Why We Like It: The Capital One Quicksilver Secured Cash Rewards Credit Card is the best Capital One credit card for bad credit because it has a $0 annual fee and gives 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, and 1.5% cash back on all other purchases. What We Don’t Like: The card has a high APR, and you need to place a $200+ security deposit. Plus, your spending limit equals the amount of the deposit. Who Should Get It: You should apply for the Capital One Quicksilver Secured if you want to earn rewards on purchases while building credit.