What credit score do you need for the Capital One Platinum Secured card?

You can apply for the Capital One Platinum Secured Credit Card either online, or over the phone at (800) 695-5500. You can also submit a Capital One Platinum Secured application at a Capital One branch.

Here’s how you can apply for the Capital One Platinum Secured:

• Online: To apply online, click on the “Apply Now” button and fill in the form with your name, address, Social Security number, and birthdate, among other personal information. Then, click “Submit Application”. ... read full answer
• Over the phone: You can also apply for the Capital One Platinum Secured by phone at (800) 695-5500. When prompted, just say that you want to apply for the Capital One Platinum Secured and you will be connected to a representative.
• At a branch: Another way to apply for the Capital One Platinum Secured is in a Capital One branch. Download the Capital One app or use the online locator tool to find the nearest one.

If you are approved, you will be given a customer number. You’ll need this number to pay the required security deposit, which you can do either online or over the phone at (800) 219-7931.

What you should know about the Capital One Platinum Secured security deposit:

• All deposits must be at least $20 per transaction, in whole dollar increments, and funded through electronic funds transfers from a bank account.
• You can make as many deposits as you need to get to the minimum deposit amount listed in your account terms – the minimum will be $49, $99 or $200, depending on your creditworthiness.
• Make sure you've made the required deposit in full within 35 days of being approved, or your application will be denied.

Once Capital One has received your required deposit, your card will be on its way. The security deposit is refundable if you close your account and pay your balance in full.

The Capital One Platinum Secured credit limit is $200, at a minimum. The minimum security deposit required to open a Capital One Platinum Secured Credit Card account is $49, $99 or $200, depending on your creditworthiness.

Keep in mind that the Capital One Platinum Secured card credit limit that you start with isn't necessarily your credit line forever. Capital One will usually allow you to increase your security deposit for a higher credit line. If you’ve used it responsibly, they may also ... read full answergraduate your Capital One Platinum Secured to an unsecured card. This could get you a higher credit limit, too.

One of the best Capital One credit cards for rebuilding credit is the Capital One Quicksilver Secured Cash Rewards Credit Card. This card offers 1.5% cash back on every purchase and has a $0 annual fee.

Some of the Best Capital One Cards for Rebuilding Credit

The Capital One Quicksilver Secured Card offers 5% cash back on hotels and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases. In addition, it requires a fully refundable security deposit of $200+. Your security deposit serves as your credit limit, too. The deposit minimizes Capital One’s risk and makes the card easy to get. The card’s annual fee is $0.... read full answer

The Capital One Platinum Secured Card is another great option. This card offers a $0 annual fee. Plus, there is a $200 starting credit limit in return for a refundable security deposit of either $49, $99 or $200, based on your credit standing. You can deposit additional funds to raise the limit by the same amount. You just have to do it before you activate the card.

How the Capital One Cards Help You Rebuild Credit

Both the Capital One Quicksilver Secured Card and the Capital One Platinum Secured Card accept people with bad credit and report to all 3 major credit bureaus (Experian, Equifax, and TransUnion) on a monthly basis. That means either card will help you rebuild your credit if you use it responsibly.

If you’re not a Capital One loyal customer, you can also check our editors’ latest picks for the best credit cards to rebuild credit on the market to weigh your options.