Capital One Platinum Secured Credit Card
Written by Kenji NiwaThe Capital One Platinum Secured is a secured card with no annual fee. A deposit of $49, $99 or $200 opens a credit line of at least $200, and you can deposit more to raise it up to $1,000. Capital One may review you for a higher line in as little as six months.
No Firstcard offer · free sign-up
No Firstcard offer · free sign-up
- Minimum deposit
- $49
- Fees
- $0
- APR
- 29.24% variable
- Credit check
- Yes
- Reports to
- All 3 bureaus
- Unsecured upgrade
- Reviews from 6 mo
The details
- Minimum deposit
- $49, $99 or $200 min, based on credit
- Annual fee
- $0
- APR
- 29.24% variable
- Credit check
- Yes
- Prequalification
- Yes
- Reports to
- Equifax, Experian and TransUnion
- Unsecured upgrade
- Responsible use could move you to an unsecured card in as little as 6 months
- Credit limit
- $200 to start. Deposit more to raise it up to $1,000
- Foreign transaction fee
- None
- Maximum deposit
- $1,000
- Deposit
- Paid up front
- Deposit refund
- Returned when you upgrade to an unsecured card, or when you close the account and pay in full
- Bank account required
- Yes
Facts come from the issuer's own terms, checked October 28, 2026. Confirm them on the issuer's site before you apply.
Pros & cons
Pros
- Check if you are pre-approved with no impact to your score.
- Depending on your credit, a $49 or $99 deposit can open a $200 credit line.
- Use it well and you could get your deposit back and move to an unsecured card.
Cons
- The 29.24% variable APR is high if you carry a balance.
- A full application means a hard credit inquiry.
- Deposits top out at $1,000, and they must come from a bank account.
Compare Capital One Platinum Secured Credit Card to other secured cards
Capital One Platinum Secured Credit Card
4.0- Min. deposit
- $49
- Fees
- $0
- APR
- 29.24% variable
- Min. deposit
- Varies
- Fees
- $0
- APR
- None
- Min. deposit
- $200
- Fees
- $35
- APR
- 23.89% variable
- Min. deposit
- $100
- Fees
- $0 first year, then $25
- APR
- 27.74% variable
After this card, similar cards from the same list are picked automatically: cards from Firstcard partners first, then the rest, each group by Firstcard editors' rating. That order may reflect partner compensation, as how we rate explains. It never changes a rating. The full list shows them all. Clicks are Firstcard members sent to each card in the last 12 months, with suspected bot traffic excluded.
A warning from Firstcard
- High APR. 29.24% is well above the U.S. average of 22.15% for cards that charge interest (Federal Reserve, Q2 2026). If you can't pay in full every month, a balance gets expensive fast.
- Low limit, so watch your credit use. On a $200 limit, a $60 purchase already uses 30% of your line, and high credit use can lower your score. Pay right after you buy, before your statement closes.
U.S. average APR on accounts assessed interest: Federal Reserve G.19, Q2 2026.
How credit use affects your score: myFICO on amounts owed.
Kenji is the Founder and CEO of Firstcard. He built and sold iTank, Japan's largest internship platform, and has made about 40 angel investments, including Substack. He started Firstcard at UC Berkeley Haas after he was rejected for his first U.S. credit card. Full profile and latest articles →
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Terms change, so check before you apply. These terms come from the providers, not from us, so we cannot guarantee they are current or complete, and anything a member reports describes their own account rather than the offer you will be given. Always confirm the fees and terms on the provider's own site before you apply. If you spot something wrong here, email support@firstcard.app and we will fix it.
