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
  • 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
  • It’s a credit card - accepted at millions of locations worldwide
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
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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: 7.0 out of 10 based on 960 user ratings.
Commented at Oct 19, 2014

I'm in my very late 20s and realized I needed to build SOME sort of credit and have some kind of plan for emergencies. Since I first applied for a card at 18, I've been turned down multiple times by banks, gas stations, and department stores. On a friend's suggestion (a friend who rebuild credit from below 600), I began my search for a secured card.

With a starting score of 627 and 4 accounts in collections ( just over 3k), I was pleased to be approved for a 200$ CL and the 99$ deposit. After three months of on time payments (I always PIF), my score has jumped 13 points, and I was approved for the Chase Freedom card (hooray for rewards!) with a 500$ CL.

Anual fees are always disappointing, but this was the lowest of the top 5 recommended secured cards, they don't report the card as secured to the credit bureaus (looks bad when they do), the phone app is user-friendly, and this card helped me get my foot in the crappy and frustrating door of credit.

Review by foulmouthedruffian
Commented at Oct 16, 2014

9/18 - With CK CS of 566

9/22 - Got Approved for $200 - Made $49 deposit

10/03 - Received Card

Since then I've used card and paid it off. I was supposed to get a statement on the 14th but it's the 16th and I haven't got it yet. So far it hasn't effected my credit score but There was a hard pull on credit. To give background of debt I have 19k student loads. Two accounts in collections (less than $300 combined) and no other inquires. Not much other activity on my credit history.  A week later I recieved a pre-approval letter for a Capital One Platium card. Applied for this 10/15 and was instantly approved for $300! Card should be here in 7-10 days. I also applied for a Walmart card 10/11 and was denied. I will not apply for anymore cards for at least 6 months. I'm glad Capital One have me a chance even if then limits are low, it's definitely a start to rebuilding credit I messed up in college.

Review by RebuildingCG
Commented at Oct 15, 2014

I've had this card for close to 6 months now and made been making all payments on time and I want to apply for different one to continue building.  What card do you guys suggest I apply for next?

Review by bleaulabel
Commented at Oct 15, 2014

I had a poor credit history and the only cards available were $100 anual fee + $8 a month maintanence fee cards. Capital One offered me a chance to avoid all that with this $200 secured card. I took the offer and have since watched my credit limit raise from $200 to $750. My credit score went from a 535 to 595. While that's still a poor score, this card helped raise it, and as I take more steps to improve my score I will continue to see it rise. If it weren't for this card to help me take a step in the right direction, I might still be looking at a 535 score! 

The application process was simple and all I needed was a checking account to deposit the $200. 

This card is worth having for those of you who need to establish or rebuild credit!

Review by mrimdman
Commented at Oct 11, 2014

Capital one secured card is great for helping rebuild my credit.  They are always excellent in customer service, and you can increase your limit anytime, with additional deposit.  Or you can wait and they will offer unsecured increases after responsible use.  They have given me a 2nd chance and I can not be happier.  Thank you Capital one!  Karma score 508

FYI -- Sorry Capital One but FNBO- Kickstart ( because they pay interest on your security deposit ) is my favorite, but Capital One is a VERY CLOSE 2nd!!!!

Review by bowlin26

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.