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
  • No annual fee, with all the credit building benefits
  • Unlike a prepaid card, it builds credit when used responsibly, with 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 with no additional deposit required
  • 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
536
average
441
lowest
Intro APR Purchases Intro APR Balance Transfer Regular APR Annual Fee Credit Needed
N/A* N/A* 24.9%* Variable $0 Limited Credit*
Intro APR Purchases N/A*
Intro APR Balance Transfer N/A*
Regular APR 24.9% Variable*
Annual Fee $0*
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: 7.6 out of 10 based on 1204 user ratings.
Commented at Jul 1, 2015

So like many reviewers here, I had very bad credit for various reasons and needed to do damage control (collections accounts, past due payments, etc)... I got the Capital One Secured Card, paid $99 for $300 limit. This was the first card I attempted to get in years (I couldn't even get a basic checking account on my own- used a joint account to pay the deposit). After only 2 months and using the card responsibly, I decided to apply for the Cap One Quicksilver (why not, I already had the hit on my credit) and got approved for a $500 limit on an unsecured card! Whoop whoop! I then applied for 2 cards through Comenity Bank (Victoria's Secret and Marathon) and was approved for both with a $200 on each. Small, but at least I was approved! I use them all responsibly, however I have maxed them all out several times but pay it in full (or at least to 50%) every month. In just 3 months, no joke, my score has gone from 530 Trans Union and 548 Equifax to 560 TU and 578 Equifax. That's a 30 point increase in 3 months!!  I got super excited and applied for many other cards (Discover, another Capital One, Chase) and did NOT get approved. I have 5 hard inquiries on my report now, so I need to wait 2 years for them to drop off and for these cards to help improve my score. I am fortunate enough that I have a husband with good credit, so I am an authorized user on one of his cards and we use that sparingly to help my credit as well. I have looked into many other cards for people with poor credit and Capital One is hands down the ONLY way to go. They are a reputable company and have done well for me, they don't charge outrageous fees and I am extremely happy with them. Not to mention they have a smart phone app where you can make a payment and it posts right away, super handy and there's no waiting & wondering where your money is. I am considering making another deposit just to increase my limit seeing as that will help my score. I will need to keep this card for at least 7 years, so the higher the limit the better and in my opinion it's a small price to pay for being irresponsible. Love love love Capital One! :)

Review by lovedogs1315
Commented at Jun 30, 2015

About 7 months ago I decided I wanted to rebuild my credit so I signed up for credit karma and was recommended the Capital One Secured Card I applied that day and was instantly approved to put down 100 and get a 200 credit limit. I put down 200 and got 300. I wanted extra incase I wanted to rent a car. It took about 2 weeks to get my card which was a little longer than I wanted but no biggie. Instantly when I was issued the card my credit score jumped about 25 points. I use it mostly for gas and as soon as the bill comes out I pay it and it has been increasing my credit every month. Just the other day credit karma recommended me for the Capital One QuickSilver One unsecured credit card. I applied and was instantly approved for a $500 limit. One thing I dont like is it cannot be converted to an unsecured card you have to apply for it. But I recommend not applying for unsecured until credit karma gives you the recommendation just because you may not want the inquires if you done end up being approved or if you apply to soon. This is a great way to rebuild your credit. 

Review by quieonna
Commented at Jun 30, 2015

I started out attempting to restore my credit by simply not applying for anything. Needless to say that wasn't helping me at all. Well, I applied for  a secured card and initally had to give a $200 deposit. My starting score was like 515 in the VERY POOR category. However, with ontime payments my score eventually begin to improve. They automatically increased after a few months only $500. It did not indrease after that and according to the FAQs they don't typically allow credit increases on secured cards. However, I was later approved for the Quicksilver with 0 annual fee/no APR intro. One year later my score has climbed to over 680s! This card is definitely worth a try if you are serious about getting your credit back on track. 

Review by jbutta24
Commented at Jun 28, 2015

My credit scores were abyssmal in January. I went for a car loan in February and my mid-score was a 560... Needless to say, I never thought I could rebuild until I applied for the Capital One Secured card. 

In less than six months after receiving my Capital One Secured Card, my credit outlook has changed substantially. Capital One just approved me for their Signature Visa with a $5K credit line. I was able to re-fi my 16% interest car loan to 5%. I see the light at the end of the tunnel now and don't feel like I'm at the bottom of a pit with no way out. My scores are now in the 620-680's (I have a bankruptcy and tax lien).

For all those who feel like they can't be helped, trust me when I say you can. Capital One will grow with you. Work hard on cleaning your report, pay your bills on time and spend wisely.

I want to thank Capital One for taking a chance when others would not. I will be a Capital One customer for life.

Review by KYRebuilder
Commented at Jun 28, 2015

Back in september 2014 applies for capital one credit card. Wasn't approved :(. I had no idea whats my credit score was and how it works. A month later got message from Capital One offering  this secured credit card. Deposit of $100 was required. And I  got approved for another $100, Totaling $200. Not a lot but hey, if you looking to get your credit  score up, start from small. So I paid on time, along with other bills. Now, 9 month later, my score is flactuating 650 - 690, but have that Chase freedom card, which is kinda hard to get approved for. Basically I'm very glad I started from this card.

Review by Stillimroving

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.