Capital One Platinum Secured Review
Capital One · Building or rebuilding credit
Our Expert Verdict
The 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.
Pros
- No annual fee
- Low minimum deposit ($49)
- Automatic credit line reviews
- Reports to all 3 bureaus
Cons
- No rewards
- High APR
- Requires security deposit
Key Benefits & Perks
User Reviews
Customer Reviews
3 reviews
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.
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.
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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