Capital One® Secured Mastercard®

Capital One® Secured Mastercard® Sponsored Card
Required Credit Score: Limited History, Bad
Minimum Security Deposit: 49, 99, or 200
4 3091 reviews   Write a Review!
Apply Now
at Capital One's
secure site
JUMP TO: APRs | REVIEWS | Q&A | CUSTOMER SERVICE INFO
Existing Cardholders
 
 
 

Capital One® Secured Mastercard®'s Key APRs & Fees

  • REGULAR RATE 22.9% (V)
  • GRACE PERIOD 25 days
  • ONE-TIME FEES None
  • MONTHLY FEE None

Capital One® Secured Mastercard®'s Highlights

  • Build credit with responsible use with no processing or application fees.
  • Regular reporting to the 3 major credit bureaus.
  • Get free access to a credit score, credit report, and credit tips using Credit Tracker.
  • Your security deposit can get you a line up to $3,000.
  • You may qualify for a credit line increase based on your payment history and creditworthiness.
  • Use it like any MasterCard credit card, accepted at millions of locations worldwide.
  • Build a financial foundation you can stand on with a card that gets you started.

Capital One® Secured Mastercard®'s Additional Info

  • MAX LATE FEE   $19
  • MAX OVERLIMIT FEE   None
  • MAX PENALTY APR   None
  • FOREIGN TRANSACTION
    FEE  
    None
  • CASH ADVANCE RATE 24.9% (V)
  • CASH ADVANCE FEE 3% (min $10)
Apply Now
at Capital One's
secure site

Capital One® Secured Mastercard® Reviews

 
Your Rating: 0 edit
Your Rating:
0
1 2 3 4 5
 
4.2
Overall Rating: 4.2 / 5
Total Ratings: 3091
Sort by:
Apr 9, 2014
Photo of Stephen M.
5
By:
The Capital One Secured Mastercard is one of the good ones out there for someone who wants to start building a credit score or someone who has a bad credit score. but the interest rate is a bit high and there are no great rewards compared to some other cards like the chase mastercard.
Mar 26, 2014
Photo of Cheryl R.
4
By:
I love having this card for my first time credit card. I feel like it really helped me at my beginning steps of having and using a credit card. The company really helped me in the process. Now I feel. comfortable with the idea of having a credit card.
Mar 26, 2014
Photo of Nadine P.
5
By:
This would be a great card for someone who is getting their first credit card or for someone wanting to rebuild their credit.I like that there is no application fee or a monthly fee and i like that they report to all 3 major credit bureaus.The Capital One Secured card is 100% better than American Express,which a lot of people have just stopped using lately because of their high fees.I really like the simple terms of this card,easy to understand!
Mar 21, 2014
Photo of Derry P.
3
By:
The Capital One Secured Mastercard is a great starter credit card. Although I wish there was some sort of awards feature attached to it (like my Chase IHG Card that earns points toward stays at qualified IHG hotels),the fact that it is a secured card works to your advantage if you're just rolling with a credit card. The low credit limit will not stay low for long if you use it responsibly!
Mar 14, 2014
Photo of Kayla S.
4
By:
I love my capital one secured mastercard. I chose this one to start raising my credit score. it may start you out with a small credit line, but this is a secured card we are talking about.. but increases are easily attainable if you keep up with your payments. the app on my iPhone is my favorite. easy to keep track and submit payments on time. :)
Mar 3, 2014
Photo of Gregg M.
4
By:
I've had the Capital One Secured Mastercard for a little over a year now, and have to say it is one of the better cards with which one can easily build better credit. Capital One provides easy and convenient online banking/credit solutions with which you can easily schedule automatic or one-time payments, and manage disputes and customer support related queries with ease. I have already seen an increase in my credit line and credit score since using the Capital One Secured Mastercard. I highly recommend it!
Feb 26, 2014
Photo of Rhonda A.
5
By:
The Capital One Secured MasterCard is an excellent choice for establishing or reestablishing your credit. It even offers minimum-security deposits as low as $49. The fees and interest rate may be a bit high in the beginning; however, after you show your creditworthiness to the company they will increase your credit limit up to $3,000. In addition, I really enjoy the benefit of being able to monitor my credit and keep track of my credit score and that they regularly report your current status to the 3 major credit bureaus. Starting off with this card is an excellent choice and it will give you the opportunity to show your credit more
Feb 26, 2014
Photo of Erin S.
5
By:
This card is amazing if you are looking to improve your credit! I had bad/poor credit when I started with this card, with in a few months of on time payments my credit score increased by several points!! And over a year later I am able to get approved for stuff I wasn't able to in the past.
Feb 21, 2014
Photo of Dion P.
5
By:
When I first moved out on my own I had no credit history and my car was going to need to be replaced in the near future. This card helped me build up my credit inside of a year and I was able to apply for and get a car loan in time to replace my car! The 22.9% rate is not great but I carried a very low balance in order to keep improving my credit rate, by showing a consistent balance and consistent payments.
Feb 19, 2014
Photo of Stephanie T.
5
By:
This card is amazing for people with poor credit, like myself. Due to circumstances beyond my control, the home that I owned was foreclosed and left me with terrible credit. The Capital One Secured Mastercard is helping me to rebuild my credit in a very hassle-free way! There are no hidden fees with this card, which makes it unlike many other cards out there. The security deposit is also very flexible, and the credit line increases with prompt payments. I think that the interest rate is competitive compared to other cards available, at least for being a card for people with bad credit. My credit rating is already beginning to more
Feb 14, 2014
Photo of Erin K.
5
By:
The Capital One Secured Mastercard is overall a great card. With no processing or application fees, this card is really easy to get started and get using. As it says, it helps build up that credit, and it is a good card to use if you need that credit built up. It really is just all benefits with very little down sides. No hidden fees, or annual costs you have to pay, and even the late fee is lower than most other cards. The monitoring credit tool is also a great feature of the Capital One Secured Mastercard, and really helps those of us with low credit get back on more
Jan 28, 2014
Photo of Jaclyn C.
5
By:
This card is a true God send for those who have poor or little credit! my favorite thing about the Capital One Secured Mastercard is that your security deposit can get you a line or credit up to $1000. Compared to an American Express credit card, this is the absolute best. While the interest rate is high, it is worth the cost to those who need to rebuild positive credit.
Feb 10, 2014
Photo of Neatria B.
Neatria Brooks
I agree.The ability to easily raise your credit limit with a deposit and the potential to earn a higher limit made this card stand out from the rest. Although the interest rate is a bit high, it's a great way to rebuild or build your credit .
Jan 27, 2014
Photo of Tony R.
4
By:
the Capital One Secured Master Card was very easy to sign up for. it was my first credit card and i got approved with no credit. the yearly fee is very reasonable but it does have high interest rate but that can be avoided if you pay your bills on time. also their online website is easy to join so i can see my statements online and pay my bill with little effort. their customer service is also very good I have had a couple of issues with my statement but they got fixed right away. i highly recommend this card to anyone starting with their first credit card.
Jan 12, 2014
Photo of Brianna A.
4
By:
Capital One Secured Master Card was very very convenient for me and is accepted almost everywhere. The payments are incredibly reasonable (minus the high interest rate, which is understandable. Just pay your bills on time). Customer service are friendly and understanding to the ups and downs of life and are lenient. I enjoy the ability the have to see statements, and make payments online. There are very helpful and I know numerous friends who are currently enjoying the services they provide.
Dec 24, 2013
Photo of Scott B.
4
By:
The Capital One Secured MasterCard is a great credit card for students looking to build their credit. I had trouble establishing credit without a full-time job and this card allowed me build up enough to get an unsecured card. I enjoyed being able to use the card anywhere MasterCard is accepted. I'm giving the card 4 stars due to the annual fee, but otherwise this is an excellent card.
Dec 19, 2013
Photo of Rob D.
4
By:
I really like the Capital One Secured Mastercard because you can have limited history or bad credit to get it and start building up your credit or making it better. A lot of cards will deny you and then you can't have a chance to make it better and this one lets you do that. The only fee is an annual fee which is pretty good for a card like this and it's not a big fee either. Also, if you do well you may qualify for a credit line increase based on your payment history and creditworthiness. It's got a great score already so i know a lot of more
Dec 5, 2013
Photo of Chelsea M.
4
By:
The Capital One Secured Mastercard is a great card to start out for someone who has no credit or trying to rebuild. I applied for this card several months ago, was approved and have been steadily building my credit. The interest rates may be a bit high but its expected. The annual fee at $29 isn't too high. Id recommend this card to family and friends.
Nov 29, 2013
Photo of Constantina H.
4
By:
Capital One Secured Mastercard. I applied for this card about 2 years ago while rebuilding my credit. Initially I made a deposit of $200. 3 months later I made another deposit to increase the credit limit. My deposit was not applied to my account for a number of day and I called the CC company to check on the status of the deposit. I was told that they had to verify the account in order to credit the deposit, funny thing this was the same account the initial deposit was withdrawn from. After talking to a supervisor Capital one corrected the situation and my second deposit was credited the next day.
Nov 20, 2013
Photo of Nina A.
4
By:
I've used this card to rebuild my credit and so far, I haven't had any problems. Unlike some secured credit cards offered in the bad-fair category, this card is completely legit. There are no hidden fees, and the annual fee of $29 is manageable. As long as you pay off your balance every month, you'll be fine. CapitalOne will report to the three credit bureaus on a regular basis, so if you are on good terms with them, your credit score will increase. The only downside is the slightly high APR, but considering the other cards in the same category, this card is still a pretty good deal. Also, this more
Nov 19, 2013
Photo of Thomas B.
2
By:
This is really for someone who's had a bankruptcy discharged or foreclosure to rebuild credit. After the financial meltdown it was handy to get, because a lot of credit card companies suddenly went into a really strict screening process to get a regular one. As self employed I went with this just to have something to use again. Pay it in full every month, and it will help to get a better rate regular card. The cost seems unfair to pay an annual fee on a secured card, but it's still a pretty good way to dig yourself out of a credit rating hole. Compared to prepaid cards like gift more
Nov 16, 2013
Photo of Roxane B.
5
By:
I feel that my credit card is a great way to buy what you need with too much interest. I can expect low monthly payments and use it when I need cash advances. I have used it to pay repairs for my car and transfer balances when I need to pay my car note. My daughter has the same credit card and loved using to pay for her college expenses and every month she has had low monthly payments and never had any trouble with rising fees, like I never had any problems with this credit card. We used both of our credit cards for hurricane trips and were able more
Nov 11, 2013
Photo of Andi R.
3
By:
This is an OK card. The APR is low due to the fact it is a secured credit card and is useful for rebuilding credit. As someone with low credit I found it easy to apply for the card and there where no hoops to jump through. I would have liked it if they had offered some kind of rewards but as rebuilding credit is the goal of the card I cant complain too much. When you add funds they have made it easy and quick.By the end of the first year your credit should be better and you can move on to another card. Overall if you need a more
Nov 11, 2013
Photo of Ric R.
4
By:
I’ve had bad credit due to bankruptcy for a long time, but thankfully the Capital One Secured Mastercard was available for me and it’s been a pleasure to use. I am trying to build up my credit and by using this secured card, which does report to the 3 major credit bureaus, I can get back to a more stable credit score. There is an annual fee, but it is certainly bearable in comparison to other cards. Take note that this is a certified Mastercard so you can use it practically anywhere. The purchasing rate is a little better than other cards, but it’s still high so please take note more
Nov 6, 2013
Photo of Kierra M.
4
By:
This card is great for those looking to establish credit. Or those individuals that have low credit history. It's super simple to use. I also like the fact that the fees are up front so you know what your getting. There is a deposit of $200 that is required. The easiest way to make sure that build your credit is to buy small items and pay them off right away. That way you know exactly what your money is going towards. Saves you the hassle of hurting your credit in the future.
Nov 4, 2013
Photo of Corbett T.
4
By:
This is a really great card to have. I have never had an annual fee on mine which is the number one big thing for me. I got this card a while back when I hadn't established much credit history, and it was easy to get. I have heard that it is still the same way. Another great thing is the website. It is very user friendly and easy to navigate. I can always check my account, and it is updated quickly. Also, every now and then I have forgotten to make my monthly payment. They will charge you a fee, but if you have had good payment history, they more
Oct 22, 2013
Photo of Romi L.
5
By:
This card is great for non-credit or low credit history. I moved to this country 6 years ago and even though I'm American, I didn't have a credit history so every credit card that I applied for was denied. I came across this card, you just pay $49 and they deposit $200. You can start using the card and building your credit. The more you deposit the most money you get. I used for a couple of months and then finally got another credit card. When I canceled the account, they refund me the money, It was great for me!! Oh and I forgot you can use this card abroad more
Oct 10, 2013
Photo of Connor F.
5
By:
I got this card to finally build my credit after I realized how far behind I was. I knew nothing about credit cards before this other than I really needed to get one to prepare me for the future. Unfortunately, I had to pay a deposit of 200 dollars, but that gave me a good credit limit. I was told my friends and family that a lot of credit cards have a monthly fee, but this one has no fee, which is great. There is a 29 dollar annual fee, but that's not a big deal at all. All in all, I'm glad I got this card. Also, there is more
Oct 2, 2013
Photo of Adam H.
4
By:
Only recently have I paid attention to my credit score and - no surprise - its not the greatest in the world. While researching how to best improve my credit rating I came across the Capital One secured card, and it has been a good experience. I will go to the grocery store and spend about $150 each month and then immediately send a check in to pay the balance. This way I never have to worry about the interest rate and build up my credit. I've never had any issues and they report my payment status regularly, which has increased my credit rating. I highly recommend this for anyone more
Sep 30, 2013
Photo of Allison D.
5
By:
First of all let me just say that capital one has the best credit card deals ever. You don’t have to have A+ credit to get one, and they don’t make you feel bad about your current credit status. The Capital One Secured MasterCard they offer is the best. This card also gives you the chance to build credit. The card only requires a small deposit, so maintaining the credit card is easy and attainable. I also love the low fees associated with the Capital One secured MasterCard. Applying for one is quick and easy, and they let you deposit the money for the card as soon as you apply. more
Sep 26, 2013
Photo of Robb H.
4
By:
I had pretty bad credit and was just excited to get any credit card to accept me, I didn't really care about how bad the card would be as long as it worked decently enough. But thankful I was surprised that this card was better than I thought it would be. I know it is very basic and the interest rate is a bit up there, but this card works exactly like you think it would and there is no hidden tricks to beware of. I think of it this way, it is a very good and secure card to use as a stepping stone to a better one, but more
Sep 12, 2013
Photo of Hollie B.
4
By:
The Capital One Secured Mastercard is great for someone starting out with a credit card or trying to rebuild their credit. The interest rate is high however that isn't really a shock compared to other cards. There are no rewards and overall it is very basic, It meets my needs and although it is basic there are no surprises. There is no monthly fee but an annual charge of I believe 29.00 per year which isn't too bad. I opted for this card because of its appeal as I am trying to rebuild my credit and I can say it is a great choice and fit for me.
Sep 6, 2013
Photo of Calvin H.
4
By:
As someone who knows quite a few people with ruined credit, I can say that this Capital One Secured Mastercard is great for getting back on track to rebuilding credit. The $3000 secured limit is nice as it allows one to stay under 30% utilization and still be able to spend quite a bit. Regular reporting to the major credit bureaus is awesome for getting your credit score up as quickly as possible, and Capital One is a great bank. Also, since this is a Mastercard, you can expect great service from them whenever you need it! Great card for those who wish to get a fresh restart on their credit.
Sep 6, 2013
Photo of Jimmy V.
4
By:
This was my first credit card and as such it has functioned greatly. You have to understand that this card is for people who have not had credit before. While the down payment may seem high to some, it is not nearly as high as other secured cards. My previous card had a minimum of $500 and then i could only have that much as my credit limit. The annual fee is also relatively low which makes it affordable. I do not think anyone should be concerned about the APR because, especially with a secured card, i dont think that anyone should be carrying a balance and not paying off more
Aug 30, 2013
Photo of Kelly D.
5
By:
I have had this card for about a year and have been very satisfied with it. It does have a high interest rate, but I feel like that’s something that you generally have to accept when your credit is in such a condition that you need a secured credit card. I paid a slightly higher deposit than some, but the deposit works on a sliding scale so if you’re at the “not quite so awful” end of the bad credit spectrum, you may pay a lower deposit. Capital One began reporting to all three credit bureaus immediately, which I really appreciate. Just using the card and paying the bill on more
Aug 28, 2013
Photo of Michael H.
3
By:
I have a Capital One unsecured card which is similar to this secured card in terms although it has no annual fee. I had an Orchard bank secured card in the past which I used to build up my credit so that I could get unsecured cards. That’s all this type of card is really good for. If you can get an unsecured card with better terms, you’re much better off doing that. If you’re just starting out, a card like this may be your only option which is better than some other options out there as Capital One is a major company and your information is more secure. more
Aug 23, 2013
Photo of Steven G.
3
By:
The Capital One Secured card is a great started card which is riddled with flaws. On one side of the spectrum, the card is a perfect card for people with little to no credit, it helps people get started on the long road of credit. In that aspect, it's one of the best since they usually accept application from just about anybody. The negatives of this card would be the ridiculously high interest rates, which are far more than what other cards offer. The biggest flaw is the down payment you need to make in order to be accepted for the card. It is about $250, which is too high. more
Aug 21, 2013
Photo of Nick M.
2
By:
The Capitol One Secured Mastercard is your general, please help me I have limited or bad credit history card. The biggest downside is that it is MasterCard. Most places take visa, some take MasterCard, so you have to deal with that issue. It has an annual feel, which if you forget about can majorly derail you with fees and late payments. You can put in a secure deposit which you benefit off because its what you use. You also get credit scores from 3 bureaus. I'd try staying away and move toward the visa secure card of Capitol One, just so you don't have purchase issues. If you need to more
Aug 19, 2013
Photo of Bela K.
1
By:
The Capital One Mastercard is not too great in my experience. It was my first credit card, but I still use it occasionally to build my credit. The thing I hate the most is the annual fee. The late fee is pretty bad as well. It all adds up if you miss one payment. There is also no max over limit fee. The good thing that is if you were like me and needed any card to build credit, then this could be the one for you. You don't need to have good credit to apply. Other than that, go search for a better deal in another credit card.
Aug 15, 2013
Photo of Richard A.
5
By:
Don't get stuck on the wrong side of the railroad tracks without a Capital One Secured MasterCard. This has gotten me out of quit the jam and allowed my credit to build slowly over the last year or so. Always have a backup plan, be safe with a reliable line of credit. Just remember to pay your balance off.
Aug 9, 2013
Photo of Harry K.
4
By:
This last year I have been really trying to get my credit up. In order to do that I needed to get a 2nd credit card but having a very difficult time finding one that would approve me, that was until I found the Capital One Secured MasterCard. It only took about two minutes to apply and I was approved right then. The best part was that it only required a 200 deposit. Most of the other secured cards I was considering required 300. For me the main deciding factor was the 22.9 APR. I know it sounds like a a lot and it would be if there were a more
Page: 1 · 2 · 3 · 4 · 5
 
Sep 26, 2013
Photo of Kelly S.
By: Kelly Schuetz
Is there a minimum of what I have to spend per month?
Sep 27, 2013
Photo of Card H.
Card Hub
You'll be required to submit a security deposit in order to open this card, but there is no mandated ongoing spending requirement. In other words, you can choose to lock your card away in a drawer, never use it to make purchases, and still build credit. Regularly making purchases and on-time monthly payments will expedite the process, but actually using your card isn't worth the risk if you don't trust yourself to spend within your means.
Dec 5, 2012
Photo of Erica B.
By: Erica Brennan-Knapp
how long does it take to get the card once you pay the deposit?
Dec 5, 2012
Photo of Card H.
Card Hub
According to Capital One's FAQ, the card will be sent to you immediately after you pay the deposit. So you shouldn't have to wait more than a week or two. You can always contact Capital One's customer service if your card is taking longer to arrive than you hoped.
Dec 7, 2012
Photo of Erica B.
Erica Brennan-Knapp
thank you so much for your help!!
Aug 13, 2012
Photo of Draggonfly M.
By: Draggonfly Moon
I don't like not being able to pay my monthly bill with my dbbit card. It is incovenient for me, as I don't use checks. the debit card is the way I keep track of my bill payments.
Jul 27, 2012
Photo of Duwanda J.
By: Duwanda Judson
How much would my monthly payment be monthly
Jul 27, 2012
Photo of Card H.
Card Hub
The monthly payment on a secured card is the same as what you would expect on any other credit card. Usually the max of 3% of your outstanding balance or $15.
Editor's Pick

Capital One® Secured Mastercard® is an Editor's Pick for:

Related Credit Cards

If you are interested in the Capital One® Secured Mastercard®, check out the following credit cards as well:

 
Related Credit Card Categories

Capital One® Secured Mastercard® is related to the following categories:

We work hard to present you with the most accurate credit card information, however, this information does not originate from us and thus, we do not guarantee the accuracy of the information. Certain offers originate from paying advertisers, and this will be noted toward the top of the page using the designation "Sponsored Card", when applicable.

Regardless of advertiser status, none of the information on CardHub constitutes a referral or endorsement of the respective issuer by us, or vice versa. Furthermore, it is important to note that the inclusion of non-sponsored cards on CardHub does not indicate that issuer's involvement with the site. Information is displayed first and foremost for helping consumers make better credit card decisions.

Once you click the "Apply Now" button, you will be directed to the issuer's website. Before applying, we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences related to the Capital One® Secured Mastercard® shown on this page.

Last updated on: Apr 15th, 2014 at 8:33 EDT