If you’re looking to rebuild credit, the Capital One Platinum Secured Credit Card may be for you. Take control and build credit with responsible use. There is no annual fee and no hidden charges. Enjoy notable features, including a range of deposit options that start low and the ability to increase your credit line without having to deposit more money.
Capital One requires a refundable security deposit based on your creditworthiness. In addition, if you can’t pay your security deposit upfront, Capital One will let you pay it in installments. Just make sure to provide the full amount within 80 days of your approval. For those who need flexibility on a fixed income, this is a great benefit.
Capital One Platinum Secured Summary
 With the Capital One Platinum Secured: Unlike a prepaid card, this card will help you build credit when used responsibly, with regular reporting to the 3 major credit bureaus. You'll get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness; and be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed 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 This card comes with no annual fee, and all the credit building benefits with responsible card use. |
Earning & Redeeming Rewards
Unfortunately, you can’t earn points or cash back with the Capital One Platinum Secured. That means there are also no rewards for using this card.
Instead, its main function is to help users with poor credit a chance to build a solid credit history over time, improving their credit scores.
Conclusion
The Capital One Platinum Secured is great for those seeking to rebuild credit. Though it doesn’t offer any welcome bonuses, rewards or value-added perks, it’s still an excellent option if you need to build your credit with its low minimum security deposit and very few fees.
Take control and rebuild your credit with responsible use. Sign up today if this could benefit you. Otherwise, find out which card is fit for you by checking out our complete list of credit card promotions and other Capital One credit cards today!
