Capital One Guaranteed Secured Mastercard® Review
The Bottom Line
Secured cards typically come with no rewards or benefits, even the ones with annual fees. This card has broken the norm and provides many great benefits to secured cardholders without any fees. So, if you are looking to get benefits with a secured card, this card is your best choice. The Capital One Guaranteed Secured Mastercard stands out as one of the better secured credit cards for building credit, particularly for those with limited or poor credit history. The card's biggest strength is its accessibility combined with genuine credit-building features at no annual cost, requiring only a $49-$200 refundable security deposit. What makes this card particularly valuable is Capital One's track record of automatically reviewing accounts for upgrades and credit increases after just six months, plus the "guaranteed" approval aspect that removes application uncertainty. However, this isn't a card for earning rewards or maximizing benefits - it's purely a credit-building tool with a high APR that makes it unsuitable for carrying balances.
on Capital One's website
Welcome Bonus
N/A
Rewards Rate
No Rewards
Annual Fee
$0
Interest Rates
29.9%□ / 29.9%□
RECOMMENDED CREDIT SCORE
Rewards
No Rewards on this card
Insurance
Coverage
Common Carrier Travel Accident Insurance
$250,000
Baggage Delay
$100/day up to 3 days.svg)
Car Rental Damage & Theft
Up to 31 days
Purchase Protection
120 days
Extended Warranty
double up to 2 years
Benefits
Details
Price Protection
60 days, Up to $100 per item, $500 per year
Eligibility
Credit Score
PoorAnnual Income
N/A
Welcome Bonus Details
Card Details
Interest Rates
Purchase APR
29.9%□
Cash Advance APR
29.9%□
Balance Transfer APR
29.9%□
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Poor
Type
Card Type
Secured Credit
Reward Type
None
Pros & Cons
Pros
- No annual fee
- Price protection
- Low entry barriers
- Credit building
- credit reporting
- Credit increase account reviews
- Decent insurance
Cons
- High APR
- No rewards
- Low initial credit limits
- Limited additional benefits
Capital One Guaranteed Secured Mastercard®
4.1
FinlyWealth Rating