Don't let your credit past dictate your financial future.
Secured credit cards can be a great option if you want to improve or build your credit.Find out if you're pre-approved withno risk to your credit score.
See If I'm Pre-ApprovedApply Now
Credit Level: REBUILDING
Secured credit cards can be a great option if you want to improve or build your credit.Find out if you're pre-approved withno risk to your credit score.
See If I'm Pre-ApprovedApply Now
Annual Fee
$0
Security Deposit
$49,$99 or $200 minimum refundable deposit
Purchase Rate
29.99% variable APR
Tools to help you on your credit building journey
Refundable Deposits & Upgrades
With responsible card use, you could earn back your deposit and upgrade to a standard, unsecured Platinum card. 1
No Hidden Fees
No foreign transaction fees. No replacement card fees. No authorized user fees. Just the card you need with no unwanted surprises.
Automatic Credit Line Reviews
Be automatically considered for a higher credit line in as little as 6 months.
Credit Reporting
We report to the three major credit bureaus. A history of responsible use could help you build credit. 2
How does the security deposit work?
A security deposit helps to establish the credit limit on your Platinum Secured Credit Card. By using your card responsibly and making on-time payments, you may be able to improve your credit score and be considered for a credit line increase in as little as six months. There are three simple steps involved with making your security deposit:
1
Make Your Deposit, Open Your Account
A $49, $99 , or $200 minimum deposit opens your account with an initial credit line of $200.
2
Deposit More, Raise Your Credit Line
You can raise your initial credit line by depositing more than the minimum amount (up to a maximum limit of $1000).
3
Use Your Card Responsibly, Get Your Deposit Back
With responsible card use, like making payments on time, you could earn back your deposit and upgrade to an unsecured Platinum card 1 .
Already been approved, but need to fund your card?
Make A Deposit
Explore Capital One Platinum Secured card benefits 3
Account Alerts
Set up personalized email or text reminders to help you stay on top of your account.
Autopay
Set up Autopay for your account and your payments will be made automatically every month.Learn more about setting up Autopay.
See Monthly Recurring Transactions
24/7 access to a list of merchants that charge your Capital One card monthly, like subscriptions and bills on your account atwww.capitalone.com
Authorized User
Add an authorized user to your account, and track spending by user.
Balance Transfer
Transfer your higher-rate balances onto a Capital One card.Learn more about balance transfers.
24/7 Customer Service
Helpful customer service representatives are available to assist you 24 hours a day.Contact Capital One Customer Service here.
Balance transfer requests are subject to approval.
Security Alerts
Get notified via text, email, and phone if Capital One notices potential suspicious transactions on your account.
$0 Fraud Liability
If your card is lost or stolen, you will not be responsible for unauthorized charges.
Virtual Card Numbers from Eno
Pay for online purchases with virtual card numbers and keep your actual card number to yourself.Learn more about virtual card numbers.
Card Lock
Lock your card in the Capital One Mobile app if it’s misplaced, lost, or stolen.
Account Alerts from Eno
Receive an alert if Capital One detects a potential mistake or unexpected charge like a potential duplicate purchase or a sudden recurring bill increase.Learn more about account alerts.
CreditWise
Get alerts when your TransUnion® or Experian® credit report changes. Learn more about CreditWise.
$0 fraud liability claims are subject to investigation and verification.
With Card Lock, some activity may continue, including returns, credits, payments, interest, dispute adjustments, other account fees, purchase transactions during system downtime and certain other exempted transactions.
CreditWise availability will vary depending on ability to obtain your credit history from TransUnion® and is free for everyone whether or not you have a Capital One credit card.
Capital One Mobile App
Manage your account anywhere, anytime. Pay your bill, view your balance and transactions—even stay on top of your credit for free with CreditWise.Download the Capital One Mobile app here.
Eno®, your Capital One assistant
Wherever you are, Eno keeps an eye on your accounts 24/7, sends alerts when something’s up, and is always ready to answer questions—so you can keep moving.Learn more about Eno.
CreditWise from Capital One
Monitor your credit with CreditWise. It’s free for everyone—whether or not you have a Capital One credit card—and it won’t hurt your score.
CreditWise availability will vary depending on ability to obtain your credit history from TransUnion®.
No Foreign Transaction Fees
You won’t pay a transaction fee when making a purchase outside of the United States.
Emergency Card Replacement
If your credit card is lost or stolen, you can get an emergency replacement card.
ATM Location Services
Receive help finding the nearest ATM when traveling.If you’re using your Platinum Secured Credit Card at an ATM to take out a cash advance, be sure you have reviewed the Cash Advance fees on your card ahead of time.
50% off Handcrafted Beverages
Capital One cardholders enjoy 50% off all handcrafted beverages everyday at any Capital One Café nationwide. Find your Café.*
* Cafés do not provide the same services as bank branches, but all Cafés have ATMs and Ambassadors who can help you. Visit a Café for details. Food and beverages provided by a third party provider. The 50% off handcrafted beverage discount is applicable with the use of any Capital One credit card, debit card, or co-branded card that displays the Visa or MasterCard logo. Limit one per person (if applicable), while supplies last. Banking products and services offered by Capital One, N.A., Member FDIC. © 2023 Capital One.
See All Card Benefits
Frequently asked questions
What is a secured credit card?
A secured credit card is a type of credit card that offers you an opportunity to build or rebuild your credit with responsible use. This card type requires a refundable security deposit that’s held as collateral while the account remains open, similar to the security deposit given to a landlord to rent an apartment. No interest is applied to the security deposit.
How does the Capital One Platinum Secured Card work?
Once you’re approved, all it takes to get started is a minimum required security deposit, which you can pay all at once or with installments over the next 35 days. You can make your security deposit online or over the phone. When you’ve made your minimum required security deposit, your account will be opened. There are two ways your security deposit can be refunded. First, you can earn back your deposit if your card issuer upgrades you to an unsecured card after you’ve demonstrated your ability to use your secured card responsibly. Second, we will refund it when you close your account and pay your balance in full. Your card status will be regularly reported to the three major credit bureaus.
How is the Capital One Platinum Secured Credit Card different from a prepaid card?
Unlike a prepaid card, a secured card is an actual credit card that reports to the three major credit bureaus—providing the opportunity to build your credit, with responsible use. Prepaid cards are more like debit cards and cannot help you build your credit because they do not report to the major credit bureaus.
Will my Capital One PlatinumSecured Credit Card have the word “secured” on it?
No. Your Capital One Platinum Secured Credit Card will not have the word “secured” on it. It will look just like other Capital One credit cards.
Can my application be declined for the Capital One Platinum Secured Credit Card?
Yes. While Capital One Secured cards don’t require a credit score to apply, you must meet certain conditions for your income and existing debt in order to qualify for a Platinum Secured Credit Card. If you don’t meet these conditions, your application may be declined.
What happens to my security deposit?
Your security deposit is held as collateral against the credit line on your Platinum Secured Credit Card. There are two ways your security deposit can be refunded. First, you can earn back your deposit as a statement credit by using your card responsibly, or second, we will refund it when you close your account and pay your balance in full. Your card status will be regularly reported to the three major credit bureaus.
How can I pay the security deposit for my Capital One Platinum Secured Credit Card?
If you are approved for a Platinum Secured Credit Card, you will be given a customer number, which is your unique identifier that you’ll need to include when you pay a required security deposit online or over the phone. All deposits must be at least $20 and in whole dollar increments and funded through an electronic funds transfer from a bank account—cash, checks, and other money transfer methods are not accepted. You can make your required deposit on ourdeposit page.
Can I pay my security deposit over time?
Yes. You can make partial payments but need to make sure you’ve made your full, required deposit within 35 days of being approved for a Platinum Secured Credit Card. Once we've received your required deposit, your card will be on its way. All deposits must be at least $20 and in whole dollar increments
What happens if I don’t send in the required deposit for my Capital One Platinum Secured Credit Card?
You must make your required security deposit payment within 35 days of being approved. If you do not make your required deposit, we will not be able to open an account for you and will return any partial deposits.
Does my security deposit cover the monthly payments for charges I make to my Capital One Platinum Secured Credit Card?
No, you must still make at least your minimum monthly payment each month. Paying your credit card balance in full each month instead of carrying a balance can help you avoid interest payments.
Can I make an additional deposit and increase my initial credit line on a Platinum Secured Credit Card?
Yes. If your application is approved and you provide the minimum required security deposit prior to the expiration date, your account will be opened, and you will receive the minimum initial credit line of $200. To increase your initial credit line, simply deposit more than your minimum required security deposit within 35 days of being approved and before you activate your card. You can raise your initial credit line by the amount of your additional deposit, up to $1,000.
How do I increase my credit line without having to make an additional deposit?
You may earn credit line increases based on your payment history and creditworthiness with no additional deposit needed. Learn more about how to carefully manage your credit limit increases.
What Platinum Secured Credit Card activity gets reported to the credit bureaus?
Capital One reports your credit standing to the three major credit bureaus. Credit standing includes information like whether you make your minimum payment in full and on time every month. A history of good credit standing can help build your credit. However, not making your minimum payments on time each month can damage your credit.
How are my payments applied to a Capital One Platinum Secured Credit Card?
We generally apply paymentsup to your minimum paymentfirst to the balance with the lowest APR (including 0% APR), and then to balances with higher APRs. We apply any part of your paymentabove your minimum paymentto the balance with the highest APR, and then to balances with lower APRs.
Does Capital One offer additional resources to help me learn more about improving or building my credit?
Yes.CreditWise®from Capital Onegives you unlimited free access to your credit score, as well as tools to help you track and manage your progress. It’s free and available to anyone, even if you’re not a Capital One cardholder. You can also explore tips and financial tools you may need as you start to build or improve your credit on our Credit Building landing page.Additionally, you can find tips on how to improve your credit score, how to build credit from scratch, how to use a secured credit card to help build credit and more in the Money Management section of the Capital One blog.
Customer Reviews
- 5 Star 64%
- 4 Star 20%
- 3 Star 8%
- 2 Star 4%
- 1 Star 4%
4.4
based on 14042 reviews
89 %
of reviewers recommend Platinum Secured
4.4
based on 14042 reviews
89 %
of reviewers recommend Platinum Secured
- 5 Star 64%
- 4 Star 20%
- 3 Star 8%
- 2 Star 4%
- 1 Star 4%
Reviews managed by Bazaarvoice — Learn more about the Bazaarvoice Authenticity Policy
Tiger
Tiger1959 - April 24, 2024
Your company is a joke said could have a credit card, after you received my 50 dollars for security and never got my card
Yes, I recommend this product
Excellent card for payment for services and shoppi
Alex 1 - April 23, 2024
Excellent card for payments for services and goods
Yes, I recommend this product
Yes, I recommend this product
Great for building and repairing credit.
Good credit builder - April 23, 2024
It helped me recover from a bad credit situation though I do not depend on it for large purchases because of the limits. I have other cards that go up to $21,500 in credit each but this card remains in the $300 limit th...
Yes, I recommend this product
Yes, I recommend this product
Works as it should
Shanbo - April 22, 2024
Easy to use and make payments. My payments post within 24 hrs
Yes, I recommend this product
Yes, I recommend this product
Fantastic card with great cash back!!
Crc0015 - April 22, 2024
My overall experience with this card has been fantastic and the cash back is a great bonus.
Yes, I recommend this product
Yes, I recommend this product
Great job
AmirBoxing - April 22, 2024
I am very satisfied with service and credit improvements I got I strongly recommend
Yes, I recommend this product
Yes, I recommend this product
great card with rewards
r1dragon - April 22, 2024
its a simple card, no hassles, gives rewards for shopping, no fees
Yes, I recommend this product
Not enough credit.
Ifonly - April 22, 2024
It doesn't satisfy my needs. It cannot keep up with my spending. I upkeep well beyond my payments. In fact my payment history is excellent even exceptional. Just isn't enough for me.
Yes, I recommend this product
Just the right card
Mygirl62 - April 22, 2024
The card is just good timing much better than my other cards. I’m hoping to close the other cards and mauu my this my main card. It’s helping me so much.
Yes, I recommend this product
Yes, I recommend this product
Excelente oppotunity to build my Credit
Lopez1980 - April 22, 2024
Good for me its easy to pay and use everywhere. Am so happy
Yes, I recommend this product
14042 matching reviews found
1
Your security deposit will be returned and your account unsecured. All other card terms and features will remain the same.
2
Many factors are used by credit bureaus to calculate your score. Impact on your credit score will vary.
3
Some cardholder benefits are only available to the primary cardholder and not authorized users.
4
Based on Capital One Secured Card holders who are actively enrolled in CreditWise, had a starting VantageScore® of less than 600, used their secured card and made on-time payments for the first consecutive six months after account opening (data gathered from July - November 2022). CreditWise scores are calculated based on the TransUnion® VantageScore® 3.0 model, which is one of many credit scoring models and may not be the same model your lender uses. Results may vary.
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