Secured Mastercard® from Capital One
on Capital One's website
Secured Mastercard® from Capital One
Card details
No annual fee
Unlike a prepaid card, there is regular reporting to the 3 major credit bureaus
Accepted at millions of locations worldwide
Make the minimum required security deposit and you'll get an initial credit line of $200. Plus, deposit more money before your account opens to get a higher credit line
Access to an authorized bank account is required to make your $49, $99 or $200 refundable security deposit
Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
We will monitor your account, and as you use it responsibly by doing things like making on-time payments, you may be able to earn back your deposit as a statement credit
Easily manage your account 24/7 with online access, by phone or using our mobile app
Rates, fees & offers
Annual fee
$0
Rewards rate
N/A
Bonus offer
None
Intro APR
N/A
Ongoing APR
APR: 26.99% Variable APR
Cash Advance APR: 26.99%, Variable
Balance transfer fee
$0 at the Transfer APR
Foreign transaction fee
None
Recommended credit score
Compare to other cards
| Learn more | ||
Annual Fee$0 | Annual Fee$0 | Annual Fee$0 |
Regular APR26.99% Variable APR | Regular APR18.00%, Variable | |
Intro APRN/A | Intro APR10.99% intro APR on Balance Transfers for 6 months | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
Wondering if this card is the best match for you?
Wondering if this card is the best match for you?
Wondering if this card is the best match for you?
Just tell us some details and see which card matches your needs most.
Just tell us some details and see which card matches your needs most.
NerdWallet review
By Erin El Issa
Rating details
4.9
Editor's overall rating
Pros and cons
Pros
Qualify with limited / bad credit
No annual fee
No foreign transaction fee
Cons
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 Secured Mastercard® from Capital One, 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 $1,000.
The Secured Mastercard® from Capital One has an annual fee of $0 and no foreign transaction fees. The card's APR is high: The ongoing APR is 26.99% Variable APR -- so make sure you pay your balance in full each month to avoid incurring interest.
Want to learn more about the Secured Mastercard® from Capital One? Check out our full review of the card for details.
