With each passing day people want to have a credit card in hand to have more financial power, more advantages, a specific goal according to the user’s need.
Capital One Quicksilver Secured
No annual fees 28.49% variable APRBe it traveling with more discounts and advantages, receiving lifestyle benefits or simply having more credit limit and recovering credit score.
If you are looking for a credit card to recover your credit history, plus more financial power and receive numerous forms of benefits, such as cashbavailable, you are in the right place. Capital One Quicksilver Secured is here to offer all that and more.
Are you ready to have your own credit card with many exclusive benefits? We explain exactly how Capital One Quicksilver Secured works, its advantages, disadvantages, and why it might be useful for you. Also read how to apply and other important information.
How does Capital One Quicksilver Secured work
When you have a credit card in hand, it comes with many features that may or may not fit into the life of the card user. The Capital One Quicksilver Secured is no different, it has features that can make your life even easier and most importantly, recover your credit history. Well, in this article I will tell you all the details of how it all works.
Capital One Quicksilver Secured is the right card for those who need to recover their credit power and build solid credit power. It is issued quickly and in order to use it you need to make a $200 security deposit – that is why it is called “secured”. The annual fee is free, so it is a load off your back.
On top of all this, you get a 1.5% cashback on your purchases, a benefit that most credit cards, especially those for credit reconstruction offer. Check out more about this card below.
Main Advantages of using the Capital One Quicksilver Secured
The Capital One Quicksilver Secured is here to help you experience the best opportunities in the world of credit cards, such as good credit limits, low commissions and good payment opportunities. Check out some of the advantages of using this card:
- No annual fees
- Fast application online
- Credit limit of up to $1,000
- Ability to increase credit limit
- Get 1.5% back on every purchase
- No application or processing fees
- Free credit monitoring by CreditWise
- Reports to the three major credit bureaus
- Access credit monitoring and fraud protection
With the Capital One Quicksilver Secured in hand, you can enjoy all this and much more. The advantages of having this card are practical, especially if you need to regain your credit power and have a better credit score.
Disadvantages of the Capital One Quicksilver Secured
After knowing more about the Capital One Quicksilver Secured, knowing how it works and what are its positive points, it is good to recognize that it is not perfect. Therefore, it is worth checking its negative sides, so that you have a complete and broad view to decide on your choice.
One of the main negative points is that it requires a $200 deposit to start releasing your credit, which for many people is unnecessary, or even that the amount could be lower. Also, the APR on this card is quite high, as high as 28.49%.
Finally, your limit can only be increased after 6 months of use on your card, preventing this limit increase from coming sooner than expected. But, If you think this is the right credit card for you, there is an easy way to apply through the Capital One Quicksilver Secured
How to Apply
After thoroughly analyzing how this amazing credit card works, the positives and its requirements, it is time to make the decision and apply for it.
To get the Capital One Quicksilver Secured, you can apply for it on the credit card’s own website and fill out the forms. Approval doesn’t take long, and you will soon receive a notification of approval or denial.
Conclusion
The Capital One Quicksilver Secured Credit Card is an excellent choice for individuals looking to rebuild their credit while enjoying benefits such as cashback rewards, no annual fees, and robust credit monitoring. Despite its high APR and initial security deposit requirement, the card offers a valuable opportunity to improve your financial standing and credit score.
Ready to take control of your credit and enjoy the perks of the Capital One Quicksilver Secured Credit Card? Apply today and start your journey towards better financial health.
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