Capital One® Secured MasterCard®

Required Credit Score:
Minimum. Security Deposit:
$49, $99 or $200
4,683 reviews   Write a Review
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Existing Cardholders
Change my rating to: Excellent

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

  • REGULAR RATE 24.9% (V)
  • GRACE PERIOD 25 days

Capital One® Secured MasterCard®’s Highlights

  • No annual fee, with all the credit building benefits
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • Free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker
  • 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 with no additional deposit required
  • 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
  • SMART CHIP   Yes, chip-and-signature
    24.9% (V)
    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.

do they always send out the credit card decisions via postal mail or does that mean I got rejected? When I spoke with an online rep they said my application was pending but then started talking to me about a more

Photo of Card H.
Jul 10, 2015
It varies based on the issuer and how you applied (i.e. online, over the phone, or in a branch location). Most issuers provide application decisions within 10-14 business days of when you submit your application.
3 Votes 3

Is there a minimum credit needed to be approved?

Photo of Card H.
Feb 5, 2015
According to Capital's One website this card is for people rebuilding credit. However, besides your credit score additional factors like income, outstanding debts and job status may be involved when your application will be considered.
3 Votes 3

Does this secured credit card company run your credit before issuing you a card?? If so whats the point decrease?

Photo of Card H.
Dec 22, 2014
All credit cards perform credit checks -- the short term hit to your credit score will be small and no one can give you an exact answer as it applies on one’s exact credit history.
If you have below average credit you should focus on improving your credit over the long-term and not get overly worried about the short-term.
2 Votes 2
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Customer Reviews

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

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3.9 out of 5

4,683 reviews
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 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 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 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 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
Photo of Amanda B.
Dec 28, 2014
I got one of these right after getting bad credit. I was kind of wary of this because you have to pay to have a credit card. Well, I took a gamble on it and it was worth it. It will always remind you that you are gambling with your money not with the creditors money.
Photo of Dawn B.
Dec 23, 2014
I think I would really like to get this card for my 18 year old son. This is a step up from the pre paid credit card that he is currently using.. It will actually help him build up his credit history. The fees are a lot more reasonable then my Chase card. ($39.00 late and over the limit fees). I'm not thrilled with the fact that this card has an annual fee but I guess until he increases his credit score it can't be avoided. So over all I think the terms are fair.
Photo of Faye L.
Dec 5, 2014
Capital One® Secured Mastercard® evaluation
Many folks that have struggled with their credit rating are looking for a credit card that will help them to build their credit. The Capital One Secured Mastercard is a great option for
people looking to improve their credit score.

This card has an annual fee that is relatively low at twenty-nine dollars. You will also pay variable APR at 22.9%. A lot of people are turned off by the high APR but, if you consider that other cards have a very attractive APR but have really high annual fees to make up for that. So, this APR is not that bad considering the low annual fee more
Photo of Kristina H.
Dec 3, 2014
This is the best credit card ever! In 3 months I have raised my credit score +29 points. By making small purchases and paying every month on time it gives me positive credit information. They send in your payment info every month to the credit companies and help you build up your credit.
Photo of Jessie R.
Nov 14, 2014
Great card that allowed me to start building my credit. All I had to do was make a small deposit and was able to have my first credit card. Not a fan of the annual fee but all in all worth it if you cannot be approved for another card.
Photo of Gary W.
Nov 4, 2014
This is a good way to build up your credit rating. Terms are better than most other secured credit card I've looked into, and your credit limit can be increased without additional deposit if you use it responsibly.
Photo of Marilyn M.
Nov 2, 2014
Easy to apply and be approved. High APR, but just pay in full every month.
Photo of Brandy D.
Oct 23, 2014
Excellent card for re-building credit, if that's your goal. It takes a while to get the card after the initial deposit, and it can be difficult to transfer to an unsecured card later on (without closing your account - which hurts your credit). I don't have much of a problem with that though, I'll gladly just pay the 200 dollars for the increase in credit score this has given me! The increases seem to come on some sort of pre-determined basis (make transactions for three months in a row and pay your bill on time for three months in a row to get the first one). There's a 29 dollar more
Photo of Joao C.
Oct 6, 2014
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
Photo of Stephanie G.
Sep 29, 2014
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.
Photo of Matt L.
Sep 29, 2014
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.
Photo of NotMel M.
Sep 26, 2014
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.)
Photo of Margarita O.
Feb 21, 2015
This is not correct- there is a link to request an increase to available credit. There are no perks with this card however, you can ask that this card be converted to a different card that offers such benefits as long as your account is in good standing.
Photo of Vanna R.
Sep 18, 2014
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.
Photo of Sere C.
Sep 15, 2014
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
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Last updated on: Oct 5th, 2015 at 3:51 EDT

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