Capital One Platinum Secured
Capital One · Building Credit review
People rebuilding credit who want to minimize the cash tied up in a deposit — qualifying applicants can open a $200 cred
Sorted by score, never commission
Annual fee
$0
No annual fee, every year
Ongoing APR
28.99% variable
Variable — verify the current range at the issuer
Foreign transaction fee
None
Travel-friendly abroad
As of July 21, 2026
Best for
People rebuilding credit who want to minimize the cash tied up in a deposit — qualifying applicants can open a $200 credit line with as little as a $49 or $99 deposit, at a $0 annual fee, with an automatic review for an upgrade after six months of on-time payments.
Not for
Anyone who wants rewards while they build (the Discover it Secured earns cash back, though Discover paused new applications for it 2026-06-02 pending a Capital One relaunch) and applicants carrying a balance — the variable APR runs 28.99%.
The catch
The reduced $49/$99 deposit tiers aren't guaranteed — they depend on your creditworthiness at application, and if you don't qualify the standard $200 deposit applies. It's a credit-building tool, so keep the balance at zero to avoid the high APR.
Card facts
Sourced from the issuer's published Schumer Box and terms — confirm current numbers at the issuer.
Product specs
- Annual fee
- $0
- Ongoing APR
- 28.99% variable
- Foreign transaction fee
- None
- Balance transfer fee
- $0 at the transfer APR; 4% of each transferred balance at a promo APR
- Schumer Box sourced
- July 21, 2026
How we scored this card
See our published methodology — 5 dimensions, 0–20 each, 100-point total.
Get an email when Capital One Platinum Secured's offer changes.
We track Capital One Platinum Secured's current offer and terms. We'll email you the moment they change — no checking back.
Frequently asked
Does the Capital One Platinum Secured charge an annual fee?
No. The Capital One Platinum Secured carries a $0 annual fee, sourced from the issuer's published Schumer Box as of July 21, 2026. Rates change — confirm the current terms at the issuer.
What APR does the Capital One Platinum Secured charge?
28.99% variable. APRs are variable and set by the issuer — confirm the current range on the issuer's Schumer Box before you commit.
Does the Capital One Platinum Secured charge foreign transaction fees?
No. The Capital One Platinum Secured has no foreign transaction fee, so it works cleanly for purchases abroad.
Who is the Capital One Platinum Secured best for?
People rebuilding credit who want to minimize the cash tied up in a deposit — qualifying applicants can open a $200 credit line with as little as a $49 or $99 deposit, at a $0 annual fee, with an automatic review for an upgrade after six months of on-time payments.
Who should skip the Capital One Platinum Secured?
Anyone who wants rewards while they build (the Discover it Secured earns cash back, though Discover paused new applications for it 2026-06-02 pending a Capital One relaunch) and applicants carrying a balance — the variable APR runs 28.99%.
How did ClearValue score the Capital One Platinum Secured?
Capital One Platinum Secured scored 77/100 — "Worth considering". We score every card across five dimensions (effective rewards, fee structure, audience fit, transparency, and the weakness named), 0–20 each. Scores are never influenced by commission. See our methodology for the full rubric.
Alternatives to the Capital One Platinum Secured
Other secured cards we've scored, ranked by our methodology.
- DiscoverCanon
Discover it Secured
90/100Annual fee$0Ongoing APR26.49%Intro APR10.99% · 6 moBest forCredit-builders who want a $0 AF secured card that reports to all three bureaus, earns rotating-category cashback, AND g
Fees sourced from issuer terms · 2026-08-15
- Capital OneSolid pick
Capital One Quicksilver Secured
89/100Annual fee$0Ongoing APR28.99%Foreign txn feeNoneBest forCredit-builders who want a secured card that reports to all three bureaus AND earns 1
Fees sourced from issuer terms · 2026-07-15
- CitiWorth considering
Citi Secured Mastercard
73/100Annual fee$0Ongoing APR26.74%Best forThin-file or rebuilding applicants who want to build credit over an 18-month runway with a major-bank issuer, at a $0 an
Fees sourced from issuer terms · 2026-07-18
