My Saved Cards
Title
Welcome to My Saved Cards
Save and compare credit cards to find the best fit for you. All you need to do is find cards you like and check the Compare This Card box. When you’re ready to review, click the compare button that appears in this menu.

Capital One® Secured MasterCard®

Offered by: Capital One

Capital One® Secured MasterCard®

  • 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
  • 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

Average Approved Score Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
536
Typical Low: 441
Typical High: 622
   

N/A

24.9%*

N/A

24.9%*

 

Variable

 

Variable

Additional Details

Click here for Additional Details

* 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

24.9%* Variable

Annual Fee

$0

Late Fee

Up to $35

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

$0

$0

$0

 

Savings

Total Annual Savings

$0

$0

$0

Total Savings over 3 Years

$0

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: $0
  • 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



874 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

Used Car Sales Mentality Helpful to 4 out of 4 people

Let's  start with this.  I've just went tough year in 2012-2013 and lost my job, I had no choice but to file Chapter 11.  Had everything discharged, so I wanted to rebuild my credit,  first thing was to open a SECURED credit card with a deposit of $300  (Jan/2014),   I've done my research, stayed away from companies that charged Processing fees, admin fees and Extremely High Annual Fees.   I was left between BOFA and Captial one, so I pulled the trigger. Capital one offered a slightly better rate and two additional things,  deposits made to Capital one are refundable after proving credit worthiness as well as credit line increases.

07/2014  recieved a credit increase to $700 without any deposit   wwoohhoo  things were looking up.  I used the card, paid the balance in full 90% of the time minus a few dollars to give them a balance to forward..    

07/28/2015   I just got off the phone with Dawn from Capital One and I have to say she's pretty sneaky.  First she starts off nice and how may I help you attitude,  after I explain the situtation and requesting a credit line increase, she states Capital One does not give credit line increases to SECURED accounts, unless I add more money. In other words , if I deposit another $100, they'd bumped me up by $100.  I told her that's misleading considering the webpage of capital one states that from time to time Capital one may increase your limit based on credit worthiness.  Dawn didn't like that response and said ok we'll apparently you're not qualified.  WTH was that all about,  if I wasn't qualified,  how come Capital One gave me an increase in July 2014.  Of course she was dumbfounded on that.  Next I inquired about my deposit,  she said Captial one no longer refunds deposits  unless the Card Holder cancels the account.   I explain to Dawn, when I first signed up it did not state that. I even called Capital one to confirm this before I applied.  She said prove it.   WTF    how can I prove it.....  ok     The Captial One Website has it plastered all over the **** page.  She said read the fine print,  it was revised to reflect Capital One will not refund deposits unless the account is closed.   So I'm stuck in this dilemma,  if I cancel the card, I get hit with the point AND I just lost my oldest credit card, based on my new profile. 

Here's my advice on picking a Secured Card

Do not apply for a Captial One Card unless it's your last option,  find a secured card that charges NO Processing Fee, NO Application Fee, and low-moderate annual fees.

Make sure they will give your deposit back once you've establish credit worthiness WITHOUT closing your account.

Make sure they will give you a credit line increase, based on your credit worthiness, without having to deposit more money.

I've feel Captial One has really let me down on this, They do have great anti theft protection, however they are very misleading when it comes to Customer Service Explanations and having the customer prove them wrong.  So know I have to scan my credit card agreement with them and shove it down their throat.

Remember Capital One WILL NOT REFUND YOUR DEPOSIT UNLESS YOU CLOSE THE ACCOUNT

Captial One will give you ONE credit line increase for a small amount, anything else you WILL have to deposit

DAWN @ Customer Service is an evil person

hereincali's response was:    

 
Jul 28, 2015

Hedgemaster(1, 53)

Credit Masterpiece! not Mastercard Helpful to 53 out of 58 people

I had a credit score of 498 as of December 2014. Along with Disputing items on my credit from inquiries to mispellings and more(which you can do on your own); I applied for this card, you get just under 90days to put the whole $200 on the card. That is Approximately $16/week, you cant beat that for dead beat credit. My score is now a a 583 average and I just got approve for a Quicksilver One Card due to Credit Karma's recommendation (this takes me to 612, once reported). HOW'S THAT FOR EFFORT?

Hedgemaster's response was:    

 
Jul 19, 2015
It hurt my feelings Helpful to 3 out of 40 people

it was terrible. i put the card in my pocket and it hurt my leg

Shi7head94's response was:    

 
Jul 19, 2015

NichelleJn(3, 10)

DENIED Helpful to 10 out of 14 people

Credit Karma Score

TransUnion:533

Eqiufax: 571

My actual scores according to Idenity Guard

Tras Union: 561

Equifax:615

so credit karma is lower by 30-40 points usually.

Reasons for denial: Income,Deliquency/Collections too recent

I had two credit card collections opens in 2013, I paid them off at the end of 2014. 

It took about a week and a half to get the emailed letter.

I didn't bother with a recon/appeal

Although the customer service lady was very willing to help and gave me plenty of information about the appeal or reapply process I really didn't want a second credit inquiry.

Since being denied here I've gotten approved for a small personal loan from a bank and will soon try again for a different secured card. SDFCU or Open Sky most likely, not the best but they'll get the job done.

NichelleJn's response was:    

 
Jul 18, 2015

monstars02(1, 10)

Approval Not Guaranteed!! Helpful to 10 out of 18 people

You are not guaranteed to get this card. I have 0 accounts in collections. No bad debt or charge offs. I have other cards with $1000 limits...There is no reason i should have not been approved...Am I overqualified? Who knows? If you do not NEED a secured card dont apply for this card.

monstars02's response was:    

 
Jul 17, 2015

See all 874 Reviews of Capital One® Secured MasterCard®

† Credit Karma estimates your Approval Odds by comparing your credit profile with data about other members who were approved for this product. Though Approval Odds do not guarantee approval, they can show you which products may be a better fit for 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 January 2015 through June 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.