Capital One Secured MasterCard Credit Card

Capital One® Secured MasterCard®

ADVERTISER DISCLOSURE
Card Details

Signing Promotion

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

Reward Rate

0.00%

Annual Fee

$0

APR, Variable

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

Intro APR Promotions

None
Card Features
  • 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 with 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
thumbsupPros
  • Qualify with limited / bad credit
  • No annual fee
  • No foreign transaction fee
thumbsdownCons
  • No rewards
  • High APR

NerdWallet Review

Author: Erin El Issa
If you have bad or no credit, a secured card is a great option to improve your credit score. Enter the Capital One® Secured MasterCard®, one of our favorite secured cards on the market. Based on your current credit score, Capital One will determine your refundable security deposit amount -- either $49, $99 or $200 -- which will get you a starter credit limit of $200. Want more than $200? You can make deposits to increase your limit up to $3,000.

You can watch your TransUnion credit score improve with Capital One's Credit Tracker. This online program has a credit simulator to determine how certain actions will affect your score and has credit alerts so you can keep up with changes to your report. The score offered isn't FICO, but rather a proprietary score, so don't assume that your future lenders will see this same score. That said, it's a good measure to determine whether or not your credit is improving.

The Capital One® Secured MasterCard® has an annual fee of $0 and no foreign transaction fees. The card's APR is high: The ongoing APR is 24.9% (Variable) -- so make sure you pay your balance in full each month to avoid incurring interest.

Want to learn more about the Capital One® Secured MasterCard®? Check out our full review of the card for details.

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