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3.9/5.0 from 9 Offer Ratings
Over the Past 60 Days!
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CompareCards was one of three sites that met all the criteria.
Trusted & Secure
-
Empowering over
50,000,000 card holders Since 2005
Capital One Platinum Secured Credit Card
Apply Now
Add to Compare
on Capital One's secure site
- Regular Purchase APR 29.74% (Variable)
- Intro Purchase APR N/A
- Intro BT APR N/A
- Annual Fee $0
-
Credit Needed
Poor/Limited
- Card Brand Mastercard®
Card Details
Highlights
- Click "APPLY NOW" to apply online
- No annual or hidden fees. See if you're approved in seconds
- Building your credit? Using the Capital One Platinum Secured card responsibly could help
- Put down a refundable security deposit starting at $49 to get a $200 initial credit line
- You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
- Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- Monitor your credit score with CreditWise from Capital One. It's free for everyone
- Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app
- For Capital One products listed on this page, some of the benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply
Card Fees
Foreign Transaction Fee None
Balance Transfer Fee $0 at this Transfer APR
Cash Advance Fee 3% of the amount of the cash advance, but not less than $3
Penalty APR None
Ongoing Information
Rewards Rate Non-rewards Card
Annual Fee $0
Expert Reviews
From the CompareCards.com Editorial Team
This card is meant for those who have bad credit and want a card that helps them rebuild it, while also delivering the convenience of carrying plastic instead of cash. The minimum security deposit can range from $49, $99, or $200. You can make partial payments but need to make sure you've made your full, required deposit within 35 days of being approved.
The interest rate on this card is 29.74% (Variable) and there is now no annual membership fee. For people with damaged credit though, those rates are a small price to pay for the chance to rebuild your credit. The Capital One Secured MasterCard also reports to the “big three” major credit bureaus on a regular basis. So, if you are paying your bills on time and not using more than 25% of your available credit – two strategies recommended by credit improvement experts – then that will help you in your credit building efforts.
Expert Reviews of the Capital One Platinum Secured Credit Card
- 2.5
Regular APR
- 2.5
Intro APR
- 4.0
Fees
- 2.5
Benefits
4.0/5 Overall Rating
The Bottom Line
This card now comes with no annual fee, making it one of the few secured cards without it. The Capital One Secured MasterCard is a nice alternative for someone with poor credit who wants a chance to rebuild their credit.
The Good
There is no balance transfer fee at the 29.74% (Variable) balance transfer APR, and you can sign up for free enrollment in online tools to help you track your credit score. You can also earn opportunities for a credit line increase based on your payment history and credit worthiness.
The Not so Good
The APR is 29.74% (Variable). You also have to put forth a security deposit in order to get this card.
Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Capital One.
Consumer Reviews
Offer Rating
3.9/5.0
9 Total Ratings
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Related Card Offers
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- APRs 10.99% Intro APR for 6 months on balance transfers then 27.49% Variable APR
- Rates and Fees No annual fee, no late fee on your first late payment. No penalty APR*
- Annual Fee $0
- Credit Needed Poor/Limited
- Card Brand Discover
Highlights
- No credit score required to apply.
- No Annual Fee.
- Use your tax refund to fund your security deposit and start building your credit history. Your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
- Click through to Discover’s website to see terms and conditions.
- See Rates & Fees
See additional details for Discover it® Secured Credit Card
- Improve Your Credit Score Free Credit Bureau Reporting
- Credit Line $200 - $2,000 Credit Line*
- Regular Purchase APR 14.49% (V)
- Annual Fee $49
- Credit Needed Poor/Limited
- Card Brand Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- Earn 1% Cash Back Rewards on payments made to your First Progress Secured credit card account.
- No minimum credit history or credit score required!
- Imagine being rewarded for simply paying your bill each month.
- Accepted wherever Mastercard® is accepted, online and worldwide!
- Reports to all 3 major credit bureaus
- Manage your statements, transactions & rewards on-the-go with the First Progress Card Mobile App!
- See additional First Progress Platinum Prestige Mastercard® Secured Credit Card details
See additional details for First Progress Platinum Prestige Mastercard® Secured Credit Card
- Purchase APR 21.89% (variable)
- Build Credit Build credit quickly. OpenSky reports to all 3 major credit bureaus.
- Credit Line $200 - $3,000 Credit Line*
- Annual Fee $35
- Credit Needed Poor/Limited
- Card Brand Visa®
Highlights
- Click "APPLY NOW" to apply online
- No credit check to apply and find out instantly if you are approved.
- OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 years
- Get considered for a credit line increase after 6 months, with no additional deposit required
- You could be eligible for the OpenSky Gold Unsecured Card after as few as 6 months
- Reports to all 3 major credit bureaus monthly, unlike a prepaid or debit card
- View your FICO® Score through your OpenSky account, an easy way to stay on top of your credit
- Nearly half of OpenSky cardholders who make on-time payments improve their FICO score 30+ points in the first 3 months
- Your refundable* deposit, as low as $200, becomes your OpenSky Visa credit limit
- Easy application, apply in less than 5 minutes right from your mobile device
- Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule
- *View the cardholder agreement
See additional details for OpenSky® Secured Visa® Credit Card
