Capital One Platinum Secured Credit Card review

Platinum Secured is built for one job: getting someone with no score or a damaged one into a real credit card for as little cash as possible. Capital One asks for a minimum refundable deposit of $49, $99 or $200 depending on creditworthiness, and you have 35 days after approval to pay it, in installments if needed. The minimum deposit opens a credit line of at least $200, and extra deposits before activation raise the starting line by the same amount, up to $1,000. No credit score is required to apply, and the eligibility check shows offers with no credit score impact. The card has no annual fee and no foreign transaction fees, and CreditWise gives free FICO Score 8 tracking with alerts on TransUnion and Experian changes. By establishing a positive track record you could earn back the deposit and move to an unsecured card. The cost is a 29.24% variable APR and no rewards at all, so it suits people focused on credit history rather than earnings.

Who it is for

people with damaged or no credit who need the lowest possible deposit

Price

$0 annual fee; minimum deposit of $49, $99 or $200.

$0 annual fee
Quoted from the vendor pricing page on November 11, 2026.

Key features

• Minimum refundable deposit of $49, $99 or $200 set by creditworthiness
• No credit score required to apply
• Extra deposit within 35 days raises the starting line by that amount, up to $1,000
• No hidden or foreign transaction fees
• Free CreditWise monitoring with FICO Score 8

Strengths and weaknesses

• Strength: Deposit can be as low as $49 for a $200 line
• Strength: Deposit can be paid in installments over 35 days
• Strength: Eligibility check shows offers with no impact on your credit score
• Weakness: Earns no rewards
• Weakness: 29.24% variable purchase APR
• Weakness: Initial credit line tops out at $1,000 through extra deposits

Key facts

• Annual fee: $0
• Minimum deposit: $49, $99 or $200
• Purchase APR: 29.24% variable
• Credit score to apply: Not required
• Foreign transaction fee: None

Where it ranks

Capital One Platinum Secured Credit Card is No. 3 in our Best Secured Credit Cards verdict.