How can I add money to a Capital One Platinum Secured Card?

You can pay your Capital One Platinum Secured card deposit online or by contacting Capital One customer service. Please note that security deposits can either come from a checking or savings account. Capital One does not accept mailed checks, money orders, or cashier's checks.

The deposit is due 35 days from the time your application is approved, and can be paid in installments of at least $20. Once the required security deposit is fully funded, you will receive your Capital One Platinum Secured card in 2 to 3 weeks (deposits can take 7 to 10 business days to process).… read full answer

Here is how to pay your Capital One Platinum Secured card security deposit online:

1. Visit the Capital One Platinum Secured dedicated web page.
2. Complete the fields on the "Welcome" page and click the "Make a Deposit" button.
3. Once your information is validated, you will be directed to the "Make a Deposit" page, where you can view your deposit history, and if eligible, make new deposits.
4. If eligible, select the amount you would like to deposit ($20 minimum per transaction) and the type of bank account from which you wish to withdraw funds. Then, click "Next".
5. Enter your bank account information, including the bank routing number and account number, and click "Next".
6. Enter your billing information, including your name, address, and zip code you use for your bank account. Click "Next".
7. Review the terms and click the "Agree" button.
8. Review the deposit summary page and click "Submit". A confirmation page will confirm your submission and provide you with a confirmation number, which you should keep for your records.

Capital One Platinum Secured is considered a partially secured card, as its card credit limit starts at $200, and may be larger than the security deposit. You will need to fund a minimum security deposit of $49, $99 or $200 (depending on the specifics of your credit) in exchange for the $200 credit limit.

Yes, you can be denied for a secured card if you have major negative items on your credit report such as an ongoing or recently discharged bankruptcy, collection accounts, or repossessions. You could also be denied if you don’t meet the issuer’s minimum requirements for approval. Those requirements typically include being at least 18 years old with a physical U.S. address, a Social Security number, and the ability to make payments on the account every month, among others.… read full answer

Other common reasons you’d be denied for a secured card might be incomplete or inaccurate information on your application, not enough funds to cover the required security deposit, or delinquencies on other payment obligations. If you are denied for a secured credit card, consider applying for one of our editors’ picks for the best no credit check credit cards, which are easier to get approved for than normal secured cards. You can also sign up for a WalletHub account and get free personalized credit analysis and advice on how to improve your credit score.