How much is the Capital One Platinum Secured card annual fee? This question is about the Capital One Platinum Secured Credit Card

How much is the Capital One Platinum Secured card annual fee?

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This question is about the Capital One Platinum Secured Credit Card

Joseph Bulebush, WalletHub Analyst

@joeybule • 09/10/21 This answer was first published on 05/28/20 and it was last updated on 09/10/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Capital One Platinum Secured annual fee is $0 per year. Capital One Platinum Secured’s $0 annual fee is lower the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Capital One Platinum Secured Credit Card card, though.

Capital One Platinum Secured Fees

Annual Fee: $0
Cash Advance Fee: 3% (min $3)
Foreign Fee: $0
Max Late Fee: $40

Capital One Platinum Secured requires a refundable security deposit of $49, $99 or $200, depending on the specifics of your credit. And the card offers a $200 initial credit line.

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How do I increase my credit limit with the Capital One secured card?

There are two ways to increase your Capital One secured card's credit limit: deposit more money than required when you open the account or pay your bill on time and hope you get an automatic credit limit increase. If you make on-time payments for the first six months, you will be considered for a higher credit limit on your Capital One secured card.

Ways to Increase Your Capital One Secured Card Limit

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Can you convert the Capital One Platinum Secured Card to unsecured?

You cannot ask for a Capital One secured to unsecured graduation, but graduation is definitely possible. The first option when it comes to graduating is the Capital One Platinum, which is a reasonable no-annual fee credit card.

So hang in there, and keep making those payments!

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