Capital One Platinum Secured® Review
Capital One Platinum Secured®: Interest rates, credit limits, cashback, and bonuses. Learn about the conditions for obtaining the card, registration and options for receiving it online or at a branch. Discover its features.
Update 09.07.2024
Capital One Platinum Secured® Review

Terms & Requirements

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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The Capital One Platinum Secured® Credit Card is designed to help individuals build or rebuild their credit. It requires a refundable security deposit of $49, $99, or $200, which establishes the initial credit line of $200. With no annual fee and the potential for higher credit line after six months, this card provides a pathway to better credit. The card also reports to the three major credit bureaus and offers tools for managing your account through Capital One's mobile app. 

Features

  • No Annual Fee. The card does not charge an annual fee, allowing users to focus on building credit without incurring additional costs.

  • Refundable Security Deposit. A minimum refundable security deposit of $49, $99, or $200 is required to open the account, determining your initial credit limit.

  • Credit Line Reviews. Users are automatically considered for a higher credit limit in as little as six months with responsible card use.

  • Credit Reporting. The card reports to the three major credit bureaus, helping users build their credit history through on-time payments and responsible usage. 

Pros and Cons

Pros

Cons

How to Apply for a Capital One Platinum Secured® Credit Card

Online

Mobile App

Branch Application

Infographic

Capital One Platinum Secured®

Eligibility Requirements

Reasons You May Be Denied a Card

How to Pay Off Credit Card Debt

Editorial Opinion

The Capital One Platinum Secured® Credit Card offers a practical solution for those looking to improve their credit standing. The absence of annual fees and the ability to upgrade to an unsecured card with responsible use make it a valuable option for individuals on a credit-building journey. However, the high variable APR and the necessity of a security deposit may be a drawback for some applicants.

Additional Resources

Sources

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13.12.2022
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Update 09.07.2024