What income do I need to get the Capital One Platinum Secured card?

You need a credit score of at least 700 (good credit) for the best Capital One credit card offers. However, other options are available for people with lower scores. It is possible to get approved for a credit card from Capital One with limited credit history or a bad credit score, for example.... read full answer

Capital One Credit Score Requirements by Card

• Capital One Venture Rewards Credit Card: 700 (Good credit)
• Capital One VentureOne Rewards Credit Card: 700 (Good credit)
• Capital One Quicksilver Cash Rewards Credit Card: 700+ (Good credit)
• Capital One SavorOne Cash Rewards Credit Card: 700+ (Good)
• Capital One Venture X Rewards Credit Card: 750+ (Excellent)
• Capital One Platinum Credit Card: less than 3 years of credit history (Limited History credit)
• Capital One Platinum Secured Credit Card: 300+ (Bad credit)
• Capital One QuicksilverOne Cash Rewards Credit Card: less than 3 years of credit history (Limited History credit)
• Capital One Quicksilver Secured Cash Rewards Credit Card: 300+ (Bad credit)
• Capital One Savor Cash Rewards Credit Card: 700+ (Good credit)
• Journey Student Rewards from Capital One: less than 3 years of credit history (Limited History credit)

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 issuer’s website. You may also want to check your credit score before you apply, just so you have a better idea of what to expect.

You should also note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for a Capital One credit card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.

You can apply for the Capital One Platinum Secured Credit Card either online, or over the phone at (800) 695-5500. You can also submit a Capital One Platinum Secured application at a Capital One branch.

Here’s how you can apply for the Capital One Platinum Secured:

• Online: To apply online, click on the “Apply Now” button and fill in the form with your name, address, Social Security number, and birthdate, among other personal information. Then, click “Submit Application”. ... read full answer
• Over the phone: You can also apply for the Capital One Platinum Secured by phone at (800) 695-5500. When prompted, just say that you want to apply for the Capital One Platinum Secured and you will be connected to a representative.
• At a branch: Another way to apply for the Capital One Platinum Secured is in a Capital One branch. Download the Capital One app or use the online locator tool to find the nearest one.

If you are approved, you will be given a customer number. You’ll need this number to pay the required security deposit, which you can do either online or over the phone at (800) 219-7931.

What you should know about the Capital One Platinum Secured security deposit:

• 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.
• Make sure you've made the required deposit in full 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.