The Capital One Platinum Secured Credit Card is tailored for people looking to rebuild or establish their credit history without paying an annual fee. It offers a clear path toward credit improvement through responsible use and regular account reviews.
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Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Overview
Credit building and repair
Low initial security deposit
International spending
If your primary goal is building or repairing your credit profile, this card is one of the most accessible options available. It requires no annual fee and offers a flexible refundable security deposit structure, which can be as low as $49 for an initial $200 credit line depending on your creditworthiness. Capital One reviews your account automatically starting at six months to see if you qualify for a credit line increase or a transition to an unsecured card.
The main limitation is that the card does not offer cash back or rewards points, and it carries a high variable APR. However, as long as you pay your statement in full each month to avoid interest charges, it provides a simple, low-cost way to establish positive payment history.
An ideal starting point for anyone rebuilding credit who wants a pathway to an unsecured card with a $0 annual fee.
Benefits
50% off Handcrafted Beverages
Capital One cardholders enjoy 50% off all handcrafted beverages everyday at any Capital One Café nationwide. Find your Café.
Eligibility
Poor credit or higher is recommended for this card.
Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.
Pricing
Annual Fee
$0
Purchase APR
28.99%
Variable
Transfer APR
28.99%
Variable
Cash Advance APR
28.99%
Variable
Foreign Transaction Fee
None
Balance Transfer
None
Cash Advance
$5
Late Payment
$40
MaxRewards has partnered with CardRatings for our coverage of credit card products. MaxRewards and CardRatings may receive a commission from card issuers.
MaxRewards may receive a commission from card issuers. Some or all of the card offers that appear on MaxRewards are from advertisers and may impact how and where card products appear on the site. MaxRewards does not include all card companies or all available card offers. Compensation may be earned when a customer clicks on a link, when an application is approved, or when an account is opened.
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Recognition
Earn 150,000 Miles
Worth $2,175
Once you spend $30,000 in the first 3 months from account opening
Annual Fee
$395
Rec. Credit
Excellent
Earn $2,000 Cash Back
Once you spend $30,000 in the first 3 months. Earn an additional $2,000 cash bonus for every $500K spent during the first year
Annual Fee
$150
Rec. Credit
Excellent
Earn 100,000 Miles
Worth $1,450
Once you spend $10,000 on purchases within the first 3 months from account opening
Annual Fee
$95
Rec. Credit
Excellent
