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Capital One® Secured MasterCard®

Approval Odds
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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 4047 out of 4206 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 1974 out of 2063 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 (783)

Feb 25, 2015

Great Rebuilder!!
Helpful to 44 out of 45 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 26 out of 26 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 22 out of 87 people


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Feb 17, 2015

Perfect cc to rebuild really bad credit!
Helpful to 102 out of 131 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 5 out of 5 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 128 out of 141 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:    


Feb 12, 2015

Great chance of getting approved!
Helpful to 48 out of 54 people

Takes a couple of days for the money to move around but over if used right it will help build you credit!

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Makhiap's review was:    

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Feb 12, 2015

Great chance of getting approved!
Helpful to 30 out of 37 people

Takes a couple of days for the money to move around but over if used right it will help build you credit!

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Feb 11, 2015

Great and fast card to build or re build
Helpful to 114 out of 117 people

I got this card in October 2014 with CK of 500. I made a couple deposit s to raise my limit to 700 $ , used only 20% and paid  more than minimum balance every month . My CK  jumped to 530 the first month. On January 2015, I applied for first city bank credit card and I was approved with 300$ limit. They charge 6$ fee every month so that's all I used the card for just to pay the 6$ by the due date . On Febraury 10 , 2015 I checked CK and my score is 646. I can't be any happier. I applied for capital one quicksilver and was approved for 500$ limit. Only in 4 months , I raised my credit score by 150 points and you can do it too:). Thank you capital one for giving me a second chance.

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federer's review was:    

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Feb 11, 2015

Helpful to 3 out of 3 people

wow u raise it by 150 points in 4months that's is good hope I get mines in a week or 2 cant wait to start to rebuild my credit

chris6114's reply was:    


Feb 11, 2015

Great for credit rebuild
Helpful to 36 out of 41 people

I applied and got this card in Aug 2013 with credit score of 545 which was pretty bad. Trying to rebuild they approved me and I sent in a $1000 deposit. Been making regular payments for the last 6 months and using less than 30% except for one month where I missed my paydown date and had a higher utilization of 45%. After 3 months I added another $500 to increase my limit to $1500. Long story short I now have a score of 605 and working hard to get to the 700s. Earlier this week I had a pleasant suprise of a CLI of $300 which is unsecured and I did not request. I also got approved for an unsecured quicksilver with a $500.00 limit. It's not much but it's a step in the right direction. I would certainly recommend this card to my friends and family.

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My3girlsROCK's review was:    

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Feb 05, 2015

help rebuild credit
Helpful to 33 out of 36 people

I got this card with a $200.00 deposit and has help me build my credit to the better! I started off with $200.00 deposit and after 6-8months I my card converted to a regular credit card and was given a credit increase to $500.00 i would defenetly recomend it!

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zerolimit30's review was:    

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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