Rated 4/5 stars by our editorial team
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4.0/5.0 from 1 Offer Rating
Over the Past 60 Days!
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Regular Purchase APR
29.74% (Variable)
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Intro Purchase APR
N/A
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Intro BT APR
N/A
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Typical Credit Needed
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Annual Fee
$0
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Card Brand
Mastercard®
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
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
Expert Reviews
From the LendingTree.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.
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 1 Reviews
Offer Rating
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+-9 users submitted a rating without a full review
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By: Jamie Lee Mueller | Oct 10, 2017
Been with capital one since Feb and I can say they are good company and good card. Didn't have the best credit but got accepted. Customer service is fast and friendly. Would strongly recommend this card
By: Marguerite | Jun 14, 2017
I needed to build up my credit score in order to get a mortgage. Capitol One gave me the opportunity to rebuild my credit score with no annual fee like most other credit card company. And the initial deposit was only $99.00 to get a $200.00 card awsome job Capitol One. I would recommend them for sure. In 3 months I will know for sure if it will help me or not. I will keep you posted on the outcome.
By: Toynua | May 31, 2017
I have been denied twice by CapitalOne and wished they would just let me deposit an introduction fee. I am in a better financial place opposed to earlier in my life. Financial institutions should look at closely how long it was since a bad report was issued on a person's credit score, i.e., 1980 to the present.
By: esabel | Oct 11, 2016
This card is supposed to be for people trying to rebuild their credit which is what I wanted to use it for. They denied me with a 575 credit score. The only reason I applied is because It said people with lower credit score than this will be approved. I was denied and now have a hard credit check on my credit report.
By: Jessi | Sep 19, 2016
I absolutely love this card & this company!!! They have been very good to me with increases when I needed them in a pinch and customer service is great!!! Definitely recommend for new credit users/rebuilding credit users!!! 5 stars all the way, you can't go wrong with this company/card!!!
By: Virginia | Aug 22, 2016
Ii think they truly care about the customers and go out of their way to help
By: Molly | Mar 2, 2016
I thought I wouldn't have any good options for a credit card since I have poor credit score, but this card is great! Helps me rebuild my credit and keep a track of it in a easy and secure manner.
By: Derek | Mar 1, 2016
Good starter card. Had this as my credit card when I was starting out. Definitely helped build my credit.
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Rewards Rate
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APRs
10.99% Intro APR for 6 months on balance transfers then 27.24% Variable APR
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Rates and Fees
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Typical Credit Needed
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Annual Fee
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Card Brand
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Highlights
- No credit score required to apply.
- No Annual Fee, earn cash back, and build your credit with responsible use.
- Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
- Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
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See additional details for Discover it® Secured Credit Card
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Rewards Rate
1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
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Credit Line
Put down a refundable $200 security deposit to get a $200 initial credit line.
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Regular Purchase APR
29.74% (Variable)
-
Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- No annual or hidden fees, and you can earn unlimited 1.5% cash back on every purchase, every day. See if you're approved in seconds
- Put down a refundable $200 security deposit to get a $200 initial credit line
- Building your credit? Using a card like this responsibly could help
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- 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
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
- Monitor your credit score with CreditWise from Capital One. It's free for everyone
- Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
See additional details for Capital One Quicksilver Secured Cash Rewards Credit Card
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Purchase APR
21.64% (variable)
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Build Credit
Build credit quickly. OpenSky reports to all 3 major credit bureaus.
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Credit Line
$200 - $3,000 Credit Line*
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Typical Credit Needed
-
Annual Fee
$35
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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
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