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Capital One® Secured MasterCard®

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Card Details

Balance Transfer Intro APR Not Applicable
Balance Transfer Regular APR 22.9%* Variable
Purchase Intro APR Not Applicable
Purchase Regular APR 22.9%* Variable
Annual Fee $29

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Most Helpful Positive Review

May 05, 2013

Satisfied in an understatment
Helpful to 4274 out of 4442 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

Aug 10, 2012

Helpful to 1990 out of 2080 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 (604)

Mar 04, 2015

Great for rebuilding credit
Helpful to 9 out of 9 people

I applied for this card when my credit score was around 530 and I couldn't get approved for anything. I put down a $50 deposit and got a $150 credit limit. I used the card for routine purchases and paid them off in full for the first 6 months, and then without requesting one, was given a credit limit increase to $300. It's been about 2 years now since I first got this card and my credit limit is now $750 (not huge, but it seems that with the secured cards Capital One is less likely to give increases). Since getting this card, I've been able to increase my credit score to 650, and I just got approved for a non-secured card through Capital One. This card is what allowed me to start rebuilding my credit, and I'm very happy with the results.

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sgionet's review was:    

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Mar 04, 2015

Credit increase in 6 months
Helpful to 6 out of 6 people

This card has definitely helped me in re-establishing my credit. Before I had a setback with another creditor, this card had helped raise my score considerably. With that being said, I am still pleased with what this card has done. I opened the card with $200 deposit $200 limit. My score rose 100 points in less than 6 months and that was with me paying the bare minimum with over 30% utilization. 

I had a set back a couple month ago  and I dropped that 100 points however, with steady on time payments and dropping my utilization below 15% my score jumped and I have been able to raise my score 34 points shy of where I was originally before the set back. I figure in 2 - 3 months I will gain that back and then some. With all that,  I still received an increase and my credit line is now $500. I will add an additional deposit eventually but for now I am happy. With responsible usage and on time payments this card can help get you back on the road to recovery.

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LoveMotorcycles's review was:    

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Mar 05, 2015

I am trying to get a house as well....I applied in August and received my card in score was 490...I had gotten up to 594...Had I not experienced the setback I believe my score would be in the mid 600's by now. My score now is 559. It seems that my score raises between 18 and 24 points if I can keep my utilization 30% or less.

LoveMotorcycles's reply was:    


Mar 04, 2015

when did you apply for this card/ How long did it take you to have 100 points? Im curious because im waiting for my score to get up to 640 because of wanting to purchase my first home...

Marlon73's reply was:    


Mar 03, 2015

A great Good Credit Kickstarter!
Helpful to 15 out of 16 people

I applied for this card in Aug of 2014. I was approved for $200 with a $99 deposit. I sent that in and got my card extremely fast. I put my Netflix and Hulu accounts on the card ($17 dollars a month) and pay that off online the week before it's due just to make sure I'm on time. My credit score went from 545-585 in two months. In December my $200 limit was increased to $500. I was also pre-approved for a Capitol One Quicksilver CC with a $500 limit. I just use that for my Starbuck card reload (maybe $20 a month) and pay that off. My credit score is at 671 for Transunion and 686 for Equifax. I'm thinking of applying for a Chase card but don't want too many hard inquiries on my credit (I already have 8) Thank you Capitol One for helping me regain a Good Credit standing :)

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Geminigirl80's review was:    

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Mar 01, 2015

Great card!
Helpful to 42 out of 46 people

I would like to share my success story that I had with this card. I realized that my credit profile was thin and needed to establish credit but did not know how. I applied for this card 2 years ago and was approved for a $200 limit with $49 deposit. Well I did not accept the offer. Later next year I applied again making my mind up that I was going to do this thing only this time I was approved for a $200 limit with a $200 deposit. I said to myself "I had better go ahead with this thing before they decide not to approve me the next time." So I coughed up the $200 and they sent me my new card. I could not have been more happier. I made regular payments on this and paid early most of the time before my bill was due each and every month. After six months Capital One did an automatic review and gave me a $300 unsecured increase making the card partially secured. Six months after that I checked their site for the pre-qualify offers and it recommended me for an unsecured platinum mastercard or a quicksilver one cash rewards card. I applied for the rewards card and was instantly approved for $500. My first unsecured card. Made a few more on time payments to both cards and applied for a Chase Freedom card. Got approved for a $1,200 credit limit from Chase. I would not be here now if it weren't for Capital One giving me a chance. Thanks Capital One. I will not be closing any of my accounts with you. Now I am working on building my credit up further to qualify for a house. Won't be long now. ;)

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bullet231's review was:    

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Feb 28, 2015

So happy with this card!
Helpful to 40 out of 43 people

I've had this card for 2 yards. I was originally approved for the $49 deposit/$200 credit limit. I sent in a deposit of $100 (I like round numbers) and had a limit of $251 for the first 18 months. They upped my limit to $750 automatically last summer with no additional deposit. I was recently approved for a Quicksilver One card too! I'm working on clearing up my credit which is currently in the mid/high 500s and Capital One has been the bank that has given me a chance.

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lissa612's review was:    

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Feb 25, 2015

Great Rebuilder!!
Helpful to 74 out of 78 people

I applied for this card in Sept 2014, after being denied in Jan 2014. My credit at the time was around 530 when I got approved. Put a deposit down of $225 and, because the limit was low, used it and paid it off a couple times monthly before my due date. Payments go through within 1-2 business days so it's really easy to make payments, instead of other CC that hold your payment for up to 10 business days. Helped bring my score up to 560 in 3 months and was able to get approved for Capital One Platinum (unsecured) and Capital One Quicksilver (both $500 limit)!! 

Defintely recommend! 

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reblder's review was:    

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Feb 27, 2015

Helpful to 1 out of 1 people

im definitely going to try this!

mrszarriboo's reply was:    


Feb 25, 2015

Helpful to 41 out of 43 people

As a careless young man in my college days, like a lot of other people on earth, I damaged my credit because I didn't think that credit really meant anything at the time. As I got older, that's when I realized how having credit makes a big difference. After several attempts of applying for credit and being denied, I was told by a friend to apply for the Capital One secured card. I did. I applied for this card in November 2014. I was approved for $200 with a $99 required deposit. I sent an additional $150 to increase my limit to $350. After using 42% and 44% of my credit utilization, and paying the balance off in full for Jan 2015 & Feb 2015, my TU score went from 568 to 581, Equifax 637, CK 655, and I currently am waiting for my credit report from Experian to see my score. I will keep you posted. I just want to say thank you Capital One for giving me a second chance. I am looking forward to increasing my score at least another 20 points and then I will apply for the Classic or Platinum Capital One Card. 

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4thquarter's review was:    

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Feb 17, 2015

Mediocre Customer Service , Worst rip off
Helpful to 23 out of 107 people


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Feb 17, 2015

Perfect cc to rebuild really bad credit!
Helpful to 106 out of 135 people

I got this card in February 2015 and now a year later my credit has jumped from a 503 to 596! It is perfect for those who have made mistakes in the past and need to rebuild their credit fast. Thank you Cap1!!!!!

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shannamark2011's review was:    

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Feb 23, 2015

Helpful to 7 out of 7 people

I hope you mean Feb of '14....otherwise this is a sham review =\

kalatia's reply was:    


Feb 13, 2015

Perfect for rebuilding
Helpful to 130 out of 144 people

I received this CC in August. Between that month and now I've been approved for a Merrick bank unsecured CC and now a Cap1 Platinum CC. I had a CC fall off my credit and my score jumped 16 points. I also was able to get a car w/o a co-signer. I just want to say thanks Cap1 for giving me the chance to rebuild with you and open doors to other opportunities. I'm still working on it. My CK started at 496 and I'm now at 588 in over a year's time.!!!!!

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krouwtt's review was:    

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Feb 20, 2015

Helpful to 1 out of 1 people

Thats awesome. I was just apporved, hope to have the same luck.

Henree's reply was:    


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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.

† 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 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