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!
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at Capital One's
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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.
  • 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

 
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Overall Rating: 4.2 / 5
Total Ratings: 3091
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Apr 18, 2014
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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.
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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: Apr 18th, 2014 at 11:52 EDT