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 |
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.
