Capital One® Secured MasterCard®

The following table shows the features, rates, and other key data for the Capital One® Secured MasterCard® offer in Bad Credit offers. These terms are updated on a daily basis by the CreditCards.org database. If you wish to apply for the card, you may do so securely on its official website by clicking the Apply Now button below:
Capital One® Secured MasterCard® Apply Now
  • Unlike a prepaid card, it builds credit when used responsibly
  • Regular reporting to the 3 major credit bureaus
  • Your minimum security deposit gets you a $200 credit line
  • You may qualify for a credit line increase based on your payment history and creditworthiness - no additional deposit required
  • It’s a credit card - accepted at millions of locations worldwide
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
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566
average
516
lowest
Intro APR Purchases Intro APR Balance Transfer Regular APR Annual Fee Credit Needed
N/A N/A 22.9%* Variable $29* Limited Credit*
Intro APR Purchases N/A*
Intro APR Balance Transfer N/A*
Regular APR 22.9% Variable*
Annual Fee $29*
Credit Needed Limited Credit*

Credit Score Needed

Capital One® Secured MasterCard® is generally for people with Limited Credit, though other factors besides credit score can also determine whether a particular application is accepted. See more Bad Credit offers.

Most Helpful User Review

Commented at May 5, 2013

I don't usually leave comments, but I hope this helps someone in need. 10 months ago, I had no idea how credit worked and how important it is to establish it. For some reason, I was consistently denied by various credit card companies, including department stores. I had no hope.

Then I came across this secured card, I remember checking my score and it was estimated to be 550 (yeah, that's crap).

Now its been 10 months, $200 limit, no missed payments; my score is 669 with equifax and 680 with transunion. To top it off, I went to my bank (BofA) and was approved for credit card with a $2500 limit.

I have this secured card to thank for getting me started. I see a lot of people complaining about not being able to get the $200 back. I say, forget the $200 bucks, Capital One can keep it. The credit score increase has been invaluable as it literally jump started me to be able to do what I need in the future.

Review by Anonymous

User Reviews

Average Rating: 7.2 out of 10 based on 968 user ratings.
Commented at Oct 27, 2014

I work for Boeing; I am fresh out of college, and rebuilding my credit from 2007-2014 while, I was in college full time with only internships here and there. Unfortunately, I used two past credit cards (CC) from 2007-2009, which were both canceled in 2009 to buy books, eat, and put gas in my car. I was delinquent on all accounts for many years as I could barely even afford food. Washington has some good Food Banks that I found to be very helpful as a college student with no job. 

I obtained this secured MasterCard in 2013 and my credit score was 530 at the time. While using the free credit tracker from CapitalOne as part of the offerings in getting this card, I have cleaned up my credit report on past due amounts owed. CapitalOne gave me $500 and I had to pay $250 deposit I believe to open it. Around 7/1/2014 CapitalOne increased my limit to $750, which I noticed while checking my free credit report and score tracker they offer.

My credit score was in the low 500’s in 2009, is now an avg 688 in 2014, and I have 5 negative items on my report, which are all paid off and one is a judgment that I also paid off. Every debt outside of my student loans are paid off, and I have 33k left in student loans to repay.

However, I requested a $2,500 CC from the Boeing Employee Credit Union (BECU) and they approved it with 10.9% interest on 10/24/2014. I do not need the CC, but I need to start rebuilding my credit so that I can purchase a house. I now make over 80k per year so I am not sure if that played into my approval, but I hope my story helps those considering to apply for this card, or others. The struggles that I went through to get here, but I could have done it without the help of this CC from CapitalOne. Just took a solid year and cleaning up my past mistakes. I never charged more then $30 on this per month (automatic gym dues) and I would pay it off within a week of its charge. Having any balance will reduce your credit score, which I verified every month checking my report. My score would drop 1-2 points per month that I had a balance on my CC, and increase back when it did not.

Review by Anonymous
Commented at Oct 22, 2014

This card has done my CK credit score great justice. I've had it under 6 months and my score reads 721. I just got approved for an unsecured cash rewards card (QuicksilverOne). If you understand how to pay and you're responsible this card can be a great help to your credit.

Review by HandsomeNick
Commented at Oct 21, 2014

I was approved for the $200 limit with only a $49 deposit! My credit score was low too, like 546! Within a month my credit jumped 65 points, now my score is 611!! In only one month! So glad I got this card, just make sure you pay it on time!!

Review by Pugnap
Commented at Oct 21, 2014

Your'e insane if you are planning to pay that much for a card, your trying to build credit not continue in debt. Never keep up with the jones. I am going to stay within my budget. Even if I were able to just throw money around like that it would not be on this card. Remember you build credit from a line of respondible credit history not whose spending the most money. In life its about investments, how can you invest while making others rich?(#toeachitsown)

Review by Anonymous
Commented at Oct 19, 2014

I'm in my very late 20s and realized I needed to build SOME sort of credit and have some kind of plan for emergencies. Since I first applied for a card at 18, I've been turned down multiple times by banks, gas stations, and department stores. On a friend's suggestion (a friend who rebuild credit from below 600), I began my search for a secured card.

With a starting score of 627 and 4 accounts in collections ( just over 3k), I was pleased to be approved for a 200$ CL and the 99$ deposit. After three months of on time payments (I always PIF), my score has jumped 13 points, and I was approved for the Chase Freedom card (hooray for rewards!) with a 500$ CL.

Anual fees are always disappointing, but this was the lowest of the top 5 recommended secured cards, they don't report the card as secured to the credit bureaus (looks bad when they do), the phone app is user-friendly, and this card helped me get my foot in the crappy and frustrating door of credit.

Review by foulmouthedruffian

Credit Limit

If approved for the card, the issuer will notify you of the credit limit on your card. Please see the Capital One® Secured MasterCard® for complete terms, conditions, and details of the offer.

+ This information is provided through a relationship with CreditKarma.com. Credit Karma members have received approvals with these TransUnion New Account credit scores. Please note that because other factors may affect credit card approval, these approval metrics are only guidelines and approval is not guaranteed.