Plus, you will need the money to fund your initial security deposit. Keep in mind that this card can be partially unsecured; you will have to make a deposit of $49, $99 or $200 for a $200 spending limit.
What is also worth noting is that Capital One Platinum Secured is a very good card for building credit. It accepts applicants with bad credit (300) and reports to all three major credit bureaus on a monthly basis.
Lastly, Capital One Platinum Secured comes with a $0 annual fee and $0 foreign transaction fees.
The Capital One credit score requirement is of at least 300, depending on the credit card. For example, applicants with limited or bad credit can get a secured credit card from Capital One, while the best Capital One credit cards overall require at least good credit for approval.
If you’re not sure which Capital One card you’ll be able to qualify for, it’s easy to get pre-qualified for a credit card on the … read full answerissuer’s website. You may also want to check your credit score before you apply for any Capital One card, just so you have a better idea of what to expect.
You can apply for the Capital One Secured card online, by phone at 1-800-695-5500, or in a Capital One branch. The easiest way to apply is online: Simply fill in the form with your name, address, Social Security number, birthdate, and other personal information as requested, then click “Submit Application.” If you are approved, you will be given a customer number. Keep it, because you’ll need it to pay the required security deposit online or over the phone.… read full answer
All deposits must be at least $20 per transaction, in whole dollar increments, and funded through electronic funds transfers from a bank account. You can make as many deposits as you need to get to the minimum deposit amount listed in your account terms – the minimum will be $49, $99 or $200, depending on your creditworthiness. You can make your required deposit here.
Make sure you've made your full, required deposit within 35 days of being approved, or your application will be denied. Once Capital One has received your required deposit, your card will be on its way. The security deposit is refundable if you close your account and pay your balance in full.
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