Capital One® Secured Mastercard® Capital One<sup>®</sup> Secured Mastercard<sup>®</sup>
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5 5stars

Capital One® Secured Mastercard® Review

Apply for a Capital One® Secured Mastercard®
Bottom Line:
Great choice for rebuilding your credit history; no annual fee; strong choice for those with poor credit; includes 3-bureau credit reporting

Full Review:
The Capital One® Secured Mastercard® is a secured credit card, a good choice for individuals who have no or limited credit history, or have past or current credit issues. We really like this card because it reports your payment history to all 3 credit bureaus, so you can build and improve your credit by paying your card on time each month. Whether you choose to pay the minimum payment on your balance, or pay your card in full each month in order to avoid finance charges, the positive financial action will assist in boosting your credit. Another big plus is the fact that no one will know that this is a secured card, including the credit bureaus. It looks and works just like a regular credit card. The icing on the cake is that there is no annual fee - a relative rarity for secured credit cards and a very nice perk indeed.

Highlights From Capital One
  • 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, determined based on your creditworthiness
  • 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

Secured Credit Card
  • Guaranteed by your funds, which act as a "security deposit" in case you default on the loan extended by the credit card company.
  • Security deposit will be refunded in full if your account is up-to-date and paid on time when you close out your card.
  • Looks and works like any other credit card, so it won't be apparent to others that this is a secured card.
  • You fund the card by depositing $49, $99 or $200 into a FDIC-insured account. Deposit amount is based on your credit history.

Helps Credit History
  • Helps boost your credit history by reporting to all three credit bureaus every month so you can establish or rebuild your credit.
  • Looks like any other credit card on the credit reports - there is no indication that you have a secured card.
  • If you make your payments on time, you can help improve your credit score with good payment behavior.

Fees and APR
  • Annual Fee: $0.
  • Foreign Transaction Fees: None.
  • Purchase APR: 24.99% (Variable).
  • Balance Transfer APR: 24.99% (Variable).
  • Balance Transfer Fee: $0.
  • Terms and Conditions

Apply for a Capital One® Secured Mastercard®

If you have a question or concern we haven't answered on our site, please let us know. Due to volume, we aren't able to respond to every question, but we answer as many as we can.

Card Details

Type of Card:Secured Mastercard for those with poor or no credit
Purchase APR:24.99% (Variable)
Secured Card Deposit:$49, $99 or $200
Annual Fee:$0 annual fee

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