Does the Capital One Platinum Secured card graduate to unsecured?

The Capital One Platinum Secured card can graduate to unsecured if you pay the bill on time and otherwise manage your account responsibly. Capital One will periodically review your account for possible graduation, and you will be notified by email if you're eligible.

How to increase your chances of graduating with the Capital One Platinum Secured Card:

• 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 credit 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.

It’s worth noting that graduating to an unsecured credit card is not considered a new account. That means no hard pull is required and your credit score will not be affected. Plus, you’ll get to keep the good credit history you’ve earned with your Capital One Platinum Secured.

In addition, when your Capital One Platinum Secured graduates to an unsecured card, your credit limit no longer needs to be secured with collateral. So, when you graduate, the security deposit you made to open the Capital One Platinum Secured card will be refunded.