Capital One Secured Mastercard Review

Capital One Secured Mastercard is a secured credit card credit card issued by Capital One. If you're wondering whether Capital One Secured Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 26.99%
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• 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 and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The Good	The Bad
No annual fee. Multiple credit card perks. Considers applicants with fair or poor credit. No foreign transaction fee. Capital One Secured Mastercard reports to multiple credit bureaus.	Higher than average purchase APRs. Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Is there a Capital One Secured Mastercard cash back or rewards program?

No, Capital One Secured Mastercard does not offer a rewards program.

What are the Capital One Secured Mastercard benefits?

Capital One Secured Mastercard provides the following benefits:

• Reports to major credit bureaus

What are the relevant APRs for Capital One Secured Mastercard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Capital One Secured Mastercard has higher than average purchase APRs.

Capital One Secured Mastercard has a variable purchase APR of 26.99%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 26.99% .

What are the fees for Capital One Secured Mastercard?

The following fees apply to Capital One Secured Mastercard:

Capital One Secured Mastercard Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Late Payment Fee	up to $39

Does Capital One Secured Mastercard report your account activity to credit bureaus?

Yes, Capital One Secured Mastercard 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 One Secured Mastercard

• Visit the Capital One Secured Mastercard 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.