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Capital One Secured Credit Cards for february 2024

Apply for a Capital One Secured Credit card. On 28.02.2024 you have access to 2 credit cards. Increase your chances of getting money — fill out a multi-application with a free credit rating check.
Offers: 2
Updated:
04.02.2023
09:25
Capital One
Capital One Platinum Secured®
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
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Effective interest rate on the product

24.74 – 29.74 %
Submit your credit card application online
Submit your credit card application online

Take advantage of our credit card selection system with a free credit check!

Capital One
Capital One Quicksilver Secured Rewards®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000

Credit Card Online Application of February 2024

Define the conditions and choose an appropriate bank card

Card limit
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Specify the loan term for the calculation

500 $
15000 $
$
Konstantin T
Your data is securely protected
CreditFresh
4.8
The application process was a breeze, and I received a response within minutes. This straightforward and prompt procedure proved to be a great help to me during a crucial time of need.
Review
JG Wentworth
4.6
The assistance I received was exceptional. My representative handled my case with care and provided all the necessary information...
Review
OneMain Financial
4.4
The loan application process was straightforward, and the representative I interacted with displayed patience, provided informative answers, and was quite pleasant throughout...
Review
My Funding Choices
4.6
The process was swift and straightforward, which was particularly helpful during a time when, despite my reluctance to seek assistance, I genuinely needed help.
Review
Plain Green Loans
2
The interest rate is shockingly high, and it feels like taking advantage of individuals facing financial challenges when unexpected expenses arise...
Review
Advance America
4.6
I have never encountered any issues with this company. They consistently deliver funds on time, and the repayment process is straightforward...
Review

Terms and conditions

There are two secured credit cards you can apply for with Capital One:

  • Quicksilver Secured Rewards has a 1.5% cash back rate for every purchase. The APR on the card is 28.49% variable on purchases. On transfers, you get the same 28.49% variable APR. The card comes with no annual fee.

  • Platinum Secured has no annual fee and an APR of 28.49% variable.

The deposit on both cards is refundable. 

Pros and cons

Pros

  • There is no annual fee

  • You can get a card with fair credit

  • There are no foreign transaction fees

  • You can build your credit.

Cons

  • A minimum deposit is required, and determined the credit limit

  • There are no rewards on the Platinum Secured card.

Main requirements

To qualify for Capital One secured credit cards, you must:

  • Have an address located in the US, Puerto Rico, or a US military location;

  • Have a monthly income exceeding your debt;

  • Be over 18 years old and have a valid SSN or ITIN;

  • Not apply for Capital One credit card two or more times within 30 days;

  • Not have a bankruptcy. 

There is a minimum deposit of $49, $99, or $200 required. If your application request is approved and you provide a security deposit before the expiration date, Capital One opens an account, and you will receive a minimum credit line of $200. If you deposit more than $200, you can be approved for a line of $1,000 maximum.

How to apply for a card

To apply for a Capital One secured credit card through the website, follow these steps:

  1. On the main page, click Credit Cards;

  2. Select Compare All cards;

  3. Choose the filters for secured credit cards;

  4. Click the “Apply Now” button under the card’s description;

  5. Provide your personal, contact, and financial information;

  6. Send the application form.

You will get a credit card in two to three weeks after the Bank receives your minimum deposit.

How to pay off a debt

Capital One applies for the payments first to the balance with the lowest APR and then to the balances with higher APRs. The Bank won’t issue interest if you pay your balance in full by the due date each month. 

If your balance is lower than $25, you will have a minimum payment of $25. If your account is over $25, the minimum payment is 1% of your balance plus recent interest and late payment penalties. If your account is charged off, the entire balance will be due immediately.

For the security deposit, you can make partial payments within 35 days. The deposit payments must be at least $20. Capital One will refund your deposit if you make payments on time.

FAQ

What credit score do I need for a Capital One secured card?

You are required to have a fair credit score to qualify for a secured credit card with Capital One. It ranges from 500 to mid 600s.

Is Capital One secured credit card good for building credit?

As you deposit a sum, you can use the card safely. There are no annual fees, so you can build your credit quickly.

What is the highest limit for a Capital One secured credit card?

The highest limit you can get with a Capital One secured credit card is $1,000. It will depend on the deposit you make.