Best Credit Card for Building Credit

Capital One® Secured Mastercard®

Capital One® Secured Mastercard®

Learn More
On the CreditCards.com Secure Website
  • Can get an initial credit line with a deposit of as little as $49
  • Can get a higher credit line with no additional deposit required
  • No annual fee
Card attributes
  • Variable APR
    24.99%
  • Cash Advance APR
    24.99%
  • Rewards Rate
    n/a
  • Annual Fee
    $0
  • Intro APR
    n/a
  • Bonus Offers
    n/a
Highlights
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card accepted at millions of locations worldwide
 

Our Detailed Review

  • Requires a security deposit
  • Doesn't offer rewards
  • Has a high APR
Details

Application Process: Use Capital One's prequalification tool to gauge your chances of getting approved. Then apply online and get a response within 60 seconds.

Rewards: None.

Bonus Offers: None.

APR: 24.99% variable.

Annual Fee: $0.

 

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