Capital One Platinum Secured Credit Card
on Capital One's website
Capital One Platinum Secured Credit Card
Card details
No annual or hidden fees. See if you're approved in seconds
Building your credit? Using the Capital One Platinum Secured card responsibly could help
Put down a refundable security deposit starting at $49 to get a $200 initial credit line
You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
Monitor your credit score with CreditWise from Capital One. It's free for everyone
Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app
Rates, fees & offers
Annual fee
$0
Rewards rate
N/A
Bonus offer
None
Intro APR
N/A
Ongoing APR
APR: 29.74% Variable APR
Cash Advance APR: 29.74%, Variable
Balance transfer fee
$0 at this 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 APR29.74% Variable APR | ||
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 |
NerdWallet review
By Erin El Issa
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Rating details
4.8
Editor's overall rating
Pros and cons
Pros
No annual fee
Qualify with limited/bad credit
No foreign transaction fees
Report to three major credit bureaus
Cons
Requires minimum deposit
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 Platinum Secured Credit Card, 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 Platinum Secured Credit Card has an annual fee of $0 and no foreign transaction fees. The card's APR is high: The ongoing APR is 29.74% 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 Platinum Secured Credit Card? Check out our full review of the card for details.
