What is the Capital One secured credit card interest rate?

Capital One credit card interest rates range from 0% (for a limited time) to 29.99% (V), depending on the card and the cardholder’s creditworthiness. The best Capital One credit card for low interest rates is the Capital One Quicksilver Cash Rewards Credit Card because it offers 0% APR for 15 months on purchases and balance transfers, followed by a regular APR as low as 19.74% - 29.74% (V). This card also has a $0 annual fee.... read full answer

The Capital One credit cards with the highest interest rates are the Capital One Platinum Secured Credit Card (29.99% (V)) and the Capital One Platinum Credit Card (29.99% (V)). They’re also the easiest to get. The Capital One Platinum Credit Card accepts applicants with limited, while Capital One Platinum Secured Credit Card accepts people with bad or bad credit.

Most Capital One credit card interest rates are listed as a range, such as 14.74% - 24.74% (V). The better an applicant’s credit is, the better their chances will be of getting a rate at the low end of the range. All Capital One credit card interest rates are variable, meaning they can go up or down as the market changes.

2023 Capital One Credit Card Interest Rates:

• Capital One Quicksilver Cash Rewards Credit Card: 0% for 15 months on purchases and balance transfers; 19.74% - 29.74% (V) regular APR
• Capital One Venture Rewards Credit Card: 20.74% - 28.74% (V) regular APR
• Capital One SavorOne Cash Rewards Credit Card: 0% for 15 months on purchases and balance transfers; 19.74% - 29.74% (V) regular APR
• Capital One Savor Cash Rewards Credit Card: 20.24% - 28.24% (V) regular APR
• Capital One Platinum Credit Card: 29.99% (V) regular APR
• Capital One Platinum Secured Credit Card: 29.99% (V) regular APR
• Journey Student Rewards from Capital One: 29.99% (V) regular APR
• Capital One Spark Cash Select - $500 Cash Bonus: 17.99% - 23.99% (V) regular APR
• Capital One Spark Miles Select for Business: 0% for 9 months on purchases; 18.24% - 28.24% (V) regular APR
• Capital One® Spark® Cash for Business: 20.99% (V) regular APR
• Capital One Spark Miles for Business: 25.74% (V) regular APR
• Capital One Spark Classic for Business: 29.99% (V) regular APR

Capital One also has a number of store branded credit cards, which can only be used at specific retailers. The interest rates for these Capital One store cards range from a low of 19.49% - 31.24% (V) on the Cabela's Credit Card to a high of 29.99% (V) on the Maurices Credit Card.

Your Capital One credit card interest rate will be clearly indicated on your monthly statement. Keep in mind that there’s also a separate interest rate for cash advances. And there’s a penalty rate for missing payments. Expect both of these rates to be equal to or higher than the regular interest rate.

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.

Keep in mind that the Capital One Platinum Secured card credit limit that you start with isn't necessarily your credit line forever. Capital One will usually allow you to increase your security deposit for a higher credit line. If you’ve used it responsibly, they may also ... read full answergraduate your Capital One Platinum Secured to an unsecured card. This could get you a higher credit limit, too.

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.... read full answer

Ways to Increase Your Capital One Secured Card Limit

• Over-deposit before getting your card
  

  If you get approved, Capital One will require you to place a security deposit of $49, $99 or $200 to actually open your account. The deposit amount you’re assigned depends on your overall credit standing, but everyone starts with a $200 credit limit – unless you deposit more than is required, that is.

  
  

  Any amount you deposit above what’s required will boost your spending limit by the same amount. For example, if you’re required to place a $49 deposit and you put down $149, your credit limit will be $300 instead of $200.

• Pay on time for 6+ months
  

  After account opening, the only way to get a Capital One secured card credit limit increase is to pay on time for 6 months. If you do, Capital One will likely raise your credit limit during the 7^th month. By how much, though, is completely up to them. If you pay on time but other aspects of your credit get worse, you might not get an increase.

  
  

  It’s also possible that Capital One will eventually return your deposit and transition you to an unsecured credit card with a higher credit limit. But that depends on how financially responsible you are.

Final Take

Different secured cards have different rules regarding security deposits and spending limit increases. You can usually increase your limit by depositing more money, often at any time. But you generally can’t just call and ask for more spending power without giving the credit card company something in return.

The only absolute chance you have to get yourself more credit is at the very start when you send in extra money on top of your deposit. Otherwise, you’ll have to speak with your actions by paying on time until Capital One raises the limit themselves.