Check out details about Capital One Platinum Secured and request yours now

If you want a good credit card to build your name or to have an easier time accessing purchases, the Capital One Platinum Secured is an excellent option that will provide what you need. 

With the assurance of quick approval and being a secured card, where you make a deposit for the credit limit guarantee, the card is the right choice for those who want to have more immediate credit. 

Follow our article and see more details about the Capital One Platinum Secured. Along with a step-by-step guide to get yours, check out!

 

Learn about the positive points of Capital One Platinum Secured

The Capital One Platinum Secured Credit Card has a series of advantages that will ensure you have everything you need when using it. See what you can enjoy with this credit card:

Account Management

The Capital One Platinum Secured Credit Card offers a variety of account management features that can help cardholders track their usage and expenses. These features include:

• Capital One mobile app: The Capital One mobile app allows cardholders to view their balance, transaction history, and bills. It also allows cardholders to make payments, request credit limit increases, and lock their card.
• Capital One online portal: The Capital One online portal offers the same features as the mobile app, plus additional tools such as credit reports and budgeting tools.
• Email and SMS notifications: Capital One sends email and SMS notifications to cardholders about important account activities, such as purchases, payments, and changes in credit limits.

These features can help cardholders keep track of their credit usage and avoid late payments.

Protection

The Capital One Platinum Secured Credit Card offers various protection measures to safeguard cardholders against fraud and financial losses.

These features include fraud coverage, where Capital One reimburses the cardholder for fraudulent purchases.

Additionally, there is Purchase Protection, which provides reimbursement to the cardholder in cases of theft or damage within the first 120 days after purchase.

Price Protection is another advantage, allowing the cardholder to be reimbursed for the price difference if they find the same item for a lower price elsewhere within the first 60 days after purchase.

These functionalities are designed to provide security and peace of mind to card users.

Digital Services and Apps

The Capital One Platinum Secured Credit Card offers a variety of digital services and apps aimed at enhancing the cardholders’ experience.

Among these services, contactless payment support stands out, allowing users to make transactions by simply tapping the card on the payment terminal.

Additionally, the Capital One mobile app enables sending money to friends and family, providing a convenient solution for financial transfers.

To keep track of and redeem card rewards, cardholders have access to a dedicated app that allows tracking and redeeming benefits for products and services. 

These features have been developed to make using the Capital One Platinum Secured Credit Card easier and more convenient.

General Benefits

The Capital One Platinum Secured Credit Card does not offer specific travel benefits. 

However, the card provides a variety of general benefits that can be useful for travelers, including:

• Fraud protection: Capital One’s fraud coverage can help protect cardholders from financial losses if their purchases are used to make fraudulent travel reservations.
• Price protection: Capital One’s price protection can help cardholders find the best deals on airfare and hotels.
• Digital services and apps: Capital One’s digital services and apps can facilitate travel bookings and expense management.

 

What is the security deposit on a credit card?

The security deposit for the Capital One Platinum Secured Credit Card refers to the amount of money the cardholder needs to deposit with the issuer before receiving the card. 

This amount serves as collateral for the credit limit associated with the card.

Credit cards with security deposits are an advantageous option for those looking to build or rebuild their credit history. 

These cards play a crucial role in increasing the cardholder’s credit limit, demonstrating their ability to use credit responsibly.

Typically, the amount of the security deposit equals the desired credit limit. For example, if a cardholder desires a credit limit of $1,000, they will need to make a security deposit equivalent to that amount.

The card issuer holds the security deposit until the account is closed or the credit limit is increased. 

If the cardholder uses the card responsibly, making payments on time, the security deposit will be refunded.

The benefits of using the Capital One Platinum Secured Credit Card with a security deposit include:

• Increased credit limit: The security deposit contributes to an increase in the cardholder’s credit limit, making it a useful tool for those building or rebuilding their credit history.
• Building credit history: Responsible use of this type of card helps build a positive credit history, which can result in lower interest rates and easier approvals for other types of credit.
• Fraud protection: Cards with security deposits often offer fraud coverage, providing an additional layer of financial security if the account is compromised.

 

Learn more about fees

The fees for the Capital One Platinum Secured are as follows:

• Annual Fee: $0
• Annual Percentage Rate (APR): 30.74% (variable)

This is the interest rate that will be charged on the remaining balance of your bill if you do not pay it in full by the due date.

• Foreign Transaction Fee: 3% of the transaction amount.
• Cash Advance Fee: 3% of the cash advance amount, but not less than $10.
• Returned Payment Fee: $15.

 

How do I apply for my Capital One Platinum Secured?

See now the process to get your Capital One Platinum Secured Credit Card very quickly.

• Access the Capital One Platinum Secured Credit Card page.
• Choose the “Apply Now” button.
• On the next page, you should fill in your personal information.
• Then, fill in your contact information.
• Continue with the form by providing financial information.
• Check the boxes agreeing to the terms.
• Review the information.
• Submit it to the company for evaluation to see if you can get the card approved.
• Wait for approval and receive the card at your home.

Liked learning about the benefits of the Capital One Platinum Secured Credit Card? Request yours and take advantage of better benefits for your daily life.

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Useful information

This content was produced in January 2024. In case of updates or changes to services and conditions, please contact the responsible bank.

Contact methods:

Call Capital One at  1-877-383-4802