Credit Cards (US)

Capital One Platinum Secured review

Rebuild your credit with the help of a Capital One Platinum Secured. Check out the full review!

by Aline Augusto

09/10/2022 | Updated on 04/03/2023

Capital One Platinum Secured: rebuild your credit score with no annual fee

Get your Capital One Platinum Secured card to build your credit score. Source: The Mister Finance.
Get your Capital One Platinum Secured card to build your credit score. Source: The Mister Finance.

In the Fair Or Building Credit tab from the Capital One website, a card stands out: the Platinum Secured. So, to learn everything about this flexible, secure, and very convenient credit card, read this Capital One Platinum Secured card review.

It doesn’t charge an annual fee and comes with the traditional package of benefits offered by Capital One.

Credit ScoreBad
FeesCash Advance: 3% of the amount of the cash advance, but not less than $3;
Late payment: Up to $40.
Regular APRPurchase APR: 29.99% (Variable);
Balance Transfer APR: 29.99% (Variable);
Cash Advance APR: 29.99% (Variable).
Welcome bonusNone
RewardsNone
capital one platinum

How to apply for a Capital One Platinum Secured?

The Capital One Platinum Secured card helps you rebuild your credit. Check out how easy it is to apply!

Now, keep reading our Capital One Platinum Secured review to learn how it works and decide if this card could be the one for you!

Learn how a Capital One Platinum Secured works

Capital One Platinum Secured card is a tool for rebuilding credit. Furthermore, the card charges no annual fee, no authorized user fees, and no foreign transaction fees whatsoever.

Also, it offers a flexible security deposit. And you can choose the amount that fits your needs: $49, $99, or $200.

Although it is a secured card that requires a security deposit, it can be refundable depending on your behavior and responsible use.

In addition, if you use your credit card carefully and responsibly, you can upgrade to an unsecured credit card.

Furthermore, the Platinum Secured from Capital One allows you to choose the best due date that fits your budget. At the same time, it runs automatic credit line reviews under good circumstances.

Cardholder membership includes:

  • A mobile app full of features, including 24/7 Customer Service;
  • $0 Fraud Liability and security alerts;
  • Credit monitoring and access to CreditWise alerts;
  • Travel & Retail Benefits are provided by the card issuer.

Moreover, this card offers pre-approval, which means you can prequalify for it without worrying about harming your credit score.

Capital One Platinum Secured card highlights

Use your secured card wisely, and you can build an excellent credit score. Source: Freepik.
Use your secured card wisely, and you can build an excellent credit score. Source: Freepik.

A secured card is always a good choice for people who need to build or rebuild credit. Mostly because it offers control, security, and convenience at a very low cost.

And, of course, it wouldn’t be different with a Capital One Platinum Secured.

Besides the traditional benefits a secured card offers, this Platinum from Capital One allows you to control your finances with confidence.

Also, it gives you access to tools for better financial management and charges zero fees for it.

Advantages

  • It doesn’t charge an annual fee, authorized user fees, and foreign transaction fees;
  • Furthermore, it offers flexible security deposits with the possibility of refunding them;
  • Allows you to choose the best due date;
  • Runs automatic credit line reviews;
  • Offers pre-approval;
  • Features a basic package of security, including $0 Fraud Liability;
  • Allows credit score monitoring.

Disadvantages

  • It requires a security deposit;
  • It doesn’t offer a welcome bonus or rewards.

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

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This card is designed for those who are building credit. So, credit scores less than perfect are considered in the application. Also, Capital One offers pre-approval with no risk to your credit score.

Apply for a Capital One Platinum Secured

Now, learn how easy it is to get your Capital One Platinum Secured and start rebuilding your credit with confidence and convenience.

capital one platinum

How to apply for a Capital One Platinum Secured?

The Capital One Platinum Secured card helps you rebuild your credit. Check out how easy it is to apply!

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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