Minimum Credit Score Needed 
Limited History
Capital One® Secured Mastercard®
Editor’s Take
Review: Capital One® Secured Mastercard®
A rare partially-secured credit card, the Capital One® Secured Mastercard® is perfect for building credit at a low cost. In addition to a $0 annual fee and a $0 foreign transaction fee, the Capital One® Secured Mastercard® offers a $200 starting credit limit in return for a refundable security deposit that could be as low as $49. The deposit requirement also could be $99 or $200, depending on each applicant’s creditworthiness. The Capital One Secured Card also reports to all three major credit bureaus each month.
All in all, Capital One Secured is among the very best credit cards for low-cost credit improvement. Below, you can learn everything else you need to know before applying.
Capital One Secured Card Review Highlights:
John Kiernan, Credit Card Editor
May 21, 2019
All in all, Capital One Secured is among the very best credit cards for low-cost credit improvement. Below, you can learn everything else you need to know before applying.
Capital One Secured Card Review Highlights:
- Could be partially secured. Depending on your creditworthiness, you will have to make a deposit of $49, $99 or $200 for a $200 spending limit. That means it’s possible for the spending limit you’re assigned to exceed the amount of the refundable security deposit you’re required to place. Bear in mind that you can’t necessarily count on being approved for any unsecured spending power, which might be important if you need an emergency loan. But it would be a pleasant surprise if building credit is your top priority.
- Will help you improve your credit. Like all credit cards, the Capital One Secured Card reports account activity to the major credit bureaus on a monthly basis. As long as you pay your bill on time and avoid maxing out your spending limit, this information will be positive and will lead to credit score gains. WalletHub’s free daily credit score updates will help you track your progress.
- No annual fee helps keep costs low. Whether you need a credit card to (re)build your credit standing or to pay bills that you can’t afford in cash, not having to pay an annual fee will make your job much easier. The same can be said of the Capital One Secured Mastercard’s lack of monthly and one-time fees, which are far too common with credit cards for bad credit.
- Not available to folks with seriously damaged credit. You are not eligible for the Capital One Secured Credit Card if you have a non-discharged bankruptcy, a past-due Capital One credit card or an over-limit Capital One card. Furthermore, you can’t have a Capital One credit card that has charged-off in the past year, and your monthly income must exceed your monthly housing payment by at least $425.
May 21, 2019
Capital One® Secured Mastercard®'s Key APRs & Fees
-
ONE-TIME FEES
None
-
ANNUAL FEE
$0
-
MONTHLY FEE
None
-
REGULAR RATE
26.99% (V)
-
GRACE PERIOD
25 days
Capital One® Secured Mastercard®'s Highlights
- No annual fee, and all the credit building benefits with responsible card use
- Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
- You will get an initial $200 credit line after making a security deposit of $49, $99, or $200
- Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
- Easily manage your account 24/7 with online access, by phone or using our mobile app
- It's a credit card accepted at millions of locations worldwide
Capital One® Secured Mastercard®'s Additional Info
-
MAX LATE FEE
$39
-
MAX OVERLIMIT FEE
None
-
MAX PENALTY APR
None
-
FOREIGN TRANSACTION
FEE
None
-
SMART CHIP
Yes, chip-and-signature
-
CASH ADVANCE APR
26.99% (V)
-
CASH ADVANCE FEE
3% (min $10)
at Capital One's secure site
Editor's Pick
Capital One® Secured Mastercard® is an Editor's Pick for:
Related Credit Card Categories
Capital One® Secured Mastercard® is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about Capital One® Secured Mastercard® to our community.
Does this credit card allow you to rent a car? Reply 106
WalletHub
Jun 16, 2015 · @WalletHub
Yes, it is accepted anywhere that takes MasterCard -- which includes major car rental companies. MasterCard also provides complimentary rental car insurance, as long as you decline the rental company’s “supplementary” offer.
10
Upvotes
Can I get the card with a Chapter 13 bankruptcy still on my credit report? The BK was paid in full and I have a Letter of Discharge dated June 12, 2014. I have received 2 secured cards from other banks, but was declined on 1 from another. I am looking for a 3rd secured card. Reply 13
WalletHub
Jul 2, 2014 · @WalletHub
For more information on the subject you can look at this report. Also as a way to further accelerate your credit building efforts, you should also increase the limit on your existing secured cards by increasing the deposit on them.
1
Upvote
Looking for a no annual fee credit card with low interest. What is my best option? Reply 1
WalletHub
Nov 10, 2016 · @WalletHub
Please visit the following link to find a list of credit cards with no annual fee and low interest.
1
Upvote
What's the different between Capital One Platinum and Capital One Secured? Reply 1
Mark Towers
Jun 18, 2019 · @MarkTowers
The Capital One Platinum card is geared towards people with fair credit or no history at all.
The Capital One Secured card provides the same credit building benefits, but in addition to that it accepts applicants with bad credit.
Other than these main differences, the Platinum card is unsecured, so you won't have to provide collateral. The Secured card requires you to fund a security deposit that becomes your credit limit.
It's important to mention that Capital One Secured is special in the sense that it's partially secured, so your credit limit can be higher that your security deposit.
1
Upvote
How can I customize my Capital One Secured card? Reply 1
FRANKIE SOLOMON
Jun 14, 2019 · @solosolosolo
You cannot customize a Capital One Secured credit card at this time.
1
Upvote
What income do I need to get the Capital One Secured card? Reply 1
Thom Fotenberg
May 8, 2019 · @thom.f
There is no minimum income requirement to get the Capital One Secured, but you do need a source of income.
Plus, you will need the money to fund your initial security deposit.
1
Upvote
How can I add a Capital One Secured authorized user? Reply 1
GINA MARTE
Apr 24, 2019 · @ginamarte
You can add a Capital One Secured credit card authorized user at this page or by calling 800-227-4825.
1
Upvote
What credit bureau does Capital One Secured use? Reply 1
Frieda Reiss
Mar 14, 2019 · @freiss
Capital One will pull credit reports from TransUnion, Equifax and Experian.
They pull all three for their secured offering because they want to reduce their risk by getting the most complete information possible.
1
Upvote
Capital One® Secured Mastercard® Reviews
Share your insights and review the Capital One® Secured Mastercard®.
Aug 01, 2012
We had an issue with low credit scores. We searched around for a while and found this secure credit card. It was easy to apply and easy to set up. We really liked that this was a sure way to improve our credit. It does take some time for the credit agencies to get the information that you are paying on time, but eventually it really does work and you will slowly see your credit score start to improve. The Capital One Secured Mastercard is a good deal and customer service is always friendly and up front. I would recommend this card as one of the best ways to rebuild credit if your credit has been damaged in the past.… show more
Comment
Jul 25, 2012
As a college student, I have limited options regarding financing - what with student loans and limited hours available to work. Initially I was reluctant to apply for a card, as keeping track of my credit is new to me, however I have had nothing but good times since I got this card! It works wherever I try to use it with no hiccups at all. Also I haven't had any difficulties managing my payments, etc. Overall I would recommend this card to other people like myself who are looking for an easy credit card to handle. Also good to have in emergencies - just in case you need to get out of a sticky situation, which is always nice.… show more
Jul 25, 2012
This card is perfect for people who want to build up, or rebuild their poor credit score. While it does not have the best benefits or point rewards, it is a simple card that is stable, balanced, and good for people who are not quite fiscally responsible yet, but quickly on the road to fiscal responsibility. The limit is not that high, to be honest. They give a membership to a service where one can look at their credit score, and learn what happens “behind the scenes”. Personally, I recommend that, if your credit is bad, you use this card to get better credit and quickly apply for a better card, with rewards and whatnot as soon as they can.… show more
Jul 25, 2012
I've been using the Capital One Secured Card for about a year now with no problems. Before I was the type of person that only used cash, due to the fear of all the fees that are associated with credit cards, but for this one the $29 annual fee isn't too bad considering all the benefits they give. It''s much easier to pay with than having a load of cash in your purse, just pull the card out and you're done. The main reason for choosing this card was because I didn't have any credit, so needed to build my credit score. They allowed me to make my security deposit little by little instead of putting one big sum. I was pretty new to credit cards, so had to call customer service a few times asking about how it worked and each time they were pleasant. I would recommend this card to anyone that has low credit or needs to build their credit.… show more
Jul 25, 2012
I've had this card for about six months now and it has been great. I have had bad credit because of student loans and am in the process of rebuilding. After having this card for only three months I saw my credit score go up almost 80 points! Capital One customer service has also been very helpful with any questions I've had about my card. It does have a high interest rate but it's meant to be paid off every month. If you have bad credit and understand the steps you need to take to rebuild it this card is a great way to get started.… show more
Jul 25, 2012
I had no credit history and a really low checking account balance so my credit history wasn’t that extensive. I didn’t have parents to co-sign for anything so I decided to start with Capital One’s Secured MasterCard. I had to put down a deposit and the rates were a little high, but that was expected given my current dilemma. My credit limit wasn’t that high but I didn’t need it to be. I only got this card to fix my credit. I made all of my payments on time and never had any issues. My credit score increased significantly over time. Eventually, I was eligible for unsecured credit and the service representatives helped me find a card suitable for me.… show more
Jul 25, 2012
This card has been a solid fail-safe option for me so far in my experience. I'm very light on my credit spending, but there are times that simply require the use of a credit card without having to worry about immediate ramifications. Recently I took a trip to New York, a city that I'm not used to. I found myself stuck without a hotel. I had never used my Mastercard up to this point in my life out of the fear of sneaky on-piling debt that my parents and friends have seen in the past. Credit Card companies are made out to be dangerous and deceiving today and I think that some of them are, however my experience with my Capitol One Secure Card has shown otherwise as it has saved me from potentially dangerous situations and so far, the debt that I've put on has been easily payable and I'm still above water, despite my advanced fear of drowning in credit card debt.… show more
Jul 25, 2012
I only recently got my Capital One MasterCard, but I am already pleased with this card. They gave me a great credit limit, a decent APR below that of my long-time bank, and I was able to start using it just a few days later. The introductory APR of 0% is going to come in quite handy to pay off my other card using a balance transfer. The signup process was simple and fast, and their online banking seems to have all you would need. Because of it's low APR, this will probably be the card I hang on to as I close out my other accounts and rebuild my credit.… show more
Jul 25, 2012
I applied for this credit card about a year ago when my credit was not looking too good. They gave me a $200 credit limit with a $100 deposit and I have seen an increase with my credit score. The interest rate is way too high and they charge too much to withdraw money from the ATM's but I didn't have a lot of choices at that time. I do like their website and you can make your payments from your bank account, online. Whenever I have had to call for any reason, they are very polite on the phone and very helpful. All and all, I have enjoyed the credit card because it has helped me rebuild my credit.… show more
11/10/12
Out of all these comments, yours was most helpful. You've answered questions that I was looking for. Thanks! ^_^
Jul 18, 2012
I got my Capitol One secured card about 9 months ago, I've been really happy with it. I needed a secured card to help fix my credit score, but I'd been burned before getting one with a lesser known company. I like that Capitol One was legit, I also REALLY liked that they report your card to the big 3 credit agencies the same as a regular unsecured card so you get the full credit score bump available. I've been using my card regularly and paying it off within 30 days, and I just called and they let me convert it to a regular unsecured card! I've also seen the bump I was hoping for in my credit and it's helped me alerady, just got approved for a new apartment that had a minimum allowed credit score that I wouldn't have reached before I got this card. I definitely recommend it.… show more
Jul 18, 2012
I use this card as my main credit card. I recommend it, application was easy, customer support is awesome. Capital one's website is easy to use and have never had any problems. You have to remember that a credit card is a revolving loan though, you can't be irresponsible when using them. In many instances using a credit card such as this one is better than a card tied directly to your bank account. Credit cards have many advantages, and it's much easier to deal with reversing charges on a stolen credit card than a debit, as you don't lose any cash on hand.… show more
Jul 18, 2012
As a young college student, I don't have many options in my area for the type of credit card I can obtain. The card lets me build credit without having to worry a lot about not being able to pay it back because they allowed me to keep a low limit which was easy to manage. I didn't care much for MasterCard after having a Visa for so long, but the change wasn't noticeable and I was able to use the card in most places to help me grow my credit and apply for a more favorable credit card.… show more
Jul 18, 2012
Also, if you feel you are capable and if you continue to make your payments on time for six months, they extend you a higher line of credit. You can choose to keep this or reject it. If you can afford it and keep it, it will continue to build your credit, but like I said previously don't abuse it.
Jul 18, 2012
This card is a great way for people with poor credit to rebuild their credit. This is a secured card, but they did not require me to make a deposit which for me was awesome. This card does a great job at helping to rebuild credit as long as you don't abuse it. Don't overextend yourself and you will remain pleased with this card.
Jul 18, 2012
I have had a decent experience with Capital One. I was building my credit and actually had no other credit cards or loans, so I was doubtful they would even give me a card but lo and behold they did. It had a $300 credit limit so I could start to build up my credit, after 6 months they raised that up to $500 automatically which I felt was a very consumer friendly thing to do. The only downside to Capital One is for one, when you call their customer service you get someone with a very thick accent and they are nice enough, but they don't seem to grasp the English language as their first language. This is somewhat frustrating as it is difficult for them to understand what you are trying to say, they can help with basic things such as balance, make a payment, resend a statement, but specific problems they have a hard time grasping. Also to note is their interest rate is pretty high if you have bad credit or no credit. Very high APR so be careful about keeping a high revolving/cash advance balance as they make a killing off the monthly interest.… show more
Jul 12, 2012
I've had many credit in many companies, but to be honest this one has served me the greatest, most other companies "credit cards" usually take one or two days to transfer money or whatever this one helps me get it in 5 - 6 minutes, even when I left for work in another country it still worked, I recommend it not like on of those company advertisements, I'm a normal person just advising because I just like to make the world a better place, and this is one step their... and by that I mean that you can help yourself first then the rest, and who ever disagrees with me, can go ahead and try other credit cards, and see if it doesn't close in 4 months or so.… show more
Jul 12, 2012
When my credit rating was shot, I was in desperate need for something to help repair it. I had tried other credit cards by other companies but that only seemed to compound the problem. Then I came across this beauty. This card is the best thing I have in my wallet. I've really never been that great with money so the fact that this card has checks and balances to make sure that I'm not spending too much is perfect. The rewards are pretty great also. The flexibility and functionality are primarily what drew me to this card but I stayed for all of the awesome benefits that are also offered. I highly recommend this to anyone who is looking to get back on their feet financially or who just needs a solidly dependable credit card.… show more
Jul 12, 2012
The Capital One Secured Mastercard is a decent card. I was given a meager credit line when I first received my card. I simply waited a few months, made a couple purchases and requested a limit increase, which they granted. My interest rate is very high, but I have brought it down by paying my bills on time; however, it is still much too high for my liking. I only had one issue with my customer service reps, and it occurred when I was mistakenly given a late fee for a bill that I paid on time. I called about it and they took it off my account with no hassle. They were very kind and worked with me quickly to resolve the issue.… show more
Jul 12, 2012
If you need to rebuild or improve your credit, this is a great card. It does have a monthly fee (which is low) and a high interest rate (makes sense considering their high approval rate) but if you pay off your balance each month the interest rate won’t be an issue. I got this card to help my credit, I put a few things on each month and pay my bill in full at the end of the month. Capital one has a good online banking setup and good customer support. If you’ve had issues with credit in the past, this is definitely a card to consider to help you rebuild your score.… show more
Jul 12, 2012
I got the Capital One Secured Mastercard a few months ago, and since that time it has been not only reliable but also a wise decision on my part. I decided to go through Capital One because aside from being a well known credit card company, it also had the lowest initial deposit I have personally experienced. I received the card within a few weeks, but at the time it hadn't come with a welcome packet. So I called the 800 number and spoke to a very helpful and genuinely concerned representative who went ahead and resent the kit with no hassle at all. I have had nothing but good experiences with this card, and since having it my credit score has gone up a bit. Capital One has so far done an outstanding job accurately reporting payments and increases in credit. I am more than looking forward to my continued use of this card.… show more
Jul 11, 2012
Nothing but kudos from me for the Capital One secured card. I started with a Capital One prepaid card and was very pleased when a representative from Capital One called and suggested I move into their secured Mastercard program. Did it mean more money for Capital One? Absolutely, but the benefits to me far outweighed the slightly higher fees and requirements. Maybe I got lucky, but the representative worked with me for many months as I slowly built up a good reputation and they increased my credit line more and more with no further security deposit required. After 11 months of responsible use, while my credit started getting better and better, I was upgraded to a full credit account with Capital One.
I did not have the issues others have reported regarding my security deposit because I had it transferred to my new account and it was used a credit on that account. I do know that it definitely helps to get to know the name and extension of a representative and work with them exclusively, or for as long as possible. And don't be afraid to be perfectly honest with whomever you speak with. If your goal is credit repair, they can give you some great tips.
Pre-paid cards have their place for many and are great starter cards to learn financial responsibility, but they do little to nothing to help repair poor credit unless they report to the credit reporting agencies. Capital One reports to the big three and provided the biggest boost to my credit rating in the shortest amount of time.… show more
I did not have the issues others have reported regarding my security deposit because I had it transferred to my new account and it was used a credit on that account. I do know that it definitely helps to get to know the name and extension of a representative and work with them exclusively, or for as long as possible. And don't be afraid to be perfectly honest with whomever you speak with. If your goal is credit repair, they can give you some great tips.
Pre-paid cards have their place for many and are great starter cards to learn financial responsibility, but they do little to nothing to help repair poor credit unless they report to the credit reporting agencies. Capital One reports to the big three and provided the biggest boost to my credit rating in the shortest amount of time.… show more
Jul 03, 2012
the card is pretty good. I started with a low limit but after a few months of careful and responsible use the upped the limit and then again about a year later. The online system the have in place is great and reliable. It updates quickly so you don't have to worry about whether or not the site has been updated with your recent purchases or not. My credit score has gone up since I got this card and overall I have had a very pleasant experience. I recommend this card to anyone who has a low credit score and seeking to increase their score.… show more
Jul 03, 2012
I have to say that this card helped me rebuild my credit history. I was in the tank about 5 years ago as far as credit is concerned and within a year, I had rebuilt my credit rating with this card. It truly is a miracle worker. I do regret one thing...not keeping it the way it was. I rebuilt my credit, and then bought a house. After all of that, I really wanted to purchase a few things for my new home, so I changed this card with Capital one to an unsecured one (yes, one that charges interest!). Still, I didn't go hog wild. I just kept it to a minimum and tried to pay it off every month.
This really is a good card to have.… show more
This really is a good card to have.… show more
07/16/12
Great idea trying to pay off your credit card bill every month. US consumers are projected to add $50 billion in credit card debt this year, largely because people spend more than they can afford to pay back each month. It’s important to note, however, that secured credit cards charge interest, just like unsecured credit cards. I guess the fact that you didn’t notice just means you were always on top of your payments!
Jul 03, 2012
This was one of the worst companies that I have ever had the displeasure of dealing with. The card was in my husband’s name and even though he put my name on the account, we always had problems when I would call. Every time I would call customer service, I would be on hold for god knows how long and then everyone would be so rude and condescending even when I had just a simple question. They were not helpful when I had suspicious charges on my card. Someone had bought a television and I knew something about it. It turns out my husband’s card had been stolen and he didn’t know. They insisted that he bought it and was hiding it from me. It was ridiculous. Closing this account was the best thing I've ever done.… show more
Jul 03, 2012
The capital one card is a very good card, they are one of the few cards that will allow those with bad credit to acquire a credit card. This card has been extremely essential in bringing up our credit scores and getting some positive credit reporting. The credit card is convenient and accepted at every location in which I made a purchase. My only complaint is that you must pay your account a few days ahead of time; because if you pay the day of or the day before you stand a chance of the payment being late. Other than this one incident I truly do enjoy this credit card.… show more
Jul 03, 2012
I have had this card for about six months, and I tell you I am happy that I got it. My credit score has already gone up and because of six months of good credit with this card I was able to open up a credit card with my bank that I was previously denied because I did not have any credit of this type. This card is for those who need a second chance and understand how to be responsible and open up a card and not spend more than you know you will be able to pay back. I am happy about second chance cards like this. The first time around when I got a card back in my teens I messed up my credit. Many years later I am able to rebuild my credit. Thank you Capitol One for giving me a second chance.… show more
Jun 27, 2012
This card has been a solid fail-safe option for me so far in my experience. I'm very light on my credit spending, but there are times that simply require the use of a credit card without having to worry about immediate ramifications. Recently I took a trip to New York, a city that I'm not used to. I found myself stuck without a hotel. I had never used my Mastercard up to this point in my life out of the fear of sneaky on-piling debt that my parents and friends have seen in the past. Credit Card companies are made out to be dangerous and deceiving today and I think that some of them are, however my experience with my Capitol One Secure Card has shown otherwise as it has saved me from potentially dangerous situations and so far, the debt that I've put on has been easily payable and I'm still above water, despite my advanced fear of drowning in credit card debt.… show more
Jun 27, 2012
I have this credit card, after having issues with my personal credit in the past. This is a great way to improve your credit while remaining responsible. All you have to do after applying for the card, is to send them a security deposit (from $49 to $200, based on your credit) and then you get the card. My deposit was $49, so my credit wasn't as terrible as I thought it was. It came in the mail soon afterwards and I am very happy with the card, it makes me feel as though I am finally a part of the world again! It's a little disappointing that the only way to increase your credit limit is to send more money as a deposit, but I don't blame them for this because the majority of people who will apply for this card will be people who have poor credit and who have been less than responsible in the past.… show more
Jun 27, 2012
I am very happy with this credit card and would recommend it to anyone who needs to bring up their credit score. I started out with a small deposit of $300 and used the card like a credit card for just a few months and my credit began to noticeably improve. The Capital One Secured Card also came with a membership to Credit Inform where I have been able to watch my credit score go up and understand exactly what factors were involved in either improving my score or causing it to drop. I was approved for an unsecured card with a limit of $500 less than six months after I opened the secured card. I feel like I have a better grip on what is involved in determining credit and since I made that first deposit and started using Capital One cards my credit score has gone up over 100 points. That is the honest truth. With the help of this company and their credit reporting I now get offers for other credit cards all the time.… show more
Jun 25, 2012
Don't get this card! I closed mine 4 months ago and I'm still waiting for my security depossit back! Every time I call them I get a different kind of lie from the customer service! I'm pretty sure I'm going to report them soon!
Jun 21, 2012
I have really enjoyed this credit card. This card has made it very easy to build up my credit score and improve my credit history. I obtained my Capital One Platinum Credit Card about a year ago. It has been easy to use and I really like their website. It is easy to navigate. It gives you the abilty to track your spending and see your transactions. You can set up payments and see statements among many other features. I have never had a problem while using this card. I like that it has a low limit that is great for emergencies but not large enough to get in over your head. I would recommend this card to anyone who was looking for a good, stable card to carry. I will definately use this card and this company for many years to come.… show more
Jun 21, 2012
I put down $500 to get this secured credit card. The interest rate was kind of high but that was to be expected considering my credit was bad. In the last couple months that I have had the card my credit score has improved significantly. It is also nice being able to rent cars again without having to buy the expensive insurance that is required with a debit card. If I make all my payments on time I will even get back my $500 and the card will become unsecured.I have only had to call capital one one time but when I did I received very good customer service.I would recommend this card to anyone who would like to rebuild their credit history.… show more
Jun 21, 2012
I am a college student, so I had a very small credit score only because my father had me co-sign the car payments to help build up my credit score. I was highly recommended to use this card mainly because it will help build credit. I must say that I am truly pleased that I have this card. My credit score has improved greatly and I love how there was no application fee, like some of their main competitors have for secured credit cards. I also love that Capital One is FDIC ensured, so I know that even we are in a recession, I can get my money back is the economy crashes. I highly recommend this card to all of my friends in college.… show more
Jun 21, 2012
I have been happily using my Capital One MasterCard since 2003. They are one of the only credit card companies that have not increased my interest rate since the downfall of the economy. I appreciate that they respect that I have never been late on a payment. Nothing upsets me more than my interest rate going up for no reason. I have recently closed out other cards such as Citi Card and Chase due to them raising my rates to 29.99%. I plan to stick with the Capital One and my 11% interest rate as long as they stay with the current rate. They send me checks to use for balance transfers or for little upgrades that I can do around house. I am glad to have Capital one, who cares about my needs and treats me right.… show more
Jun 21, 2012
I have had this card for nearly two years. I must say that Capital One has done a good job of helping me to keep current on my bill. I have recommended this card to many different people who are seeking new lines of credit. In my case, I was started off with a fairly low credit limit, which was then increased based on my usage. I appreciate a company that allows its services to grow along with the needs of its clients. This is a key factor in my decision to stay with Capital One, and to trust them with my credit needs.… show more
Jun 15, 2012
I was stupidly reckless with credit cards in college and, after finally paying those off, I was scared to have any more credit cards. After five years of debit card and cash only, I realized I needed to build up my credit and went with a Capital One Secured MasterCard. I chose this one because I only had to pay $49 for a $200 limit. I didn't want a limit any higher than that, should I slip into old habits. Basically, I used it for a year or two on small purchases -- lunch, gas -- that I paid monthly. And doing that then helped me qualify for other credit cards with larger limits, which I keep on hand for emergencies only.… show more
Jun 14, 2012
This card really helped me when my credit was extremely dismal and I honestly did not expect it to recover any time soon. I had always shied away from secured credit cards because the sort of companies tat generally offered them to me were a bit on the shady side with extremely rates and fees just to get started. I knew that Capitol One is a trusted name in credit cards and the fees seemed reasonable, so I went ahead and got one. It was fantastic! I was able to rebuild my credit and eventually "graduate" to a regular C.O. card...I am so glad that I took the chance with this secured credit card.… show more
Jun 14, 2012
I don’t have the world’s best credit so I was surprised when I went to fill out the application for the secured Capital One credit card, I was approved. The card did require a $200 deposit, which I was more than fine with since my actual credit limit could increase up to $3,000 with on time payments. I got the Capital One secured card in 2009 and this is the only credit card I’ve ever had. My balance has increased which is awesome! I travel quite a bit so it is nice to finally be up to put a hotel in my name and just present my card rather than worrying about a debit card and the extreme holds that hotels often put on debit cards. They never do that with credit cards. Capital One is a great company. They have all sorts of cards from the top of the tier to the bottom bracket for people with poor credit. I feel that Capital One offers fair treatment to all consumers, even though they do require a deposit. Remember this deposit is refundable and the balance will more than likely increase if you keep your card in good standing. I’ve got nothing but praise for Capital One and I would recommend this particular card to college kids, people with less than perfect credit and people that are looking for their first credit card.… show more
Jun 14, 2012
After 9 years together my husband and I finally ended our marriage with a bitter divorce. The end of our marriage left me nearly penniless and really put a dent in my credit rating. It seemed like the possibility of repairing my credit was just a pipe dream. My friend Cara and I were discussing our similar situations when she suggested that I give this secured card a try. I was skeptical at first but I decided to give it a try. I am so happy that I chose this card. It has already helped me significantly raise my credit score and I have already qualified for credit line increases without any additional deposit. I made a great decision when I chose this card, unlike when I chose my ex husband.… show more
May 31, 2012
I have been a customer of Capital One for about 6 months now. This card has been very beneficial to me in times of need. It was very simple to get started and approved, even having less than perfect credit. The application process was simple, the time it took to get approved and actually receive my credit card was extremely quick, and the process to activate the card was very simple. The customer service team was very helpful with answering questions I had not only about my account but about the entire program itself. I highly recommend this card for those needing help starting out or rebuilding credit!… show more
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Last updated on: May 21st, 2019 at 15:39
Editor's Pick
Capital One® Secured Mastercard® is an Editor's Pick for:
Related Credit Card Categories
Capital One® Secured Mastercard® is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: May 21st, 2019 at 15:39 ET