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  Capital Bank Visa® Secured Platinum Credit Card

Capital Bank Visa® Secured Platinum Credit Card

in Personal Credit Cards from Capital Bank

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Capital Bank Visa® Secured Platinum Credit Card

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in Personal Credit Cards from Capital Bank

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Highlights
Purchase APR  (Variable APR) 18.99%
Balance Transfer APR  (Variable APR) 18.99%
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. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 18.99%
  • 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 good approval odds.
Pros & Cons of Capital Bank Visa® Secured Platinum Credit Card
The Good The Bad
  • Multiple credit card perks.
  • Identity Theft Protection.
  • Travel accident insurance.
  • Considers applicants with fair or poor credit.
  • Capital Bank Visa® Secured Platinum Credit Card reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Charges an annual fee of $29
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Charges a 3% balance transfer fee, if you transfer the balance within 365 days of opening the account.
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. It has higher than average regular APRs.

It has a variable purchase APR of 18.99%. The card has a variable balance transfer APR of 18.99% . It also has a variable cash advance APR of 21.99% .

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
Capital Bank Visa® Secured Platinum Credit Card Fees
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.

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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • 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

Over-Limit Fee $0
No Interest Grace Period for Late Payment 23 days
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
Returned Payment Fee Up to $40
Late Fee Amount Up to $40
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Checking Account Required
Credit Score Range 350 - 600
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
  • Cellular Telephone Protection
  • Travel Accident Insurance
Rewards Type No Rewards
Security Deposit $300 - $5,000
Cash Advance APR (Variable APR) 21.99%
Balance Computation “Average Daily Balance (including new transactions).”
Credit Limit $300 - $5,000
Purchase APR (Variable APR) 18.99%
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer Fee Intro Period 365 days
Balance Transfer APR (Variable APR) 18.99%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 3%
Card Type
  • Secured
  • Bad Credit
Card Network Visa

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