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 895 user ratings.
Commented at Apr 16, 2014

I applied for my 1st card in October & got approved instantly. Applied for another in January & was approved instantly for that as well. I made sure to keep my average at using only 30% of the cards & they just increased my 1st card to $500 without even asking. What I did use I paid right away to make sure not to fall below 30% of the card. It definitely has increased my score. Don't rely on Credit Karma score though. It says my average score is a D yet when you average it out it's actually a B. I don't know how they figure that. It had at one point my Auto score was an F yet I have never missed an Insurance payment or had an accident. I only have one bad mark on my credit so it should not be graded as they have it. So only use this a minor guage since it's not fully accurate. Definitely apply for a Capital One card if your building your credit. It will help if you keep the 30% max amount at all times & pay on time 2 weeks before payment is due since it takes 10 days to process in some cases.

Review by Janeyc96
Commented at Apr 13, 2014

In line with all the rest of the reviewers who report a credit line increase after 6 months of successful, prompt payment, I got an automatic credit line increase from $200 to $500. That doesn't mean I will run out and spend all $500 of it, but I am just reporting that if you do your part you WILL get an increase. Most of us who have this card are building credit, so be careful when you get your increase. Continue to use about 10% of your credit and pay it off either on time or early. My score has gone up 50 points in 6 months, but there were a couple of other things that changes so it isn't all due to using this card responsibly. It DID help some though.

Fill your car with gas once every month, and then put the card away. Pay it to $0 on time. A good way to look at this is to not buy anything you don't have the cash for, and don't spend money you wouldn't normally spend. That's why the example of buying one gas fill up. You would do that anyway. You WOULDN'T go out and buy fur lined hub caps or a new pet monkey. (Ridiculous examples to make the point.) 

You CAN rebuild your credit. It will take a year or so, maybe 2 depending on why it is bad to begin with. All lenders want to see is a pattern of responsible financial behavior.

Review by eddie1261
Commented at Apr 12, 2014

this was my first credit card ever! I plan on keeping it too. since it charges the annual fee, I just leave it sitting aside for things like netflix. so every month i usually pay about 8 bucks on it and when the annual fee is due, 38..I don't like to use it much because it has no rewards, no nothing. But I loved it because it helped my credit...two years later and I have three more, which are all rewards. Just pay every month on time and you have nothing to worry about. I definitely recommend to someone starting out. 

Review by cecehollis
Commented at Apr 11, 2014

This is an update from my original review dated 3/21/14.

One week after making the initial deposit I heard nothing, so I phoned customer service. Once transferred to the application dept; they were prompt, professional, and friendly. I was told my deposit was received and I should have my card by 4/4/14. They also reactively, told me once I received the card there would be an upfront charge of $29.00 for the annual fee. They answered all the questions I had pertaining to this card; I was impressed with the service. 

I received the card on 4/8 and had to logon to capitalone.com/activate and create an account. Upon doing so I noticed the PAPERLESS STATEMENTS option was selected. (This could be the reason some never received statements so be aware of this!)

Initially my card had a ZERO balance all fund available. As of today my balance is $29.00 (The Annual Fee) $171.00 available.  I have no due date as of yet. So far so good.

MY CREDIT SCORE HAS NOT CHANGED. I will update again one month from now. 

Review by GettingitTogether2014
Commented at Apr 3, 2014

kredit karma is not accurate at all. They show thing that are not on any of the 3 credit bureas. Things that are not even mine, dont belong to me. Kredit karma is just trying to make money off peoples credit info. If they can get you to apply for a card or a loan or refinance something or buy some credit advice they make money from that. Thats all they want. kredit karma is just another scam.

Review by KreditScamArtists

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.

+ Credit Karma users have received approvals with these TransUnion New Account credit scores. These approved metrics are only guidelines and approval is not guaranteed.