on every purchase, with no limit to how much you can earn. This is a great feature that sets it apart from other secured credit cards that may not offer any rewards at all.

The cash back you earn can also be redeemed in the form of a statement credit or a check, which makes it easy to use your rewards however you like.

Low annual fee

The Quicksilver Secured Rewards credit card has an annual fee of $39, which is relatively low compared to other secured credit cards. This fee is waived for the first year, which makes it a great choice for those looking to try out the card without any upfront costs.

Refundable security deposit

The Quicksilver Secured Rewards credit card requires a refundable security deposit of at least $200, which is used as collateral for your credit line. This deposit is refunded to you when you close your account, as long as your account is in good standing.

The ability to increase your credit line

After five on-time payments, Capital One may offer you the opportunity to increase your credit line without requiring an additional deposit. This feature is great for those looking to establish or rebuild their credit, as a higher credit line can help improve your credit utilization ratio.

No foreign transaction fees

The Quicksilver Secured Rewards credit card has no foreign transaction fees, making it an excellent choice for those who travel or shop online internationally. This can save you a significant amount of money on fees compared to other credit cards that may charge a foreign transaction fee of up to 3% of the transaction amount.

No penalty APR

The Quicksilver Secured Rewards credit card has no penalty APR, which means that you won’t be charged a higher interest rate if you make a late payment. While it’s always important to make your payments on time, this feature provides some peace of mind in case you miss a payment.

Pre-approval and no risk to your credit score

Capital One offers a pre-approval process for the Quicksilver Secured Rewards credit card that won’t impact your credit score. This is a great way to see if you’re eligible for the card without committing to a hard inquiry on your credit report.

Is the Quicksilver Secured Rewards Credit Card Right For You?

If you’re looking to establish or rebuild your credit score and earn cash back, the Quicksilver Secured Rewards credit card may be a great choice for you.

The unlimited 1.5% cash back on all purchases, low annual fee, and refundable security deposit make it a competitive secured credit card option. Plus, the ability to increase your credit line and the lack of foreign transaction fees make it a versatile choice for those looking to improve their credit and travel.

Overall, the Quicksilver Secured Rewards credit card offers an excellent opportunity to build your credit score while earning rewards on every purchase. To see if you’re pre-approved with no risk to your credit score, apply for the card today.