Syd Jones, World Traveler
@syd.jones
You can get your Capital One Secured credit card deposit refund in two ways:
First, once your credit has improved and you’re ready to move on from your secured card, you can close the account and your full deposit will be returned to you.
The second scenario is when Capital One feels as though your credit situation has improved and you are ready for an unsecured product. They may automatically upgrade your card to the Platinum and refund your deposit.

Secured Mastercard® from Capital One
ELIJAH NASH, Annuity Wholesaler
@EliEliO
To get a Capital One Secured card security deposit refund, you will need to pay the balance in full when closing the account. Capital One Secured card deposit refunds may take up to 60 days to process. If you have an unpaid balance or owe any fees, Capital One will deduct the amount owed from your deposit refund.
Capital One may also refund a secured card deposit if the card graduates to an unsecured card. But in this case, your deposit refund will be credited directly to the unsecured card account.

Jason
@jasonr33
Why 60 days? They told me asap.. they could see my account that's it paid off.. so why 60 days
Erin Jarboe, Member
@erinj
Capital One may increase your credit limit after you make your first 5 payments on time. If you continue to pay on time and keep your account in good standing, Capital One may also refund your deposit and automatically upgrade you to an unsecured card. The deposit is refunded to you in the form of a credit on your account though.

Felipe
@felipem_7
My wife has had card for almost 2 years....never missed a payment...they keep sending offers for quicksilver...but won't refund the secured card...
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