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
  • Build credit with responsible use with no processing or application fees
  • Regular reporting to the 3 major credit bureaus
  • Your security deposit can get you a line up to $3,000
  • You may qualify for a credit line increase based on your payment history and creditworthiness
  • Build a financial foundation you can stand on with a card that gets you started
  • Use it like any MasterCard credit card, accepted at millions of locations worldwide
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 929 user ratings.
Commented at Aug 25, 2014

As part of my New Years resultion I decided I was going to pay down/off any remaining debts and also start working on my destroyed credit. CK recommended I try this card, and while skeptikal about using a securd card with High APR I took a chance. I was approved for the $200 limit and used it soley for minor purchases that I knew I could have easily just paid cash/debit card for. In June, my score was at 599 from the 530 I started at. I paid an extra $200 to bring my CL up to $400 that months as well. At the end of August I noticed my available credit was now at $700. I guess low balances and ontime payments have helped as I got an additional $300 with out making any deposit. This also happen to be right after I became 100% debt free besides my normal monthly bills ( cell, insurance, etc) 

My CK score is still stuck @ 599 for the past 3 months, but I am hoping that to change and will keep working on maintaining better control over my finances and spending.

Review by Throttles83
Commented at Aug 24, 2014

I was getting denied left and right to any kind of credit.  I decided to appy for this card and got approved for $300.  I then deposited $2700 to make the credit limit $3000.  I waited for a year and didnt even use the card once and only paid the annual fee up front.  This card was basically my foundation to help me building my credit and because of it I have to capital one cards with a $3000 and $3500 credit limit.  A barclay with a $3300 credit limit, discover card with $1300 and a citibank card with $1400 limit.  My credit score is now a 684 and I owe it to this card for helping get my credit to a better spot. 

Customer service was very helpful and they gave me back every single penny without a hassle.

Thanks cap 1.

Review by itzl0so
Commented at Aug 19, 2014

I got this card in Feburary 2014 with only a $200 credit line. I believe I had a 570 credit score. I never really cared about my credit until I got older and decided I would like to buy a house someday lol. I put my $99 down (its not that much considering all the benefits you will get)

I pay my balance down to enough were 20% is being used. My payment is on the 6th every month and I pay on the 3rd or 4th so it has a few days to post and by the time the 6th gets here it shows paid and my balance is down. 

In June I noticed on Credit Karma that I had a very good chance of getting approved for the Captial One Quicksilver card. I knew if I was declined I was get hit with another inquiry that I didn't need while trying to build my credit. WELL I did apply and was APPROVED with a $1,000 credit line! :D  So awesome since I've only had my previous CC  (and only CC) for a few months. I do the same with the payment on that which I also made to be the same day as the previous card. I pay more than the minimum all the time.

On Monday August 18, while I was just reveiwing my balances I noticed I got a credit increase on the Capital One Secrured Card fo $300. Now my credit limit for the secured card is $500...awesome! I only have a $45 balance on there and usually keep it under a $100. Also, my credit score went up 42 points since my credit limits increased also! 

My advice: GET THE CARD if you are trying to build credit. It works, pay your bill a few days before the due date and DON'T max it. Thats just dumb. 

Review by pmarie2014
Commented at Aug 19, 2014

I applied with a 602 CK credit score (604 Fico) and was approved for a $200 limit with $49 deposit in May 2014. I received the card in June. My plan is use the card and pay off each month prior to the Reporting Cycle and to increase my credit limit each month by making deposits. So far I have deposited $849 which will bring my CL to $1041. The only thing that I HATE is that it takes10 days to post your credit limit increase payments/deposits but when you make regular payments they post in 1-2 days!!! When I called to ask about it at least I got someone who I could understand (didn't sound outsourced). I have seen nothing that validates a reason for this posting delay but I won't complain because I getting where I want to go slowly but surely. My Fico Transunion Score is 625 now so that's a 21 point increase from June to August. 

Review by bfmorant
Commented at Aug 16, 2014

I had a terrible credit score as a result of being an immigrant; I didn't have bad credit, I had no credit!  Just four months ago my score was 552.  I applied for this card and was approved for $200 with a $200 deposit, which was fine by me.  I didn't need the line of credit, I just wanted to build my credit score.  After just two months of using the card for a tank of gas once a month and paying it off my score rose to 636!  This month I was approved for Care Credit thanks to my improved score, and as a result I am sitting at a much more respectable 655.  That's over 100 points better from April to August!

Review by Anonymous

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.