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Capital One® Secured MasterCard®

Approval Odds
Application Process
Customer Service
3.7 5
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Card Details

Balance Transfer Intro APR Not Applicable
Balance Transfer Regular APR 24.9%* Variable
Purchase Intro APR Not Applicable
Purchase Regular APR 24.9%* Variable
Annual Fee $0

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Most Helpful Positive Review

Satisfied in an understatment
Helpful to 6342 out of 6600 people

I don't usually leave comments, but I hope this helps someone in need. 10 months ago, I had no idea how credit worked and how important it is to establish it. For some reason, I was consistently denied by various credit card companies, including department stores. I had no hope.

Then I came across this secured card, I remember checking my score and it was estimated to be 550 (yeah, that's crap).

Now its been 10 months, $200 limit, no missed payments; my score is 669 with equifax and 680 with transunion. To top it off, I went to my bank (BofA) and was approved for credit card with a $2500 limit.

I have this secured card to thank for getting me started. I see a lot of people complaining about not being able to get the $200 back. I say, forget the $200 bucks, Capital One can keep it. The credit score increase has been invaluable as it literally jump started me to be able to do what I need in the future.

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Most Helpful Critical Review

Helpful to 2258 out of 2376 people

It's a great card to recover your credit history, but read the fine print, realize that the APR is very high, and don't expect a real credit limit increase. I decided to get this secured card after I defaulted on my student loans before establishing any real credit history. I was finally able to recover my finances and pay off the loans, but the damage was done and no bank was going to look at my history and extend credit. Since I already had a Cap One banking and savings account, it made sense to stick with them for a secured card, given that they have a pretty solid reputation and my accounts would be streamlined. So, made a $300 deposit, got the card, and started using it responsibly. A year later, they increased my limit by $100. Cool!

So, after another year of careful use, I called them to see about another limit increase. No dice. Asked about having my deposit refunded and moving to a regular Cap One MC. Sure, but I would actually have to close the secured card and open a new unsecured card, but it would report as one card. Wait . . . what!? Is that even possible? Can two accounts be "tied" together to report as one card?

In the end, I pulled my scores, decided they were acceptable (despite my limited history), and found out that my student loan default had been changed to report as paid in good standing (guess someone I spoke to at the collection office had a heart!). Took a total shot in the dark and applied for a low APR rewards card with another bank and not only got an instant approval, but a $5000 credit limit!

So, this will get you out of trouble with careful use, but might become a burden later - now I'm stuck with a low limit, high interest card that has tied up $300 of my money, plus a yearly fee. And I don't dare close the account, because it's my oldest card.

I feel that Cap One's claim of a "refundable" deposit may be a but misleading, since many other secured cards will credit back the deposit once an account has remained in good standing for an amount of time.

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Reviews (654)

Excellent for starters and rebuilders!
Helpful to 18 out of 18 people

I applied for this card back in 2013 and was turned down. I reapplied this year after working with Lexington and was approved! I put my $200 down and the card arrived quickly! It took a month for it to show on my credit reports. I use only 10% of my limit ($20) and pay it in full. IF I must go over that, I make about 3-4 payments within that month to get it back down. After merely 5 months with this card, I just got approved Sunday for CapOnes QuicksilverOne with a CL of $500! My scores are now 530ish and increasing! The MAJOR factor is PAY ON TIME! I dont care if you go over 10% and you can't pay the balance in full, PAY THE MINIMUM ON TIME! I pay my bill roughly a week before it is due. I promise you, if you use this card correctly and pay your bills on time, you will enjoy the rewards and your new journey of building credit like I am :) Thanks CapOne for giving my a second chance!

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Working great for me!!!
Helpful to 9 out of 9 people

I received the card 11/2014 and since then it has been nothing but great. i started with a 517 score on Transunion, now 623. 531 score on Equifax now at 663. I put the initial $200 deposit down and was just given an increase to $500 because I have been doing things right. Customer service is excellent, very quick to respond with questions. If you want to help build or repair credit(in my case), this is a GREAT way to start.

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CLI - Surprise
Helpful to 30 out of 33 people

I opened this card in November with a $49 deposit.  They gave me a $200 credit line.  After a month, I added an additional $100.  I called a few weeks ago to ask if I was enrolled in credit steps (because I am with my $500 unsecured Cap One).  I was informed I was not and would not be getting an increase.  I decided to go online and request an increase anyway.  Unsurprisingly, I was denied.  Well, this morning, I went to check my balance, and It said I had a credit line of $600!  I know it's not the greatest line of credit, but I couldn't be happier.  I just wanted to give some of you hope who may be discouraged about going with this card, or having this card and thinking you will never see an increase.  Except for last month, when I broke my ankle and was out of work, without pay, I had paid in full, prior to my due date.  I hope this helps someone.  

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Excited to start rebuilding my credit
Helpful to 16 out of 20 people

Received an approval last week paid my deposit of 200 now waiting on the card 

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Good care for bad credit
Helpful to 29 out of 30 people

I got this card almost a year ago to start rebuilding my credit. I didn't see a change the first couple months but my score is much higher today. I also paid off some old debt which may have also helped. I usually pay everything I use the card for off immediatly.  I would recommend this card but you should not expect instant results. 

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Great to help you get back on your feet.
Helpful to 26 out of 29 people

The process was simple and I love that it reports as an unsecured card. Using this program helped me get from a bad credit rating to a fair one. 

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This a good card to boost credit score
Helpful to 30 out of 33 people

Because of this card I was able to get a checking acount with on time payments Its well worth the $200 in order to start life over again after a troubled past. Great stepping stone!

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mraacabebejr's review was:    

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great so far
Helpful to 39 out of 40 people

I got this card back in feburary in order to help build my not-so-perfect credit because my wife and I are looking to get a home for our children and this was the place to start. We only charge our life insurance on it and from March 2015 to May 2015 According to the credit tracker with transunion my credit score shot up about a 100 points. All we did was make sure we paid the balance off plus more and we are just watching my credit score rise. I am not sure how credit Karma works because they are giving me a different score( which i believe is way off) but all in all we are on our way to financial freedom. I will keep you all updated as to how everything is working out but I am very surprised so far and yes they do report to all credit companies.

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ThisCardisGreatsoFar's review was:    

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best secure credit card.
Helpful to 20 out of 20 people

I apply for this credit card because of my credit.  Pay my 200$ deposit,  amonth latter  made a second deposit  to bring my credit to 300$. I have not missed  any payments and always  on time. On my 6 month login  to make payment  and surprise  i had my credit  increased to 600$. Im happy and on  my way to better credit.

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What it says on the tin!
Helpful to 28 out of 33 people

I applied for and received this card in Nov. 2014, taking the base deposit of $200 which was what I could afford at the time. I've only added another $25 since that time, but after my April statement (the 6 month mark of having this card), I logged on to make my May payment and found to my surprise that my limit had been increased by $300 without any action on my part aside from responsible use and regular payments. Yes, the interest is high, but this has been much better than I bargained for at the beginning!

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

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Company Overview

Capital One offers numerous credit cards to fit consumers’ needs, including rewards cards, competitive rate cards, student cards, secured cards, and several co-branded cards. Capital One's Card Finder Tool also helps consumers determine which card is the right fit, with a quick online form to determine the best card offers according to each consumer's spending needs and finances, with results in about 60 seconds. Headquartered in Virginia, credit cards are issued by Capital One Bank and available in branch and online. Capital One serves banking customers in branches located primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia. Credit cards are available online to all customers nationwide.

Capital One, founded in 1988, is a Fortune 500 company and is a diversified financial services company, offering an array of credit, savings, and loan products for consumer, small business, and commercial clients.

† 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 and typical low score to the 5th 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 June 2014 through November 2014. 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.

Approval Odds

Capital One® Secured MasterCard®

Balance Transfer Purchase Intro APR Regular APR