Carrey Mule, Member
@carreymule
No, Capital One Platinum is not a secured credit card. That means customers do not have to put down any collateral to receive the card. Secured credit cards require cardholders to deposit money in a bank account managed by the issuer of the card. This deposit is refundable when the cardholder closes the card. While the card is active it serves as a guarantee the issuer will get paid back for debts on the card. Since Capital One Platinum is unsecured, there’s no need to worry about this.
Capital One does have a secured credit card, though. While Capital One Platinum is best suited for people with no credit history or fair credit, the Capital One Platinum Secured Credit Card is the ideal choice for people with bad credit. Since it requires collateral, it’s easy to qualify for. In addition, Capital One Platinum Secured is unique in that even though the minimum deposit can be $49, $99 or $200, depending on your creditworthiness, every cardholder is guaranteed at least a $200 starting limit.

Capital One Platinum Credit Card
Topaz, Member
@topazw
They have platinum for secured and unsecured cards.
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