- No annual fee, and all the credit building benefits with responsible card use
- Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
- You will get an initial $200 credit line after making a security deposit of $49, $99 or $200, determined based on your creditworthiness
- Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
- 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
APR: 24.99% (Variable)
Cash Advance APR: 24.99%, Variable
- Qualify with limited / bad credit
- No annual fee
- No foreign transaction fee
- No rewards
- High APR
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. You can get a higher initial credit limit by making a larger deposit before activating your card. The maximum credit line is $3,000.
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 24.99% (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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