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, 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-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
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553
average
468
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 995 user ratings.
Commented at Nov 25, 2014

I applied for this card in July and received it at the beginning of August. Now 3 months later, I was approved for a Merrick Bank unsecured card with a $500 CL. My CK score went from 525 and is now sitting at 583 (was 588 but the inquiry and a collection was added, sucks). Overall, this card works. It's a gateway to rebuilding credit and giving you opportunites to obtain unsecured credit. I think I will wait another 3 more months before applying for another card.

Review by krouwtt
Commented at Nov 25, 2014

This was one of the first secured cards I received when I started rebuilding my credit. A $99 deposit provided a $300 credit line and customer service is excellent. You can pick your own due date to make it easier to insure the balance is paid off each month and options such as Interactive Chat from the website also make it easier to communicate with the Capital One team. I was so impressed with this card that my first unsecured card was Capital One as well.

This card can grow with you as they will increase you limit with a positive payment history.

Review by ddaug4uf
Commented at Nov 24, 2014

At the end of this review I posted my initial review from July 2, 2014. Anyone that is responsible and looking to build initial or rebuild their credit this is the card to go with. My credit score is roughly 40 points higher after six months of usage but would be better if I would keep the credit usage around 20-30 percent. On this card they increased my credit limit (from $200 to $500) automatically after 5-6 months of paying on-time and in some cases way above the minimum. I do plan on increasing the limit on the secured card myself though with an additional deposit. The credit increase happened this month (November) which is also the same month I applied for Capital One Unsecured Credit Card and was approved with a $500 credit limit automatically. The new card has not appeared on my credit but the inquiry has which dropped my score by 4 points. So, overall score up 70 points after 5-6 months of care...should be up more once the new card appears and also since my credit usage will be low...oh and bad items dropping off. I am VERY pleased with Capital One and that they are giving me a second chance to rebuild my credit. In 14 months I'll be entirely out of debt and can't wait to see where this brings me then...maybe a house or the sports car (one I actually pick and want) is in store for me.

Previous Post from July 14'

Brief history here...04/30/2014 ordered and put $99 (paid via EFT) deposit on card. 05/01/2014 $99 withdrawn (1 day) and credit score up 5 points to 530. 05/14/2014 received the credit card. 06/02/2014 credit score up 7 points to 537…possible due to one credit inquiry added. 07/02/2014 credit score up 26 points to 557…would be better if didn’t use over 50 percent of credit usage (didn’t know but do now). So this card is excellent because haven’t even had it three months and my score is up…can’t wait to see how it is in a year when some other things drop off. Get the card!

Review by Wilumm
Commented at Nov 23, 2014

This was my very first credit card.

Dislikes:

-Didn't like how you HAVE to use the credit card, if not you can be charged for it. 

-Didn't like how my limit was too small or the same, even after I pay it all on time and use it on time.

Likes:

-Can be very helpful when you REALLY need cash.

I just wish this card was a little better, by NOT forcing you to keep using it! my budget is extremely tight! this wasn't a good card for me esp how it kept nagging me to use it. 

Review by Anonymous
Commented at Nov 22, 2014

I got this card 6/14 w/ $49 deposit and $200 CL. My current CK 586. Given CLI to $500 without any additional deposit. Same thing happened to my husband. 

Review by Turnaround6

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.