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*Card ratings are based on the opinion of TPG’s editors and are not influenced by the card issuer.

Just because your credit score isn’t outstanding doesn’t mean you’re completely barred from applying for a credit card. A secured credit card is a great option that helps you build or improve your credit through a slightly different approach.

Instead of a traditional line of credit, you have to put down a fully refundable cash deposit that determines your credit limit. From there, a secured credit card will work just like a traditional credit card — but with a much simpler approval process.

Capital One Quiksilver Secured is one of the best – if not the best – secured card options on the market. There is no annual fee and a minimum $200 cash security deposit is required (see Rates and Fees). But perhaps the best part of this card is the ability to earn 1.5% cashback on all purchases, which is an amazing earning rate even when considering traditional credit cards.

Let’s take a look at all the details.

Capital One Quicksilver Secured Pros and Cons

• No Foreign Transaction Fee: While traveling abroad and paying with your Quiksilver Secured, you will not be charged any foreign transaction fees.
• Automated Credit Line Reviews: Based on your payment history and creditworthiness, you can automatically receive a credit line bump — without putting down as much as a security deposit.
• Monitor Credit Score: By using Capital One’s CreditWise feature, you can check your credit score for free without damaging your score.
• Access to digital features: You can apply flexible payment dates and autopay to ensure you pay your statements on time.
• No Annual Fee: All these great benefits without any annual fee.

Remember that you must put down at least $200 as your security deposit (which also determines your credit line), so the more you put down, the more credit you’ll have access to.

If you need a larger credit line, you can place an additional deposit within 35 days of being approved and activating your card. You can increase your initial credit line up to your maximum limit — which is assigned upon card approval — and can range from $1,000 to $3,000, depending on your creditworthiness.

Finally, you may be able to “graduate” to the Capital One Quiksilver Cash Rewards Credit Card — the unsecured version — by using the card responsibly. That means you will get your security deposit back, but all other card terms and features will remain the same.

Earn rewards with Capital One Quiksilver Secured

With this card, you’ll earn 1.5% straight back on all purchases, with no limit on how much you can earn.

That’s a decent earning rate, although you won’t be enjoying any of the bonus categories.

• If you want to earn bonus rewards while building credit: The Discover It Secured Credit Card earns 2% cash back at gas stations and restaurants (up to $1,000 in combined purchases per quarter) and unlimited 1% cash back on all other purchases.
• If you already have a good credit score: The Citi Double Cash® Card (See Rates and Fees) Earn unlimited 2% cash back on all purchases (1% when you buy and 1% when you pay). Its simplicity makes it one of our favorite starter rewards cards. For more details, see our full review of Citi Double Cash.

Information for the Discover It Secured Credit Card has been independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

For additional options, check out our lists of the best secured credit cards and the best starter credit cards.

Related: How to earn points and miles with fair to poor credit

Is Capital One Quiksilver Safe Worth It?

Bottom line

Although there’s no welcome bonus (unusual for secured cards in the first place), a 1.5% rewards rate, no foreign transaction fees and no annual fees make this card a viable option for those who need a clean break or somewhere in between. Need to start. .

It is an excellent secured credit card that can get you back on the road to creditworthiness.