- Minimum Credit Required: Limited History, Bad
- Network: MasterCard
- Online Response:No
- Secured Credit Card:Min Deposit of $49 - $200
- Build credit with responsible use with no processing or application fees.
- Regular reporting to the 3 major credit bureaus.
- Monitor credit with access to a credit score and other tools.
- 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.
|Annual Fee $29||Monthly Fee None||One-time Fees None|
|Purchase Rate 22.9% (V)||Grace Period 25 days|
|Cash Advance Rate 24.9% (V)||Cash Advance Fee 3% (min $10)|
|Max Late Fee $19||Max Overlimit Fee None||Max Penalty APR None|
If you currently have the Capital One® Secured Mastercard® and are satisfied or you like the terms of this credit card offer please let your friends know.
Share your experiences, thoughts or just ask a question:
- Anonymous User:
I recently got the Capital One Secured MasterCard Credit Card and have no complaints. This is a great card to build up your credit, because your account status is automatically reported to the three major credit bureaus. It’s pretty simple to get started, all you have to do is make your refundable security deposit, which you can even make in installments. After that you will get your card with a smaller credit line, and if you need to increase it all you have to do is add more to your security deposit. Keep in mind that this is not a prepaid card, it is a legit credit card and will definitely help you build your credit back up. Recommended.
May 6, 2013 at 04:11pm
- Anonymous User:
One thing I know is there was a time when I couldn't get credit anywhere, Capital One® Secured Mastercard was the best thing going and took a chance on me. They are not the best with interest rates or fees, but they do come through if you need a "real" credit card. I had to pay a secure fee of $100 and within about a year, they lifted the security deposit per my request. I had made all payments on time. Although a lot of people have them, their specialty seems to be bad or mediocre credit. They do have perks too, so you can cherry pick the card you need based on the perks. In short, they’re horrible with rates and fees, but great to get started with credit.
May 6, 2013 at 03:08pm
- Anonymous User:
I have a pretty common story. I was 18 years old and received a credit card invitation with a card limit of $1000 dollars. This confused me a bit as I was only making $6/hr at the time at my summer job. Needless to say, I feel far behind after putting my books on the card and only having a minor income. Eventually I fell so far behind that it destroyed my credit. After that I was pretty much out of choices to get a new card to establish my credit. Part of rebuilding your credit score is having a good payment history on a revolving debt account. This secured card was a stepping stone to getting back to good financial health. The fees were comparable or better to other secured cards on the mark and has the prestige of a Capital One card. After having this card for a bit I actually received an offer to get a regular Capital One card and my credit score has improved significantly since I have been able to make regular payments.
May 6, 2013 at 01:22pm
- Sevastian Volkov:
I don't have good credit because of medical bills I couldn't pay when I was a teenager. I decided to get a secured credit card recently in order to build it up again. I like my Capital One secured card a lot. I try to use it wherever I can. It's better to me than my debit card, because I don't have to walk to the bank and put money in, and better than cash money because I don't end up with a lot of loose change. The approval process and credit limit is generous, and you can always increase your limit if you so choose.
April 20, 2013 at 02:37am
- Claudia Marmolejo:
This is my first credit card. I put a 200 dollar deposit. It comes in very handy when I am low on cash. I pay it off completely every month. I don't go over the limit. It is supposed to help build my credit. hopefully it does. It hasn't given me any problems. I have used it to pay for food mostly. There is only one annual fee of $29 so its not too bad. Other cards have had higher deposits. I am very happy with my card. I highly recommend it for people who don't have credit and are trying to build credit. They also let you pick a unique card picture for the card so it is a super cute card to have.
April 20, 2013 at 02:20am
- Anonymous User:
As many others, I was a newcomer to the United States and faced problems with credit card applications. After being rejected few times (even in stores), I almost gave up, but then I came across this secured credit card. For a small down payment or security fee this card lets you to enter the credit building game, which is otherwise a Catch 22 situation. First I put down 49 and got the 200 credit limit. Later I decided to add some money, but the additional security fee increased my credit limit only a little. The increase was 1 security fee dollar to 1 credit limit dollar, so consider it before paying more. The card itself has no benefits (no cash back or miles), but opens you the doors leading to other cards with benefits. I was told, that the moment you are approved for this credit card, you can start applying for other ones. Six months later I was approved for two other credit cards, so it really works.
April 19, 2013 at 11:32pm
- Anonymous User:
I can't say enough about the value of this credit card when trying to rebuild your credit! I (like many others) destroyed my credit at a very young age and couldn't get approved for even a store credit card. This card is perfect for rebuilding credit because it has a full 25 day grace period, so if you charge your monthly bills to it and pay them off before the 25 days are up, you will consistently improve your credit rating by a little at a time without paying interest. This is what I have been doing every single month and I have seen a dramatic change in my score. I love the fact that it has a small (29 dollar) annual fee because when shopping other secured cards I found that a lot of them had very high yearly or monthly fees. The approval process was quick and painless! I would recommend this card for anyone looking to improve a poor credit rating quickly and without paying a ton of interest!
April 19, 2013 at 10:44pm
- Ramy Nagah Eskander:
Capital One secured credit card is my first credit card in the USA. When I first came to the USA, I was not able to issue a credit card at any bank because I am new in the country, and do not have a credit history. Many people advised me to open a secured credit account at Capital One. Issuing the card was quite easy. The application process is simple, and does not require a good financial history. I received the card by mail after ten days of submitting the application. The card gives a limit up to three thousand dollars, which is a quite good start. Another good thing is that the card information is easily accessible through the Capital One website. It is straightforward to make payments and deposits either online or on phone. My whole experience with the card is positive and I am happy to have it.
April 19, 2013 at 06:25pm
- Anonymous User:
A few years back (when I was 18) I got accepted for tons of credit cards. Of course, I did not manage them correctly, and spent more money that I had, and ended up with "not so good" credit. I cancelled the cards that I had at the time and slowly paid off my debt, thinking that I would probably never be accepted for another credit card again. About a year ago, I receive a "pre-approved" application in other mail for this card, and decided to give it a go, since I am much more responsible now. Well I do not regret my decision. I love how this card works to help me improve and establish more credit. It is the perfect card for those just starting off, or looking for a fresh start. No Complaints here!
April 13, 2013 at 05:47am
- Peter Gibson:
I was initially approved with $200 credit limit for this particular card. Almost immediately I added enough to bump that up to almost a grand. I paid off my first bill in full and after that I kept making the payment on time for every purchase; as a result, I got a notice from Capital One that they were bumping up my limit by a full hundred with no additional deposit. Needless to say I'm one very happy customer. Plus there’s the added convenience of making payments online. Bottom line is, I have not had a single issue with this card, and it has been instrumental in helping with my credit. But, I know there are others out there with very different experiences. All I can say is that you look into whether or not the card will be right for your needs.
April 12, 2013 at 09:27pm
- Mike Kaduce:
I'll gladly pay an annual fee for a card that takes into account my good spending habits and allows me a credit limit increase as often as this Capital One card. My limit on this card has increased in proportion to my behavior with the card in a way that is much faster than any other card I have or have ever had. The other terms and conditions of the card are fairly normal and straight forward, and I'm glad I got over my reluctance to pay an annual fee because I would have missed out on a great card with great customer service. Love improving my credit score by spending money on this card. Definitely recommended!
April 12, 2013 at 04:22pm
- Kristin Drake-Weaks:
This was the first credit card I ever had. I was only 18 years old when I applied, and had little to no credit. I had already paid off two car loans through my credit union, so I figured to establish more credit, I would open a credit card in my name through Capitol One. I was approved right away, for a credit card with a $500 credit limit. I was thrilled. It has been nearly 10 years now since opening this credit card, and having made all my payments in a timely manner, my credit has gone up significantly. Over the years they have increased my line of credit up to $5000. I am very pleased with this credit card and have never had any complaints.
April 12, 2013 at 01:42pm
- Anonymous User:
I am very uncomfortable using credit cards with the state of instability in the economic market. This credit card is the best option for those who have to use a credit card but do not want to get bogged down in debt. I can't say I'm terribly happy with the customer service that Capital One provides. Every time we pay our bill they log it as a "fraud" charge and we have to call every month and get our credit card unlocked. Capital One cannot explain why this is because we pay from the same account every month. This is a good way to boost your credit score without boosting your debt! I would suggest this card to anyone who is having a problem getting an unsecured card.
April 5, 2013 at 07:08pm
- CyS Studios:
After moving out of my parents house one of the first things I did was get a credit card, which was capital one. My parents weren't very good with explaining why I should have stayed away from getting one, and believe me when I say that the idea of buying something now and paying for it later was very appealing to me at that age, no matter the real cost. In any event I wound up charging too much and not being able to handle the payments, which caused my credit to suffer. So from there I decided to get this secure credit card to pay off my existing capital one debt. I chose it because it's also capital one and I wanted to show how sincere I was about paying them back.
April 1, 2013 at 04:15pm
- La'Shonya Bellamy:
I got my Capital One card when I was a freshman in college (5 years ago). It was my first credit card and I enjoy being a customer of the company very much. They are very easy to work with. When I graduated, there was a period when I was looking for a job. Capital One was willing to work with me and move my payment date back if needed. Luckily my dad was helping me out so I could establish some credit. I'm thankful that Capital One is so understanding and they have helped me establish credit at my young age.
March 29, 2013 at 04:13pm
- John Martin:
I found the Capital One Secured MasterCard when I was looking for ways to build my credit. I was in the process of trying to apply for my first mortgage, and I had absolutely no credit. So, I was browsing credit card sites, and I came across this amazing card! Only $29 annual fee, and they report your usage to the three main credit card bureaus to help establish your credit. I had to put a security deposit down, and that deposit determines how much of a credit line you will have. You can always add more to your deposit later to increase your credit line, and when you decide to cancel your card, you can get your entire security deposit back! I loved that this card helped me get my credit built so that I could branch out and apply for a mortgage and eventually an auto loan.
March 29, 2013 at 02:22pm
- Shan Chaudhary:
The Capitol One Secured MasterCard is one of the best credit cards I have ever owned. It is designed for individuals who are trying to establish or rebuild their credit. There is an annual fee of $29 attached to the card and also a deposit anywhere from $49 to $100 since it is a secured credit card. The application process was very fair and simple and the response was immediate. I had received my card within two weeks after my application was approved and the card itself has a very nice design and nice colors. It came with a nice promotion of no interest on all purchases for the first six months which I enjoyed very much. Their online banking is also very easy to setup and use if you want to manage your account online. You have the option of setting up automatic payments or you could just make a onetime payment, you can also select the option of receiving paperless statements that are available each month on the website and can also be downloaded on your computer for your own records. Capitol One’s customer service is also very fast and easy to use; the representatives are very nice and very helpful in the account management process. I was late with a payment once or twice and both times I called in and requested a fee waiver as per courtesy and they were very understanding and more than happy to waive the late fee for me. My overall experience with this credit card has been very good and I plan on keeping it for many years down the road. I would recommend this credit card to anyone who is not only looking to establish their credit history but to anyone looking for a great credit card.
March 21, 2013 at 11:45pm
- Dominique MamaLife Cloutier:
My experience with this credit card has been entirely positive. I have pretty bad credit and my boyfriend has even worse credit. An unsecured credit card was out of the question, so I researched secured cards. This credit card had the lowest deposit required and had a fast turnaround time. Both my boyfriend and I have this card. It has positively impacted my credit rating since I've gotten this card and when I missed one payment, it wasn't a HUGE ordeal and didn't cost me an arm and a leg. Overall, if you need a secured credit card, this is a great starter card and it does a lot of good for your credit. The company is also understanding and will work with you on payments, if necessary.
March 21, 2013 at 05:16pm
- Tommy Factchecker:
I'm not going to sugar coat this, I got a Capitol One Secured Mastercard because after my divorce I ended up with some pretty bad credit. Rather than apply for a bunch of regular credit cards that would only reject me, and worsen an already ugly scenario, I decided to go into the rebuilding mode and get a secured credit card. I had to be a no fee to apply, and no monthly fee card as I consider application fees a scam. They need to report my new credit to the credit bureaus, otherwise why bother, right? Rebuild, rebuild. I need a high limit, based on my deposit of course, but. this needs to be a "man's card". 4) I want the card to basically roll into an unsecured card after I. prove myself. Sure there are other reasons, but those are the only one's that mattered to me.
March 14, 2013 at 09:36pm
- Liliana Andrea Rathke:
My experience with this card "The Capital One Secured MasterCard" has been quite happy. I had tried many other credit cards before, but they offered me some unpleasant experience. Capital One is pretty good about raising limits as long as you use it responsibly too. Other great thing about this Capital One Secured Card is helped me start rebuilding my credit. Once my credit was better, which you can track on their website, my limits went up and so did my credit score. The online payment interface is very user friendly, you are able to schedule payments, cancel payments, change payment dates all with the ease of a few mouth clicks. Thank you Capital One.
March 6, 2013 at 09:26pm
- Estebon Gomenez:
This is the card that started it all! A couple of years ago when I was just starting out at 18 years old, I had no history on my file. I desperately needed to build my life and after being turned down so many times by other companies, I was losing hope. I saw an ad online for Capital One Secured Mastercard and I saw that it was recommended for new people with little or no credit. I signed up quickly and within 2 weeks I already had my card! Capital One trusted me and gave me the chance and since then I have built up my credit nicely, paid them off and still have this card with a substantial raise on the credit limit. Thank you so much Capital One for making this card available!
March 1, 2013 at 07:28pm
- Daniel Lopez:
I absolutely love this card. As someone with limited credit history, this was a great way to get some positive feedback on my credit report. For my particular offer, I was given 0% APR for 6 months and a $39 annual fee. I plan on using my card exclusively in the introductory period and pay everything off once that time is up. I used to be afraid to have credit cards before but now see that it is necessary to prove to lenders that you can be trusted. I have big plans in the near future with purchasing a new car and renovating my home and I believe that this card can help me achieve my goals. I am planning to ordering a new card with a custom image.
February 21, 2013 at 08:05pm
- Latonia Hurtado:
I filed for Chapter 7 Bankruptcy after having much financial distress. I found myself being in a situation in which I had to rebuild my credit a few years ago. I did an internet search and came across the Capital One link to apply for a credit card. I completed the application for a traditional card; however, I was directed to the secured credit card page. I accepted the offer after which I had to put down a deposit of my choosing with a minimum amount of $200 or more. The process was very easy. Once I deposited the minimum amount, Capital One issued my card. I mainly used the card for travel expenses or for rental cars and it has really been a good card to have since it is helping me get back on track. I pay my bill on time each month and even increased my credit limit.
February 11, 2013 at 07:30pm
- Brad Roylston:
I had to rebuild my credit after my mom got a hold of my banking information. I had to put down a minimum deposit to secure my card but after that everything was good to go. I just use this card for gas and such. I always pay it off at the beginning of every month to make sure I don't have any bills or interest charges. It is really nice using this card though because it does help you get your credit back on track and I have noticed that my credit score has been going up over the last 6 months that I have had it.
February 11, 2013 at 07:07pm
- James E. Walker:
I managed, like I suppose many other people, to ruin my credit rating by not paying attention to what I was doing, and used the card to rebuild my credit. Another great use it has, for someone that doesn't qualify for a traditional credit card is this: there are certain purchases, like renting a car, for example, where having a credit card, not a debit card, is actually necessary, and this card fills that bill. It's easy to sign up and get the card, and just use it like any other credit card once you get it. Of course you will want to make sure you use it CAREFULLY, as this type of card can be used to build, or re-build your credit.
February 11, 2013 at 04:55pm
- Mark Will:
I had one of these cards some years ago, when I needed to rebuild my credit after an ex-fiance gleeefully ruined it for me through use of my card. It was simple enough, qualifying was matter of having the money to "place on hold" in securing the card. Using it was normal, like any other card, and it helped for that. I went out of my way to make smaller purchases, and keep the balance low, so I could pay it off with ease every month, in order to avoid the rather high interest charges the card has. All in all though, it was very worthwhile to get, and using it helped accomplish my goal of once again having good credit.
February 8, 2013 at 09:20pm
- Ryan M. Usher:
This was my starter card a few years back, and with virtually no credit, it was the best I could manage at the time. I don't use credit cards very often, and the only thing I used this one for was small purchases I'd pay back quickly, so while the interest rate is really high, it did not prove to be a very big deal for me. The few issues I've ever had with it, I've had no trouble resolving to my satisfaction. I'm glad to have it in case of emergencies. Overall, I'm pretty satisfied with the card, it's good for a person like me, who doesn't want to worry about being tempted by a high credit limit.
February 8, 2013 at 07:30pm
- Anonymous User:
I have carried this card with me for several years. It is actually the only card that I currently carry with me. I was in the process of getting rid of my credit card debt and decided to keep this one. I have had no issues finding places that accept Mastercard as opposed to Visa. A small deposit was required but I was able to get approved shortly after. Customer service has been adequate for a credit card company. Not perfect, but they have definitely taken care of any issues I have had in the past. Overall a very good card that I recommend to friends and family. I would not hesitate to apply for this card again if I was in need of a new card. Capital One is one of the better options out there for sure.
February 1, 2013 at 06:08pm
- Michelle Kellum:
I used this card a few years ago when I needed to build my credit back up. It was recommended to me by a friend who had recently used it for the same purpose. I like that I was able to put down a relatively small deposit and get a larger credit line than some other similar cards. The interest rate is pretty high, but that's only to be expected on a card that is meant for people with less than great credit. Capital One has a good reputation as it is, and I was satisfied with their online experience and their customer service representatives anytime I had to call about something. I was able to successfully build my credit up while using this card. I have since had a regular credit card with Capital One also and have had a good experience with them again. I really don't think you can go wrong with Capital One.
February 1, 2013 at 04:51pm
- Tyler Smith:
I have had this card for two years. I opened it with the maximum deposit at the time which was 3000 dollars. I was never offered a limit increases despite my score improved dramatically over the years and to the point where American Express offered me a gold card. I finally closed it about a week ago because I hate the fact that my money was sitting there doing nothing. It’s messed up now I have to wait two billing cycles to get my money back……that’s TWO MONTHS! Also they said they are not going to transfer it electronically it’s to be a paper check. Over all I am grateful it contributed improving my score over the years albeit how small. Their online experience is average. You will be able to pay your bill online and check your statement etc. They do report to all three credit bureaus automatically which is great. If you are thinking about opening a secure credit card check out other banks, search on google for secure credit cards. Now days most of them offer an interest pay on your deposit money and I would ask the procedure when it’s time to close the account. Good luck!
February 1, 2013 at 03:28pm
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The card information shown on this page was last updated: June 6th, 2013 at 5:14 EDT
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