- Sign-Up Bonus
- 0
- Spending Multipliers
- 0
- Credits & Features
- 1
- Fees
- 5
- Application
- 5
- Issuer
- NaN
Summary
- Sign-Up Bonus
- 0
- Spending Multipliers
- 0
- Credits & Features
- 1
- Fees
- 5
- Application
- 5
- Issuer
- NaN
The Capital One Platinum Secured Credit Card is a no-annual-fee secured card designed for individuals with limited or poor credit who want to build or rebuild their credit profile safely while gaining access to a traditional credit card experience. Cardholders earn no rewards multipliers or welcome bonuses, but the card offers valuable features like automatic credit limit evaluations every six months, a refundable security deposit with the potential to upgrade to an unsecured Capital One Platinum card, and 50% off handcrafted beverages at Capital One Café. With no foreign transaction fees, it’s also suitable for occasional international use. Overall, the Platinum Secured card is ideal for consumers focused on improving their credit, establishing a strong financial foundation, and gradually unlocking higher credit limits without paying an annual fee.
Pros
Cons
Issuer
Spending Multipliers
Credits & Features
Application
- Capital One has a strict 1/6 rule, meaning you can only apply for 1 Capital One card every 6 months
- Capital One usually pulls from all 3 major credit bureaus
- See if you are pre-approved before applying
- Capital One states that for rebuilding credit, you have defaulted more than once, or been declined in the last 3 months
Fees
- No Annual Fee
- No Foreign Transaction Fee
- Up to $40 late fee
- 28.99% Variable APR
- 28.99%APR for Cash Advance
- $5 or 5% of each cash advance amount (whichever is greater)
- 28.99% APR for Balance Transfer
- 4% of each transfer amount