Capital One Secured Credit Cards Why Are They So Attractive

Capital 1 secured credit score cards have broken the mold when it comes to secured credit score cards. Rather of ridiculous processing charges and yearly expenses, Capital 1 secured credit score cards provide credit score-bruised customers with very acceptable interest rates and perks that other secured credit score cards would not ever consider of providing.

The Interest Issue

You’d think that due to the fact secured credit score cards are backed by income you deposit into an account, the interest rates would be affordable. Sadly, several of the businesses that offer secured credit score cards could care significantly less how significantly funds you have guaranteeing your account — they nevertheless charge an arm and a leg for interest.

Unlike several other secured credit cards, Capital One secured credit score cards really have really sensible interest rates. In contrast to numerous other secured credit score cards, you won’t pay out a ridiculous interest price of 20 percent or a lot more when you have a Capital One particular secured credit card.

The Application Charge

It’s not uncommon for companies offering secured credit cards to charge an application fee. Of course, you usually are only charged this fee if you happen to be accepted (and if the business is legitimate, they put the fee on the credit score card they are issuing you). However, why shell out an application charge for other secured credit score cards when Capital A single secured credit cards have no application charge connected?

The Credit Restrict

When it comes to secured credit cards, the credit restrict you’re accepted for genuinely depends on the volume you deposit into your secured account.

Whilst many secured credit score cards provide the ability to get a limit for a thousand bucks or far more, Capital One particular secured credit score cards have an first credit restrict of $400. This is, nonetheless, for your personal excellent. Capital One secured credit score cards are intended to support you rebuild your credit score. In purchase to do that, you need to consider it a single tiny step at a time.

So now that you know how significantly credit you can get with a Capital 1 secured credit score card, you are possibly asking yourself what the minimal deposit quantity is to open one particular. In contrast to most secured credit score cards, Capital One particular secured credit cards don’t need a couple of hundred bucks to open your account. In fact, you can deposit as minor as $49 when opening your Capital A single secured credit card.


Applying for Capital One secured credit cards is a small different than the other secured credit score cards on the marketplace.

As a substitute of applying for a secured card straight, you ought to consider applying for their normal, unsecured credit card. Several folks who feel they will not qualify for an unsecured Capital One particular card actually do. If, however, you do not qualify for the unsecured, Capital One particular with supply you the secured credit score card solution.

If you are critical about obtaining a secured credit card and rebuilding your credit, you can’t go wrong with Capital 1. Due to their reduced interest charges, potential perks and lack of an application charge, Capital One secured credit score cards are basically changing the way consumers feel about secured credit score cards.

27 Responses to “Capital One Secured Credit Cards Why Are They So Attractive”

  1. Sherlyn 8 February 2013 at 8:04 pm Permalink

    I am presently used overseas. my real question is must take time from soccer practice to return overseas like a contractor and save $100,000 to create myself up, or must i go back home make use of the gibe bill and visit school (aren’t effective) until I recieve my bachelor’s and move from there? Basically get it done by doing this, the second I might meet someone

    The most crucial items to me are family, then money, then travel, a good vehicle. that simply my character. I wish to spend some time with my aging parent, maybe possess some kids however i can’t do might be considered a contractor. Simultaneously I understand I must live existence for me personally.

    Listed here are my GOOD stats:

    * 26 yrs old attractive female, divorced (military marriage) no kids, single

    * 3 yrs Navy Reserves, 12 months active duty like a mil police. Wish to become a police officer.

    * 6 several weeks I’ll come with an Affiliates in GS.

    * 9,500 tax-free profit savings (military)

    *Veterans administration benefits for existence

    * 20 several weeks new GIB to make use of

    BAD stats:

    * no kids (desirably wish to have a household in next couple years)

    *personal bankruptcy/foreclosures (began youthful becoming an adult, learned from my mistakes)

    *720 credit rating has become a 535

    *incomplete degree. would like to get my bachelor’s in next 24 months

    *aging parent

    At some point I wish to get my masters, say I labored hard, affected many individuals making a positive change. I’ll spare the noble speech. I simply wanna be effective.

  2. Marnie 13 February 2013 at 11:08 am Permalink

    I am a university student without any credit (didn’t have a charge card) and also the Uncover card for college students looks appealing. I am just wondering basically is deserving of that, because certain areas may not accept it? I am talking about, I understand the places I shop most often (i.e. Amazon . do accept it. Do most groceries stores accept it? I’ve got a MasterCard (Debit) which i could be fine to make use of just just in case Uncover isn’t recognized, however the whole idea is that i can make use of the charge card to construct credit.


    Yeah, I most likely must have specified which i only want this for smallish purchases to repay entirely promptly, to construct a good credit score…. How small may be the borrowing limit likely to be?

    Just links C. looks interesting however i could not find lots of people who applied without previous credit or who requested the a student Uncover cards… Question, why had you been refused for that student Uncover card? I figured it does not require earnings which it’s intended for men and women without credit. And when I apply and am rejected, could it be harmful to my credit history?

  3. Lina 17 March 2013 at 7:01 pm Permalink

    Please produce courage and confidence to begin a little restaurant business of my very own..

  4. Shanda 18 March 2013 at 12:12 am Permalink

    Could it be necessary? Can One just skip the guaranteed charge card and go for the second? I’ve no credit rating.

  5. Libbie 18 March 2013 at 8:25 pm Permalink

    I wish to boost the limit 1000 dollars per month however i am looking for a guaranteed charge card that will permit me to carry on to include money. Once they produce the guaranteed account I’ll make use of the money to obtain another guaranteed card at another bank. Is the fact that advisable? I intend on saving $10,000 and making each of them to limit.

  6. Alexandra 19 April 2013 at 12:31 pm Permalink

    What’s the distinction between a guaranteed charge card along with a charge card?

    Could it be just the truth that I must send a cheque after i desire a guaranteed CC?


  7. Jacquline 20 April 2013 at 2:33 pm Permalink

    and the best idea guaranteed charge card?

  8. Olen 21 April 2013 at 1:59 am Permalink

    A friend is trying to rebuild her credit following a divorce. She’s obtaining a guaranteed charge card. Apparently, they’re just like a pre-compensated Visa/Mastercard? However, they’ve an insanely high rate of interest. Anyway, she explained that despite the fact that it’s “prepaid” they still need to perform a credit assessment. Regrettably, her credit is destroyed. Could she often be refused for any prepaid credit card? I’ve not heard about this and don’t know. Any ideas? She’s somewhat reluctant to use to many guaranteed companies just in case she will get refused, but she needs a card for problems.

    She was refused through her bank plus they don’t offer guaranteed cards or perhaps student cards there.

  9. Golden 24 April 2013 at 4:54 am Permalink

    I presently don’t have any credit after a couple of denials on charge cards, it appears a guaranteed charge card is my favorite option. I intend to pay my balance entirely each month to construct my credit. How lengthy after getting a guaranteed card compensated each month would I’ve adequate credit to obtain a better card without any deposit needed?

  10. Suellen 19 May 2013 at 5:12 am Permalink

    Once i requested a capital one guaranteed card plus they explained basically gave the a $99 deposit my limit would start at $300. Others say $300 will get a $300 limit. What guaranteed charge cards provide you with the most value for your money?

  11. Isaias 19 May 2013 at 7:32 pm Permalink

    Requested a Washington Mutual guaranteed charge card and located the $500 deposit was withdrawn from my bank account. Where did that cash go (aren’t able to find every other record from it) so when will i obtain the refund?

  12. Columbus 31 May 2013 at 6:57 pm Permalink

    I’ve got a guaranteed charge card having a security deposit. I wish to know if it’s protected from being grabbed with a judgment. I understand a normal checking account isn’t.

  13. Adrian 1 June 2013 at 2:16 am Permalink

    Just how much must i charge on my small guaranteed charge card for the greatest credit score?

    I’m able to replenish to $500 on my small guaranteed charge card and wish to understand how much must i charge on my small guaranteed charge card for the greatest credit score. I have to build credit since i got none.

    I’m going to be having to pay them back each month.

    I am wondering just how much I ought to charge on my small guaranteed charge card each month from my $500 maximum.

  14. Loise 5 June 2013 at 3:34 pm Permalink

    My home is Boston and my credit is extremely bad. I wish to rebuild my credit using a charge card sensibly. I understand I will not be accepted for a standard charge card so a guaranteed card is my only option there is however a lot of. Can anybody produce options of excellent guaranteed charge cards for somebody which has horrible credit ?

  15. Fidel 14 June 2013 at 11:49 am Permalink

    I am a university student and that i lately bought a guaranteed charge card. Within the last 5 several weeks of getting this card, I have compensated from the balance quickly after it turned up on my small credit statement (I personally use internet banking). But I wish to know if this sounds like the best way to construct credit, or must i leave an account balance and merely pay my minimum? Which works better at creating a greater credit rating. Help, any input is welcome, negative or positive.

  16. Irving 15 June 2013 at 10:08 am Permalink

    I am searching for a guaranteed charge card to make use of on special events and remove the balance monthly. What guaranteed charge card is the greatest option for staying away from hidden costs and clauses?

  17. Victoria 17 June 2013 at 12:53 am Permalink

    Yes, I’m wondering if a person will easily notice me:

    1. What’s the world visiting available to get declined for any guaranteed charge card?

    (FYI guaranteed charge cards are lines of credit which are a maximum of 100% of the needed security deposit for your requirements, essentially lending you your personal money for a small fee, a sizable fee usually. Which essentially means should you at their maximum your guaranteed card and did not pay just one bill they did not lose a cent regardless. It is a WIN-WIN for just about any bank that utilizes them.

    The only real reason to deny it – there’s pointless to deny it.

    LOL – Look whatsoever the “bankers” responding to this. I ought to have requested besides administrative costs (lol exactly what a joke) what will be the real reason behind these insane bankers to complete some stupid garbage like this. Please visit my rental vehicle publish for more proof of a messed up world.

  18. Warren 17 June 2013 at 1:02 am Permalink

    I had been refused a Guaranteed Charge Card by Wells Fargo, my credit rating is all about 546 I’ve got a 5,000 staying with you, I certainly is going to be searching to ascertain if other banks will allow me to, and when another bank will I’ll be taking my money else where. My primary real question is how do i build credit basically can’t obtain a guaranteed card using my very own money?

    I have compensated the only real factor which was negative on my small credit history. I am 29 years of age

  19. Thea 19 June 2013 at 8:26 am Permalink

    I’m considering guaranteed charge cards to assist rebuild my credit history and score. Do you know the best companies? I’d prefer low costs, firms that are accountable to the 3 credit reporting agencies, and when possible, individuals that won’t announce the card is guaranteed. Any details are appreciated.

  20. Hermila 19 June 2013 at 8:36 am Permalink

    I am searching to begin building credit, and Let me do that through getting a guaranteed charge card. So I am wondering which cards or brands have discounted prices for that time I am have to it. And if anybody could give some insight how the transition works from the guaranteed charge card to some regular charge card, that might be appreciated. Thanks ahead of time.

  21. Temple 23 June 2013 at 1:05 am Permalink

    I’m using for any guaranteed charge card after personal bankruptcy (because of hospital bills), Could it be to my benefit to get two or three guaranteed charge cards to construct history or just use one? I dont really want or need any financial loans/charge cards at this time and i’m large on having to pay cash but I have to rebuild my credit score. Will 2-3 guaranteed cards build my credit faster then 1 guaranteed card?

  22. Ernest 25 June 2013 at 2:58 am Permalink

    Obtaining a guaranteed charge card in my husband to assist build his credit. Minimum amount permitted to spread out is $300. I have heard that you ought to just use about ten to fifteenPercent of the borrowing limit to be able to strengthen your credit rating improve. Is the fact that true? Let’s say he stays his full $300 limit but pays promptly or early each month. Will that also help, or hinder his credit rating? I am a new comer to all this so any assistance is greatly appreciated!

  23. Sabina 26 June 2013 at 1:34 pm Permalink

    I am unable to obtain a unsecured charge card without having to pay absurd costs which are a lot more than 50% of my borrowing limit and want to construct my credit and so i thought basically had a guaranteed charge card but wish to make certain it reviews to any or all 3 does anybody are conscious of one which reviews to any or all 3 and wont rip me off?

  24. Shannon 26 June 2013 at 7:04 pm Permalink

    I am searching for methods to build credit, I haven’t got any established credit whatsoever. I bank with Wells Fargo and was considering maybe obtaining a guaranteed charge card together. What are the pitfalls to carrying this out? I honestly do not understand exactly how it operates if you have experience or info on this please share it beside me. I had been also wondering basically could maybe obtain a card having a store for example Victorias Secret, or can they not produce one due to my insufficient credit?

  25. Karl 27 June 2013 at 12:51 pm Permalink

    I have been considering obtaining a guaranteed charge card since i know it’s already essential-have for problems or when short on cash. And So I get SSI disability inspections for nearly two decades, and wondered whether it’s possible that i can obtain a guaranteed charge card. I have to do this to be able to establish my credit and employ it to pay for whatever outstanding financial obligations that might be owed with other people. How do you get yourself a guaranteed charge card during SSI?

  26. Darrell 3 July 2013 at 9:49 am Permalink

    I wish to obtain a guaranteed charge card but each time I’ve found one I love I hear plenty of bad stuff about this. So what are the guaranteed cards which have been a enjoyable experience for you personally?

  27. Milo 7 July 2013 at 11:42 am Permalink

    Searching to obtain a guaranteed charge card to improve my credit ratings, which of them are the most useful to make use of and which has really low costs?

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