#Capital one quicksilver cash back upgrade#
#Capital one quicksilver cash back simulator#
#Capital one quicksilver cash back free#

With its simple rewards system, it’s also a good beginner card that will allow you to get your feet wet before you apply for a card with a more complicated cash back structure.Īt the same time, make sure you’re not giving priority to rewards over credit building. The Capital One Quicksilver Secured is an excellent option for people who want to earn cash back but might not qualify for an unsecured cash back card. When your goal is to improve your scores, such resources can offer a lot of help.

#Capital one quicksilver cash back simulator#

There’s also a credit simulator where you can see how certain actions, like opening a new card or taking out a loan, might impact your credit. Here, you can keep an eye on how your credit score is doing, what’s impacting it, and suggestions on what you can improve.

#Capital one quicksilver cash back free#

On the bright side, Capital One will provide you with resources to track your credit-building progress.Īs a Quicksilver Secured cardholder, you’ll receive access to Creditwise, a tool that offers a free VantageScore within your Capital One online account.

#Capital one quicksilver cash back upgrade#

Like most secured cards, the Quicksilver Secured is light on perks and benefits, but you’ll have those to look forward to when you upgrade to the unsecured version. That’s the same return you’d get with unsecured cards like the Bank of America® Unlimited Cash Rewards credit card or the American Express Cash Magnet® Card. For example, if you charge $500 on it per month, you’ll earn $90 in annual cash back. With the 1.5% cash back rate on all purchases, the Capital One Quicksilver Secured is a simple but rewarding cash back card. For instance, the Discover it® Secured Credit Card, our pick for Best Overall Secured Credit Card in 2022, lays out these terms on the card’s webpage.

However, there are also issuers who are open about the timeline for graduation and what exactly it takes to get there. This isn’t uncommon in the secured credit card space. There’s no information about it on the issuer’s website, and Capital One shared no general guidelines when we reached out for comment. Unfortunately, Capital One isn’t as transparent as some issuers about what makes an account eligible for graduation to unsecured status. When this happens, you’ll also get your deposit back. If you use the card responsibly, you might see your scores increase.Īdditionally, managing your card well can result in an upgrade to the unsecured version of the Quicksilver. This information will be added to your credit reports and may impact your credit scores. How this card can help your creditĪs you use your Quicksilver Secured, Capital One will report your card activity to the three major credit bureaus-Experian, TransUnion, and Equifax. Still, if you’re working on getting your credit from fair to good, the Quicksilver Secured can be an excellent choice. This may disqualify those with bad credit or no credit history from being approved for the card. The Capital One Quicksilver Secured also requires at least fair credit, or a FICO score of 580 or higher. To get the card, you need to put down a deposit of at least $200 which will become your credit line. The card’s simple rewards structure, as well as the opportunity to graduate to its popular unsecured sibling, is why we named it Buy Side from WSJ’s pick for Best Secured Credit Card for Rewards.