Capital One® Secured Mastercard®

Capital One® Secured Mastercard® Sponsored Card
Required Credit Score: Limited History, Bad
Minimum Security Deposit: $49, $99, or $200
4 3376 reviews   Write a Review!
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Capital One® Secured Mastercard®'s Key APRs & Fees

  • ONE-TIME FEES None
  • ANNUAL FEE $29
  • MONTHLY FEE None
  • REGULAR RATE 22.9% (V)
  • GRACE PERIOD 25 days

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.
  • 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 22.9% (V)
  • CASH ADVANCE FEE 3% (min $10)
Apply Now
at Capital One's
secure site

Capital One® Secured Mastercard® Reviews

 
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4.1
Overall Rating: 4.1 / 5
Total Ratings: 3376
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Jul 23, 2014
Photo of Natasha G.
1
By:
what a joke I have a 600 score n I can't get approved for a 200$ limit secured card to help build my credit more.. these cards are supposed to be easy to get with bad credit.. poor advertising n get powerless hopes up that they can build credit n snake our info just to say NO
Jul 18, 2014
Photo of Danielle O.
4
By:
The Capital One Secured Mastercard is pretty good as compared to other cards out there. The 22.9% is pretty good. There are no fees for max over-limit or max penalty, which can come in handy. The cash advance fee of 3% is absolutely great - have not seen one this low. I would recommend this card.
Jul 3, 2014
Photo of Crystal C.
5
By:
This card seems like a good way to build ones credit background. With a security deposit, you can use the card just like any other credit card out there. Low fees & reports to all three credit agencies. This looks to be the best credit building card that I have come across so far.
Jul 1, 2014
Photo of Pipk S.
4
By:
As a college student, I needed a credit card that I would be able to get approved for. I was extremely happy that Capital One MasterCard have approval me to receive my first credit card. The goal of the credit card was to build up my credit score rather then put myself into debt. I wasn't to thrilled about the annual fees of $29 that Capital One but my goal here was to get approval for the credit card.
Jul 1, 2014
Photo of Nate A.
5
By:
The best credit card company I dealt with. I have bad credit but it didn't matter as the interest rate is low as long as I pay on time. With the help of Capital One, I been building up my credit, and get great benefits while doing it.
Jun 16, 2014
Photo of Jane J.
5
By:
This was my first credit card. After some rocky financial history, this card was perfect for me to start building my credit. I have never had to pay any interest, as I always make my payments on time. I absolutely love it.
Jun 11, 2014
Photo of Jay L.
5
By:
Compared to other cards I have looked at, the Capital One Secured card is a much better way to build credit. The annual fee is pretty small and the security deposit required is low. The rate is a little high for the card, but there are not as many "gotcha" fees. It would be ideal if everyone could get a traditional credit card, but some do not have that option. This seems like a better way to build credit without getting sucked into traps.
Jun 9, 2014
Photo of Stephanie S.
4
By:
If you need credit this is a card for you! I got this card after having some deliquesces on my record that made it hard to get any kind of credit card once I paid those. I needed to get my credit up and this card approved me. The fees are not to bad , the credit limit is a little low but that is ok since I just need something to get my credit up. This is a great credit card to do that and I am very happy with it so far!
May 28, 2014
Photo of Nancy L.
4
By:
I think if you are trying to establish credit the Capital One Secured MasterCard is a fair way to go. The terms aren't great, but sometimes that is the way to get started as long as you are disciplined and not paying high APR on balances.
May 23, 2014
Photo of Robyn R.
1
By:
I have to say that I am a little bit disappointed in this card. We've asked numerous times for a credit line increase always getting a big fat "no" with no explanation. Even after literally arguing with the representatives over the phone and getting a huge run around, in the end it was finally explained to us that this particular card did not "allow" credit line increases. Even if you have on time payments and good utilization.
May 26, 2014
Photo of Jason B.
Jason Brown
If you have successfully made your payments as agreed for a minimum of 6 months to a year then you should apply for a regular line of credit. You may or may not qualify for it depending on your other credit activity but that's the next step from a card like this one.
May 17, 2014
Photo of Jamie S.
3
By:
Compared to other cards I have used, the fee on this card is low. The interest rate is average for debt recovery cards. It is pretty close to standard interest rate of department store cards. The late fee is lower than non secured cards I have. You have to remember that what you give is what you have, minus interest. Great way to build credit score back up slowly.
May 14, 2014
Photo of Chelsea L.
3
By:
The fees for this card are somewhat high, and I truly dislike the 22.9% rate that they offer. Under a local bank that I used to work with, I had a Visa Gold card with a 10% APR, and none of these annual fees and high cash advance rates either. This card could work for some, but not me. Capital One's customer service is average, and I think they could improve upon it due to the somewhat bored way that their employees speak to you over the phone. They are helpful, but don't seem to put any care into their job in my opinion.
May 7, 2014
Photo of John S.
4
By:
I have had the Capital One Secured Mastercard for about a month now and I have been fairly happy with the service. Although, I will say that I was caught of guard by the annual fee, because on their site in the enrollment process it was not prominently listed. However, I have had to contact Capital One a few times now to resolve a couple of issues and they have been very amicable and I have been pleased with the customer service I have received. I am comfortable with recommending this to others, but probably not strongly enough to refer friends and family.
May 2, 2014
Photo of Heather P.
5
By:
After my divorce I was left with a bad credit score. I applied and received my Capital One Secured MasterCard. I put $500.00 on the card as my secure part. I used the card for most of my bills and paid the card off each month. After a few months my credit score had risen. I don't like the annual fee on the card, but it was worth it to rebuild my credit. The card reports to all three credit beaus, so with on time payments, your score will reflect this soon. The interest rate is also high, but with a bad credit score I expected it to be.
May 8, 2014
Photo of Shana T.
Shana Thompson
Same here. I was divorced a few years ago, and had a pitiful credit score, due to divorce costs and the fact that he basically freeloaded off my (then) good credit score. For example, taking out CCs and loans under my credit union account, as he was married to me. I used this card to help me rebuild, and basically between this one and one other secured card, got to the point where I was able to get a car note and an unsecured credit card again. Customer service was always pretty decent, and they even called me when I traveled out of state and used my card as a more
May 1, 2014
Photo of Lynn W.
1
By:
The annual fees would stop me from getting this card, let alone the interest rate. I don't believe in having to pay fees for using my own money. My Visa Card from the Credit Union is way cheaper, and I don't pay annual fees. The interest rate is below 10%. Why anyone would pay more money on top of what they already pay is beyond me! If you pay off your credit card at the end of the month, you don't pay fees. So, why pay an annual fee on top of that? Not worth it.
Apr 24, 2014
Photo of Bridgett G.
2
By:
I agree. The annual fee would keep me from signing up as well. The interest rate is insane. I personally am not a fan of secured cards in general. You are basically paying someone to use your own money, but I understand that people need to build credit. I think it is sad to take advantage of those trying to repair or build credit with very large interest rates and fees while requiring them to put the money up to begin with.
Apr 18, 2014
Photo of Andrew S.
3
By:
I do not like cards that have an annual fee. Though $29 dollars per year is not that high, this alone would deter me from signing up for this card. The interest rate is also extremely high at 22.9%. I do like that it comes with free regular credit reports from the 3 major credit bureaus. I also like that it has the ability to be used like any other mastercard. The late fee is reasonable at $18 and the cash advance rate is on par with nearly every other card I’ve had. It is extremely nice that there is no foreign transaction fee as I do travel abroad on occasion.
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
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Jul 23, 2014
Photo of Natasha G.
By: Natasha Good
how much does a 49$ deposit give you for a limit I don't want much but need to help credit..
Jun 30, 2014
Photo of Tim O.
By: Tim O'Brien
Can I get the card with a Chapter 13 bankruptcy still on my credit report? The BK was paid in full and I have a Letter of Discharge dated June 12, 2014. I have received 2 secured cards from other banks, but was declined on 1 from another. I am looking for a 3rd secured card.
Jul 2, 2014
Photo of Card H.
Card Hub
For more information on the subject you can look at this report >> >> http://www.cardhub.com/edu/secured-credit-cards-report/
Also as a way to further accelerate your credit building efforts, you should also increase the limit on your existing secured cards by increasing the deposit on them.
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

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Last updated on: Jul 23rd, 2014 at 8:57 EDT