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Capital One® Secured MasterCard®

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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 7698 out of 7989 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 2539 out of 2674 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 (913)

Great Way To Rebuild!

I got this card to rebuild my credit and it's working out great. I started out with a $300 deposit and after 5 months of on time payments Capital One increased my limit to $600. They have convenient apps they helps you keep up with payments and purchases. I recommend this card to anyone with no credit or rebuilding credit...

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Helpful to 3 out of 3 people

Great rebuilding credit card. I have had card for 7 months. Last month was given secured status with limit increase. Helped me get a quicksilver card. In 7 months I've aquired three credit cards and have numbed my score from 555 to 625. Their App is really good too. 

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Great choice
Helpful to 1 out of 1 people

I  was very hesitant at first to get this secured credit card. Especially considering you do not get your deposit back until you close the account. However over the last 6 months my credit score has improved tremendously! What's even better is today they increased my credit limit by $300.00! I would recommend this credit card to anyone who has poor or no credit. Do as others say keep low utilization and pay off in full each month! 

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Pleasantly Surprised!!!
Helpful to 5 out of 5 people

I was approved for this card Feburary 2015 with a $200 limit and a$50 security deposit. And in that time I have been able to get a Capital One Platinum and a Quicksilver One both with $500 limits. I was also approved for a Victoria Secret card a couple days ago with a $250 limit. I have kept the balances on all of the Capital One cards below 25%. And I was extreamly surprised when I woke up this morning to see that my Security card went to a Platinum card and the limit was raised to $500!! I thought the only way to raise the limit was to deposit money which I never did.

Thank you so much for giving me a second chance Capital One!!

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Is this the card for me?
Helpful to 0 out of 1 people

Okay so I am trying to build my credit like everyone else, and have been trying very hard. Wenr from calling Lexington Law wfor help currently waiting for the results to see if it is working. To setting up everything to payment plans and keeping track of everything with books and callenders. Honestly I am also young only 22, but I had to grow up fast learning how to provide and take care of myself from a young age. Anyway I have great apartment history everything paid on time as well as never had evictions or any civil matter. The reason why I think my credit sunk is due to when I started college I was in need of money and ended up opening a credit card. Soon I didnt pay that card and really wasnt worried due to I had no idea what a overdue/canceled credit card would do to my credit just until I tried getting a car on my own and they said basically my credit sucks. I though it was funny because I had been getting approved to every apartment I applied to even some where many stated it was impossible to get in so I dont understand. But I am looking for a new card most likely a secured credit card that can help me rebuild my credit with a score of 500 is the card for me? can it help me? what If I'm no approved before I try do you guys have any other options for me I dont want to get denied and it just hurts me. 

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Do not trust Capital one
Helpful to 3 out of 4 people

I had this card and had alot of probelms they dont cater to deaf people and they are downright rude.I had told them I had lost my job and had to close my account and what did they do they jacked up the intrest way too high for me to pay and they said tough either pay up or face problem with my credit so this is what I get from them for making false promise they cant be trusted or bargin with they dont talk to deaf whenever I try to call them via vp (video phone) they hung my credit was in a bad shape my ex left me high n dry in the street had to startr over all over again.

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Helpful to 23 out of 23 people

I'm in the process of rebuilding my credit. I applied for this card at the end of July with an initial $200 limit and needed a $49 deposit. I added $800 to it so my limit is now $951. I used it for the first time for a rental car in August during vacation and paid it off (half in August, half in September). I also disputed all the old debt on my credit report and managed to get my debt down to less than $1000 on both TransUnion and Equifax! I then went to Credit Karma who showed where Capital One had reported it to my credit a week after I had gotten the card! (Some have said that it takes 1-2 statement cycles to be reported). My score went up from 575 to 623! I applied for the Capital One Platinum Card and Capital One Quicksilver One thinking I wouldn't get approved. To my surprise, I was approved for both at $500/each! I received them in the mail yesterday and I'm looking forward to the credit line increases and getting back up to the 800 score that I used to have! 

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Last time I reviewed this statement was almost a week ago, why does it have Oct 2, 2015 like it was just written on that date?

ma56dukes's reply was:    


I reviewed the card on October 2nd so I guess they put the most recent reviews at the top. Not sure...

MZMULATTOBBW's reply was:    

Didn't get approved.

Had a score of 524, and tried to apply. After filling out my information, I was told that I didn't qualify. I couldn't get approve and that they will send a letter why. I think I already know why. Because I have a thin line of credit or something. What am I doing wrong?

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Great For Rebuilding Credit!
Helpful to 15 out of 15 people

In college I kind of destroyed my credit (as a lot of us do) and so I have recently been trying to rebuild it. Applying for the card is easy and with a low 500 score I was able to qualify to get this one. I've had the card for just over 9 months and my credit has improved by about 90 pts! Which is amazing! As long as you keep an eye on your utilization and make sure you make your payments on time this card will work wonders for you. The app is super handy for making payments and checking balances etc. Overall I think this card is awesome if you are just beginning to use credit or you need to rebuild.

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Helpful to 5 out of 7 people

I've been with CapitalOne for a few years now, and a hardship hit me AND my husband about 2 years ago, wasn't getting pay checks that I need and slowly but surely everything started falling. I let all my credit cards go past due. I have a total of 3 cards with CO that all equaled up to $2,800.....I let them became past due until total balanced owed on all cards was a good $3,500.....I finally got back on track and about 10 months ago, I finally applied for the quicksilver rewards card and was approved instantly. 

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Lisasanchez89's review was:    

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

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

Capital One® Secured MasterCard®