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 1025 user ratings.
Commented at Dec 16, 2014

I've been with Cap One Secured since May with a score of about 580. I gave them a $49 deposit and got a CL of $351. This week I logged in to discover they raised it up to $651. My current credit Karma score is 652 and experian 672. I've tried to maintain a low usage if I ever went over 30% I made a payment immediately.

Prior to this card I have been an authorized user for 6 months starting sept 2013 on an American Express card. July of 2014 I decided to purchase a used vehicle & financed $10k on my own.  I'm working hard to get my score above 700 over the next year. As of next month I will have a clean but limited history once two paid collections are removed from my credit history. 

Review by 700creditScoreGoal2015
Commented at Dec 16, 2014

this card has been good to me. I received this card in 03/14 with a $100 deposit and a fico score somewhere in the low, low, 500's. It began at $200, since I used it fairly often..A lot. They incrementally raised me several times in small amounts, until I reached $250, and I put it another $30 to make it $280. I have maintained that limit for a few months now. I charge non-stop and pay several times a month, just this morning, I checked my limit and it is now $563. It's a weird amount but I'm pretty ecstatic they increased it with no additional deposits. This card by far has helped me rebuild my credit. I wasnt able to be approved for any of the secured cards except this one and now, happy to say that i have a lot of department store cards and another bank card with an insane limit.  My score is sitting right at the low 600's on all 3 bureaus. You can't go wrong, send in your deposit, be diligent about your payments and it'll pay off. 

Review by yofern
Commented at Dec 16, 2014

I got this card in October of this year. CL $200. I'm a little over the 30% but will bring that down after I make the payment this week.  It make my cs go up 15 points. That great.

Review by rena421
Commented at Dec 14, 2014

  Applied for this card in March with CK score of 537. It started reporting in May. CK score went up to 599. November CK score was 645 so i decided to apply for and was approved The quick silver Master Card and was approved for 500.00 That card started reporting this month my CK score is currently 636... Oh one more thing I just checked my Capitole one account and noticed to my suprise the gave me a CLI of 451.00 on the secured card which is an odd dollar amount but ill take it....Thanks Capitol One

Review by sfvtim
Commented at Dec 14, 2014

i started the process of rebuilding my credit back in February. To begin, I opened 3 secured credit cards and this was one. Out of the three that I opened, the other two being Merrick and First Progress, this is by far the best. I began with the initial $300 deposit/$300 credit line. Although I tried to behave and have my utilization low, it was normally around 70% because at $300 even a tank of gas puts you way up. In December I randomly received a $300 increase! Talk about shocked. Granted, I NEVER missed a payment, usually made my payments weeks in advance before my statement even came out. Now, I have made another deposit of $500 putting me at $1100. My credit score loves this boost! 

Also, the benefits to this card are fantastic. I have an image on mine so it doesn't look like I'm running around with secured credit cards. I've never dealt with customer service directly BUT I did have an issue with a company charging unauthorized payments on my credit card. All I did was wait for the charge to clear and submit a discrepancy. The charge always came off of my card within a few days and through lots of arguing with the company, the charges have now stopped. It was really a great experience though because Capital One took the charge off so quickly and never penalized me for having 8 months of disputes with this company. 

I highly recommend this card above all others. 

Review by lauralt8

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.