Capital One Platinum Secured Credit Card Review – Build Credit and Control Spending

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Overview

For people looking to rebuild their credit with a credit card, there are several options, and a lot of them can be quite pricey. Capital One Platinum Secured Credit Card offers a no-cost option, thanks to its feature of no annual fee. Additional benefits to this card make it a good choice for consumers.

  • No annual or hidden fees. See if you're approved in seconds
  • Building your credit? Using the Capital One Platinum Secured card responsibly could help
  • Put down a refundable security deposit starting at $49 to get a $200 initial credit line
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app
Intro APR
N/A
Intro APR Period
N/A
Annual Fee (rates & fees)
$0
Credit Needed
Limited, Bad

Card Benefits

Credit Building

With the Capital One Platinum Secured Credit Card, you don’t have to worry about spending getting out of hand, because you will get as much credit as you deposit into your account. You can deposit as little as $49 as a security deposit with Capital One. You can even deposit more money into your account to get a higher credit line.

That deposit is essentially a security on your credit, so it is fully refundable at any time if you decide to cancel your card. Since Capital One offers you the ability to increase your credit line based upon how much security deposit you have placed on the card, you can control how much credit you have available and how much you spend.

Credit Tracking
Capital One also offers cardholders a variety of online tools that they can use to track how their credit scores are improving. That’s because each cardholder of Capital One Platinum Secured Credit Card gets a free membership to CreditWise. CreditWise allows cardholders unlimited access to their credit scores and notification of any changes made to your credit report.

Higher Credit Lines
The longer cardholders keep the Capital One Platinum Secured Credit Card, the more credit they can apply for. Keep your Capital One Platinum Secured Credit Card, make on-time payments, and Capital One will increase your credit limit as a thank you.

Additional Information

Fees

The credit card has no annual fee. Cardholders can keep the card to use without worrying about paying an annual fee to maintain the account.

Required Credit Rating

The Capital One Platinum Secured Credit Card is for people with poor credit rating. If you have a credit score of less than 600, you may still qualify for the credit card.

Is this the right card for you?

The Capital One Platinum Secured Credit Card is a great opportunity to get your credit back on track. It is a Mastercard that can be used at millions of locations around the world. It has no annual fee, which makes it one of the best secured credit cards to help rebuilding credit.

Similar Credit Cards

If you are interested in the Capital One Platinum Secured Credit Card, you may also consider a few other credit cards for people with damaged credit.

Credit CardsPurchase APRTransfer InfoAnnual Fee Credit Level
First Latitude Select Mastercard® Secured Credit Card

19.24% (V) APR

rates & fees

N/A

$39.00

Poor / Limited / NoApply NowView Card Details
  • Earn 1% Cash Back Rewards on payments made to your First Latitude Secured credit card account.
  • Past credit issues shouldn't prevent you from getting a credit card with great benefits & rewards!
  • Choose your own fully-refundable credit line - $200 to $2000 - based on your security deposit.
  • Build or rebuild your credit!†
  • Accepted wherever Mastercard® is accepted
  • Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • †Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
  • *See Important Disclosures for complete offer details
Total Visa® Card

35.99%* APR

rates & fees

N/A

$75.00 1st year, $48.00 after*

Fair / BadApply NowView Card Details
OpenSky® Plus Secured Visa® Credit Card

29.99% (Variable) APR

N/A

$0

No Credit, Poor, Fair CreditApply NowView Card Details
  • No annual fee
  • No credit check to apply. Find out instantly if you are approved- Zero credit risk to apply!
  • Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
  • Get considered for an unsecured credit line increase after 6 months - no additional deposit
  • Monitor your credit progress with free access to your FICO Credit Score.
  • Reports to all 3 major credit bureaus monthly to establish and build credit history.
  • Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
  • Secure your credit line with a refundable security deposit - as low as $300.
  • Easy application, apply in less than 5 minutes right from your mobile device
  • Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule
  • Now you can make smaller partial payments towards funding your security deposit over 60 days
  • Over 1.2 Million Cardholders Have Used OpenSky Secured Credit Card To Improve Their Credit
OpenSky® Secured Visa® Credit Card

25.64% (Variable) APR

N/A

$35

Poor CreditApply NowView Card Details
  • No credit check to apply. Zero credit risk to apply!
  • Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
  • Extend your $200 credit line by getting considered for an unsecured credit line increase after 6 months, no additional deposit required!
  • Get free monthly access to your FICO score in our mobile application
  • Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and Transunion
  • Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
  • Fund your card with a low $200 refundable security deposit to get a $200 credit line
  • Apply in less than 5 minutes with our mobile first application
  • Choose the due date that fits your schedule with flexible payment dates
  • Fund your security deposit over 60 days with the option to make partial payments
  • Join over 1.2 million cardholders who've used OpenSky to build their credit
Merrick Bank Secured Credit Card

22.70% Variable APR

N/A

$36 for first year. Billed $3 per month thereafter

See Website For Details*Apply NowView Card Details
  • Choose your own credit line based on how much money you want to put down as a security deposit.
  • Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
  • After 9 months, we review your account for a credit line increase. No additional deposit required!
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
  • Get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.
Reflex® Platinum Mastercard®

29.99% APR (Variable) APR

N/A

$75 - $125

Fair / Poor / Bad / LimitedApply NowView Card Details
  • Up to $1,000 credit limit doubles up to $2,000! (Simply make your first 6 monthly minimum payments on time)
  • See if you're Pre-Qualified with no impact to your credit score
  • All credit types welcome to apply
  • Access to your Vantage 3.0 score from Experian (When you sign up for e-statements)
  • Initial Credit Limit of $300 - $1,000 (subject to available credit)
  • Monthly reporting to the three major credit bureaus
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard® is accepted
  • Checking Account Required
First Progress Platinum Elite Mastercard® Secured Credit Card

25.24% (V) APR

N/A

$29

Poor / Limited / NoApply NowView Card Details
  • Choose your own credit line - $200 to $2000 - based on your security deposit
  • Build your credit score.† Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • † Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
First Progress Platinum Select Mastercard® Secured Credit Card

19.24% (V) APR

N/A

$39

Poor / Limited / NoApply NowView Card Details
  • 1% Cash Back Rewards on payments
  • Choose your own credit line - $200 to $2000 - based on your security deposit
  • Build your credit score.† Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • † Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
First Progress Platinum Prestige Mastercard® Secured Credit Card

15.24% (V) APR

N/A

$49

Poor / Limited / NoApply NowView Card Details
  • 1% Cash Back Rewards on payments
  • Choose your own credit line - $200 to $2000 - based on your security deposit
  • Build your credit score.† Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • † Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
  • Earn 1% Cash Back Rewards on payments made to your First Latitude Secured credit card account.
  • Past credit issues shouldn't prevent you from getting a credit card with great benefits & rewards!
  • Choose your own fully-refundable credit line - $200 to $2000 - based on your security deposit.
  • Build or rebuild your credit!†
  • Accepted wherever Mastercard® is accepted
  • Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • †Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
  • *See Important Disclosures for complete offer details
  • Earn 1% cash back rewards on payments made to your Total Credit Card
  • Checking Account Required
  • No annual fee
  • No credit check to apply. Find out instantly if you are approved- Zero credit risk to apply!
  • Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
  • Get considered for an unsecured credit line increase after 6 months - no additional deposit
  • Monitor your credit progress with free access to your FICO Credit Score.
  • Reports to all 3 major credit bureaus monthly to establish and build credit history.
  • Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
  • Secure your credit line with a refundable security deposit - as low as $300.
  • Easy application, apply in less than 5 minutes right from your mobile device
  • Offer flexible payment due dates which allow you to choose any available due date that fits your payment schedule
  • Now you can make smaller partial payments towards funding your security deposit over 60 days
  • Over 1.2 Million Cardholders Have Used OpenSky Secured Credit Card To Improve Their Credit
  • No credit check to apply. Zero credit risk to apply!
  • Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
  • Extend your $200 credit line by getting considered for an unsecured credit line increase after 6 months, no additional deposit required!
  • Get free monthly access to your FICO score in our mobile application
  • Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and Transunion
  • Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
  • Fund your card with a low $200 refundable security deposit to get a $200 credit line
  • Apply in less than 5 minutes with our mobile first application
  • Choose the due date that fits your schedule with flexible payment dates
  • Fund your security deposit over 60 days with the option to make partial payments
  • Join over 1.2 million cardholders who've used OpenSky to build their credit
  • Choose your own credit line based on how much money you want to put down as a security deposit.
  • Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
  • After 9 months, we review your account for a credit line increase. No additional deposit required!
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
  • Get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.
  • Up to $1,000 credit limit doubles up to $2,000! (Simply make your first 6 monthly minimum payments on time)
  • See if you're Pre-Qualified with no impact to your credit score
  • All credit types welcome to apply
  • Access to your Vantage 3.0 score from Experian (When you sign up for e-statements)
  • Initial Credit Limit of $300 - $1,000 (subject to available credit)
  • Monthly reporting to the three major credit bureaus
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard® is accepted
  • Checking Account Required
  • Choose your own credit line - $200 to $2000 - based on your security deposit
  • Build your credit score.† Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • † Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
  • 1% Cash Back Rewards on payments
  • Choose your own credit line - $200 to $2000 - based on your security deposit
  • Build your credit score.† Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • † Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
  • 1% Cash Back Rewards on payments
  • Choose your own credit line - $200 to $2000 - based on your security deposit
  • Build your credit score.† Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • † Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.

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