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
Access to an authorized bank account is required to make your $49, $99 or $200 refundable security deposit
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
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: 26.74% Variable APR
Cash Advance APR: 26.74%, Variable
Balance transfer fee
$0
Foreign transaction fee
None
Recommended credit score
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 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 26.74% 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.
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