Capital One® Secured Mastercard®

Capital One® Secured Mastercard®

No annual fee, and all the credit building benefits with responsible card use. Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus. You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness. Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed. 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.

Cost
60% Complete
HighLow
Effort to Apply
10% Complete
DifficultEasy
Card Perks
20% Complete
PoorGood
Features
40% Complete
PoorGood

6/10

Bottom Line

If you have poor or no credit, a secured card is a great way to build your credit with responsible use. Many secured cards can do more harm than good, so going with a card from a bank like Capital One is a great option.

Pros

No annual fee. Higher credit line after making your first 5 monthly payments on time with no additional deposit needed.

Cons

Have to make a security deposit to obtain an initial credit. Can be a bit harder to get than other secured cards, as you likely need a checking or savings account to qualify.

Features & Benefits

Fraud Coverage

You're covered by $0 Fraud Liability if your card is ever lost or stolen

Intro APR
N/A
Purchase APR
24.99% (Variable)
Annual Fee
$0
Welcome Offer
N/A
Rewards Rate
N/A
Foreign Transaction Fee
None

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