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
548
average
464
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: 7.4 out of 10 based on 1128 user ratings.
Commented at Mar 25, 2015

After years & years of irresponsibility and damaging my credit significantly, I finally buckled down and decided to repair it. This card was a saving grace for me when I had given up hope of being approved for any card. Yes, you have to put a deposit on the card(which is going to be your CL), but it definitely is the best move to rebuild your credit. GOOD LUCK!

Review by jtwilson05
Commented at Mar 25, 2015

I had a bankruptcy in 2013 and I was pleased to start rebuilding my credit. Capital One used to be one of the companies I couldn't stand, but over the years, they have really progressed with their customer service. My original balance started off low, and it was unnerving knowing I had to make a deposit, but after paying the bill on time, they increased my limit without having to even make another deposit! I have since then been offered an unsecured card with them, which has a high limit and rewards. I'm thankful this card was brought into my life and helped me re-build what I had lost.

Review by laurenfrom609
Commented at Mar 23, 2015

I had the card since June 2013 and made every single payment on time since.  My credit before I got the card was at 505-540, now my credit is in the 630-680 thanks to this card.  There is no annual fee for me and no credit increases without more deposit.  I know the review on the card said there's a $29 annual fee and credit increase but I never saw those.  I have contacted Capital One about credit increases and they replied twice that they cannot increase it due to that it is a secured card so they couldn't increase my line of credit.  I was ok with that because since Feb 2015 came around, I applied and been approved for 3 other credit card and had since then cancel this secured card.  Its not the best credit card but a stepping stone I used to get my credit above 600 so I can get a Barclay, Citi Visa Signature, and eBayMC.. 

Review by pcha2008
Commented at Mar 22, 2015

I applied for this card in September 2014 was approved with a $99 deposit for $200 limit my credit karma score was 588. It took three weeks to get the card and it didn't start reporting to the credit bureaus until my second statement and my score went from 588 to 619. I try to keep my utilization under 30% because the one month I did go over 30% my credit score dropped. I also notices that whatever my balance is on my statement it is the balance they report to the credit bureaus each month. Today I went to check my balance and noticed Capital One gave me a $300 unsecured increase. So in just 6 months my score went from 588 to 637 and I received an unsecured increase. I would recommend keeping your utilization under 30% and make payments on time and you will see tour credit score increase over time. 

Review by niyamell
Commented at Mar 17, 2015

I don't usually leave reviews because i think most are bs, but figured my experience may be able to help someone else.  I am in my 30's and have struggled with credit my entire adult life.  I had numerous credit cards at 18-21 because credit card companies like to prey on kids.  I was dumb with the cards and get myself in a bind.  I didn't pay them and they were written off.  Flash forward to my mid 20's and I thought I had grown up so I got a few cards again.  I again, did the same thing.  The result was not having a credit card until I turned 34. 

For a $99 deposit I received a $300CL.  My credit score was 510. I deposited an additonal $700 to make my credit line look bigger.  They gave me $1300 as a result. I kept the card for 12 months, charging a little bit each month and using it on vacation where I pretty much maxed it out.  Paid it back down afterwards.  Score came up to 530.  After 12 months I applied for a Quicksilver card and was approved for a $500 Starter Credit Card.  Used them regularly to build usage history and After 6 months of payments they bumped my card up to $2500CL.

Between the 2 of them and paying off all collections (the latter had the biggest bump) my score actually went up to 700.  I got a car loan for 20k+ now as a result, and have added the barclay credit card and discover card (they gave me a 10K limit). 

It took 2 years of diligence, but it was possible and this card was the first step in that.  I enrolled in the monthly services for each credit berough (individually) and challenged the old items and paid off what I could.  I did this for a fee of about $15 per month.  No outside service was neccessary.  It takes time, but I dealt with my old demons from my past and used the process for growth.  You don't need the law firms they recommend on here. 

Review by Nicodemus94

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.