Capital One Platinum Secured Credit Card
Great for a lower security deposit
Annual Fee: $0
This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.
Here’s the average credit limit of members who matched their Capital One Platinum Secured Credit Card or similar cards.
% of members by credit limit range
The average credit limit for members who have matched with this card or similar cards is $2,437, with $300 being the most common.
Here’s the average credit score of members who matched their Capital One Platinum Secured Credit Card or similar cards.
% of members by credit score range
The average credit score for members who have matched with this card or similar cards is 614, with 572 being the most common. Note this is just one of the deciding factors when it comes to getting approved.
Member stats
Updated daily
50.2%
Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.
40 years
Average age of members who matched this card or similar cards.
$69,159
Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.
Member reviews
Most helpful positive review
September 11, 2022
Best decision I ever made.
— Credit Karma Member
I applied for my Capital One Secured Credit Card at the advice of Credit Karma. I was instantly approved and put down a $99 deposit for a $200 credit limit. I've used the card regularly and pay it in full every month. 6 months later my limit was automatically increased to $500. I still use it only for items I know I can immediately pay off and not carry over a balance. This has helped build my score up enough that I applied for a card with another company and got instantly approved for a $8K limit. My credit score has increased quite fast in the last 8 months and it's all thanks to my Capital One Secured Card! I can't wait until it graduates to unsecured. I highly recommend this as a way to start up or re-start your credit. Just be responsible with it and it will help you in the long run.
Most helpful negative review
December 8, 2023
Complete Disaster
— Credit Karma Member
I would most definitely not recommend this card I'm not sure what's going on with Capital One they used to allow you to make payments with a debit card but now everything comes out ACH and a completely slows down the process I use my card and paid it off every month but for some reason they would put a 10-day hold on my payment and then claim it was because I made too big of a payment so they would need to verify the funds were in the account but it would clear in my bank account but then they would not give me available credit for 10 days I personally feel it was Capital one's way of holding on to my money and not allowing me to use the card in addition to that after a while they just closed my account said I violated their terms of use but I don't know how using the card and paying your bill every month can be violating the terms of use I would definitely not recommend this card please turn around and run away as fast as you can.