Capital One Quicksilver Secured Mastercard

The Capital One Quicksilver Secured Mastercard is a secured credit card that helps you establish or rebuild your credit. With no annual fee and the potential to graduate to an unsecured card, it’s a solid option if you’re looking to strengthen your credit profile.

Many credit cards require good or excellent credit for approval, making it difficult to qualify if you have little or no credit history. Secured credit cards can provide a solution when your options are limited.

A secured card works differently compared to a traditional unsecured card. With a secured card, you make an upfront security deposit that usually becomes your credit limit. This deposit helps mitigate the risk for the card issuer since your credit line is backed by your own funds. Making on-time payments can help demonstrate you can responsibly manage credit, an important factor in credit scoring models.

The Capital One Quicksilver Secured Mastercard doesn’t charge an annual fee and offers the opportunity to graduate to an unsecured Quicksilver card.

Features are:

Upfront Security Deposit
No Annual Fee
Earn Unlimited Cash Back
Credit Limit Increases
0% Intro APR on Purchases
Credit Building and Protection
Auto-Reporting to Credit Bureaus
No Foreign Transaction Fees
$0 Fraud Liability
24/7 Travel and Emergency Assistance

How to Qualify for the Card

Since the Quicksilver Secured card is designed for those with little or no credit history, approval requirements are relatively accessible. Here are some key eligibility details:

No credit history: You can qualify with no credit history. The card provides an opportunity to establish a profile.
Limited credit history: Those with short credit histories may also qualify. Exact scoring cutoffs are not publicly available.
Poor credit scores: The card is available to those with poor credit, including scores below 600. It provides a way to rebuild credit.
Bankruptcy and late payments: The issuer may approve applicants with bankruptcies or late payments on their records. Timeliness of payments helps.
High debt levels: You may qualify with high revolving utilization rates or balances. Making your deposit shows commitment.
No Social Security number required: The card doesn’t require an SSN, helping eligible non-citizens or those with ITINs apply.

How to Apply for Capital One Quicksilver

Applying for the Quicksilver Secured card is straightforward. You can submit an application online in minutes.

Visit the Capital One website
Provide personal and financial information
Input your requested credit limit which becomes the security deposit
Accept card terms and conditions
Submit application for review

An decision typically arrives within 60 seconds. If approved, you’ll then make your security deposit payment within a provided timeframe

Tips to Activate Your Quicksilver Card

Once approved, you’ll receive your Quicksilver Secured card by mail within 7-10 business days. Activating your card is an important next step:

Call or use the Capital One mobile app
Provide personal ID details for verification
Your card becomes active immediately
You can now start using your new account

Activating right away lets you begin earning cash back rewards on purchases. It also enables setting up payments or enrolling in autopay.

Managing Your Online Account: A Step-by-Step Guide

Capital One offers robust online account management features through your desktop browser or mobile app:

Pay your bill – Review statements, schedule one-time/recurring payments
Set up autopay – Automate minimum or full statement balance payments
Redeem rewards – Cash in earned cash back towards purchases, accounts deposits etc.
Monitor transactions – Check real-time activity, pending charges and current balance
Increase security – Set up account alerts and customize transaction notifications

Leveraging the digital experience simplifies tasks and keeps your account organized.

Capital One Quicksilver Login Guide

If you need help accessing your Capital One account online or through the app, here are useful resources:

Reset Online Credentials

Select “Forgot User ID or Password” at login to reset and access your account

Capital One Contact Numbers

Call 1-800-655-2265 for general account support
Contact 1-800-903-3100 for Quicksilver login issues specifically

Specialized teams can provide troubleshooting assistance and reconfigure login credentials if needed to restore digital access.

How to Make Payment on Capital One Quicksilver Secured Mastercard

Below are the steps to make a payment on a Capital One Quicksilver Secured Mastercard:

Log in to your Capital One online account or Capital One mobile app. Go to the payments section.
Select the Quicksilver Secured card you want to make a payment towards. You can choose to pay the minimum amount due, statement balance, or a custom amount.
Choose how you want to pay – from a bank account, by mail, etc. If paying online, enter your bank account information and routing number.
Review the details of your payment and submit. Make note of the confirmation number.
Payments made online before a certain cut-off time (e.g. 5PM EST) will typically credit to your account the same day. Mailed payments take longer to process.
Log back into your account over the next few days to ensure the payment was credited properly and your balance updated.

Key things to note – make sure to pay at least the minimum due to avoid late fees and pay your full statement balance by the due date to avoid interest charges.

Quicksilver vs. Other Secured Cards

The Quicksilver Secured Mastercard compares very favorably to other options:

Benefits over competitors:

Unlimited 1.5% cash back on purchases
$0 annual fee
0% intro APR period
Credit limit increase opportunities

Drawbacks compared to some cards:

Interest paid on security deposits
Variable 25.24% APR after intro period

Overall, the valuable rewards, lack of annual fee, and unsecured card graduation path make the Quicksilver Secured card a standout for credit building compared to alternatives.

Conclusion

The Capital One Quicksilver Secured Mastercard provides a path forward. With credit approval that’s attainable even with poor credit or no credit history, it offers the chance to construct your profile.

Valuable perks make the card particularly compelling. Earning unlimited 1.5% cash back provides inherent savings on daily purchases.

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Capital One Quicksilver Secured Mastercard | Qualify for the Card