Capital One Quicksilver Secured Cash Rewards

Quick Snapshot

• Annual Fee: $0
• APR: 30.74% variable
• Rewards: Unlimited 1.5% cash back on every purchase
• Bonus: None
• Best For: People building or rebuilding credit who want to earn cash back rewards while establishing their credit history
• Credit Needed: Bad to Fair (300+)

Overview

The Capital One Quicksilver Secured Cash Rewards card is one of the rare secured cards that actually earns meaningful rewards. While most secured cards offer no rewards at all, the Quicksilver Secured delivers unlimited 1.5% cash back on every purchase, matching the earning rate of the unsecured Quicksilver card. Combined with no annual fee and reporting to all three credit bureaus, it is the best secured card for people who want to build credit and earn rewards simultaneously.

The card requires a refundable security deposit starting at $200, which determines your initial credit line. Capital One automatically reviews your account for credit line increases and potential upgrade to an unsecured card with responsible use. Your deposit is returned when you close the account in good standing or when Capital One upgrades your card.

The 1.5% cash back rate on every purchase means you are earning real value from day one instead of simply using a credit card as a credit-building tool with no upside. For someone putting $500 per month on the card and paying it off, that is $90 in annual cash back. It may not sound like much, but for someone in the credit-building phase, it is significantly better than earning nothing on a rewards-free secured card.

APR Breakdown

• Purchase APR: 30.74% variable
• Balance Transfer APR: 30.74% variable
• Cash Advance APR: 29.99% variable
• Penalty APR: None

Note: Your APR will be 30.74% variable based on the Prime Rate. This card does not offer a 0% introductory APR.

Benefits Overview

Cash Back Rewards

• Unlimited 1.5% cash back on every purchase
• No categories to track or activate
• Cash back never expires
• No minimum redemption amount

Credit Building

• Reports to all three major credit bureaus monthly
• Refundable security deposit starting at $200
• Automatic credit line reviews for potential increases
• Possible upgrade path to an unsecured Capital One card

No-Fee Benefits

• No annual fee
• No penalty APR
• CreditWise free credit score monitoring
• $0 fraud liability
• Virtual card numbers for online shopping

Rewards & Points

• 1.5% unlimited cash back on every purchase

Cash back can be redeemed as a statement credit, check, or to offset a recent purchase. There is no minimum redemption amount. This is one of the only secured cards that offers a competitive flat-rate cash back reward.

Welcome Bonus

This card does not offer a welcome bonus. The ongoing 1.5% cash back on every purchase provides consistent value from the first statement, which is unusual for a secured credit card.

Fees Summary

• Annual Fee: $0
• Security Deposit: $200 minimum (refundable)
• Balance Transfer Fee: 3% for promotional, 4% for non-promotional
• Cash Advance Fee: Either $10 or 5% of the amount, whichever is greater
• Foreign Transaction Fee: 3%
• Late Payment Fee: Up to $40
• Returned Payment Fee: Up to $40

Who This Card Is Best For

Ideal For

• Credit builders who want rewards who do not want to give up cash back just because they need a secured card
• Credit rebuilders recovering from financial setbacks who want to earn while they rebuild
• Upgrade seekers who want a path from secured card to unsecured Quicksilver
• Simplicity seekers who want flat-rate rewards with no category management

Not Good For

• Deposit-averse applicants who do not want to tie up $200+ in a security deposit
• Good credit holders who qualify for the unsecured Quicksilver with a $200 bonus
• Balance carriers who would face the high 30.74% APR on balances

Key Pros & Cons

Pros

• Unlimited 1.5% cash back is exceptional for a secured card
• No annual fee
• Reports to all three major credit bureaus
• $200 minimum deposit is accessible
• Refundable deposit returned on account closure or upgrade
• No penalty APR for late payments
• CreditWise free credit monitoring
• Automatic credit line reviews without additional deposits
• Cash back never expires and no minimum to redeem
• Potential upgrade path to unsecured Quicksilver

Cons

• No welcome bonus
• Requires a refundable security deposit
• High 30.74% variable APR
• 3% foreign transaction fee
• Low initial credit limit tied to deposit amount
• No introductory 0% APR period
• No travel or premium purchase protections
• Credit limit growth may be slow in the first 6 months

Alternatives to Consider

Card	Best For	Annual Fee	Rewards	Credit Needed
Discover it® Secured	2% gas/dining with Cashback Match in year one	$0	2%/1%	Building
Capital One Platinum Secured	No-rewards secured card if you want the lowest complexity	$0	None	Building
Capital One Quicksilver Cash Rewards	Same 1.5% with $200 bonus (good credit)	$0	1.5%	Good+

How the Rewards Add Up

Example Annual Value

Category	Annual Spend	Reward Rate	Earned	Value
All Purchases	$6,000	1.5%	$90	$90

Annual value: $90 in cash back on $6,000 of spending. While modest, this is $90 more than you would earn on a no-rewards secured card. Plus the credit-building benefit opens the door to rewards cards worth $300-$500+ annually.

Should You Get This Card?

You Should Get It If...

• You need a secured card but still want to earn cash back rewards
• You have bad or limited credit and want to start building responsibly
• You can afford a $200 refundable security deposit
• You want a no-annual-fee secured card from a major bank
• You prefer simple flat-rate rewards with no categories to manage
• You want the option to eventually upgrade to the unsecured Quicksilver

You Should Skip It If...

• You have good credit and qualify for the unsecured Quicksilver
• You cannot afford the minimum $200 security deposit
• You prefer category-based rewards like Discover it Secured's 2% on gas and dining
• You plan to carry a balance and would face 30.74% APR
• You travel internationally and need no foreign transaction fees

Apply Now

Apply for Capital One Quicksilver Secured Cash Rewards

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Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.