Do I need to have a checking account to get the Capital One Secured? This question is about the Capital One Platinum Secured Credit Card

Do I need to have a checking account to get the Capital One Secured?

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This question is about the Capital One Platinum Secured Credit Card

Jeff Lynch, Member

@jeff_lynch • 02/17/21 This answer was first published on 02/17/21. 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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Yes, you need to have a checking account to get the Capital One Platinum Secured card. That's because the card's refundable security deposit will be deducted from your checking account.

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nonubusines, Member

@nonubusines • 05/27/19 This answer was first published on 11/29/18 and it was last updated on 05/27/19.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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Yes, you need a checking account. No other form of payment for the deposit is accepted. This what their FAQ weg[age says " If you are approved, you will be given a customer number, which is your unique identifier that you’ll need to include when you pay a required security deposit online or over the phone. All deposits must be at least $20 and in whole dollar increments and funded through an electronic funds transfer from a bank account—cash, checks, and other money transfer methods are not accepted."

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