Best for limited credit history.
The Capital One Platinum Secured Credit Card is a secured card with minimal features and perks but can be a great option for those looking to rebuild or improve their credit history.
At a glance
- 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
At a glance
- 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
Our Take
TPG Editor's Rating
Overview
The Capital One Platinum Secured Card is a great option for people with limited or poor credit history. It features a fairly high approval rate and features a refundable deposit that is as low as $49. The card does not offer reward earnings or a sign-up offer. The Platinum Secured does offer no annual fee or foreign transaction fee, making it a great option for those looking to repair their credit history. For new cardholders, it can also be a great tool to build their credit history.
Pros
- This card offers no annual fee and no foreign transaction fee. Automatically considered for the unsecured version after demonstrating responsible credit usage.
Cons
- The card offers no reward earning or sign-up offer. It features a high APR on purchases.
Who is this card good for?
This card is a good option for people with limited or poor credit history.
Earning Rewards
This card offers no rewards earning.