Top perks
The Capital One Quicksilver Secured Cash Rewards Credit Card includes the following perks.
No annual fee
There is no annual fee to use this credit card. Not all secured credit cards come without an annual fee. This is an excellent perk for cardmembers who are low on funds and just beginning to establish credit.
Unlimited 1.5% cash back
This card earns an unlimited 1.5% cash back on purchases. Not all secured credit cards earn rewards, so this card offers an excellent way to earn rewards while building credit. The fact that this secured card earns rewards with no annual fee is another notable perk.
Read more: Best Cash Back Credit Cards
Earn 5% on eligible travel purchases booked through Capital One Travel
While this card earns an unlimited 1.5% cash back on everyday purchases, there are other ways to earn rewards when using the Capital One Quicksilver Secured Cash Rewards Credit Card.
When booking hotels and rentals cars through the Capital One Travel portal, you'll earn 5% cash back. You must pay with your Capital One Quicksilver Secured Cash Rewards Credit Card. Before booking travel reservations with your card, review your total credit limit.
Easy rewards with no rotating categories
This rewards card has no earning categories and no rotating categories. Instead, cardmembers earn at a rate of 1.5% for purchases. With no categories to keep track of, users can spend as they normally would while earning cash back rewards. Some cards have rotating categories, which can be confusing. Plus, there's no need to opt in to earn rewards. Instead, rewards are earned automatically.
No foreign transaction fees
The Capital One Quicksilver Secured Cash Rewards Credit Card doesn't charge foreign transaction fees. If you plan to use this credit card while traveling internationally, you won't have to worry about these fees. Some credit cards charge foreign transaction fees for purchases made abroad. Typically, these fees are 3%, which can add up fast. Using a credit card without foreign transaction fees can save you money.
Cardmembers can use CreditWise from Capital One at no extra cost. This credit monitoring service can help you monitor your credit activity. This free service won't impact your credit score, and can be a great tool to use as you build your credit.
Be considered for a credit limit increase in as little as six months
With this card, you will automatically be considered for a credit limit increase in as little as six months. If Capital One decides to increase your limit, you won't be required to pay an additional security deposit.
Potential to receive your security deposit back as a statement credit
You have the potential to get your security deposit back as a statement credit with this card. How to increase your chances? Pay your credit bill in full and on time each month.