Capital One has launched a Capital One secured Quicksilver card. Consumers with little to no history can apply for and be approved for this card by putting down a refundable security deposit starting at $200. The card comes with the following features:
- Security deposit as low as $200 (the security deposit is equal to the credit limit on the card)
- No annual fee
- Card earns 1.5% cash back on all purchases
It’s interesting to see more and more cardholders increase and improve their offerings in the secured card market. U.S. Bank launched Cash+ & Altitude cards.