Capital Bank Visa® Secured Platinum Credit Card
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| Purchase APR (Variable APR) |
21.24% (Verified 10/23/2022) |
| Balance Transfer APR (Variable APR) |
21.24% (Verified 10/23/2022) |
| Credit Score Range | 350 - 600 |
| Annual Fee | $29 |
Capital Bank Visa® Secured Platinum Credit Card Review
This is a secured credit card credit 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
| The Good | The Bad |
|---|---|
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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?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.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% .
Does Capital Bank Visa® Secured Platinum Credit Card have an intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers.Does Capital Bank Visa® Secured Platinum Credit Card have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Capital Bank Visa® Secured Platinum Credit Card?
The following fees apply:
- There is no overlimit fee
| Fees | Amount |
|---|---|
| Annual Fee | $29 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 1% |
| Returned Payment Fee | up to $40 |
| Late Payment Fee | up to $40 |
Does Capital Bank Visa® Secured Platinum Credit Card have a foreign transaction fee?
Capital Bank Visa® Secured Platinum Credit Card charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.What is the customer service phone number for Capital Bank Visa® Secured Platinum Credit Card?
The Capital Bank Visa® Secured Platinum Credit Card customer service number is (800) 836-3711.
What is the support contact email for Capital Bank Visa® Secured Platinum Credit Card?
The support contact email for Capital Bank Visa® Secured Platinum Credit Card is contactgroup@chemungcanal.com.
What is the Capital Bank Visa® Secured Platinum Credit Card login page?
You can access the Capital Bank Visa® Secured Platinum Credit Card login page here.
How do people rate the customer service and user experience of Capital Bank Visa® Secured Platinum Credit Card?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
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.
Contact
- Headquarters
-
132 State Streen
Albany, NY 12207 USA - (800) 836-3711
- Visit Site
- Email Support
Other Services by Capital Bank
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Cash Advance Fee Minimum | $5 |
| Cash Advance Fee (%) | Starting at 3% |
| Minimum Cash Advance Fee ($) | Starting at $5 |
| Foreign Currency Transaction Fee | 1% |
| Annual Fee | $29 |
| Minimum Interest Charge | $1 |
| Over-Limit Fee | $0 |
| No Interest Grace Period for Late Payment | 23 days |
| Returned Payment Fee | Up to $40 |
| Late Fee Amount | Up to $40 |
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