Compare it to the Discover it® Secured Credit Card
The Discover it® Secured Credit Card is a great alternative to the Capital One QuicksilverOne Cash Rewards Credit Card. It’s targeted at those with poor/limited credit scores, so the eligibility requirements aren’t out of reach.
You will have to put down a security deposit of at least $200 to open the card, but it comes with a $0 annual fee. Plus, at seven months Discover will begin reviewing your account to upgrade you to an unsecured card. If you make your payments on time, you could possibly score an unsecured Discover card by the end of the year, without an ongoing annual fee.
The Discover it® Secured Credit Card offers a solid rewards program where you earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically.
For new cardholders, Discover will match all the cash back you’ve earned at the end of your first year. This makes it a definite winner in the first year.
Compare it to the OpenSky® Secured Visa® Credit Card card
If your credit history is damaged and you’re worried about being turned down for the Capital One QuicksilverOne Cash Rewards Credit Card, you should check out the OpenSky® Secured Visa® Credit Card. It’s an affordable alternative that doesn’t require a credit check to get approved.
You’ll have to pay a $200 deposit, as well as a $35 annual fee, but these are very reasonable fees for a card that doesn’t require a credit check. It also has a lower-than-average APR, which means carrying a balance won’t hurt as much with this card. Plus, you can gain eligibility for an unsecured card in as little as six months and have your deposit refunded.