Capital Bank Visa® Secured Platinum Credit Card

Capital Bank Visa® Secured Platinum Credit Card Review

This is a secured credit card card issued by Capital Bank. If you're wondering whether Capital Bank Visa® Secured Platinum Credit Card is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 21.24%
• 3% Balance transfer fee. Capital Bank Visa® Secured Platinum Credit Card charges a fee of 3% on balance transfers, if you transfer the balance within 365 days of opening the account. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Multiple credit card benefits. Includes generous credit card perks, such as identity theft protection, travel accident insurance, and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

Pros & Cons of Capital Bank Visa® Secured Platinum Credit Card

Capital Bank Visa® Secured Platinum Credit Card FAQ

Does Capital Bank Visa® Secured Platinum Credit Card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Capital Bank Visa® Secured Platinum Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Travel Accident Insurance
• Cell Phone Protection
• Reports to major credit bureaus

What are the relevant APRs for Capital Bank Visa® Secured Platinum Credit Card?

Capital Bank Visa® Secured Platinum Credit Card has a variable purchase APR of 21.24%. The card has a variable balance transfer APR of 21.24% . It also has a variable cash advance APR of 24.24% .

What are the fees for Capital Bank Visa® Secured Platinum Credit Card?

The following fees apply:

• There is no overlimit fee

Does Capital Bank Visa® Secured Platinum Credit Card report your account activity to credit bureaus?

Yes, Capital Bank Visa® Secured Platinum Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Capital Bank Visa® Secured Platinum Credit Card

• Visit the Capital Bank Visa® Secured Platinum Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.