Capital One® Secured Mastercard®

capital one secured credit card Sponsored Card
Required Credit Score: Limited History, Bad
Minimum Security Deposit: $49, $99, or $200
4 3840 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

  • Unlike a prepaid card, it builds credit when used responsibly
  • Regular reporting to the 3 major credit bureaus.
  • Your minimum security deposit gets you a $200 credit line
  • You may qualify for a credit line increase based on your payment history and creditworthiness—no additional deposit required
  • It’s a credit card—accepted at millions of locations worldwide
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • Get free access to your monthly credit score and credit tips using Capital One® Credit Tracker

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)
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Capital One® Secured Mastercard® Reviews

 
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Overall Rating: 4.0 / 5
Total Ratings: 3840
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Oct 6, 2014
Photo of Joao C.
5
By:
With the Capital one Secured MasterCard it is one of the best credit card to re-build your credit. besides the 29 annual fee that it comes with this credit card allows you to build credit and is reported to all three major credit bureaus. I have this card since 2011 and I love this credit card. It is so convenient to use anywhere because of the MasterCard logo. The best part is that it is a major credit card and I can travel to Brasil and no worry about using my card cause I know it will be accepted everywhere. My last trip to Brasil I used this card about more
Sep 29, 2014
Photo of Stephanie G.
3
By:
It's a great card to recover your credit history but if you read the fine print the APR is very high and it took a year to increase my limit by $100. I had to make a $200 deposit and it took about 3 weeks to get my card. Overall this is a pretty decent card if your credit is completely ruined and you're trying to build it back up, otherwise unsecured is always better.
Sep 29, 2014
Photo of Matt L.
4
By:
I have been using this card solely for my business transactions. In that time, I’ve reached out to their customer service line for a few different requests. One included changing my billing date and another was to ask if my penalty fee could be forgiven when I was late for the first time on my payment by a day or two. Both requests were answered promptly and satisfactory. I would recommend this card to anyone given their strong customer service.
Sep 26, 2014
Photo of NotMel M.
2
By:
The fee and APR are too high, and the limit is too low. They also don't let you apply for an increase. There are no perk with this card (points, cash back, etc.)
Sep 18, 2014
Photo of Vanna R.
3
By:
I found this card useful. It helped me get my credit back on track with using it responsibly. I would recommend this to people who need a credit card but do not have the score to get an unsecured card just yet. The only downside to this card is that with one defaulted payment they will take your security deposit. But with good use it has a chance to turn into an insecure card in the future.
Sep 15, 2014
Photo of Sere C.
4
By:
I've managed to build up my credit pretty steadily with this card. The low deposit was definitely a draw. the chat-based customer service leaves much to be desired but otherwise I'm happy
Sep 13, 2014
Photo of Michael S.
3
By:
I guess people ask themselves and others the same question I did. How can I get credit if I cant even get a card issuer to take a chance on me?

The answer is simple: Capital One Secure Credit Card.

There is a hitch with this card. You have to pay a deposit. The deposit guarantees your line of credit. if you default, they take your deposit. Depending on your credit they will approve you for a 49, 99 or 200 deposit. Any tier guarantees you a 200 credit limit. They promise you that by getting this card you are going to be rebuilding your credit history and maybe down the road more
Sep 4, 2014
Photo of Brian M.
4
By:
No complaints. I hate to say it, they may be a decent credit card company. Low rates, non-spammy, useful website.
Sep 2, 2014
Photo of Mark M.
1
By:
I see First cards with 10% interest. Whats the difference?
Sep 10, 2014
Photo of Card H.
Card Hub
Each company has a different policy that determines the credit card’s terms. Anybody interested in acquiring a credit card should compare several cards and decide what is best for him/her. Also, could you post the exact link to the credit card you are referring to?
Aug 17, 2014
Photo of Joshua B.
4
By:
I'm very happy so far with my capital one card. I've been trying to rebuild my credit for sometime after screwing it up when I was just 18. I had to pay a security deposit of 200 dollars, but after I did the company sent me out a card in less than a week! I was super happy about that, because the documentation said it could take up to 2-3 weeks. So far I've only had the card for about a week and I've only used it once. I didn't have an issue with it. So far I'm happy that it's been working without a hitch!
Aug 6, 2014
Photo of Brutus S.
4
By:
I really like the Harley-Davidson brand, so I'm happy to see that they have a secured credit card available on cardhub.com. I was going to choose the Capital One Secured card, but Capital One's card does not have a REWARDS PROGRAM. You get 1 point for every $1 spent that can be used for Harley's gift certificates or chrome cash. I also appreciate that the Harley-Davidson card does not have an annual fee. I don't think we should pay a yearly fee for a card unless it's interest free. The only other major difference beteween the two cards is that Harley-Davidson has a 3% foreign transaction fee and Capital one more
Jul 23, 2014
Photo of Natasha G.
1
By:
what a joke I have a 600 score n I can't get approved for a 200$ 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 24, 2014
Photo of Marcus E.
Marcus Edwards
If you have too many inquiries or have applied for two of their other cards in the past 30 days they will not approved you. Also if you have a serious delinquency on an account they will not approve you. It says that in the small print under terms and conditions. Try Open Sky secured card. They do not do a credit check but they do report to the credit bureaus and I have heard great things from them. Good Luck!
Aug 5, 2014
Photo of Chelsea M.
Chelsea Martin
I have four delinquencies on my credit report and a score of 548, plus three charge offs, including one from Capital One, and I was still approved. I honestly have no idea why they wouldn't have approved you if they approved me of all people.
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.
Jul 24, 2014
Photo of Marcus E.
Marcus Edwards
I asked about credit limit increases on this card and they say that they look at all of your credit when considering a limit increase. You may want to pay down your other debt. In addition, they also do not allow you to request a manual increase. They review your account for an increase every 6 months.
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.
Aug 11, 2014
Photo of Cameron S.
Cameron Schneider
we dont all have good enough credit to get a card from a bank or credit union honey.
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.
Aug 11, 2014
Photo of Cameron S.
Cameron Schneider
if you pay the balance off you wont have to worry about the interest.
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 .
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Aug 24, 2014
Photo of Tina H.
By: Tina Haydon
What's the deposit amount?
Aug 28, 2014
Photo of Card H.
Card Hub
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.
Aug 19, 2014
Photo of Brian L.
By: Brian Langner
Hi,

I am looking for a secured credit card which can be later converted to unsecured in Canada. Can you help?
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..
Aug 28, 2014
Photo of Card H.
Card Hub
The minimum security deposit is $49, $99 or $200. The exact amount is determined after the company reviews your application information and credit history. If you are approved (and you were required to deposit $49) your credit line will be $200.
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.
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Last updated on: Oct 22nd, 2014 at 2:36 EDT