Capital One Platinum Secured
Best for: People rebuilding credit who want a low or flexible deposit
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
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
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
| Issuer | Capital One |
| Card network | Mastercard |
| Annual fee | No annual fee |
| Rewards rate | No rewards — focused on credit building |
| Welcome bonus | None |
| Intro APR | None |
| Regular APR | 28.99% variable |
| Foreign transaction fee | None |
| Credit needed | Limited / Rebuilding |
| Airport lounge access | No |
| Best for | People rebuilding credit who want a low or flexible deposit |
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.
How it compares with similar USA cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
Capital One Platinum SecuredPeople rebuilding credit who want a low or flexible deposit |
None | No rewards — focused on credit building | None | None | Limited / Rebuilding | |
Discoverit Secured 6011 5181 0631 0824 VALID THRU 09/28JORDAN TAYLOR Discover it Secured Credit CardBuilding or rebuilding credit while still earning rewards |
None | 5% cash back in rotating quarterly categories (activation and quarterl… | None | None | New / rebuilding credit | |
Chime (bank partner not confirmed in source)Chime Prime 4112 8826 8127 9702 VALID THRU 05/31JORDAN TAYLOR Chime Prime CardChime customers with steady direct deposits building credit |
None | 5% cash back on selected categories (grocery, gas, restaurants, monthl… | None | See issuer | Chime Prime membership: $3,000… | — |
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