Capital One® Secured Mastercard®
on Capital One's website
Capital One® Secured Mastercard®
Card details
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
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
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
Foreign transaction fee
None
Recommended credit score
NerdWallet review
By Erin El Issa
Rating details
4.3
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 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 $1,000.
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 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 Capital One® Secured Mastercard®? Check out our full review of the card for details.
NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Already have this card?
Tell us what you think.
Some of the reviews on the NerdWallet site were purchased through a third party provider. Users who post a review directly on the NerdWallet site will not be compensated in any way. Please see our Terms of Use and Posting Guidelines for more information.