Capital One® Secured MasterCard®Quick Summary:
This MasterCard offer is issued by Capital One. This is a secured card that does not issue a traditional line of credit. APR's may vary among applicants, however the lowest standard APR is 22.9%* (V).
The lowest available APR is variable, meaning that the rate can change as U.S. prime rates fluctuate. You can find out how to compute your APR in the programs terms and conditions. For example, you may be instructed to add 5.4% to the U.S. prime rate.
There is an annual fee of $29* for this card.
This is not a rewards card.
Credit Record Needed:
Based on the FICO score recommendation, the issuer may expect that applicants may have had problems with their credit history, or are working on building their credit reputation. A FICO credit score of 571 is recommended for a higher chance of approval, but this is not required. There are a number of other factors that this issuer may also consider when making decisions for approval.
The grace period listed for the Capital One® Secured MasterCard® is at least 25 days*. So interest charges will not be applied for purchases during those days. Be aware that some issuers will begin charging interest on cash advances and balance transfers on the transaction date.
Uses for this type of card may include budgeting funds, adding deposits for later use, building a credit rating (if issuer reports to the credit bureaus), and possibly more. A secured credit line may be compared, or is similar to a debit card.
This card contains the brand of MasterCard, where acceptance is global. Most businesses that accept credit cards will accept MasterCard as a form of payment.
There were 16 people that reported their status to us after they applied. They provided us with helpful qualification information, including their credit scores, the rates offered to them, household income and more. 88% of those applicants were approved.
The approval rate for this card is moderately high. Furthermore, if your FICO score is close to or higher than 571, then your chance of approval may be even greater.
Approval time for this offer is not listed. You could expect a possible instant decision, but you should expect a final credit decision within 1-2 weeks.
- Build credit with responsible use with no processing or application fees
- Regular reporting to the 3 major credit bureaus
- Monitor credit with access to a credit score and other tools
- Your security deposit can get you a line up to $3,000
- You may qualify for a credit line increase based on your payment history and creditworthiness
- Use it like any MasterCard credit card, accepted at millions of locations worldwide
$200 - $3000
Your credit line will equal your security deposit
Your minimum security deposit is $200
* Please see the credit card application for details about terms and conditions.
Reasonable efforts are made to maintain accurate information. However all credit
card information is presented without warranty.
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Secured Card Rate Comparison
|Avg. Annual Fee||$16.77**|
** APR average does not include cards where APR is 0%, unless viewing offers in the secured card category. "Annual fee
average" contains the average of all fees in a specific category (Secured cards), even where the fee is $0. This data is subject to Finance Globe's
terms and conditions.
View rates and fees for all cards.