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Offered by: Capital One
Apply by phone: 1-866-960-8706

Capital One® Secured MasterCard®

  • Unlike a prepaid card, it builds credit when used responsibly, with 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
  • 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

Average Approved Score Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
548
Typical Low: 464
Typical High: 636
   

N/A

22.9%*

N/A

22.9%*

 

Variable

 

Variable

Additional Details

Click here for Additional Details

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* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

Offer Details:

Cash Advance Rate

22.9%* Variable

Annual Fee

$29

Late Fee

Up to $19

Cash Advance Fee

See Terms

Balance Transfer Fee

$0

Saving Details

Saving Details

Year 1

Year 2

Year 3

Balance Transfer Cost

$0

$0

$0

Interest Savings on Transferred Balance

$0

$0

$0

Interest Savings on New Purchases

$0

$0

$0

Value of Rewards on New Purchases

$0

$0

$0

Value of Bonus Points

$0

$0

$0

Annual & Application Fees

‑$29

‑$29

‑$29

 

Savings

Total Annual Savings

‑$29

‑$29

‑$29

Total Savings over 3 Years

‑$87

Credit Card Usage Profile

Transfer a Balance
Edit
  • Balance to Transfer: $2,500
  • Monthly Paydown: $600
  • APR: 21.99%

Earn Rewards

  • $1,000 Monthly Spending
  • $45 Gas
  • $75 Groceries
  • $20 Travel
  • $50 Restaurants
  • $50 Entertainment
  • $760 Other

Establish or Build My Credit

Card Details
  • Annual Fee: $29
  • Minimum Deposit: $0

Finance a Large Purchase

  • Initial Purchase Amount: $3,000
  • Monthly Paydown: $60
How We Calculated Your Savings

Credit Karma uses details about your credit card usage and data we have on current credit card offers to calculate how you might save money. These calculations are for illustration purposes only.

Savings are based on Credit Karma calculations and are not endorsed or commissioned by any advertisers. These calculations are for illustration purposes only. If bonus is included in savings estimate, it is assumed offer qualifications are met.

Note: Sample data consists of Credit Karma members who hold this card.

Compare Holders by ...

Current Balance
Credit Limit Utilized

Sample Size: 97,465
Data Created: February 02, 2015



809 Cardholder Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.

Most Recent Reviews

The Great Hope! Helpful to 13 out of 14 people

After years & years of irresponsibility and damaging my credit significantly, I finally buckled down and decided to repair it. This card was a saving grace for me when I had given up hope of being approved for any card. Yes, you have to put a deposit on the card(which is going to be your CL), but it definitely is the best move to rebuild your credit. GOOD LUCK!

jtwilson05's response was:    

 
Mar 25, 2015

jtwilson05(2, 14)

Great after a bankruptcy! Helpful to 12 out of 13 people

I had a bankruptcy in 2013 and I was pleased to start rebuilding my credit. Capital One used to be one of the companies I couldn't stand, but over the years, they have really progressed with their customer service. My original balance started off low, and it was unnerving knowing I had to make a deposit, but after paying the bill on time, they increased my limit without having to even make another deposit! I have since then been offered an unsecured card with them, which has a high limit and rewards. I'm thankful this card was brought into my life and helped me re-build what I had lost.

laurenfrom609's response was:    

 
Mar 25, 2015

laurenfrom609(1, 12)

Great card to rebuild your credit Helpful to 27 out of 33 people

I had the card since June 2013 and made every single payment on time since.  My credit before I got the card was at 505-540, now my credit is in the 630-680 thanks to this card.  There is no annual fee for me and no credit increases without more deposit.  I know the review on the card said there's a $29 annual fee and credit increase but I never saw those.  I have contacted Capital One about credit increases and they replied twice that they cannot increase it due to that it is a secured card so they couldn't increase my line of credit.  I was ok with that because since Feb 2015 came around, I applied and been approved for 3 other credit card and had since then cancel this secured card.  Its not the best credit card but a stepping stone I used to get my credit above 600 so I can get a Barclay, Citi Visa Signature, and eBayMC.. 

pcha2008's response was:    

 
Mar 23, 2015

pcha2008(1, 27)

Great starter card for rebuilding credit Helpful to 62 out of 64 people

I applied for this card in September 2014 was approved with a $99 deposit for $200 limit my credit karma score was 588. It took three weeks to get the card and it didn't start reporting to the credit bureaus until my second statement and my score went from 588 to 619. I try to keep my utilization under 30% because the one month I did go over 30% my credit score dropped. I also notices that whatever my balance is on my statement it is the balance they report to the credit bureaus each month. Today I went to check my balance and noticed Capital One gave me a $300 unsecured increase. So in just 6 months my score went from 588 to 637 and I received an unsecured increase. I would recommend keeping your utilization under 30% and make payments on time and you will see tour credit score increase over time. 

niyamell's response was:    

 
Mar 22, 2015

niyamell(1, 62)

Great card when rebuilding credit Helpful to 132 out of 140 people

I don't usually leave reviews because i think most are bs, but figured my experience may be able to help someone else.  I am in my 30's and have struggled with credit my entire adult life.  I had numerous credit cards at 18-21 because credit card companies like to prey on kids.  I was dumb with the cards and get myself in a bind.  I didn't pay them and they were written off.  Flash forward to my mid 20's and I thought I had grown up so I got a few cards again.  I again, did the same thing.  The result was not having a credit card until I turned 34. 

For a $99 deposit I received a $300CL.  My credit score was 510. I deposited an additonal $700 to make my credit line look bigger.  They gave me $1300 as a result. I kept the card for 12 months, charging a little bit each month and using it on vacation where I pretty much maxed it out.  Paid it back down afterwards.  Score came up to 530.  After 12 months I applied for a Quicksilver card and was approved for a $500 Starter Credit Card.  Used them regularly to build usage history and After 6 months of payments they bumped my card up to $2500CL.

Between the 2 of them and paying off all collections (the latter had the biggest bump) my score actually went up to 700.  I got a car loan for 20k+ now as a result, and have added the barclay credit card and discover card (they gave me a 10K limit). 

It took 2 years of diligence, but it was possible and this card was the first step in that.  I enrolled in the monthly services for each credit berough (individually) and challenged the old items and paid off what I could.  I did this for a fee of about $15 per month.  No outside service was neccessary.  It takes time, but I dealt with my old demons from my past and used the process for growth.  You don't need the law firms they recommend on here. 

Nicodemus94's response was:    

 
Mar 17, 2015

Nicodemus94(3, 135)

See all 809 Reviews of Capital One® Secured MasterCard®

† These Approval Odds represent Credit Karma's estimation of how likely you are to be approved for a product based on a comparison of your profile with data about Credit Karma members who have been approved for the product in the past (if available). There is no guarantee that you will be approved by the lender or that credit will be extended to you.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from September 2014 through February 2015. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.