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Capital One Platinum Secured card artworkCard artwork from the issuer. Design may vary.
Secured credit card · Capital One

Capital One Platinum Secured

A straightforward credit-building account with no annual fee and an assigned refundable deposit.

No annual feeNo foreign feeNo rewards to manage
See current issuer offer ↗

Issuer terms checked 2026-10-15 · Our editorial approach

Annual fee$0
Purchase APR29.24% variable
Required deposit$49, $99 or $200
Account typeSecured credit card
The CardsReviews take

Simple mechanics. A separate cash commitment.

Platinum Secured focuses on the basics of managing a credit account. The minimum deposit depends on the offer assigned to you. Compare that commitment and the regular APR before deciding whether a rewards-bearing alternative would fit better.

Consider it if: you prefer a simple account over a rewards program.
What stands out

The advantages.

  • No annual fee or foreign transaction fee.
  • Approved applicants may receive a deposit below the initial credit line.
  • Account activity reported to the three major credit bureaus.
What to weigh

The trade-offs.

  • No current rewards program.
  • The lowest advertised deposit is not available to everyone.
  • 29.24% variable APR; a review does not guarantee an unsecured upgrade.
The offer, unpacked

Rates, rewards & requirements.

The details below describe the checked offer. Your assigned terms and eligibility may differ.

Rates & fees

Annual fee
$0
Purchase APR
29.24% variable
Introductory APR
No introductory APR in the checked offer
Balance transfer fee
No fee at the standard transfer APR; 4% for transfers at a promotional APR offered by the issuer
Foreign transaction fee
None
Balance transfer APR
29.24% variable
Cash advance APR
29.24% variable
Cash advance fee
Greater of $5 or 5%
Late payment fee
Up to $40
Other penalty fees
No additional penalty fees listed in the checked disclosure
Purchase grace period
Due date at least 25 days after closing; full previous-balance payment required to avoid interest on new purchases

Rewards & account essentials

Rewards
No current rewards program
Welcome offer
No welcome bonus advertised in the checked offer
Security deposit
$49, $99 or $200 minimum refundable deposit; initial line at least $200
Credit limit
Initial line at least $200; assigned maximum initial limit from $500 to $1,000
Deposit deadline
Required deposit within 35 days of approval
Deposit return
Statement credit if eligible for unsecuring, or refund after account closure and full repayment
Reporting
Reported to all three major credit bureaus
Put the terms side by side

Other cards to consider.

Account types and approval requirements differ. This comparison does not predict which card you can obtain.

A closer look

How it works in real life.

Who this card may suit

Platinum Secured is worth examining if you want to build a manageable credit routine and do not need a rewards program. Its value should be judged through the actual deposit assigned, the money tied up and the borrowing costs. A low advertised entry deposit is useful only if it is available in your offer and leaves the rest of your budget intact.

Compare cash commitment, not just annual fee

A hypothetical applicant assigned a $99 deposit and a $200 credit line commits $99 as collateral. If they then charge $60, the $60 still needs to be repaid separately. An applicant assigned $200 has a different initial cash commitment even though the card name is the same. Wait for the assigned terms before planning around the lower figure.

What you give up by choosing simplicity

With no current rewards program, there is no cash-back calculation to optimize. That can make the card easier to use as a payment-history tool. It also means another card could provide more value for the same spending if you can satisfy its terms and manage it just as reliably. Compare the entire account, including its deposit, fees and maintenance effort.

Borrowing deserves more attention than perks

A hypothetical constant $500 balance at 29.24% APR implies approximately $12.18 of monthly interest using a simple APR-over-twelve approximation. The actual calculation follows the daily-balance terms. This is why the first comparison should be whether the purchase can be repaid, not whether a small benefit is available elsewhere.

Likewise, a standard-rate transfer without a transaction fee still incurs the applicable transfer interest. Compare the dollar cost over your intended payoff period. Our payoff calculator models a fixed monthly payment; it does not reproduce a statement minimum-payment formula.

Alternatives to compare

Discover Secured Cash Back adds rewards with a different program and higher possible initial limit. Navy Federal cashRewards Secured adds membership requirements. Choose only after comparing the offer actually available to you.

Questions before applying

Can I choose the $49 deposit?

The issuer assigns the minimum deposit tier; the advertised lowest amount is not universal.

Does an increase review promise an unsecured upgrade?

No. A larger credit line and a change to unsecured status are separate possibilities.

Does my deposit earn interest?

The product describes collateral rather than a savings return. Consider the cash being unavailable for ordinary spending while it is held.

Editorial profile prepared October 15, 2026. Examples are hypothetical and do not predict approval, an assigned limit or a personal outcome. Editorial review is pending.

Transparent by design

Sources & offer notes.

Product facts come from issuer sources. Our commentary and hypothetical examples explain the trade-offs.

Offer 41706. Deposit tier and approved limit depend on the application. A credit-line review or eligibility for an unsecured account does not guarantee an upgrade.