Details of pros

No annual fee: You won’t have to worry about an annual fee with this card. And if you pay your bill in full and on time each month, you won’t have to worry about any other charges either, making this card totally free to use. 

Partial security deposit for some cardholders: Capital One may require you to put down one of three different deposit amounts ($49, $99, or $200) to get access to a $200 credit line. If you pay only $49 or $99, then your deposit is only partially secured, and you get the benefits of a bigger credit line for less money upfront. 

Higher credit limit for on-time payments and higher deposits: Make your first five monthly payments on time, and Capital One will increase your credit line even further, up to a maximum of $1000. This, too, can help increase your credit score by improving your utilization ratio. 

Details of Cons

High interest rate: The Capital One Secured Card has a relatively high-interest rate. That means you’ll pay a lot in interest if you carry a balance from month to month. On the flip side, if you pay off your charges in full each month, Capital One won’t charge you any interest at all. 

Low maximum credit limit: A $1,000 credit limit isn't much. You could get a higher credit limit with competing cards.


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Capital One® Secured Mastercard® review

Sams Credit Card

The Sam’s Club Credit Card, issued by Synchrony Bank, is a basic store credit card for Sam’s Club members with a less-than-stellar credit profile. The Sam’s Club Credit Card can only be used at Sam’s Club and Walmart stores and doesn’t offer any rewards on purchases, so it’s mainly for borrowers who aren’t likely to qualify for a better credit card that can be used more broadly. If your credit is just fair (if you have a FICO score of 580 to 669) and you shop at Sam’s Club and Walmart frequently, this card can be a worthwhile financing tool, albeit with a steep interest rate.

Big Lots Credit Card

The Big Lots Credit Card is a good choice for frequent Big Lots shoppers who want the flexibility to pay for their purchases over time. If you can handle the deferred-interest financing deals properly, you can save a lot of money and gain the flexibility around paying your credit card bill. Most people, however, will be better off with a cash-back card that works anywhere and earns rewards of some kind. Try the CardCruncher tool to find the right card for you.

Surge Mastercard Credit Card

The Surge Mastercard® is one of the easiest credit cards to get if you have bad credit, but the card's annual and monthly fees may reduce its appeal. If you're considering the Surge Mastercard® to build credit, here's what you need to know before you submit your application.

Menards BIG Credit Card

Menards has been one of the leading stores for home improvements for over five decades now. Many people rely on this store for their home improvement needs where they spend thousands of dollars. The Menards Big Card is designed to help all the Menards loyalists to get more rewards from making their purchases in the store and a few other selected gas stations. The card offers different types of rewards from cash back to in-store financing making it a very valuable tool especially if you tend to do a lot of home improvement.

Stein Mart Credit Card

The Stein Mart Platinum Mastercard® offers additional savings on items that fly off the rack at the discount retailer's store.The card, issued by Synchrony Bank, earns rewards at the retailer online and in-store and everywhere that Mastercard is accepted. It also offers perks such as exclusive savings events, birthday surprises and the chance to earn even more rewards with Elite status. The card's annual fee is $0.

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Capital One® Spark® Cash for Business
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Capital One® VentureOne® Rewards Credit Card
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Capital One® Venture® Rewards Credit Card
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Capital One® Secured Mastercard
A rare partially-secured credit card, the Capital One® Secured Mastercard is perfect for building credit at a low cost. In addition to a $0 annual fee and a $0 foreign transaction fee, the Capital One® Secured Mastercard offers a $200 starting credit limit in return for a refundable security deposit that could be as low as $49. The deposit requirement also could be $99 or $200. The Capital One Secured Card also reports to all three major credit bureaus each month.
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Who Is Capital One® Secured Mastercard® Best For?
This card is best for people who can’t get approved for traditional credit cards, and who want to improve their credit scores. This card is also good for people who don’t have a lot of money saved to put down for a deposit. We also recommend this card for people who are able to pay their bi

How to Apply For Capital One® Secured Mastercard®
OnlineSimply fill in the form with your name, address, Social Security number, birthdate, and other personal information as requested, then click “Submit Application.”If you are approved, you will be given a customer number. Keep it, because you’ll need it to pay the required security deposit