Capital One Platinum Secured Review
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The card_name is a secured credit card designed for those with poor credit or no credit. The initial security deposit is either $49, $99 or $200 and your initial credit limit will be $200. Capital One reports to all three credit bureaus, so with responsible use, you should see your credit score improve. Capital One will consider you for higher credit limit and/or an unsecured credit card in as little as six months. It’s also possible to earn your deposit back. We dive into the details and your approval odds in this Capital One Platinum Secured review.
Our Rating
4.5/5.0
Welcome Offer
No annual or hidden fees.
Annual Fee
$0
0% on Purchases
N/A
Reward Rate
N/A
0% on Balance Transfers
N/A
Welcome Offer
N/A
Features & Benefits
| Security | Credit Score Monitoring, EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts, Virtual Card Numbers, Card Lock |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay |
| Benefits | 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 29.99% (V) APR |
What Credit Score Is Required to Get the Capital One Platinum Secured Credit Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 630
Average Approved Credit Score: 630
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 10/19/2023 | Not Provided |
Pros & Cons
- No annual fee
- A $49, $99, or $200 minimum deposit opens your account with an initial credit line of $200.
- No welcome bonus
- No rewards
- High APR
What Are the Best Alternatives?
Capital One Quicksilver Secured Cash Rewards Credit Card
Rating
4.8
Rewards Range
1.5%
Annual Fee
$0
Secured Chime Credit Builder Visa® Credit Card
Rating
4.5
Rewards Range
N/A
Annual Fee
$0
U.S. Bank Cash+® Visa® Secured Card
Rating
4.6
Rewards Range
1% - 5%
Annual Fee
$0