Michael Battle, WalletHub Credit Card Analyst
The main Capital One Platinum Secured requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also agree to put down a security deposit of at least $49, $99 or $200 (depending on the specifics of their credit) before they can open the account. There’s no minimum credit score requirement, as the Capital One Platinum Secured card is designed for people with bad credit and beginners with little or no borrowing history.
Capital One Platinum Secured Card Requirements
- At least 18 years old
- Physical U.S. address (no P.O. boxes)
- Proof of income to make the monthly minimum payment
- Checking or savings account
- Social Security number or ITIN
- $49, $99 or $200 security deposit (based on the specifics of your credit), at a minimum.
While the Capital One Platinum Secured card has no minimum credit score requirement, Capital One may reject your application if there are serious negative entries on your credit report, such as a pending bankruptcy. Being past due or over the credit line on an existing Capital One card also makes you ineligible. The same is true if you’ve had a Capital One account charged off within the past year. And you cannot apply for a Capital One credit card 3 or more times in the last 45 days.
In addition, if you apply for the Capital One Platinum Secured card, it’s vital that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.
Capital One Platinum Secured Credit Card
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