How Is The Capital One Platinum Secured Credit Card Different From A Prepaid Card?


The timeline to graduate to unsecured varies depending on the cardholder’s payment history. Capital one platinum secured credit card our rating: For example, a $200 credit limit might only require a $99 security deposit.

3.7 More Information Close Our Writers, Editors And Industry Experts Score Credit Cards Based On A Variety Of Factors Including Card Features, Bonus Offers And Independent Research.


But this card stands out because it offers cardholders the chance to get an initial credit line of $200 for a minimum security deposit of $49, $99 or $200. A secured capital one credit card gives you access to credit, just like any other credit card. A secured credit card requires that some security, or collateral, be.

A Secured Card Reports To The Major Credit Bureaus Just Like A Traditional (Unsecured) Credit Card.


Unlike a prepaid card, a secured card is an actual credit card that reports to the three major credit bureaus—providing the opportunity to build your credit, with responsible use. The capital one credit score requirement is of at least 300, depending on the credit card. Click the subscribe button above to get the latest news from capital one secured card site, directly to your email box.

A $49, $99 Or $200 Deposit That Can Be Returned Based On Your Credit Worthiness.


Unlike the capital one secured mastercard, this. Using the capital one platinum secured card responsibly could help. The card earns an unlimited 1.5% back on all purchases, has no annual fee, carries an ongoing apr of 26.99% variable and requires a security deposit of $200 in exchange for a $200 credit line.

The Minimum Deposit Amounts Are $49, $99 Or $200, Based On Your Credit.


However, the two amounts don’t. Capital one has launched a new secured credit card that offers 1.5% cash back on every purchase. This is a great card for anyone who has fair or average credit and is looking to rebuild their credit by adding some positive payment history.