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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