Capital One Platinum Secured Mastercard
A deposit as low as $49 can unlock a $200 credit line, with an automatic path to a higher limit.
Capital One’s Platinum Secured Credit Card lets people with limited or damaged credit open an account with a refundable deposit as small as $49.
Anyone building a first credit history or recovering from past missteps is the target, particularly those who prefer not to pay a yearly fee.
Expect a $0 annual fee, no foreign transaction fees and a path to a higher credit line.
Why is the Capital One Platinum Secured worth it?
Credit builders often find that the hard part is simply getting a card that reports to the bureaus. This one does, and the entry price is a deposit rather than a fee.
Advantages
- Annual fee of $0
- Entry deposits start at $49 and may be $99 or $200 depending on creditworthiness
- A larger deposit, up to $1,000, raises the starting limit
- Purchases abroad carry no foreign transaction fees
- Capital One reports to Experian, Equifax and TransUnion
- No fees for authorized users or replacement cards
- CreditWise is free for anyone who wants to follow their credit score
Disadvantages
- A 28.99% variable APR applies to purchases that are not paid off
- Your deposit stays locked as collateral until you upgrade or close the account
- There is no cash back or points program
- Capital One reviews your income and debts, and applications can be declined
Important notice: this content is informational and based on official sources. We do not act as a financial intermediary.
Inside the Capital One Platinum Secured
The card comes from Capital One and works like a regular credit card for day-to-day payments, but the deposit you make helps decide your credit limit.
Used well, the account can lead to a higher limit in as little as six months and, later, an unsecured Platinum card. Paying the full statement balance each month avoids interest.
Key information
- Issuer: Capital One
- Deposit: $49, $99 or $200 minimum (refundable), up to $1,000
- Credit line: from $200 upward
- Annual fee: $0
- APR for purchases: 28.99% variable
- Foreign transaction fees: $0
- Reporting: all three credit bureaus
- Rewards: none
Last updated: 01/10/2026
Digital platform: Capital One Mobile app
Day-to-day management happens in the Capital One Mobile app. CreditWise, Capital One’s free tool, shows your credit score and tracking features so you can see progress as the account ages.
Who is the Capital One Platinum Secured ideal for?
If you have a modest deposit saved and want to prove you can handle credit, this card is built for you. It also fits someone who likes the idea of an eventual move to an unsecured card.
Shoppers who care about earning points or a low interest rate should look elsewhere. So should anyone who needs every dollar available for spending, because the deposit is set aside.
Common questions
Is there an annual fee?
No, the card has a $0 annual fee.
What APR applies to purchases?
Capital One lists a 28.99% variable APR, and no interest accrues if you pay the statement balance in full.
Are there foreign transaction fees?
No, Capital One says the card has none.
Is the Capital One Platinum Secured a good option?
As a low-cost way to build credit, the Platinum Secured card does its job: zero annual fee, flexible deposits and bureau reporting. The price is a high APR, no rewards and money held in deposit.
Visit the details page for application requirements and Capital One contact options.
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