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Secured Mastercard® from Capital One

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If you need to build or repair your credit, the Secured Mastercard from Capital One 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.

Our rating
Min. credit level: Bad
Annual Fee: $0
Regular APR: 26.99% (Variable)

Secured Mastercard® from Capital One

Our rating
Bad Min. credit level
$0 Annual Fee
Apply Now Read Our Review

Highlights & Features

Balance Transfers

A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.

Intro Balance Transfer APR N/A
Regular Balance Transfer APR 26.99% (Variable)
Balance Transfer Fee $0
How to Transfer a Balance on a Credit Card

Fees

Penalty APR N/A
Late Fee Up to $39
Returned Payment Fee None
Additional Cards Annual Fee N/A
Foreign Transaction Fee None
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 26.99% (Variable)
Cash Advance Fee 3% of the amount of the cash advance, but not less than $10
How to Get a Cash Advance with a Credit Card
Secured Mastercard® from Capital One

Highlights

  • No annual fee
  • Unlike a prepaid card, there is regular reporting to the 3 major credit bureaus
  • Accepted at millions of locations worldwide
  • Make the minimum required security deposit and you’ll get an initial credit line of $200. Plus, deposit more money before your account opens to get a higher credit line
  • Access to an authorized bank account is required to make your $49, $99 or $200 refundable security deposit
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • We will monitor your account, and as you use it responsibly by doing things like making on-time payments, you may be able to earn back your deposit as a statement credit
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
ABOUT THE ISSUER

Capital One

Capital One has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-800-227-4825 or

Try a different phone number
See all Issuer Cards

If your credit score needs improvement, the Secured Mastercard from Capital One 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.