The Capital One Quicksilver Secured Cash Rewards Credit Card is an excellent option for individuals with fair credit looking to improve their credit score while earning cash back rewards. This card, designed for those who may not qualify for unsecured credit cards, requires a $200 security deposit but has no annual fee. Users earn unlimited 1.5% cash back on all purchases and 5% back on travel booked through Capital One. The card reports to all three major credit bureaus, making it a valuable tool for rebuilding credit. After six months of responsible use, cardholders may be eligible for a credit limit increase without an additional deposit. However, it’s essential to manage the card wisely, as it carries a high variable APR of 29.99%. While it lacks a welcome bonus and has limited rewards categories, the Quicksilver Secured card remains a strong contender for those aiming to enhance their credit profile while enjoying some rewards.
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