Accepted Credit Scores
Limited History, Bad Credit
Secured Mastercard® from Capital One
Editor’s Take
John Kiernan, Credit Card Editor
June 10, 2021
Review: Secured Mastercard® from Capital One
The Secured Mastercard® from Capital One is a very good credit card for building credit at a low cost. With a $0 annual fee, a $0 foreign transaction fee and monthly reporting to the three major credit bureaus, the Secured Card from Capital One is easily worthwhile. It also offers a $200 starting credit limit in return for a refundable security deposit that could be as low as just $49. Or, the deposit requirement could be $99 or $200, depending on the specifics of your credit history and the current state of your finances.
All in all, the Secured Mastercard from Capital One is among the very best credit cards for low-cost credit improvement. Below, you can learn everything else you need to know before applying.
At the end of the day, the Secured Card from Capital One is one of the very best credit cards for building or rebuilding your credit standing. It’s one of just a handful of credit cards for people with bad credit that does not charge an annual fee. And it’s one of the only secured cards whose spending limit can be higher than the amount of your refundable security deposit.
All in all, the Secured Mastercard from Capital One is among the very best credit cards for low-cost credit improvement. Below, you can learn everything else you need to know before applying.
Secured Card from Capital One Review Highlights
$0 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.Could be partially secured
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. Also, Capital One will monitor your account activity and you may get your deposit back as statement credit if you use it responsibly.Will help you improve your credit
Like all credit cards, the Secured Card from Capital One 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.Not available to folks with seriously damaged credit
You are not eligible for the Secured Credit Card from Capital One 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.At the end of the day, the Secured Card from Capital One is one of the very best credit cards for building or rebuilding your credit standing. It’s one of just a handful of credit cards for people with bad credit that does not charge an annual fee. And it’s one of the only secured cards whose spending limit can be higher than the amount of your refundable security deposit.
This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
June 10, 2021
Secured Mastercard® from Capital One's Key APRs & Fees
| ONE-TIME FEES
|
|---|
| None |
| ANNUAL FEE
|
| $0 |
| MONTHLY FEE
|
| None |
| REGULAR RATE
|
|---|
| 26.99% (V) |
| GRACE PERIOD
|
| 25 days |
Secured Mastercard® from Capital One's Highlights
| No annual fee |
| Unlike a prepaid card, there is regular reporting to the 3 major credit bureaus |
| Accepted at millions of locations worldwide |
| Make the minimum required security deposit and you'll get an initial credit line of $200. Plus, deposit more money before your account opens to get a higher credit line |
| Access to an authorized bank account is required to make your $49, $99 or $200 refundable security deposit |
| Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed |
| We will monitor your account, and as you use it responsibly by doing things like making on-time payments, you may be able to earn back your deposit as a statement credit |
| Easily manage your account 24/7 with online access, by phone or using our mobile app |
Secured Mastercard® from Capital One's Additional Info
| MAX LATE FEE
|
$40 |
|---|---|
| MAX OVERLIMIT FEE
|
None |
| MAX PENALTY APR
|
None |
| FOREIGN TRANSACTION FEE
|
$0 |
| SMART CHIP
|
Yes, chip-and-signature |
-
CASH ADVANCE APR
26.99% (V)
-
CASH ADVANCE FEE
3% (min $10)
- Last updated on 6/10/2021
at Capital One's secure site
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about Secured Mastercard® from Capital One to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Looking for a no annual fee credit card with low interest. What is my best option? Reply 4votesvotes
WalletHub
@WalletHub
Please visit the following link to find a list of credit cards with no annual fee and low interest.
4
Upvotes
How much do I qualify for? Reply 4votes2votes
Tommy S Davidson
@tdvdson94
Everyone gets a $200 limit to start. The deposit amount is the question: $49, $99 or $200. Depends on creditworthiness. Plus not everyone gets approved.
4
Upvotes
I got my card in the mail. How long does it take for the PIN to be mailed to me? Reply 4votesvotes
WalletHub
@WalletHub
You can obtain a PIN via the Live Chat function on the Capital One website or by calling the customer service number on the back of the card. Hope this helps.
4
Upvotes
How much is the Capital One Secured card cash advance limit? Reply 3votesvotes
Jillian Moya
@jillian_moya
The Capital One Secured’s cash advance limit isn’t disclosed by the issuer. Cash advance limits are individualized, but they’re usually somewhere between 30%-50% of each cardholder’s credit limit.
To find out your cash advance limit, log in to your account online and click on “View details” under your card’s name. Alternatively, you can find the exact amount available for cash advances by taking a look at your monthly statement.
3
Upvotes
What's the due date for the Capital One Secured card? Reply 3votesvotes
Phyliss Hulsey
@phyliss_hulsey
The Capital One Secured card’s due date is at least 25 days after the close of each billing cycle. The exact date is different for each cardholder, and you can find it on your monthly statement.
If you’re not satisfied with your current due date, or it’s creating cash flow problems, you can change it from your online banking account. Just keep in mind that it will take two billing cycles for the change to take effect.
3
Upvotes
Does the word "Secured" appear on the Capital One Secured card? Reply 3votesvotes
Francis Reeves
@francisreeves
No, the word “Secured” doesn’t appear on the Capital One Secured card. It looks like any other Capital One credit card, with the following information on it:
- Card number
- Expiration date
- Account holder’s name
- Card network’s logo
- CVV number on the back
3
Upvotes
When does Capital One Secured report to the credit bureaus? Reply 3votesvotes
Melissa Clifford
@melissa_cl
The Capital One Secured reports to the credit bureaus TransUnion, Experian and Equifax each month on your statement closing date, or a few days after.
If you want your payment to be reflected on your credit report as soon as possible, pay your bill before its due date and you should be set.
3
Upvotes
What's the Capital One Secured card age requirement? Reply 3votesvotes
Jeff French
@jeff_french
The Capital One Secured card age requirement is 18 years.
Those under the age of 18 are forbidden to own a credit card in their name, but can become authorized users on an adult’s account.
It’s useful to have a credit card from a young age, as it will teach you responsible credit utilization and will help you build credit.
3
Upvotes
Car I rent a car with my Capital One Secured card? Reply 3votesvotes
William Kiefer
@william_kiefer
Yes, you can rent a car with the Capital One Secured card.
Plus, this card comes with included car rental insurance offering up to 15 days of coverage for theft or damage of an eligible rented vehicle.
Depending on your initial deposit, your credit line will be somewhere between $200-$1,000 and won't cover car rentals above that.
3
Upvotes
What can I do if I lost my Capital One Secured card? Reply 3votesvotes
Wendy Bush
@wendy_bush14
In case of a lost Capital One Secured card, you should immediately call 1-800-227-4825 to report it.
You can also do it on-line on Capital One's website. Report it by logging in to your account and clicking "Report Lost, Stolen, or Damaged Card" under the "Services" dropdown.
Capital One will lock your card so no one can use it and send you a replacement with a new card number.
Most credit card issuers, including Capital One, offer $0 fraud liability, meaning that once they verify it, you won't owe anything for unauthorized charges made on a lost or stolen card.
3
Upvotes
Secured Mastercard® from Capital One Video Review
Secured Mastercard® from Capital One Reviews
Share your insights and review the Secured Mastercard® from Capital One.
Jan 03, 2013
I never found a need for a credit card up until a couple years ago. When I tried to get one then I had a hard time since up until that point I had no credit history. Then I heard about secured cards, and how you could use them to raise your credit rating. I choose the Capital One Secured Mastercard because it had good reviews, and because Capital One reports to each credit bureau every month.
I only used my card to buy groceries and household things that I could pay off at the end of the month. After about a year using this card, my credit history was good enough to get an unsecured card. I don't need to use this card any more, but it served it's purpose for the time.… show more
I only used my card to buy groceries and household things that I could pay off at the end of the month. After about a year using this card, my credit history was good enough to get an unsecured card. I don't need to use this card any more, but it served it's purpose for the time.… show more
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Jan 03, 2013
I was a first very weary of getting this credit card, but it has been absolutely fabulous! I gave them a deposit over the phone and got my card in the mail with this picture of my choosing on it. At the time they also offered (and I don't know if they still do) a free program to watch your credit. I have had this card for almost 2 years now and my credit went from a 530 to a 690. This card is amazing if you are trying to build your credit to buy big ticket items down the road because unlike the other credit cards the Secured Capital One Mastercard reports to all three credit bureaus every month. Where as standard credit cards report every 3-6 months. But be careful not to miss any payments because it can ruin your credit just as fast as build it. My minimum payment has never been over $15.00 so it's not a really hard bill to scrounge and pay.… show more
Dec 26, 2012
Getting a Capital One Secured Mastercard was a very good decision for me to make. They let you make the opening deposit in parts before you get your card, which was good for me living paycheck to paycheck. I like how they let you increase your limit by paying more, and when I received my card they had upped my limit as well. I have never had a problem using this card and I'm very glad I still have one. Working with Capital One is always a pleasure so I think I'll be a customer of theirs for a long time.… show more
Dec 19, 2012
There are so many obstacles, you have to face when you move to a new place (especially a different country), One of those obstacles is your “Zero” credit history. That means no previous credit history record at all.
You can find a job (by struggling), but still you have to wait long before you can actually apply for a credit card, a postpaid phone, a rental apartment or anything else like that. So when I moved here (to United States), I encountered the same problems. Even though I managed an apartment and got a (prepaid) phone, but I wanted to have a credit card as well (you know the advantages). But I was not eligible for anyone of them because of my zero credit history. So what I did, after some online research, I decided to go with a secure credit card, I paid my deposit upfront as a security and I am ready to go, I can use my secure credit card as an actual credit card (limits applied on the basis of your deposit).
Now, here is the interesting part, even though there are so many other secure credit cards available in the market, but Capital one is different from them (in regards of) they send your credit history reports if required to different companies (if you ask them to), which can be used as a reference and it can really help you in boosting your credit history.
So by having this credit card you are not only enjoying the advantages of credit card but you are also building a better credit history (without worrying a lot). Fees and charges are a little more than the others, but you get so many advantages, so that’s a little price you have to pay.
I love my Secured Credit Card, thanks Capital One.… show more
You can find a job (by struggling), but still you have to wait long before you can actually apply for a credit card, a postpaid phone, a rental apartment or anything else like that. So when I moved here (to United States), I encountered the same problems. Even though I managed an apartment and got a (prepaid) phone, but I wanted to have a credit card as well (you know the advantages). But I was not eligible for anyone of them because of my zero credit history. So what I did, after some online research, I decided to go with a secure credit card, I paid my deposit upfront as a security and I am ready to go, I can use my secure credit card as an actual credit card (limits applied on the basis of your deposit).
Now, here is the interesting part, even though there are so many other secure credit cards available in the market, but Capital one is different from them (in regards of) they send your credit history reports if required to different companies (if you ask them to), which can be used as a reference and it can really help you in boosting your credit history.
So by having this credit card you are not only enjoying the advantages of credit card but you are also building a better credit history (without worrying a lot). Fees and charges are a little more than the others, but you get so many advantages, so that’s a little price you have to pay.
I love my Secured Credit Card, thanks Capital One.… show more
Dec 14, 2012
Since I am trying to build my credit, I looked into a number of credit cards and found the Capital One Secured Mastercard to be a good choice. For the past couple of months I have been using it to pay for things that I know I have the money for and always pay it off by the end of the month. Knowing that the interest rates are quite high motivates me to use it wisely. The great part about this card is that it reports to the three major credit bureaus, which has helped me immensely. I've already seen a jump in my credit score and I am about to start increasing my credit limit. I have not had any problems with this card as of yet, and it has been a pleasure speaking with the representitives. If you're looking for a way to increase your credit, look no further: The Capital One Secure Mastercard is the way to go.… show more
Dec 07, 2012
I got this card a few years back and let me tell you it's a great card. I've always been very fond of Capital One and I'm very happy to do business with them. I chose the secured Visa because it fit's my budget and it if gives me the availibility to pay my bills and buy goods on line. Capital One has great customer service and they have really good online support. I love the fact that I can keep up with my account online. Capital One is a great credit card company to consider if you are thinking of getting a credit card.… show more
12/07/12
i'm just looking to reestablish credit and i was told a secured card that reported to all 3 agencies was the way to go
Dec 07, 2012
I have this card, which is the Capital One Secured Mastercard, and I really like it. I would recommend everyone apply for it. The fees associated with it are very reasonable. I know many people these days are going through credit issues, but have no fear, you can still get this card. I heard nothing but good things before applying for it, and people told the truth. I would recommend this card. You cannot go wrong with it. I've been using it as my second card and it works perfectly for me when doing that. The minimum balance required is pretty low too. There are no problems at all.… show more
Nov 23, 2012
Capital One has provided me with solid customer service every step of the way on this card. That all being said, it hasn't been a perfect experience. I started out with a moderate to low credit score. While the card has improved my credit score, there's a balance of pros and cons. Withdrawing money from the ATM costs way too much money for example. I do think it's useful that it can prevent you from spending beyond what you are capable of, but most responsible users already know what that entails. I did have a few minor hiccups with my credit line but when I got in touch with them, their customer service was awesome and fixed the problem immediately. Overall, this is a very situational card, but if you need to improve your credit score, this is a good route to go.… show more
Nov 23, 2012
Me and my wife choose this card as a way to build credit after having some negative things impact it due to a job loss. We sent in our deposit and received our card about 7 days afterwards. We were really impressed. If you pay your balance in full every month then there is no interest charge what so ever. We have never missed a payment or been late so I really do not know what the collection process is like or anything. And my credit score has jumped 30 points in the last 3 months simply from using this card wisely. We just upped our credit limit from $200 to $1000 and it was so easy! The people are nice and know what they are talking about. So if you are looking for a secured card this really is the one that I would recommend!… show more
Nov 19, 2012
I have this card and it's really worth applying for. I had this card for no more than two months when I had a little situation where someone had stolen the number somehow. They were using the number to buy People magazines from foreign companies and subscriptions to Big Fish. Capital One alerted me immediately and told me to not panic and that I wouldn't have to pay for any of the charges. A month later, I got a letter through the mail stating that they had not applied the charges to my card and issued a new card in place of the old one. I would trust this card and company. They are very thorough and get to you quick with the information if your card number is ever stolen.… show more
Nov 19, 2012
This credit card is an excellent card for anybody who is looking to help rebuild their credit or have no credit established at all. While it does have a $29 annual fee, it didn't bother me since I didn't really have many other choices, but to get a secured card. You can add up to $3,000 in funds on this card which is a really nice. The really great thing about this Capital One Secured Card is that it reports to the 3 major credit bureaus, which has helped me a lot with my credit rating. The main thing I love about this card is that there is no over-limit fee if you happen to go over your max on the credit card.… show more
Nov 19, 2012
I have a secured mastercard from Capital One and I am quite happy with it. I lost myself like many people do with a previous credit card and ended up owing more money than I can afford to pay back. When I got this credit card, it was a little bit of a pain to have to pay the 200$ deposit BUT at least it made me a little more responsible with it. Their customer service is great and they are always willing to lend a hand in times of need. I was able to get them to help me out one month when I was going through my divorce. Since my initial credit problem has been resolved, I have been able to boost up my credit score with this credit card. I am happy with having only this credit card and not fall for one of the rewards cards which in the end you tend to overspend.… show more
Nov 15, 2012
My credit wasn't always good, although I'm glad it is now. I got a capital one secured card and started my credit repair journey. The limit was initially $500 which was great for me to start with. My limit was not the amount of my deposit like most secured cards, but more and I was surprised and excited. I used my card only to pay my cell phone bill and put gas in my car paying the balance off each month. I eventually ended up getting a raise on my credit limit, but continued to use it only for things I had cash for at the time, but wanted to build my credit with. This worked out great for me, as 3 years later I still have the card. Not because I can't get others, but because it reminds me of how far I've come. I keep the card with auto draft for my cell phone bill, and pay the balance every month so there are no interest charges. I would highly recommend capital one to anyone as they started me on my credit building journey and I'm very happy.… show more
Nov 01, 2012
Establishing new credit isn't easy, but this card helped me immensely. The Capital One Secured Mastercard was easy to apply for and has really aided me in getting my credit score back up. The fees associated with the card are reasonable for an account of this type. As is to be expected, the interest rates are high, but when you're looking to raise your credit score, you really should pay the full amount due every month. I've never had to pay interest charges. Another bonus is that Capital One's customer service is outstanding. I've never experienced any sort of problems with getting my questions answered and speaking to a live person without having to wait an hour on hold is a refreshing change of pace. For those who are looking to establish their credit or are just starting to build credit, I highly recommend this card.… show more
Nov 01, 2012
I am trying to stay from credit cards because they have gotten me in trouble before. Sometimes I am short at the end of the month and need a little extra cash to hold me over until I get paid again. I decided to try this card. I really hate the annual fee, but it is much better than paying $3 each time you decide to add money to a prepaid debit. I have been using the card for over a year now and got a credit line increase because of excellent payment history. The interest rate is way too high, but I have been very good about paying my balances on time. So far so good.… show more
Oct 24, 2012
The Capital One® Secured Mastercard® was the best choice for me and for my every need. I had tried many other credit cards before, but they offered me some unpleasant experiences. It’s very important for me to be able to pay all my bills on time, because I don’t want to cause myself any kind of trouble.
Also, another advantage is the fact that all the information I need can be found easily, by calling at their customer service. The staff is very prepared and I like that, it’s very significant.
My overall experience as their client is a good one; there is nothing to complain about and I am really happy that I use Capital One® Secured Mastercard®.… show more
Also, another advantage is the fact that all the information I need can be found easily, by calling at their customer service. The staff is very prepared and I like that, it’s very significant.
My overall experience as their client is a good one; there is nothing to complain about and I am really happy that I use Capital One® Secured Mastercard®.… show more
Oct 24, 2012
This secured card has been a godsend and is one of the best ways to rebuild your credit. As someone who has foreclosed on their home, I have quite a terrible credit score, and convincing credit card companies that you're a new person and are serious about rebuilding credit is very hard, especially in this environment. Using this card, I have been able to rebuild my credit by spending only the amount I have. Sometimes, I may need to purchase some extra items, and the partially secured card means I can actually borrow more than however much I put into it. This has allowed me to use it as a pseudo-credit card while also being able to rebuild my credit after the horrible recession. I would highly recommend this card for those who are looking to recover from financial woes.… show more
Oct 24, 2012
I have used this card to rebuild my own credit after being divorced. I was able to rebuild a bad credit rating and then buy a house after using this card. I will agree with other posters that the customer service capital one gives is not the best. They are sometimes hard to deal with just from a language problem, most of the customer service people have an accent. I used this card to get my credit score up and then move to another card with better befits, with Capital One. I would recommend this card to anyone trying to rebuild credit, it was easy to use and worked great for me. Having good credit makes buying anything easier, so if you need a second chance try this card and I hope it works as well for you as it did for me.… show more
Oct 24, 2012
I couldn't be any happier with the quality and service I received with my Capital One Secured Mastercard! I was at a point in my life last year where I had a rough financial patch and it caused me to make several late payments on the only credit card I had at that time. My credit score dropped badly and I was very worried about how to get it back up. I contacted Capital One and discussed the options with this card and just what I would need to do to get my credit score back up. The customer service agent was fantastic and so friendly. She told me all I needed to know about the service I would get with this card and the steps I would need to take over the next period of time, using this card to help my credit rating recover, and sure enough, now a year later, my credit rating is back up and my confidence and ability to utilize my credit rating is back! I'm so happy I chose Capital One Secured Mastercard and would suggest it to anyone that was in a similar situation that I was in!… show more
Oct 24, 2012
The Capital One Secured Mastercard is a great option for people with bad or limited credit history who need a second chance. I used this card several years ago to get my credit score back on track after suffering from identity theft. Long story short, it was a relative using my social security number, so I decided not to press charges as long as they agreed to pay me back. I got all the money, but the damage to my credit score was already done. The Capital One Secured helped me start rebuilding my credit. Now I'm in a much better position to start applying for other cards and getting better APRs when financing purchases.… show more
Oct 24, 2012
I have used this card for over a year now and can attest to the quality of the services it provides. I have had no problems thus far and am very pleased I chose this card out of the many options I had. I have been notified on security problems once, and I was relieved that I was even notified. It ended up being an error but I think it is nice to know you will be notified about possible identity theft so quickly. The rate isn't great but it's not terrible either. I think using this card while in college would be a good choice, but once there is a better option available I would go with that. This card is good for a student that needs a few extra dollars and highly values being protected from identity theft.… show more
Oct 24, 2012
This credit care really helped be rebuild my credit. I have worked hard to pay it off every month and the difference shows in credit! The Capital One card is the best way to go when looking to improve your credit especially after events such as a bankruptcy. I followed the advice of my credit counselor and contacted Capital One. The representatives at Capital One have been very friendly and helpful. When I talked to them, they gave me several different options on how to improve my credit. They also help me set up my online account to track my spending and deposits. I absolutely love their service and this card! Thank you Capital One!… show more
Oct 16, 2012
I have been waiting 5 months on my inital deposit for the secured card back. I closed the account in June and accoding to Capital One it should have been refunded after 2 billing cycles (No later than September). Five phone calls have not fixed the status and Capital One tells me the deposit was sent out 1 day after closing the account. My address hasn't changed and I'm certain no one steals our mail. Shady Business? Find out for yourself or heed the warning, your choice.… show more
Oct 11, 2012
I have fairly poor credit due to a few bad decisions I made when I was 18. Namely lots and lots of shoes. Now that I am a few years older and wiser and my dreams have expanded to hopefully buying a house one day, I've set about trying to rebuild my credit. Capital one has given me that chance. For the most part my experience over this last year has been nothing but positive. There was possible fraud that they worked with me on. They have the option to make an emergency payment, with a fee of course, wherein they will actually pay your minimum balance one month. I have never needed to use this feature however it's very nice to know that it is there. A few things that I've found frustrating, You do not get an email reminder about your payment due date so often times I've found myself remembering the day that it is due! Secondly, your payment does not process until the next day after you submit the payment online so if you do remember the day it's due you still get hit with a late payment. Overall, it's a great card especially if you are working on rebuilding your credit.… show more
Oct 11, 2012
This card was a great way for me to begin rebuilding my credit, since gets reported to the major credit bureaus. I needed a second chance and this card allowed for me to have one finally. With out having credit in today's world, it can be difficult to make it and to survive. The good thing is that I could rebuild my credit even though I have destroyed it at a previous age.
Oct 11, 2012
I got this card about a year ago. I needed a little help with my credit score, so I was looking for a secured card. I shopped around with different card companies for which card looked the best, and capitol one won hands down. The process to actually get the card itself was very easy. Not only has the card helped me with my credit score, but it has also made my life much easier. After having this card for about six months they also raised my credit limit, without me having to put down more money to secure it. I never realized until I got this card how much easier it would make my financial situation to have a credit card for emergencies. I highly recommend anyone with lower credit to get this card.… show more
Sep 27, 2012
I have a history of poor credit and have had this card in the past. It does have high fees but is excellent for rebuilding credit. Capital One is pretty good about raising limits as long as you use it responsibly too. Over time the deposit becomes a small investment on the return you get in increased spending limit. It also opens up doors to cards with better rates eventually. I have no regrets using this card and would do it again if necessary.I have used it for small purchases to pay the balance monthly but keep most of it free for emergencies, which I have had and used it for in the past. It's like having a small safety net for unexpected moments. I am glad Capital One gives consumers the chance to rebuild their credit.… show more
Sep 27, 2012
I've made mistakes in the past with my credit and it's made it very difficult for me to get traditional cards. In an effort to rebuild my credit I obtained this card a few months ago and have been very happy with it. There's nothing on the design of the card to indicate that it's a secured card so I'm not embarrassed to use it. The few times I've had to call Capital One with questions they've always been very professional and friendly and, I believe, they treat me with the same courtesy as their customers with "traditional" cards. When all is said and done, I wish I could qualify for a regular card but until my credit is rebuilt this is the best alternative.… show more
Sep 17, 2012
The Capital One Secured MasterCard really helped rebuild my credit fast! I didn’t understand the importance of keeping a line of credit open, so when I paid off the balance of my credit card I closed my account. Doing this really damaged my credit score, I always paid on time and I didn’t know that having an open line of credit helps your credit score. I knew that I couldn’t just apply to lots of different credit card companies because that would damage my credit further so I came across this secured MasterCard and finally had an answer to my problem. I can’t thank Capital One enough for offering this credit rebuilding card for people like me who haven’t made the best decisions regarding their credit. All you need is a $200.00 deposit and you are on your way to improving your credit!… show more
Sep 14, 2012
The Capital One Secured MasterCard is a wonderful way to help re-build your credit! I had paid off my entire credit card debit and closed all my accounts thinking that this would help improve my credit, it did not. In fact, closing all the paid for accounts was a negative hit against my credit score. I soon learned the value of credit cards, they help build your credit and part of building your credit is having a credit history with each lender so closing those accounts did some real damage. I could not get an unsecured credit card even though I had almost zero debt, after doing some research; I found that this card, with a $200.00 deposit, was exactly what I needed. Once my credit was getting better, which you can track on their website, my limits went up and so did my credit score. I learned a valuable lesson from this experience and I am thankful to Capital One for offering such a credit saving option.… show more
Sep 14, 2012
I got this card about a year ago to slowly raise my credit score, but it has also been way more helpful than just that. I am not one to indulge in shopping and I am a believer that one should control their spending so I only use this credit card when I need to or for emergencies. It has definitely pulled me out of a tight situation and I am so glad to have had it! My debit card had a hold put on it because of unfortunate fraudulent activity and I was unaware of that until I came to a gas station to fill up my tank. I was in a big hurry and needed to get home to pick up the kids and my tank was empty. My debit card was rejected three times and instead of freaking out, I pulled out my trusty Mastercard and it saved the day. I also needed to complete the weekly grocery shopping that afternoon as well but left without any checks or my debit card, again my Mastercard came to my rescue!… show more
Sep 14, 2012
I got this card eight months ago as my first credit card since I had trouble qualifying for an unsecured card. I went with Capital One they had a lower deposit requirement and they're a well known company. I ended up having to pay a $200 deposit and I received my card within a couple of weeks. After a few weeks I still hadn't gotten the welcome packet so I called customer service and spoke with a rep who was very helpful. So far, I've only had positive experiences with Capital One's customer service. Since having this card it's raised my Experian credit score from 617 to 682 and my Transunion score from 587 to 658.… show more
Sep 14, 2012
I have had this card for over 10 years, in that time I have used it extensively for online and brick and mortar purchases. I have never had to pull out another card, it has been accepted everywhere I have gone. The website of Capital One is easy to log in to and easy to use. You just need to set up a bank account to sweep money from and it will remember it so you can pay the bill easily every month. This card does have an annual fee and sometimes that bothers me but I remember that the card is a service and all services come with fees. The interest rate is typical for a revolving line of unsecured credit so nothing to shout about there. All in all I have never had an issue with Capital One and I wouldn't hesitate to use their products in the future.… show more
Sep 14, 2012
I've had this card for a few months now and I'm so pleased that I chose to sign up for it. My credit score was pretty terrible, and this card is definitely helping. It's nice because I've been able to extend my credit line further than my deposit. It's really helping me to rebuild my credit score. If you need a second chance with credit, this is the way to go. I messed up my credit when I got my first credit card as a young customer. I'm trying to pay off debt and fix my credit score now, so this is where it's at. I've grown up a lot now and am much more controlled in my spending. If you're able to spend carefully, definitely consider this card. Though it's not the most competitive of it's type of credit card, it seems to be great. And Capital One has great customer service - they've been incredibly helpful whenever I've had to call in with questions or problems. Definitely a card worth checking out!… show more
Sep 14, 2012
This card has really worked out well for me. I've had it for about 2 years, and I've never had a problem. The feature of this card that I think is best is the fact that your security deposit doubles as your credit limit, thus not allowing for spending too much outside of your means. Additionally, the credit card reports to the credit bureaus, which, if you pay your bill on time, will halp to improve/rebuild your credit. The interest rates are a little high, but if you pay off the bill in full every time, this doesn't really matter. Overall, I think this is a solid credit card for a younger person with a smaller income.… show more
Sep 14, 2012
This is an awesome starter card. Even though you have to have a $200 minimum deposit to start, once you get going it’s easy to increase your credit line in increments. I think the best part of this card is the credit reporting. This card reports to all three major credit reporting bureaus and as long as you use your card once a month and pay it off you will see improvements in your credit rating in a short time. Not only that, but if you keep increasing your credit limit with deposits it’s reported as your high credit limit making your reports look even better. This is a great card to start with when you are on the road to credit repair, I’ll never be sorry I got it.… show more
Sep 05, 2012
After suffering a number of financial setbacks, I am trying to rebuild my credit. Based on my previous positive experience with Capital One, I thought this secured card might be a good fit. Nevertheless, I had some questions. Specifically, since they pay no interest on the deposit that they hold in escrow, I wanted to know if they charged interest only on purchases in excess of the deposit amount. So, before applying for the card I wrote to their support department requesting clarification about the interest rates they charged on the secured portion of the balance owed. I thought my question was simple and straightforward, yet, to my surprise, Capital One refused to respond via email, citing "privacy concerns."
I found their reticence strange and more than a little bit off-putting.Why are they afraid to tell a potential customer the truth? Therefore, despite my previous experience I decided to look for a company that was willing to be more up-front about the card and any associated cost. I would like to put my faith in them, but not if they are unwilling to be 100% honest with me.… show more
I found their reticence strange and more than a little bit off-putting.Why are they afraid to tell a potential customer the truth? Therefore, despite my previous experience I decided to look for a company that was willing to be more up-front about the card and any associated cost. I would like to put my faith in them, but not if they are unwilling to be 100% honest with me.… show more
Sep 05, 2012
I have had some bad luck in the recent past and I would have to say Capital One has been there for me. There were times that I have been late on a payment or two and without any grief they waived the late payment and did not pry about why the payment was late. My credit is not the best and they gave me a shot with a card and it has been improving my credit. I even started a minimal limit and they increased it a few hundred dollars as my score improved. This was a pleasant surprise and boosted my credit confidence.… show more
Aug 30, 2012
The Capital One Secured Mastercard is one of the best credit cards available to help build credit. I have had this card for a year and a half and when I first got it I had little to no credit. Capital One was the only company I was able to get a credit card through to help me start building credit. Now just 18 months later I have a credit score in the high 700's and have been approved for several major credit cards with high credit limits. Capital One also has a great customer service department that is very helpful in answering any questions you may have. I absolutely recommend this card to anyone, whether you are a student just starting to build credit, or someone who has bad credit and needs help rebuilding it. This card works very well, and as far as I'm concerned is the best option available.… show more
Aug 30, 2012
I have had a capital one secured mastercard for 4 years now and I have found it to be very convenient. As others have posted also, it has helped me build credit and increase my credit worthiness in the eyes of lenders. I have family members that had a shaky start to their adult life and by using a secured card they were also able to build credit even after bad financial decisions. I would recommend this card specifically because Capital One works with their customers and is always understanding and very professional. Payment options are great and as I stated before, even with shaky credit you can dig yourself out of a credit hole by using this card.… show more
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Last updated on: Jun 10th, 2021 at 19:44 ET
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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.
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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 the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Jun 10th, 2021 at 19:44 ET