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Platinum Secured from Capital One review

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Advertiser Disclosure

Annual Fee
$0.00
Minimum Deposit
$49.00
Interest Rate: Purchases
28.49% (Variable)
Balance Transfer
28.49% (Variable)


8.2/10
Informr score
The Platinum Secured from Capital One currently has an Informr score of 8.2 out of 10. This score is based on our evaluation of 24 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Platinum Secured from Capital One is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $49.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


FinanceBuzz
FinanceBuzz

The Capital One Platinum Secured is a great card to start with if you need to rebuild your credit profile after some missteps. A secured credit card is a credit card that’s “secured” through an upfront deposit by the credit cardholder. This means the bank feels safe in allowing you to make purchases...

- Brett Holzhauer, FinanceBuzz
NextAdvisor
NextAdvisor

The Capital One Platinum Secured Card can help you increase your credit score for no annual fee, whether you have bad credit or no credit at all. A fully refundable security deposit is required, but this card offers a lower required deposit than some other secured cards. And Capital One reports your...

- Holly Johnson, NextAdvisor
U.S. News
U.S. News

Cardholders can build credit history with this secured credit card, but the Capital One Platinum Secured Credit Card is not a good fit for those who want to earn rewards while building credit.

- Coryanne Hicks, U.S. News
SmartAsset
SmartAsset

The Capital One Platinum Secured Credit Card is worth serious consideration for those looking to repair their credit score or those with a nonexistent credit file who are looking to open their first credit card. It focuses on responsible spending and accountability more than rewards for dollars spen...

- SmartAsset
NerdWallet
NerdWallet

Flexible security deposit requirements and a $0 annual fee make this an excellent option for people building or rebuilding credit.

- Sara Rathner, NerdWallet

Details


Interest Rates
Regular APR Interest Rate 28.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 28.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 28.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee $0.00
Cash Advance Fee $3.00

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees Yes
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores Yes
Wireless Payments Apple Pay
Virtual Cards Yes
Additional Benefits
  • Emergency Card Replacement
  • Card Lock
Eligibility
Minimum Security Deposit $49
Minimum Age
Minimum Personal Income
Temporary Residents No
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Additional comments -
Terms & Conditions Official Terms & Conditions
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