$0
Annual fee
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Card reviewCapital One
Updated Jul 24, 2026 · research
Capital One
Capital One Platinum Secured Credit Card
Start your credit-building journey today with responsible use.
Entry LevelPersonal
Mastercard
Credit profile: poor$0
Annual fee
—
Top rate
N/A
Foreign fee
N/A
Rating
Pros & Cons
Pros
- No annual fee keeps the cost of building credit low
- Refundable security deposit as low as $49 for qualified applicants
- Automatic credit line review in as little as 6 months with no extra deposit required
- Reports to all three major credit bureaus to help build a full credit profile
- No foreign transaction fees for international use
Cons
- Initial credit line is only $200, which limits purchasing power
- No rewards or cash back program
- Not everyone qualifies for the lowest $49 deposit; some must deposit the full $200
- Credit line increase is not guaranteed even after the 6-month review
Key Takeaways
- No annual fee makes this one of the lower-cost secured card options available
- The refundable deposit ranges from $49 to $200 based on creditworthiness, always yielding a $200 credit line
- Automatic credit line reviews begin as early as 6 months with no additional deposit needed
- Full reporting to all three credit bureaus supports broad credit file building
- No rewards program means the card is purely a credit-building tool, not a spending optimizer
Fees
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
Card Benefits
5 benefits
Purchase Protection
Lifestyle Benefits
Coverage Tier Legend
Best in ClassIndustry-leading coverage
StrongAbove average
StandardTypical coverage
LimitedBelow average
Frequently Asked Questions
What is the security deposit required for the Capital One Platinum Secured Credit Card?
The security deposit can be $49, $99, or $200 depending on your creditworthiness at the time of approval. All deposit amounts result in a $200 initial credit line. The deposit is refundable when you upgrade or close the account in good standing.
Does this card have an annual fee?
No, the Capital One Platinum Secured Credit Card has no annual fee. This makes it a low-cost option for those focused on building credit without taking on additional recurring charges.
Does this card report to all three credit bureaus?
Yes, Capital One reports your payment history and credit utilization to Equifax, Experian, and TransUnion each month. This full reporting helps you build a credit file with all major bureaus, but late or missed payments will also be reported negatively.
Can I get a credit line increase without putting down more money?
Yes. Capital One automatically reviews your account for a credit line increase in as little as 6 months of responsible use. No additional security deposit is required, and no separate application is needed for the review.
Are there foreign transaction fees on this card?
No, the Capital One Platinum Secured Credit Card charges no foreign transaction fees. This makes it usable abroad without incurring extra charges on international purchases.
Does this card earn cash back or rewards?
The Capital One Platinum Secured Credit Card is not structured as a rewards card. Its primary purpose is to help cardholders build or rebuild credit rather than earn points or cash back on purchases.
What is CreditWise and is it free?
CreditWise is Capital One's free credit monitoring tool that lets you track your VantageScore 3.0 from TransUnion and monitor your credit report. It is available at no cost to all Capital One cardholders. Note that CreditWise uses VantageScore 3.0, which may differ from scores lenders use when making credit decisions.
Who is this card designed for?
The Capital One Platinum Secured Credit Card is designed for individuals with poor or limited credit who are looking to establish or rebuild their credit history. It is a personal card intended for entry-level credit users, not business applicants.
Is the security deposit refundable?
Yes, the security deposit is fully refundable. You will receive it back when you upgrade your account or close it in good standing.
Card Questions & Answers
Source-backed guidance for the most common questions about this card.
Based on the latest staged extraction results, Capital One Platinum Secured Credit Card, Quicksilver Secured Cash Rewards Credit Card, and VentureOne Rewards Credit Card currently list 24-Hour Travel Assistance Services.
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About This Card
This card is best for individuals with poor credit or a thin credit file who want a no-annual-fee secured card to establish or rebuild their credit history. It suits those who can pay their balance in full each month to avoid the high APR.
A security deposit helps to establish the credit limit on your Platinum Secured Credit Card. By using your card responsibly and making on-time payments, you may be able to improve your credit score and be considered for a credit line increase in as little as six months.
The card's potential $49 minimum deposit is lower than most secured card competitors, and the automatic 6-month credit line review with no extra deposit requirement gives it a clear structural advantage for cardholders focused on graduating to unsecured credit.
Ready to Decide?
Apply for the Capital One Platinum Secured Credit Card
Current offer available with no annual fee.
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