Capital One® Secured MasterCard®

Required Credit Score:
Bad
Minimum. Security Deposit:
$49, $99 or $200
5,310 reviews   Write a Review
Apply Now
at Capital One’s
secure site
JUMP TO: APRs | REVIEWS | Q&A | CUSTOMER SERVICE INFO
Existing Cardholders
 
 
 
Change my rating to: Excellent

Capital One® Secured MasterCard®’s Key APRs & Fees

  • ONE-TIME FEES None
  • ANNUAL FEE None
  • MONTHLY FEE None
  • REGULAR RATE 24.99% (V)
  • GRACE PERIOD 25 days

Capital One® Secured MasterCard®’s Highlights

  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99 or $200, 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

Capital One® Secured MasterCard®’s Additional Info

  • MAX LATE FEE   $35
  • MAX OVERLIMIT
    FEE  
    None
  • MAX PENALTY APR   See Terms
  • FOREIGN
    TRANSACTION FEE  
    None
  • SMART CHIP   Yes, chip-and-signature
  • CASH ADVANCE
    RATE
    24.99% (V)
  • CASH ADVANCE
    FEE
    3% (min $10)
Apply Now
at Capital One’s
secure site

Customer Questions and Answers

Don't see what you're looking for? Submit your question about Capital One® Secured MasterCard® to our community.

What's the deposit amount?
Reply

Photo of Card H.
Aug 28, 2014
You are required to deposit at least $49, $99 or $200. The exact amount is determined after the company reviews your application information and credit history. If you are approved you will receive the minimum credit line of $200. Then if you want you can make additional security deposits which will increase your credit line by an amount equal to the deposits. You maximum credit line is $3000.
View 1 More
19 Votes 25 6

How long does it take to get the card once you pay the deposit?
Reply

Photo of Card H.
Dec 5, 2012
The card will be sent to you immediately after you pay the deposit. It usually takes 2-3 weeks following the account approval to receive your Capital One credit card in the mail. If you need your card faster, you can pay $16 for expedited shipping and get it in 2-3 business days. Hope this helps.
View 1 More
19 Votes 28 9

How to make a higher deposit?
Reply

Photo of Card H.
Sep 9, 2015
You will be required to make a deposit of $49, $99 or $200, depending on your credit history and current financial health, and you will find out which one it is after account approval. Unfortunately, you won’t be able to add to your deposit over time, as is the case with most standard secured credit cards (this is a partially secured offer). You may, however, be eligible for credit line increases over time based on your creditworthiness and payment history. More information about credit limit increases can be found here: cardhub.com/edu/how-to-increase-credit-limit/
11 Votes 24 13
Show More Questions

Customer Reviews

Share your insights and review the Capital One® Secured MasterCard®.

Your Rating
Delete Review

3.9 out of 5

5,310 reviews
38%
28%
21%
8%
5%
Photo of Card H.
Oct 3, 2015
The Capital One Secured MasterCard is like the Holy Grail of bad credit. It’s a uniquely consumer-friendly bridge back into the world of unfettered financial access for people with negative marks on file, charging no annual or monthly fees and offering the promise of a credit line in excess of the security deposit you’ll be required to place when opening an account. In other words, it will help you get your credit-rebuilding project started without exacerbating your problems through the burden of fees or by withholding an emergency credit line should you need it.

Perhaps its biggest drawback is a 24.9% regular APR that is well above the industry average for more
Photo of Alison L.
Jul 17, 2016
This card was recommended to me by my father, after I came to him asking about which credit card would be best for me in my married life. He recommended this card, as the down payments were relatively low, and could be made lower based on how well i am doing in my job. I've had this card for a little over a year, and all I can say is that I can't complain. My interest rates are a lot better than my past credit card.
Photo of Sara M.
Jun 26, 2016
It wasn't hard to find a pre-paid card online. There are so many advertised.capital one prepaid card was my first choice after performing a simple google search, reviewing information on several sites,comparing the annual and monthly fees, withdrawal fees, swiping fees, for several cards. I decided capital one was, by far, the less pricey option and went with that one. Other cards charged too much,such as MasterCard pre-paid cards for example.. Their fees are ridiculous. So, I applied for my capital one card on their website and received the actual card about a week later. It was easy to activate online. No issues there. The fees are exceptional and if more
Photo of James A.
Jun 18, 2016
This is the worst credit card company ever. They froze my account without prior knowledge. I found out when I tried to pay for my groceries and the card was declined. These sneaky bastards froze my account AFTER taking out money from my bank account to pay off the complete balance. I called to figure out what happened and I was told it was because they were switching to chip cards. I've had the account for years so of course my address wasn't updated so they sent my new card overnight we to the wrong address. So i called, updated my address and they STILL sent it to the wrong more
Photo of OneLife O.
Apr 2, 2016
Great card so far made my deposit on 2/22/2016 received my card 3/07/2016 c1 report the 1st month hoping with on time payments and good utilization credit goes up mad mistakes in the past but looking for to a better future with good credit and does c1 truly give limit increases on this card?
Photo of bald
Mar 9, 2016
I got the Capital One Secured MasterCard because I have bad credit and wanted to have a card to use in the event of an emergency. I was not sure what my credit limit was going to be from the start, and I could not find information about how much your limit will be with each deposit you put down when opening the account. Aside from that, the card opening process was easy. One issue I have is that they count many transactions as a cash advance. I had over $150 available on my credit line, and I tried to send money to a family member via Western Union, and more
Photo of Stephen L.
Apr 2, 2016
Why would you get this card for emergency? This card is a tool that you use to rebuild bad credit if used responsibly and regularly.
Photo of ralphie845
Feb 23, 2016
I got this card because I was new to credit and needed to build up my credit history. This was a very good card to start up with, they instantly approved my application and required a minimum $250 deposit. After getting my card I instantly started using it with the $500 credit line they granted me. Everything was absolutely fine with the card, I made payments every month no questions asked. My main grip with this card is that it does have a high starting APR. If you're not too responsible with the card, it could lead to some disaster so becareful. Otherwise this card is a great starting point more
Photo of Average S.
Feb 22, 2016
I got this card when I wanted to start building my credit. After getting declined from a few well known cards that required some credit history, I learned about this secured card and applied. I was happy when I got approved and was finally able to work on building my credit. One thing I would improve is to have more options in increasing the credit limits sooner and I think the APR night be on the higher side. I would recommend this card for people with bad credit or no credit and are having trouble getting approved for a credit card. Capital One is a great company and I have more
Photo of Jennuck
Feb 15, 2016
I got this card because I had no credit and needed some help building it up. The APR is pretty high IMO. If I had bad credit, I would definitely expect a high APR, but if you're someone who has not done anything bad with any credit company, I would hope that you'd get just a little slack. Either way, you must deal with the consequences. I'm happy to say though, that I've seen my credit score go up slowly over time though, and that was my goal. I would lower the APR a little for people who don't have bad credit, though. I have never been late, and I've more
Photo of Tommy B.
Jan 27, 2016
The great thing about this card is it can fix your credit. It doesn't take very long and and as long as you behave yourself it works very well. The downside is you need to give a security deposit in order to get it. The amount determines your credit limit. This you get back if you ever cancel the card and you have no balance when you do so. Unfortunately Capital One as a whole is a real pain to deal with and I had enough of their nonsense.
Photo of Brittany B.
Jan 13, 2016
Im so confused on this credit card stuff? So lets say my limt was 300. I used 30 dollars from that 300 limit at the end of the month I just pay back the 30 dallors to make my balance zero again?? OR is there extra charges
Photo of Jay M.
Feb 24, 2016
I'm trying to figure this out as well
Photo of Card H.
Mar 4, 2016
Yes, if you pay your balance in full by the due date and do not carry any balance from one month to another, no interest or other charges will accrue. We actually have two great articles on this topic that should shed some light on the whole concept: cardhub.com/edu/paying-credit-card-bills/ and cardhub.com/edu/how-credit-card-interest-works/ . Please let us know if you have any other questions. Best of luck!
Photo of Kara P.
Dec 16, 2015
While trying to rebuild my credit, the Capital One Secured Mastercard helped me on my journey. A small deposit and I was back in the credit world. Having this card helped me rebuild my credit score and soon I was able to apply for another credit card. The interest is a little high but overall it seems to be a good card.
Photo of Prakash P.
Dec 8, 2015
It is one of the best credit card in the market with no annual or monthly fees.Other major attraction is it help's in re-building credit score.I made a $49 security deposit & was given $300 credit to start off.Within six months my credit limit greatly improved.Its interest rate is quite high compared to other cards, at 24.9%, but if you pay your outstanding in full you won't have to worry about it.
Photo of Tara L.
Nov 10, 2015
There are some things for which you must have a credit card, and for those of us with bad credit, this card is a viable option for re-building some credit in a relatively painless fashion and securing a much-needed card for emergency purposes and situations where a card is required. Unlike my Amex Bluebird, which I also appreciate for being exactly what it needs to be--a prepaid card where I cannot possibly overspend my own pre-set limit--this card actually allows the potential for a credit limit greater than the deposit made, and periodically evaluates your spending limit based upon your payment history. Compared to other cards of its type, its more
Photo of Sarah R.
Oct 11, 2015
I had a small amount of credit that i didn't do so well with when i was 18, 5 years late and this, the capital one secured card is the first credit card I've gotten. They increased my limit after 6 months, my payments post quickly. Its been a good experience i already see my credit score improving.
Photo of Robert D.
Aug 30, 2015
I applied for my capital one mastercard three years ago to improve my credit history. six months of on time payments my credit ratings greatly improved. This is a great card to have i really like this card. The interest rates are high, but it is worth it to rebuild your credit in six months with no annual fees, cash advances, 24 hours online access to my account. I can check my entire transaction history. There are no pin number to enter when shopping. I only used my pin for cash withdrawals. Online payment option also available.
Photo of Suzi B.
Aug 27, 2015
I think that, overall, the Capital One Secured MasterCard is a good choice for those with bad credit that are able to be approved. It is the only secured card I've heard of to (possibly) offer a credit limit higher than your deposit, and the only one to automatically review your history for potential limit increases. I, unfortunately, was not approved so I use First Progress. Good card but not as up to date with updating my credit or making much impact on it.
Photo of Josh Q.
Aug 14, 2015
This card is not so bad. It has helped me build my credit up to a point where i now feel comfortable applying for loans. I have needed a car loan for some time and recently was approved from the credit i built up on this card. I would recommend this to most friends and families with poor credit. It doesn't take long to do it and once you do you are more capable of buying necessities in todays society.
Photo of Alena L.
Aug 13, 2015
I did a lot of reading online and research about credit cards. I messed up my credit a few years ago because of the defaulted credit cards and school loan. I thought there was no hope in rebuilding until I read a bunch of good reviews on this card. I got approved for the Capital One Secure Card during the end of February. I made a $49 security deposit & was given $300 credit to start off. Been using the card almost 6 months now responsibly and didn't want to wait to find out whether I will be eligible for a credit limit increase so I requested it online. I more
Photo of Keith M.
Jul 12, 2016
Capitol one said that you can not apply for a credit increase on a secured card (card with security deposit). How did you get them to increase it? Capitol one said they review periodically the consumer can not request when a security deposit is made. Thanks!
Photo of Jessica V.
Aug 10, 2015
This is a better secured credit card for people with bad credit than most of the others. It takes some time to achieve good credit with it, but it works. Just always make sure you pay your balance each month, otherwise the interest becomes ridiculous.There is a security deposit, but it can be pretty low compared to others. Its really nice because all you need to do is secure the card with a minimum of $200.00 and that becomes your "credit limit." You are eligible to get an increase later.
Photo of Gene H.
Jul 22, 2015
You can't make a initial deposit with your debit card
Photo of Katrina C.
Jul 3, 2015
My credit was really bad when i started with this card and now it is a perfect credit score after 2 years of using it. It does take a little bit of time but it works GREAT. I love it so much and it gives a really good credit limit as some other reviewers have noticed as well.
Photo of Jenny M.
May 25, 2015
I think this is an excellent credit-card. It is for those with bad-credit. The interest rate is a little higher than if you had good credit, but overall, you can what you need from the card and it allows you to start building up your credit again. There are no monthly or annual fees, which make it easier to afford this card. There is a security deposit, but it is a low deposit that is required. This Capital One Secured Mastercard is good for those that have had a hard time getting any other credit card.
Photo of Nick T.
May 21, 2015
Capital One is a great company to work with, and this card is another great product of theirs. The reserve amount or deposit you need to make is very reasonable given to the credit limit you get, and their customer service is very responsive.
Photo of Stephanie N.
May 5, 2015
I think this credit card sounds great for people who need to rebuild their credit, and these days that is a lot of people! It can also be used for young people to start building their credit. Some may consider it a bad thing that you can't spend what you don't have, but I think that's what got most people into these situations! My first card was with Capitol one, and I think this card would be ideal for a lot of people.
Photo of Brianna M.
Apr 27, 2015
Yes, I have used a second chance credit card. It took me almost a month to decide on which card would be best for me. I wanted to rebuild my credit so that I could be financed for a car. I knew that it would take some time so I wanted to get started as soon as possible with building up my credit. Over the past six months, my credit has improved, however I would like it to improve way more than where it is. Patience is all I need.
Photo of Frank H.
Apr 21, 2015
The Capital One Secured Credit card is a somewhat niche card compared to a standard credit card but can be really good in certain circumstances. Unlike most, you have to put money down on this card to use it but this allows even people with terrible/no credit to get a credit card and start building a credit history. In this way, it's a great starter choice to open up more opportunities down the road. And because you're putting your own money on it, there's no interest.

Otherwise, compared to any other credit card, it doesn't offer very much. If you can't get a normal Credit Card, this is for you. Otherwise, more
Photo of Jennifer S.
Jul 6, 2015
I could have sworn somewhere on the site it said there is a 24.9% interest rate?
Photo of Ryan F.
Apr 12, 2015
I had applied for this card originally because I didn't have a very good credit rating and was unable to qualify for an unsecured credit card. It is simple to use because all you need to do is secure the card with a minimum of $200.00 and that becomes your "credit limit." You can also secure the card with a higher amount if you wish to do so. The nice thing about it is that you can't put yourself further in debt because the card won't allow you to charge above the amount that the card was secured with. So, let's say you get behind for some reason and can't more
Photo of Michael K.
Apr 4, 2015
This is a great card for someone like me who is trying to rebuild credit. The deposit process to secure the card was simple, and through using it and paying the bill on time I've actually already gotten a credit increase. The mobile site and app also make checking my balance and paying my bill really easy. It's not a rewards card, but I wasn't expecting that. Also, I'm not entirely sure if or when I will ever get the deposits that I made back. But overall, I would certainly recommend this card to people with bad credit who still need a credit card.
Photo of Cason K.
Apr 1, 2015
Capital one is a great company that provides different cards to people with different needs. This secured card option is great for those who have no credit or are rebuilding credit. And you get it with the great Capital One service! The annual fee is low and the late fee is low. No rewards, but that is to be expected with secured cards. A great way to get your credit back on track.
Photo of Kristen J.
Mar 17, 2015
Ive had cap one for many years, i was reffered by a friend, and enjoy it immensely. Ive had a credit card in the past with navy fed credit union and It was not to my liking, the interest rate was too high. I have a low interest rate and they've upped my limit over the years. recommend.
Photo of Phillip D.
Mar 17, 2015
This is a good card i would recommend to people. The terms of the card are fair and the interest rate is competitive to other secured cards, sometimes even better! Paying your deposit to secure the card was a lot easier process than other cards that I have applied for before. If I have ever had a question, the customer service team has always been very helpful. They report to the credit bureaus promptly and it has improved my credit score.
Photo of Jackie F.
Mar 3, 2015
Capital One Secured MasterCard was recommended to me by friend.I wasn't too sure at first but after I received the card and used it. I was very pleased. Its an excellent way for anyone wanting to build their credit rating up. I make small payments and pay my bill in full each month. I have seen my credit score rise. After my husband and I divorced, leaving me in debit, this was my way of taking care of business and my future. The interest rates are high but thats understandable and far out weighs struggling to get ahead of my monthly bills. I would recommend this card to anyone..Thank you more
Photo of Kasey B.
Feb 26, 2015
I started using Capital One Secure MasterCard to bring up my bad credit score. I initially put $300.00 on the card in May of 2014. After using the card for a few months and paying off my balance on time it started to raise my credit score. After a few more months my credit limit increased. The website is easy to use. You can monitor your credit score and receive balance notifications. The customer service is also incredibly helpful. I would recommend this card to anyone with no credit or bad credit.
Photo of Margarita O.
Feb 21, 2015
Capital One has been a great partner in rebuilding my credit. After 5 months of paying on time and in full, they increased my limit - it more than doubled actually. I am not a big fan of the annual fee however, that's the price of letting my credit score dip (regardless of why). It also seems that once you are established with them- they are willing to extend more offers and opportunities...as long as you keep holding up your end of the agreement.

I am sure many cards offer these benefits however, I appreciate the account alerts which can be sent to my email or as a text message- unusual more
Photo of Sabrina M.
Feb 20, 2015
Love this card. Got it to start rebuilding credit after medical issues dug us a pretty deep hole. I got mine 5 or 6 months ago with my $400 dep (I wanted more than the $200) And yesterday they increased my limit by another $300 without increasing my deposit. My credit score has increased and I haven't paid any interest yet at all because I pay it in full before it's even due. Awesome!
Photo of Jane V.
Jan 7, 2016
This card sounds
Great!
Photo of Ricardo B.
Feb 13, 2015
I personally think this is a great starter card for those looking to build their credit and can't get approval from non secured cards. I applied for one last winter and was denied the first time, however I tried again the summer and was approved this time. I had to deposit $200 but I was given some time to do that. Also when I finally got my card I had to pay the card fee right away. Make sure you pay the minimum on time or else they'll kill you with late fees, trust me. The company website can set up a link with your e-mail and let you know more
Photo of Nancy H.
Jan 27, 2015
I got this credit card to help rebuild my credit. I have been very pleased so far with the results and my credit score is slowly coming up. Compared to other secured cards, I think this one is a very good card to have. The fact that they boost your available amount a little bit over the amount you submit to them is also a nice feature they offer. As long as you make your monthly payments on time your definitely going to boost your credit rating with this card and will eventually be able to get an unsecured card in the future.
Photo of Jarett C.
Jan 16, 2015
My wife was working on getting her credit restored after some tough financial difficulties in the past. We decided to get her the Capital One Secured MasterCard card after a lot of thought and deliberation. The ability to get approved easily and the fact that this card was able to get her credit back on track is why we really recommend this card! All you need to do is make sure to pay off the balance every month so you don't get hit with interest and you're set! The annual fee isn't something I thought we would need, but I understand why they have it and it's worth it to more
Photo of Stephen P.
Jan 13, 2015
I did not necessarily have a bad credit rating, but it was not in the area I would like it to be. Many people told me to trust in the Capitol One Secured MasterCard and it was a great option for improving my credit score. The costs are an annual fee that is low at $29. The pay variable APR is at, approximately, 23%. This may seem like a high APR. However, other cards may have a more reasonable APR, but a lot of the other fees are going to make up for what is lacking in the financial estimation. So, this APR is not unreasonable compared to the fees more
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 credit card categories:

CardHub is an independent card comparison service.

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. 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.

Ad Disclosure: Certain offers originate from paying advertisers, and this will be noted toward the top of the page using the designation "Sponsored Card", when applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At CardHub we try to list as many credit card offers as possible and currently have more than 1,200 offers, but we do not make any representation of listing all available offers.

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.

Last updated on: Jul 17th, 2016 at 11:02 EDT

Your email request has been submitted

Thank You



Go Back

Share by Email

250 Characters Remaining