Cardholders can set up Capital One Platinum Secured Credit Card automatic payments through their online account or the Capital One mobile app. Calling customer service at the number on the back of your card also is an option. Once you're enrolled, Capital One will withdraw the payment amount from your linked bank account on the scheduled date.
How to Set Up Capital One Platinum Secured Automatic Payments:
Log in to your online account via the Capital One website or mobile app.
Find the "I Want To..." on the account home page and then select "Setup Autopay."
Enter your bank account routing number and account number. This is the account from which Capital One will deduct your payment each month.
Select your payment amount. Choose from the minimum amount due, the current balance, the statement balance, or a customized amount that is more than the minimum payment.
You should always make sure your bank account has enough funds for the payment a few days before the due date, to be safe. And once you're enrolled in automatic payments, don't forget to review your recent transactions regularly.
To make payments online or through the Capital One app, you'll need to enroll in Capital One's online banking service, which will allow you to set a username and password. After you have your credentials and you're logged in to the app or the online banking website, select "Make a Payment," and enter the amount you'd like to pay, along with the date you want the payment to post. Make sure you have a payment account listed - such as a checking account - or your payment won't process.… read full answer
Mailed payments should have your credit card account number written on the check, and should be sent to this address for regular processing:
Capital One, Attn: Payment Processing, PO Box 71083, Charlotte, NC 28272-1083
Or to this address for overnight processing:
Capital One, Attn: Payment Processing, 6125 Lakeview Rd, Suite 800, Charlotte, NC 28269
Phone payments can be made by calling the number on the back of the card.
Yes, you can convert the Capital One Platinum Secured to unsecured. Capital One will periodically review your account for possible graduation. If your account is eligible, you will be notified by email. You can maximize your chances of converting your Capital One Platinum Secured to unsecured by using your credit card responsibly.… read full answer
Here’s how to increase your chances of converting your Capital One Platinum Secured to unsecured:
Make on-time payments. This is probably the most important part of the process. If you don’t pay your Capital One Platinum Secured bills by the due date, you won’t even be considered for graduation.
Use your card responsibly. Maintaining low credit utilization will indicate to Capital One that you can handle an unsecured card. So, aim to use only 30% or less of your Capital One Platinum Secured’s limit.
Improve your other finances. Adding to your income and paying down debt will improve your creditworthiness as a whole, making you a better candidate for an unsecured card.
When your Capital One Platinum Secured graduates to unsecured, your credit line no longer needs to be secured with collateral. So, when you graduate, the initial deposit you made to open the secured card will be refunded. And you’ll also keep the good credit history you’ve earned with your Capital One Platinum Secured.
You can add money to a Capital One Platinum Secured card either through the Capital One deposit page online or by calling their dedicated line, within 35 days of approval. For online deposits, enter your zip code and the last four digits of your Social Security number.
Here’s what you need to know about adding money to a Capital One Platinum Secured deposit:… read full answer
How to do it: You can add money either online or by calling the Capital One Platinum Secured dedicated line within 35 days of approval. Adding money online requires you to enter your ZIP code, the last four digits of your SSN, and the customer number you received when you were approved. If you don’t have the customer number, simply call customer service to make a deposit by phone.
Minimum deposit: You can add up to a $1,000 total limit, but you must first meet the required minimum deposit. Minimum deposits will be $49, $99 or $200, depending on the specifics of your credit. Regardless of the minimum deposit amount, the Capital One Platinum Secured card guarantees an initial credit limit of $200.
Additional deposits: Any money you add to your Capital One Platinum Secured card above the minimum amount required will raise the card’s credit limit by that same amount. So if you pay an additional $300 on top of your original deposit, the new credit limit will be $500. The maximum overall limit is $1,000 and any additional deposits must be made within 25 days of approval, in multiples of $20.
Payments are made electronically through your bank account. Capital One does not accept cash payments or checks. Once you’ve paid the full minimum deposit, your Capital One Platinum Secured car will be mailed within 2-3 weeks.
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