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 1208 user ratings.
Commented at Jul 3, 2015

My husband and I both have this card. We started with a $200 deposit at the end of December on each card. I'm proud to say that today we're both increased to $500... Very unexpected. Thank you Capital One!!!

Review by TruelyBlessed2015
Commented at Jul 3, 2015

i like the card just disappointed to find out that the platinum capital one approves people with bad scores also. after i recieved the secured i found and old letter that i was already pre approved for the platinum. called capital one and nothing could be done. you can't get an unsecured credit limit increase  with the secured and it never upgrades to unsecured. so now im stuck with 250 secured. 

Review by businessman1
Commented at Jul 1, 2015

Approved with a 589 transUnion lost my job got hit with 2 late payments. Went back to work kept limit at 15-20% usage I've had the card for 3 years started with a 250.00 limit 2 years later I got a CI to 750.00 current transUnion is 722 no increase  thinking about just getting an unsecured card. Overall this card did what I needed it to do.

Review by Latoya822
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

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.