Is Capital One Quicksilver a unsecured credit card? (2024)

FAQs

Is the Capital One Quicksilver unsecured? ›

Once your credit has improved through responsible card use, you can upgrade to an unsecured Capital One Quicksilver Cash Rewards Credit Card and receive your security deposit back.

What is the Capital One Quicksilver credit limit? The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history, which are evaluated once you apply for the card. According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000.

Some of the easiest unsecured cards to get approved for are the Indigo® Mastercard®, Mission Lane Visa® Credit Card and Milestone® Mastercard®.

You also can prequalify for the Capital One QuicksilverOne card on Capital One's pre-qualification page, which will not affect your credit score as it will only result in a soft pull. However, if you do prequalify and want to get the card, you will need to submit an actual application which will result in a hard pull.

With the Discover it^® Secured Credit Card, you can upgrade to an unsecured card after six consecutive on-time payments and six months of good status on all of your credit accounts.

Most unsecured credit cards require credit in the good to excellent range (670-850). This range is where you'll become eligible for many different kinds of rewards and 0 percent intro APR cards. You can also find some cards that will accept a score in the fair to good range (580-669).

According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000. However, Capital One does not list a minimum or maximum credit limit in the card's terms and conditions. If you want to aim for a higher credit limit, there are a number of areas you should focus on improving.

Where accessibility is concerned, the Capital One Platinum Credit Card beats the Capital One Quicksilver Cash Rewards Credit Card. Those who have fair or average credit cannot qualify for the Quicksilver, which requires at least good credit. For that consumer cohort, the Platinum wins over the Quicksilver by default.

While you may qualify for the Capital One Quicksilver Cash Rewards Credit Card with good credit, you'll need excellent credit to gain access to all this card's perks. Those with good credit won't qualify for its welcome offer or introductory APR.

The Petal® 2 “Cash Back, No Fees” Visa® Credit Card is open to applicants with no credit history, including those without a social security number. Instead of requiring a credit score, your banking activity and other financial data can determine your eligibility for the card.

What credit card has a $2000 limit for bad credit? ›

First Latitude Select Mastercard® Secured Credit Card

Past credit issues shouldn't prevent you from getting a credit card with great benefits & rewards! Choose your own fully-refundable credit line – $200 to $2000 – based on your security deposit.

There's no magic amount of credit that a person “should” have. Take as much credit as you're offered, try to keep your credit usage below 30 percent of your available credit and pay off your balances regularly.

Bottom Line. If you have excellent credit, the Capital One Quicksilver Cash Rewards Credit Card is the clear winner here. It's the same as the Capital One QuicksilverOne Cash Rewards Credit Card but with no annual fee (rates & fees), a welcome bonus and better benefits.

If you can get approved for both, the Capital One Quicksilver card is better than the Platinum card. The Quicksilver card will give you a welcome bonus, 0% APR for the first 15 months and 1.5% cash back. The Platinum card offers no rewards or bonuses, but it also comes with no annual fee.

Capital One Quicksilver FAQ

Quicksilver vs. QuicksilverOne: What's the difference? While you'll typically need excellent credit to get approved for a Quicksilver card, QuicksilverOne is available for people with fair credit. You'll still earn unlimited 1.5% cash back on every purchase but there's a higher APR.

The Capital One Platinum Credit Card* is a basic credit card with which you can build credit, but you won't earn rewards. It's an unsecured credit card, meaning you won't have to put down a security deposit to open an account, and it's designed for individuals with fair, average or limited credit.

Capital One offers secured cards with credit limits that are higher than the initial deposit. Depending on the applicant's credit history, Capital One may extend a credit line of $200 with a $49 or $99 security deposit. You can also raise your initial credit line by depositing more than the minimum.

The Capital One Quicksilver Cash Rewards Credit Card is a simple cash-back credit card that offers 1.5% Cash Back on every purchase, every day. Plus, new cardholders can earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

Capital One Quicksilver Secured Cash Rewards Credit Card review: Low-risk, high-reward for building credit. This straightforward, secured cash back card helps rebuild credit, but comes at a cost.