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Capital One Platinum Secured

The Capital One Platinum Secured stands out for requiring a lower upfront deposit than other secured cards. Moreover, it has the ability to pay the deposit in installments, along with a fast process for potentially increasing the card’s credit line after that.

Card details

  • Annual fee: $0
  • Minimum deposit: $49, $99 or $200
  • Type of card: Building credit
  • Credit Score: Poor (300 – 629)

Card benefits

  • Refundable Deposits & Upgrades: with responsible card use, you could earn back your deposit and upgrade to a standard, unsecured Platinum card
  • No Hidden Fees: No foreign transaction fees. No replacement card fees. No authorized user fees. Just the card you need with no unwanted surprises.
  • Automatic Credit Line Reviews: be automatically considered for a higher credit line in as little as 6 months.
  • Flexible Due Dates: easily work payments into your monthly budget by choosing the due date that works best for you.

For whom this card is recommended

Capital One Platinum Secured is perfect if you lack a credit history or have bad credit. Although it has higher APRs, it requires a lower upfront deposit than other secured cards and it allows you to pay the deposit required to get a secured credit card in installments.

If you are looking for the best secured card, the Capital One Platinum Secured could be a winner.

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