Capital One Quicksilver Secured Cash Rewards Credit Card

The Capital One Quicksilver Secured Cash Rewards Credit Card is one of the few secured cards whose rewards are worth mentioning: unlimited 1.5% cash back on every purchase, plus 5% back on hotels, vacation rentals, and rental cars booked through Capital One Travel. There is no annual fee and no foreign transaction fee, and the refundable security deposit starts at $200. The mechanics are standard secured card fare: your deposit establishes your credit line, the account reports to the credit bureaus, and Capital One lets you check eligibility with no impact to your credit score. The card targets applicants with limited history, no credit, or damaged credit, so it is reachable when unsecured rewards cards are not. With responsible use, including on time payments, Capital One says you can earn the deposit back and upgrade to the unsecured Quicksilver card; the deposit is also returned if you close the account with the balance paid in full. The number that demands respect is the APR: 28.99% variable as of August 2026, with no intro offer. On a card built for people repairing or establishing credit, carrying a balance at that rate undoes the point of the exercise. Treat it as a debit card that reports to the bureaus, pay in full every month, and the card costs nothing to run. Context matters in 2026: with the Discover it Secured paused for new applications since June 2, this is arguably the strongest widely available secured card, and the closest like for like replacement. Most secured competitors pay no rewards at all, so 1.5% on everything is a meaningful edge for a card in this class. Get it if you need to build or rebuild credit, can part with a $200 deposit, and will autopay the statement in full. Skip it if you can qualify for an unsecured cash back card, where your deposit stays in your pocket, or if you cannot reliably avoid revolving a balance at 28.99%. Also note there is no welcome bonus, and the deposit does not earn interest while Capital One holds it, so parking more than you need has a small opportunity cost.