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If you need to build or repair your credit, the Capital One Secured Mastercard provides a simple, inexpensive opportunity to do so. You’ll need to provide an initial security deposit to establish your line of credit, up to a maximum of $1,000, but you’ll be able to increase it in time.
If your credit score needs improvement, the Capital One Secured Mastercard can help you get back on your feet and restore your credit rating.
This is a secured credit card, so it requires an initial security deposit.
The amount of money you put down helps determine your credit line. The more money you put down, the larger your credit line will be.
You’ll be given a required minimum security deposit, from $49 to $200. This will provide you with an initial credit line of $200. You can deposit more if you’d like to raise your credit line, up to $1,000 for a $1,000 credit line. You can learn more about this security deposit here.
This card has no annual fee and no foreign transaction fees.