Capital One Platinum Secured Credit Card

Capital One Platinum Secured Credit Card

The Capital One Platinum Secured Credit Card is a no-fee option designed to help you build or rebuild credit. You can start with a refundable security deposit as low as $49, which unlocks at least a $200 initial credit line. If you use the card responsibly, you could earn back your security deposit as a statement credit. After as little as six months, you may be automatically considered for a higher credit line with no additional deposit required. The card also provides $0 Fraud Liability, so you won’t be responsible for unauthorized charges. You can monitor your credit score for free with CreditWise from Capital One, and you can manage your account 24/7 online or through Capital One’s top-rated mobile app.

Overall, this card emphasizes accessibility and credit-building potential with no annual fees, a straightforward security deposit, and tools to help you stay on top of your credit health.

Pros

No annual or hidden fees. See if you're approved in seconds.

Building your credit? Using the Capital One Platinum Secured card responsibly could help.

Put down a refundable security deposit starting at $49 to get at least a $200 initial credit line.

You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time.

Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed.

Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges.

Monitor your credit score with CreditWise from Capital One. It's free for everyone.

Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app.

Top rated mobile app.

Cons

The provided information does not list specific drawbacks or limitations beyond noting that there is no annual fee.

Why we like this card

• No annual or hidden fees and quick approval—see if you're approved in seconds.
• Could help you build credit when used responsibly.
• Refundable security deposit starting at $49 to get at least a $200 initial credit line.
• You could earn back your security deposit as a statement credit with responsible use, such as paying on time.
• Automatic consideration for a higher credit line in as little as six months with no additional deposit needed.
• -$0 Fraud Liability to protect you from unauthorized charges.
• CreditWise from Capital One is free to monitor your score.
• Account access 24/7 online or via Capital One's mobile app, described as top rated.

With no annual fee and a pathway to increasing your credit line without extra deposits, this secured card can be a practical stepping stone for building or rebuilding credit while keeping costs predictable.