Credit Card Reviews Advertiser Disclosure

Capital One® Secured MasterCard®

Approval Odds
Cardholder (681 Reviews)
Application Process
Customer Service
3.762099981308 5
Apply Now
My Saved Cards
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.

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

How Credit Karma Can Help

Thinking about applying? Credit Karma can estimate your Approval Odds based on your credit profile. Get your information for free and get started.
  • Credit Scores
  • Credit Reports
  • Personalized Offers

Most Helpful Positive Review

Satisfied in an understatment
Helpful to 7202 out of 7480 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.

Read More

Most Helpful Critical Review

Helpful to 2393 out of 2517 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.

Read More

Reviews (681)

Very surprised!
Helpful to 25 out of 27 people

This is the first card I applied for and was approved for $200 with a $50 deposit. I put a medical bill on it for $59 a month for 4 months, paying it off each month until the bill was paid and then added $100 to raise the limit. I just logged in to see that they have DOUBLED my limit, I am now at $600!!! I did not think they did increases on the secured cards! Since applying for this card, I was approved for another Cap One card, the Platinum with a $1000 limit. I then asked for an increase and they bumped me to $3000 and I was able to upgrade to a Quicksilver card.  It all started with this card though, and I am grateful! 

Read More

KitKattersHaus's review was:    

Write A Reply |
Nice card to rebuilding credit,
Helpful to 16 out of 17 people

My credit score was at a low 538 when I applied for this card. I had to put down $99 for a $200 credit line, so I did. It took about a month and a half before it showed up on Credit Karma, and when I checked my score, it jumped 65 POINTS ! So now I am at a 603. I'm satisfy with this card. RIght now my CL is $299 and I applied for the unsecure Capital One Platinum credit card and got approved for $500. Hopefully that should jump my score to 630-650. I highly recommend this card to anyone who wants to rebuild their credit. 

Read More

shaochiavang's review was:    

Write A Reply |
Used Car Sales Mentality
Helpful to 23 out of 26 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.


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

Read More
Helpful to 1 out of 1 people

Tjis is absolutely correct! I encountered the same misleading information when I applied for their secured card and was told that if i wanted an unsecured card i would have to apply for it separately (which means running another credit check which also means a hard inquiry which can affect your score!) This card is an accurate account of this card and i agree it should be a last resort!! I know credit karma only does recommendatuons but i think they should also look into the companies they recommend so people can make an informed decision.

Tisha73's reply was:    

Great card for new/restoring credit
Helpful to 15 out of 15 people

This was my first card after my Chapter 13 bankruptcy was discharged.  I applied the day after I received my discharge papers.  First I was denied (since the discharge didn't show up on my credit report).  I sent in my discharge paper and received approval for $250 with a $49 deposit.  I gave them the $49 plus an additional $250 to make my credit line $500.  A few months later I put another $250 on the card and got a credit line of $750.  Six months later I got an Email saying they increased my limit another $100.  I decided to put in another $150 to make it an even $1,000.  One year later I gave them $1,000 and had a credit line of $2,000.  During this time I received a car loan from them with 1.7% APR (yes 1.7% - I thought it was a typo and called to verify 1.7% on new car 100% financed).  One year after opening this card I applied for their Quicksilver card.  Instantly received a $3,000 credit line (It's now at $4,500).

It's been 18 months since I received this card.  I have two car loans, my Quicksilver and one Barclay credit card.  Not wanting to repeat history, I decided two cards is enough for me, and I closed this secured card last week with a 0 balance. I went to my PO box today and sitting there was a check from them for my deposit.  I've heard it could take two billing cycles to get my deposits back, but it took them less than 10 days.  I've been very pleased the past two years with Capital One.  My credit score was 550 when I started.  It's now above 720.  Just remember this is a SECURED card.  It will NEVER turn into an unsecured card, and yes they will keep your deposits for as long as you have the account open.  Maybe since I have another card with them it only took a few days to get my deposit back, but I did get it back.  I wasn't worried about any interest that I could have gotten from that money, and yes I paid the annual fees. Increasing my credit rating was good enough for me. 

Read More
Credit Masterpiece! not Mastercard
Helpful to 62 out of 69 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?

Read More
Helpful to 3 out of 3 people

Same story. In the mid 500's, pulled my credit reports, disputed, took care of collections, had ZERO credit. Of course I was an A+ on credit utilization, I didn't have any. SO, Secured card. $99. Gave $200. $300 limit. Kept bill under 10% utilization. Raised score in few months to low 600's. Was too eager, yet under my personal limit of 2 Hard Pulls Per Year, applied, got this card. $500 limit. Will update in 6mths. Thank you Cap1 for giving me a chance to prove myself responsible.

Buyaobuyao's reply was:    

Helpful to 3 out of 3 people

Edit: Newest card (2nd card) is Cap 1 Platinum Unsecured. $500. While Quicksilver has amazing rewards, I'm aiming for the No Annual Fee and keeping my 10% utilization rule. That doesn't really give any benefit for the rewards offered for me.

Buyaobuyao's reply was:    

Extremely Helpful Card!!!
Helpful to 51 out of 54 people

I first got this card in 2011, when nobody else would approve me, and put $49 down and recieved $200 cl. I made all my payments on time except for one month in the 4 years i had the card. (I never recieved a credit line increase once, even though I asked for one every year.) I never tried to apply for any other cards, due to my concern of denial and hard inquirys on my report, in the years of owning the card. Then one day I recieved a pre-approved letter from capital one for there Quicksilver Visa Signature card with a cl of 500. Which I was very happy to just be able to receive a unsecured card.  Four months past , and then I get a flood of preapproval letters, in the mail. I was approved for barclay rewards card with a 1500 cl. Then my credit line was increased on my quicksliver to also 1500. Now I just got approved for a AMEX gold premier rewards card with a npsl. My fico score in the beginning was 530, now my score is a 696.  I recommend anyone with bad or flawed credit to get this card and watch there credit score grow. It has helped me alot on my way to my goal of 750. Not to mention capital one does reward you for been responsibile with your card and paying on time.

Read More
Helpful to 32 out of 60 people

I got a capital one credit card for build up my credit score cuz it was so new. Anyway they gave me credit card for $300 limit and ive been using this for last 3 months and always pay in full and never carried balance to the next month. I used 280 of $300 limit credit card for shopping and i was going to pay it off in 2 days but what this BLOOD SUCKER did?/?!!!  They reported %99 of credit utilization to my credit score and it dropped 106 points!!!!!!!   I had 647 credit score and i have an auto loan which ive been paying for last 2 months on time to get a higher credit score. They messed up everything. And when i tried to reach to customer service they even didnt wanna explain it to me. I CLOSED MY ACCOUNT WITH THEM!!!! NO MORE CAPITAL ONE FOR ME!!!!!

Read More
Helpful to 13 out of 13 people

That sucks! I'm sorry to hear that happened. Part of rebuilding your credit score is educating yourself and learning from other peoples mistakes. One thing that I have learned from this site is to only use 30% of your CL and if you use more, then find out the day that the CC company actually reports to the credit bureau so that you can pay it before they report it. My suggestion is that you find out the day they report to credit bureau and pay your bill by that date. Don't look at as the end of the world, you can get your score back up!

idramafree35's reply was:    

Great Rebuilder
Helpful to 30 out of 35 people

My husband and I both have this card. We started with a $200 deposit at the end of December on each card. I'm proud to say that today we're both increased to $500... Very unexpected. Thank you Capital One!!!

Read More

TruelyBlessed2015's review was:    

Write A Reply |
apply for platinum first
Helpful to 26 out of 34 people

i like the card just disappointed to find out that the platinum capital one approves people with bad scores also. after i recieved the secured i found and old letter that i was already pre approved for the platinum. called capital one and nothing could be done. you can't get an unsecured credit limit increase  with the secured and it never upgrades to unsecured. so now im stuck with 250 secured. 

Read More
Helpful to 4 out of 4 people

That's not true. I have a capital one secured card and at my 6 month mark they gave me a $300 credit limit increase.

ronndana07's reply was:    


Wait a few months, monitor your score, pay bills on time, use 30% or less , blah blah THEN APPLY FOR PLATINUM. Ye Gods, by then your CS should be vastly improved you could obtain something even higher tier/lower interest rate. Not all is lost man! Survive for 3 mths on $70 Or less total charges, this too shall pass quickly.

Buyaobuyao's reply was:    

Good card to rebuild credit
Helpful to 32 out of 34 people

Approved with a 589 transUnion lost my job got hit with 2 late payments. Went back to work kept limit at 15-20% usage I've had the card for 3 years started with a 250.00 limit 2 years later I got a CI to 750.00 current transUnion is 722 no increase  thinking about just getting an unsecured card. Overall this card did what I needed it to do.

Read More

Top Similar Cards

Search All Cards

Add Your Review Of Capital One® Secured MasterCard®

Rate this product

Rate your application experience (Optional)

Application Process

Customer Service

What is your experience with this product?

I Have It

I Used To Have It

I Applied For It

Write your review:

Profile Image
Post as Member

Compare Holders of this Card

Current Balance
Credit Limit Utilized

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

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

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®

681 Reviews
Balance Transfer Purchase Intro APR Regular APR