How do I apply for the Capital One Secured card?

I woudn’t even try to apply for a capital one secure one card. They will take your deposit and use it against your credit with the idea if you build good credit with them that they will change it after some time to a unsecure account. Turns out that is a hoax...The card will remain secure for the life of the card no matter how well you do with your credit. I used the card for over a year now with no miss payments. Yes they raised my credit limit after 8 month from 200.00 to 500.00 with 1 of those hundreds being my deposit. When I called to graduate the card they told me they were not autherized to change it now there are any chances of graduating a secure to unsecure. that is just not possible as they mentioned i would have to apply for a new one. And they will not refund your money unless you canel the account. This is the kind of business Capital One does to people who are establishing credit. I will not apply with them for a new card simply for the fact that it will become a new account which is not good for the credit. So in my opinion if you are trying to establish credit ..and looking for secure card do yourself a favor and stay away from capital one. … read full answer

More than 30 banks and credit unions offer secured credit cards, including 7 of the 12 largest credit card issuers.

Here are the major banks that offer secured credit cards:

• Bank of America
• Capital One
• Citi
• Discover
• USAA (Visa and Amex)
• U.S. Bank
• Wells Fargo

A number of smaller banks and credit unions offer secured credit cards, too. They include Capital Bank, First Progress and Green Dot, among others. The major banks that do not offer secured cards are American Express, Barclaycard, Chase, PNC and Synchrony Bank.But remember, it’s not a secured credit card’s issuer that really matters. Your goal should be to find the card with the lowest possible annual fee, no matter who offers it. And you can achieve that goal by comparing secured credit cards using WalletHub's free comparison tool. You can also try our … read full answerfree CardAdvisor to get a personalized recommendation based on your answers to a few simple questions.

You can build credit with a secured credit card in as little as 1 month, but it will 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 … read full answerVantageScore after 1 month and a FICO Score after 6. With bad credit, though, it will probably take 12-18 months of responsible use for you to move up to the fair credit range. Secured credit cards are great for building credit because they are easy to get and report to the credit bureaus just like unsecured cards.

But it's hard to give you an accurate estimate of how long it will take to build credit with a secured credit card without knowing the details of your situation. That’s where WalletHub can help. Just sign up for a free account, and we’ll give you a personalized credit analysis that will tell you what to improve and give you a better sense of how long it will take.

Here’s how long it takes to build credit with a secured credit card:

• If you have no credit, it will take 1 month to get a VantageScore and 6 to get a FICO score. Depending on how responsibly you use your card, your first score could be anywhere from bad to good.
• If you pay your bill on time and otherwise manage your finances responsibly, you can rebuild from a bad credit score (300-619) to a fair credit score (620-659) in approximately 12-18 months.
• A good credit score based on limited information could easily fall due to an increase in credit utilization or a single missed payment. Building and then keeping a good or excellent credit score requires consistency over time. This is a project measured in years.
• For people rebuilding credit, it will take 7-10 years for some negative information, like bankruptcies and late payments, to disappear from your credit report. But the older they are, the less impact they will have on your score.

If you’re looking to rebuild your credit, secured credit cards are the best way to do it. They’re easy to get and are indistinguishable from unsecured cards aside from the deposit requirement.

Rebuilding credit will take a while, so it’s best to get started as soon as possible. Some good behaviors to practice are always paying on time and using less than 30% of your available credit.

Checking your credit reports regularly for errors and disputing any you find is also important.