The best Capital One Platinum Secured credit card benefits include virtual card numbers, emergency card replacement, and $0 fraud liability. These perks are certainly good to have, though it’s important to note that they are also relatively common benefits for Capital One credit cards.
Capital One Platinum Secured Credit Card Benefits
Security alerts
$0 fraud liability
Virtual card numbers
Emergency card replacement
No foreign transaction fees
While these benefits aren’t bad, the Capital One Platinum Secured credit card simply doesn’t have as many benefits as a lot of the other credit cards on the market. So, make sure you check out other secured credit card offers to weigh your options.
To learn more about the Capital One Platinum Secured credit card, check out WalletHub’s full review.
The Capital One Platinum Secured credit card works like a regular credit card, except that the customer must put down a security deposit to open the account. The minimum deposit amounts are $49, $99 or $200, based on your credit.
Typically, the amount of a secured credit card’s security deposit determines its credit limit. However, the two amounts don’t always match with the Capital One Platinum Secured card. Regardless the security deposit amount, you’re guaranteed at least a $200 credit limit. Not everyone is approved...
There are two ways to increase your Capital One secured card's credit limit: deposit more money than required when you open the account or pay your bill on time and hope you get an automatic credit limit increase. If you make on-time payments for the first six months, you will be considered for a higher credit limit on your Capital One secured card.
Ways to Increase Your Capital One Secured Card Limit
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.
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