Capital One unveiled the Quicksilver Secured Cash Rewards credit card, a new way for consumers with bad to just…
The card does not charge annual fees or overseas transaction fees, and cardholders earn 1.5% cash back on all purchases. However, the interest rate on this card is 26.99% (variable), so it is especially important to use it wisely.
[Read: Best Secured Credit Cards.]
What are some of the advantages of the card?
The Quicksilver Secured Cash Rewards credit card is a secure card, which means you need to back up the card with a cash deposit that you can lose if you default on payment.
With this card, you will need to deposit a refundable security deposit of at least $ 200. With a deposit of $ 200, you will get an initial line of credit of $ 200. Capital One can automatically consider you for a higher line of credit in just six months, and you won’t be required to make an additional deposit if your line of credit grows.
[Read: Best Starter Credit Cards.]
Plus, the Quicksilver Secured Cash Rewards credit card earns 1.5% cash back on all purchases – there are no limits or rotating categories.
Other benefits of this card include:
– $ 0 liability for fraud, which means you will not be liable for unauthorized charges.
– No transaction fees abroad.
[Read: Best Student Credit Cards.]
Should you get the Quicksilver Secured Cash Rewards credit card?
If your credit is limited or your credit rating is low due to financial errors, a secured card can be a great way to improve your creditworthiness. As you use your card and make payments on time, your score should increase over time.
Quicksilver Secured Cash Rewards credit card is a great option among secured cards because you get cash back on every purchase. You can also consider the Discover the secure credit card if you are looking to make money.
However, it is important to use this card wisely. The variable interest rate of 26.99% can be expensive if you keep a balance from month to month, and there is a cash advance fee of $ 10 or 3% of the advance, whichever is greater.
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Capital One launches Quicksilver Secured Cash Rewards credit card originally appeared on usnews.com