Capital One Platinum Secured Credit Card
Get a refundable deposit, $0 annual fee & fast approval—even with poor or limited credit history.
Why We Recommend the Capital One Platinum Secured Card
Build credit easily with a refundable deposit, flexible approval options, and trusted security from Capital One®.
Refundable Security Deposit
Start with as low as $49 and get it back later—no loss, only credit growth.
No Annual Fee
Keep more money in your pocket while building credit with responsible use.
Reports to All 3 Credit Bureaus
Help build your credit faster with monthly reports to Equifax, Experian & TransUnion.
Compare Capital One Platinum With Other Secured Cards
Not sure if this card is the best fit? Here’s how the Capital One Platinum Secured Card stacks up against other popular secured credit cards.
| Feature | Capital One Platinum | Discover it® Secured | Chime Credit Builder |
|---|---|---|---|
| Annual Fee | $0 | $0 | $0 |
| Minimum Deposit | $49–$200 | $200 | No deposit |
| Rewards Program | None | 2% Cashback | No rewards |
| Reports to Credit Bureaus | Yes (All 3) | Yes (All 3) | Yes (All 3) |
| Pre-Approval Available | Yes | Yes | No |
Pros & Cons of the Capital One Platinum Secured Card
See How This Card Can Boost Your Credit Confidence
The Capital One Platinum Secured Card is helping everyday people build credit with confidence. Whether you’re starting fresh or rebuilding, this card gives you the power to grow your credit score while staying in control. With a refundable deposit and simple approval terms, it’s a smart choice for beginners.
✅ Why This Card Might Be Right for You
Bullet Points (Use Icon List or Text Editor):
Refundable deposit starts from only $49
No annual fee — save money every year.
Reports to all 3 credit bureaus (Equifax, TransUnion, Experian)
Option to upgrade to an unsecured card after responsible use
Pre-approval is available without affecting your credit score
Ideal for immigrants, students, and credit rebuilders
⚠️ What to Consider Before Applying
Bullet Points:
No rewards or cashback features
High APR if the balance is carried
Requires a security deposit up front
No welcome bonus offer
Final Thoughts on the Capital One Platinum Secured Card
Quick Card Facts
- ✔ No annual fee
- ✔ Refundable deposit starts from $49
- ✔ Reports to all 3 credit bureaus
- ✔ Pre-approval available (no score impact)
- ✔ Option to upgrade to unsecured card
Our Final Verdict
If you’re just starting out or rebuilding credit, the Capital One Platinum Secured Card is a smart, secure choice. It’s simple, reliable, and designed to help you grow your credit step by step.
Frequently Asked Questions (FAQ)
Is the Capital One Platinum Secured Card really refundable?
Yes, your deposit is refundable as long as your balance is paid off and your account is in good standing.
Will this card help build my credit score?
Absolutely. Capital One reports your activity to all 3 major credit bureaus (Equifax, TransUnion, Experian).
Is there any annual fee?
No. The Capital One Platinum Secured Card charges $0 annual fee—ideal for beginners.
Can I upgrade to a regular credit card?
Yes, if you use the card responsibly, Capital One may offer you an upgrade to an unsecured card.
