Is Platinum Secured Credit Card from Capital One worth it?

The Capital One Platinum Secured Credit Card is an ideal option for individuals looking to establish or rebuild their credit, offering a low deposit requirement and the potential to increase their credit limit over time.

What credit score do I need to get Platinum Secured Credit Card from Capital One?

The recommended credit score for Platinum Secured Credit Card from Capital One is Limited or No Credit History.

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Platinum Secured Credit Card from Capital One

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Rates and Fees

Annual Fee: $0

Bonus Miles

Recommended Credit

Limited or No Credit History

Current Offer

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

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

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

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by products. See the respective Guide to Benefits for details, as terms and exclusions apply.

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.

Earning Rewards

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Additional Benefits

Foreign Transaction Fee

Rates and Fees

None

Also consider

🏆 Best Cash-Back Capital One Card

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Capital One Quicksilver Cash Rewards Credit Card

🏆 Best Cash-Back Capital One Card

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Annual Fee: $0

Rates & Fees | Terms Apply

$200

Cash Back

Earn a one-time $200 cash bonus once you spend $500 on purchases within 3 months from account opening.

$200

Cash Back

Earn a one-time $200 cash bonus once you spend $500 on purchases within 3 months from account opening.

The Capital One Quicksilver Cash Rewards credit card offers unlimited 1.5% cash back on all purchases, making it a simple and rewarding choice for everyday spending.

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

🚀 Learn How to Apply

👀 Read Our Take

Best for 2X on Everyday Spending

Capital One Venture Rewards Credit Card

Best for 2X on Everyday Spending

Annual Fee: $95

Rates & Fees | Terms Apply

$250 credit + 75k Bonus Miles

75,000

Bonus Miles

LIMITED TIME OFFER

Earn 75,000 miles once you spend $4,000 on purchases within the first 3 months, plus receive a one-time $250 Capital One Travel credit in your first cardholder year – that’s equal to $1,000 in travel.

75,000

Bonus Miles

The Capital One Venture Rewards credit card makes travel rewarding and easy. Earn miles on every purchase, which you can redeem for various travel expenses like flights, hotels, and car rentals. Plus, with no foreign transaction fees, it’s an ideal choice for international travel. If you’re looking to maximize rewards without crazy fees, this card would be a great addition to your wallet. This one continues to be a Daily Drop favorite.

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

🚀 Learn How to Apply

👀 Read Our Take

Platinum Secured Credit Card from Capital One

CURRENT OFFER

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

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

Learn More Rates & Fees

REWARDS RATE

ANNUAL FEE

Our Score

Annual fee (20%)

Welcome Offer (20%)

Point Redemption Value (20%)

Rewards Rates (15%)

Benefits (15%)

Travel Protections (10%)

Our Take

Comparable Cards

No items found.

FULL COMPARISON

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

Pros & Cons

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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Rewards Summary

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Additional Benefits

Customer Reviews & Redemptions

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