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Capital One Secured MasterCard
Consumer Reviews, Credit Score and Income Needed, Credit Limits

Picture of Capital One® Secured Mastercard®
28 Reviews
Consumer Rating:
star ratingstar ratingstar ratingstar ratingno star rating

Apply Here apply here 4.2
Lowest:
400
Average Score:
539
Highest:
759

Key Features
Key Features

Annual Fee: $0
APR : 24.99%*V
Initial Deposit: $49, $99 or $200 for a $200 limit.
Credit Limit Increase without additional deposit: Review after 5 months
Reports as: Unsecured
Graduates to unsecured: Yes
Pros and Cons
Pros and Cons
Pros

  • No annual fee
  • Can deposit less than initial credit limit
  • Credit limit increase possible after 5 months with no additional deposit
  • Reports as unsecured
  • possible to graduate to an unsecured card

Cons

  • No Rewards (nitpicking here)

Our Take
Our Take

This is one of the best secured credit cards out there. The unique feature of this card is that you may only be required to put down a portion of the initial credit limit of $200 (making it a partially secured credit card). You are also eligible for a credit line increase without having to put up additional deposits after 5 months (we know of no other card that has this feature). They are also one of the rare secured cards that report as unsecured. The only thing we could nitpick is that they do not have a reward program!

All
5 Star
64%
4 Star
14%
3 Star
7%
2 Star
7%
1 Star
7%
1 Star 2 Star 3 Star 4 Star 5 Star
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Credit Score: 527 Credit Limit: 200 Age: 35-44
Posted 07/26 2017
Overall Rating: star ratingstar ratingno star ratingno star ratingno star rating
I am very unhappy with my experience with cap one. After I was approved for this card and made my deposit, I got a message saying that there was fraudulent activity on my card. How can there be any fraudulent activity when I just applied, paid the deposit and not even received my card. I was asked to provide bank statements, utility bills etc. Who would do that over an email or fax. Has anyone faced this problem?
 
Credit Score: 560 Credit Limit: 200 Age: 35-44
Posted 01/28 2017
Overall Rating: star ratingstar ratingno star ratingno star ratingno star rating
While the features of the card are great, I have had a very bad experience with Capital One. 4 days after receiving my card, I got a card from the fraud department saying there had put my card on hold. He then went on to ask me questions to "verify my identity". Then he said everything was ok and that the hold was lifted. 2 days later, I used the card at Walmart and guess what, the card was denied. Thank goodness I had cash with me. I went home and called CSR again. This time a lady answered and I was told the hold was not released due to some internal issue and she confirmed with me that the hold was definitely lifted. I have never had a problem since but this left a sour taste in my mouth.