How do I get a Capital One secured card deposit refund?

This question is about the Capital One® Secured Mastercard®

Syd Jones, World Traveler

@syd.jones08/23/18

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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.

Erin Jarboe, Member

@erinj08/19/18

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Capital One will increase your credit limit after you pay your 5th billing statement. If you continue to pay on time and keep your account in good standing, they will then refund your deposit and move you to an unsecured card after your 11th billing statement is paid.
The deposit is refunded to you in the form of a credit on your account, however.

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