Capital One Quicksilver Secured Review: A Credit-Building Rewards Card

The card comes with a $0 annual fee, offers a path to upgrade to a regular card and earns rewards.
Funto Omojola
By Funto Omojola 
Edited by Erin Hurd

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NerdWallet rating 
The bottom line:

You’ll get comprehensive credit reporting, the chance to upgrade to an unsecured product and the ability to earn rewards — all of which make the card stand out as a great option for those seeking to build or rebuild their credit.


  • Qualify with limited/bad credit

  • Reports to the three major credit bureaus

  • Earns rewards

  • No minimum redemption amount

  • Rewards don't expire

  • No annual fee


  • High APR

  • No new cardholder bonus offer

  • No bonus categories

Jump to: Detailed review
Capital One Quicksilver Secured Cash Rewards Credit Card
Annual fee
Regular APR
30.74% Variable APR
Intro APR
Rec. credit score
300-629 (Poor)
Apply now

on Capital One's website

  • Annual fee


  • Rewards rate


  • Bonus offer


  • Intro APR


  • Ongoing APR

    APR: 30.74% Variable APR

    Cash Advance APR: 30.74%, Variable

  • Balance transfer fee

    $0 at the Transfer APR, 3% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you

  • Foreign transaction fee


More details from Capital One
  • No annual or hidden fees, and you can earn unlimited 1.5% cash back on every purchase, every day. See if you're approved in seconds
  • Put down a refundable $200 security deposit to get a $200 initial credit line
  • Building your credit? Using a card like this responsibly could help
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024

Compare to Other Cards

NerdWallet rating 
NerdWallet rating 
Annual fee


Annual fee


Regular APR

30.74% Variable APR

Regular APR

28.24% Variable APR

Intro APR


Intro APR

10.99% intro APR on Balance Transfers for 6 months

Recommended Credit Score
Recommended Credit Score
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Detailed review: Capital One Quicksilver Secured Cash Rewards Credit Card

The Capital One Quicksilver Secured Cash Rewards Credit Card — the secured version of the Capital One Quicksilver Cash Rewards Credit Card — is a competitive and rewarding option for those with poor or limited credit.

The $0-annual-fee card requires a refundable security deposit of at least $200 and earns rewards — the latter of which makes it stand out from other secured credit cards (see rates and fees). And because the card reports to all three major credit bureaus and offers a chance to graduate to an unsecured product, it can act as a steppingstone to a regular credit card.

Capital One Quicksilver Secured Cash Rewards Credit Card: Basics

Card type: Secured.

Annual fee: $0.

Security deposit: A minimum refundable deposit of $200 is required. Your deposit will determine your credit line. Cardholders can deposit more to increase their credit line — up to a range of $1,000 to $3,000, within 35 days of being approved and before card activation.

Sign-up bonus: None.

Rewards: Unlimited 1.5% cash back on most purchases, plus 5% back on hotel and rental car purchases through Capital One Travel.

Interest rate: The ongoing APR is 30.74% Variable APR.

Balance transfer fee: None. (3% for any promotional APRs offered.)

Foreign transaction fee: None.

Other benefits:

  • Payments are reported to all three major credit bureaus: TransUnion, Equifax and Experian.

  • Capital One offers a free credit monitoring tool called CreditWise that can help account holders keep track of their credit scores.

Benefits and perks


With the Capital One Quicksilver Secured Cash Rewards Credit Card, you’ll earn 5% cash back on hotel and rental car purchases through Capital One Travel and an unlimited 1.5% cash back on all other purchases, which is a rarity among other secured credit cards. A rewards program is not paramount when it comes to building credit with a secured card — using your card responsibly should be your main focus. But the ability to earn rewards while also building up your credit is an appealing offer.

Cash back earned with the card can be redeemed, at any time and at any amount, for a variety of options including reimbursement for purchases, statement credit, payments through PayPal, Amazon purchases and gift cards.

An opportunity to upgrade

With responsible cardholding habits that positively impact your credit score, such as consistent on-time payments, holders of the Capital One Quicksilver Secured Cash Rewards Credit Card can graduate to an unsecured rewards-earning Quicksilver card from the issuer like the Capital One Quicksilver Cash Rewards Credit Card. Once you’ve upgraded to a regular card, you’ll get your initial deposit back and all other card features will remain the same.

A potential credit limit increase

Holders of the Capital One Quicksilver Secured Cash Rewards Credit Card will be considered for an automatic credit line increase after at least six months of having the card. A credit line increase will be determined by your payment history as well as your creditworthiness. There’s a maximum credit limit range of $1,000 to $3,000, which will also be based on your credit score and history.

A higher credit line can potentially positively impact your credit score, by lowering your credit utilization ratio, or how much of your available credit you use. It’s advisable that you do not use more than 30% of your available credit.

Fewer fees

The card doesn’t charge a yearly fee to carry it, which isn't always the case with secured credit cards. Not having to pay an annual fee can make it easier to focus on making payments on time and building up your credit.

The card doesn't charge a foreign transaction fee either, which means it can be a good option to take abroad.

Drawbacks and considerations

More accessible options exist

The card’s $200 minimum deposit is on par with what most secured cards require. But pulling together the cash for an upfront deposit that high may prove difficult for some. There are secured cards that offer more flexible deposit options.

For example, with the $0-annual-fee Capital One Platinum Secured Credit Card — another secured card from the issuer — you may be able to put down a lower initial deposit of $49 or $99 for a $200 credit line (see rates and fees). This makes the card accessible to those who may be unable to pay a large sum upfront. However, the card doesn't earn rewards like the Capital One Quicksilver Secured Cash Rewards Credit Card does.

With both Capital One credit cards, you'll need a bank account to pay your bill. If this is a problem, OpenSky® Secured Visa® Credit Card allows you to pay your bill with a money order or Western Union payment. The OpenSky® Secured Visa® Credit Card does require a security deposit and has a $35 annual fee, but it's otherwise light on fees and doesn't require a credit check.

A high APR

Like most secured cards, the Capital One Quicksilver Secured Cash Rewards Credit Card charges a high interest rate. The ongoing APR is 30.74% Variable APR (see rates and fees).

However, it’s important to note that you won’t be charged any interest if you make your card payments on time and pay in full every billing cycle.

Alternate Pick: No security deposit
Petal® 2 "Cash Back, No Fees" Visa® Credit Card
No security deposit and credit check not always required

The $0-annual-fee card doesn't require an upfront security deposit nor does it always rely solely on credit scores when determining eligibility. It can use a non-traditional underwriting model that evaluates things like income, expenses, savings and debts. Plus, it earns up to 1.5% cash back on all purchases.

NerdWallet rating 
Read our review

How to decide if it's right for you

If you have limited credit, this card is a good deal. It comes with key features for secured cards — complete credit reporting, an upgrade path and an automatic credit limit review. Plus, you can earn rewards with the card while building up your credit, which is not a usual benefit among other secured products.

However, if the $200 minimum required deposit poses a challenge, there are alternative and more flexible card options that may be more accessible.

For more card options, see our list of best credit cards.

on Capital One's website


NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits and perks. Qualitative factors are those that affect how easy or difficult it is for a typical cardholder to get good value from the card. They include such things as the ease of application, simplicity of the rewards structure, the likelihood of using certain features, and whether a card is well-suited to everyday use or is best reserved for specific purchases. Our star ratings serve as a general gauge of how each card compares with others in its class, but star ratings are intended to be just one consideration when a consumer is choosing a credit card. Learn how NerdWallet rates credit cards.