Capital One Secured MasterCard: Good Choice for Bad Credit

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.

The Capital One® Secured MasterCard® is a good choice if you’re looking to boost your credit score. It has no hidden charges and a low annual fee of annual fee is $0The ongoing APR is 24.9% (Variable), which is a bit high, but even so, it’s one of our favorite secured credit cards. Besides being straightforward, the Capital One® Secured MasterCard® has a few other perks worth talking about, like a low security deposit, flexible payment options and a line of credit that grows with you.

Capital One Secured MasterCard Credit Card
Apply Now

on Capital One's
secure website

Flexible security deposit with room to grow

Like all secured credit cards, the Capital One® Secured MasterCard® requires a refundable security deposit. However, the card determines your limit amount based on your credit score. Your deposit may be $49, $99 or $200 for a starter credit line of $200, but you can increase this up to $3,000 by making additional deposits. Best of all, if you can’t pay your security deposit up front Capital One will let you pay it in pieces, as long as you’ve paid off the full amount within 80 days of your approval. This is a great benefit for those on a fixed income.

Example image of Capital One® Secured MasterCard®

Capital One® Secured MasterCard®

  1. 1 stars
  2. 2 stars
  3. 3 stars
  4. 4 stars
  5. 5 stars
Apply Now on Capital One's secure website


  • Qualify with limited / bad credit
  • No annual fee
  • No foreign transaction fee


  • No rewards
  • High APR

Sign-up Bonus

You may qualify for a credit line increase based on your payment history and creditworthiness - no additional deposit required

Annual Fee


Intro APR Promotions



  • APR: 24.9% (Variable)
  • Cash Advance APR: 24.9% (V), Variable

Card Details

  • No annual fee, with all the credit building benefits
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • Get free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker
  • Your minimum security deposit gets you a $200 credit line
  • You may qualify for a credit line increase based on your payment history and creditworthiness-no additional deposit required
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card-accepted at millions of locations worldwide

Higher-than-average APR isn’t necessarily bad

If you’re approved for the Capital One® Secured MasterCard®, the 22.90% APR will apply right away — there’s no introductory period with 0% interest. However, most credit cards for bad credit don’t offer a low APR introductory period, anyway. Furthermore, a lower APR doesn’t guarantee you’ll pay less in the long run.

The Orchard Bank® Classic MasterCards has a much lower APR of 7.9%, but its annual fee is $59, which is higher than the Capital One® Secured MasterCard®‘s annual fee. The low APR makes the Orchard Bank® Classic MasterCards competitive, but not necessarily a better deal if you make all your payments on time and in full. If you’re doing both of these things, the APR doesn’t matter since you won’t incur interest.

Consider your options

If you have no or bad credit, your choices are limited. If you’re trying to rebuild bad credit, the Capital One® Secured MasterCard® is well known for a low minimum security deposit. Using any secured credit card responsibly will help you build your credit score and allow you to graduate to a card with lower fees and/or a rewards program.

Unsecured Credit Card Secured Credit Card Prepaid Debit Card
Affects credit score?
Upfront Deposit?
Line of Credit?
Unsecured Credit Card Secured Credit Card Prepaid Debit Card
Affects credit score?
Upfront Deposit?
Line of Credit?