Balance Transfer Fee
$0
Annual Fee
$0
Foreign Trans Fee
None
Regular APR
24.99% (Variable)
Product Type
ConsumerCard
Credit Recommended
Limited, Bad

Offer Overview

  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card accepted at millions of locations worldwide

At a Glance

The Capital One® Secured Mastercard® is a great alternative for someone with less than perfect credit who is looking to build their credit score.

Pros

If you're looking for a secured credit card to help you start building your credit, this might be the perfect card for you! Along with no annual fee, you can sign up for free enrollment in online tools to help you track your credit. Once you have established a positive payment history and credit worthiness, you can earn opportunities to access a higher credit line.

Cons

A security deposit is required for this card.

Editorial Disclaimer: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. Also see Advertiser Disclosure.