Does Capital One Platinum Secured offer price protection? This question is about the Capital One Platinum Secured Credit Card

Does Capital One Platinum Secured offer price protection?

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This question is about the Capital One Platinum Secured Credit Card

Maria Adams, Credit Cards Moderator

@m_adams • 09/21/21 This answer was first published on 09/21/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Capital One Platinum Secured Credit Card does not offer price protection. The Capital One Platinum Secured card’s lack of a price protection benefit is not uncommon these days, as more and more credit cards have dropped this perk. Recent advances in price-tracking technology have led to a dramatic increase in price protection claims, making the benefit too expensive for some issuers to sustain.

In general, credit card price protection allows cardholders to receive a refund for the difference between an item’s original purchase price and a lower price advertised within the following 60 to 120 days. Coverage amounts and excluded items vary, depending on the credit card issuer.

Answer Question

Does the Capital One Platinum Secured card graduate to unsecured?

Yes, the Capital One Platinum Secured card can graduate to unsecured. Capital One will periodically review your account for possible graduation. If your account is eligible, you will be notified by email.

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.
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How does the Mastercard price protection work?

Mastercard price protection reimburses you when an item that you bought with your card goes on sale later. You can get back the difference between what you paid and the new sale price, up to $250 per claim. You are entitled to a maximum of four claims every 12 months. Note that only the World and World Elite Mastercards offer this benefit.

Here’s how Mastercard price protection works:

Mastercard price protection reimburses you for the...

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How long does it take to build credit with a secured credit card?

You can build credit with a secured credit card in as little as one to six months, but it can take many months or even years to build a consistently good or excellent credit score. The length of time also depends on whether you’re building credit from nothing or rebuilding damaged credit.

If you have no credit, you could see a good score after just a few months of paying on time. You’ll have a VantageScore...

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