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Capital One Platinum Secured Credit Card

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Rates and Fees
Bonus Points
Estimated Value
Recommended Credit
Limited or No Credit History
Annual Fee
$0
Current Offer

This card offers a $200 starting credit limit for a refundable security deposit of $49, $99, or $200.

Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Daily Drop credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Summary

The Capital One Platinum Secured Credit Card is an excellent choice for individuals who are looking to build or rebuild their credit. It's a secured credit card, which means it requires a security deposit that typically determines your credit limit. With responsible card use, you can demonstrate good credit behavior and potentially upgrade to an unsecured card in the future.

  • Access to a credit line based on a security deposit, which is refundable upon meeting certain criteria.
  • No annual fee, making it a cost-effective choice.
  • Opportunity to build or rebuild credit with responsible card use.
  • Access to Capital One's CreditWise® tool for credit monitoring and education.

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👍 Pros

  • Access to a credit line without a credit check, making it available to those with limited or damaged credit
  • No annual fee
  • Opportunity to demonstrate responsible credit behavior and potentially transition to an unsecured card
  • CreditWise® tool provides credit monitoring and educational resources

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👎 Cons

  • Requires a security deposit to determine the credit limit
  • It's primarily focused on credit building and does not offer rewards or cashback

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Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Daily Drop credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

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