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
574
average
514
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 from all credit card issuers.

Most Helpful User Review

Commented at Oct 19, 2010

I got the Capital One Secured Mastercard 4 months ago as my first credit card when I couldn't get an unsecured card. I went through Capital One because it was a well-known name and had a lower initial deposit. I ended up paying a $200 deposit through ACH and received the card within 2 weeks. After week 4 I still hadn't gotten the free Credit Inform welcome packet so I called the Capital One number and spoke with a very nice woman who was very helpful. She re-sent my welcome kit and I received it within a week.

So far, I've only had pleasant experiences with the card and customer service. It raised my TransUnion score from 594 to 672 and my Experian from 622 to 695. With the increases I was able to refinance my vehicle and my interest rate went from 14.75% to 7.25%!

Review by SOONERJB

User Reviews

Average Rating: 7.0 out of 10 based on 922 user ratings.
Commented at Jul 19, 2014

For what it is, at least. Sure, if you have good credit and already have rewards cards, of course this card isn't a good deal for you. 

Not sure what my credit score was when I was approved in October, but I'm a 593 now according to CK. 

I went with CapOne because I have a car loan with them (they approved me with a score under 500, so I have some loyalty here.) I was approved with a 200 limit with a 50 deposit. The fact that it's possible to get a limit that's more than the deposit (making this a "partially" secured card) is what made this card appeal to me on my rebuilding journey, and you have to admit that it's pretty decent when compared to other secured cards. 

Now, I've heard conflicting reports about when/if you get unsecured limit increases. Some people have mentioned they've done away with them, but according to recent reviews here some have recently have gotten them. My experience has been kind of between the two. 

I was maintaining poor utilization, and although I have always paid on time, and sometimes even in full, I didn't get any increase at the magical 5 month mark. 

However, since I learned about the concept of utilization, I did a few things: I stopped using it for everyday things (ie, I stopped "depending" on it as float) and reduced my utilization. I also added an additional $100 deposit earlier this month to further increase my utilization (ending with a 300 limit.) Between payments and deposit, I was at under 25% utilization by last week.

Logged into my account today and lo and behold, my limit is $600 (a 100% increase.) 

Given the timing and how they will provide a limit more than your deposit, I am guessing it is related to the additional deposit, and not necessarily any auto increase. Though it might be worth noting that in the letter I got detailing my deposit, they confirmed my limit would now be $300, and made no mention of any other limit. 

Whatever the reason, though, it's clear that Capital One is committed to helping those who have made mistakes, as long as you continue to show them you are willing to actively work on improving your credit. 

The only reason I give them 4 instead of 5 stars is the APR. I understand that it is the price to pay for not being responsible sooner, but there are secured cards to be had with a lower rate. Still, if you're using it the appropriate way (not the way I was at first) interest charged should be minimal, even at that rate. And the fact that they will give limits above and beyond deposits makes me confident in the choice I made with this card. 

Review by GettingThere20
Commented at Jul 16, 2014

I applied because I needed something to increase my credit score and this has worked! I was approved for a secure line of $200. I sent my payment and everything has been smooth since. My credit score jumped about 40 points just by getting this card. I was then approved for another card as well with Capitol One with a limit of $300, which will increase to $500 in 5 months. I highly suggest anyone looking to re-build their credit to use this card. My bank wanted $500 deposit, Capitol One only wanted $200 so I jumped on the opportunity.  

Review by Brandy06260
Commented at Jul 14, 2014

When I applied my credit score was only 578.....I was approved for 2k! Called to activate my card, customer service and creating an online profile was easy. I was able to expedite my card for an additon $16.  Im a happy camper and on my way to rebuilding my credit.

Review by smilez230
Commented at Jul 13, 2014

I now have both capitol one and discover secured cards and by far my choice of which is better has to be the discover card. You earn cash back with discover and there is no monthly fee and on top of it all I get 90 day price protection which means if you buy something on black Friday and find it cheaper on Christmas eve. They pay you the difference. The other thing is you can earn 50 bucks cash back for referring someone to discover. Also a far better way to build credit as with capitol one your statement date is always 3 days after your payment due date. Which makes it hard to pay everything off on the payment due date and pay no interest then have over 0 balance on your statement.( you want 1-30% credit utilization on your statement to help up your score; 1 is better than 0 and 0 is better than 31.) Whereas with discover, for example my payment due date is the 8th and my statement date is the 13th. Giving ample time for transactions to post. Also discover payments post the same day no matter what, whereas capitol one payments post the same business day before 5pm EST or THE next BUSINESS day after 5pm. That means if your payment is due Friday the 10th and you pay it after 5pm EST it ain't posting til Monday and you will be paying interest. Finally the few thing capitol one has over discover is that you get a guaranteed credit increase after 5 months in good standing and you can add to your deposit anytime to make more available credit also you might get a 200 dollar credit line with a 50 99 or 200 deposit with cap one but with discover it is definitively 200. With discover you can not add to your balance after the account is open and are not eligible for a credit increase until 1 year. But... You can deposit more than 200 before the account is open and have a higher credit line.

Review by duggerdude
Commented at Jul 11, 2014

So initially I had to put down a 200 dollar deposit. I have had this card for a year and I read someone that if you are building credit that you should have more than one credit card but I was skeptical of other cards because of the high fees they charge. Tonight (call me crazy) but I applied for a second secured card and I was approved for another card with just a 99 dollar deposit. This means my credit is a little better. 

Review by Medwar07

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.