Capital One Platinum Secured
No fee
Capital One
Capital One Platinum Secured
4.0
(3,456 reviews)secured
Reviewed by CardCompare Editorial Board
|CFP-reviewed|Updated April 2026The best no-annual-fee secured card for building credit: start with a 200-dollar minimum deposit and receive automatic credit line reviews after 6 months of responsible use. Reports to all three major credit bureaus monthly and provides a clear path to upgrade to an unsecured Capital One card as your score improves.
Annual Fee
No annual fee
Purchase APR
30.49%
Rewards
No rewards
Sign-Up Bonus
None
Credit Score
Poor (300-579)
Foreign Txn Fee
None
Who Should Get This Card
The Capital One Platinum Secured is best suited for those building credit who building or rebuilding credit. With no annual fee, there's zero cost to keep it in your wallet long-term.
This card is great if you…
- No annual fee
- Low minimum deposit ($49)
- Automatic credit line reviews
- Building or rebuilding credit
Consider another card if you…
- No rewards
- High APR
- Requires security deposit
Fees & APR
| Annual Fee | No annual fee |
| Purchase APR | 30.49% |
| Balance Transfer Fee | None |
| Foreign Transaction Fee | None |
| Late Fee | Up to $40 |
Pros & Cons
No annual fee
Low minimum deposit ($49)
Automatic credit line reviews
Reports to all 3 bureaus
No rewards
High APR
Requires security deposit
The Bottom Line
The Good: The Capital One Platinum Secured stands out for its no annual fee. No foreign transaction fees make it a strong pick for international spending.
The Not So Good: No rewards.
Our Verdict: The Capital One Platinum Secured scores 7/10 — a solid option for building or rebuilding credit. With no annual fee, there's no risk in trying it.
Frequently Asked Questions
What is the annual fee for the Capital One Platinum Secured?▾
The Capital One Platinum Secured has no annual fee — you'll never be charged just for keeping the card open.
What credit score do I need for the Capital One Platinum Secured?▾
The Capital One Platinum Secured is recommended for applicants with poor (300-579) credit. Approval is not guaranteed and depends on your full credit profile.
Does the Capital One Platinum Secured charge a foreign transaction fee?▾
No — the Capital One Platinum Secured has no foreign transaction fees, making it a solid choice for international purchases and travel abroad.
What is the APR on the Capital One Platinum Secured?▾
The Capital One Platinum Secured has a variable purchase APR of 30.49%. If you carry a balance, interest charges can quickly outweigh any rewards earned.
Who is the Capital One Platinum Secured best for?▾
The Capital One Platinum Secured is best for Building or rebuilding credit. A key advantage: no annual fee.
Customer Reviews
3.7
3,456 reviews
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AB
Ashley B.Verified CardholderOct 10, 2026
Helped me rebuild my credit
After some financial difficulties, this card helped me get back on track. My score went from 520 to 680 in 18 months. Graduated to an unsecured card.
LW
Lisa W.Verified CardholderSep 5, 2026
Wish it had rewards
It's a fine credit-building tool but no rewards makes it hard to use once your credit improves. Plan to upgrade once I can.
MJ
Marcus J.Verified CardholderJul 22, 2026
Low deposit to get started
Only needed $49 to open the account. No annual fee. It's not glamorous but it gets the job done for credit building.
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