Capital One Platinum Secured

A credit-building card whose draw is the possibly-reduced deposit, sometimes you're approved for a $200 line with a deposit under that, which most secured cards won't do. No annual fee (as of 2026) keeps the cost of rebuilding at zero. The trade-off is no rewards and a high ongoing APR, so never carry a balance on it. If you can fund a full deposit and want cash back while you build, a rewards-secured card fits better. Check current deposit terms on capitalone.com.

Capital One Platinum Secured at a glance

Rewards & perks

• Security deposit you can get back
• Reports to all three credit bureaus
• Your credit line gets reviewed automatically

Pros

• No annual fee
• Deposit can come in below the full credit line
• Offers a route to an unsecured card

Cons

• Earns no rewards
• APR is high, so pay the balance off each month

Who should apply

• A refundable security deposit
• A bank account to fund the deposit

Before you apply: card terms change often. Confirm the current annual fee, APR, welcome offer and rewards on the official Capital One site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.