Capital One Secured Mastercard

Helping customers build or rebuild their credit scores, the Capital One Secured Mastercard may be one of the safest credit cards out there.

 

 

Contents of the Article: 

 

  • What is Capital One? 
  • What is the Capital One Secured Mastercard? 
  • Why Capital One Secured Mastercard? 

 

What is Capital One? 

 

Capital One is an American bank holding company that began only offering financial services regarding credit cards. Now, the company also provides consumer banking and commercial banking. Nevertheless, Capital One still earns most of its revenue from credit cards, issuing cards to locations outside the United States like Canada and the United Kingdom.  

 

What is the Capital One Secured Mastercard? 

 

As one of the largest credit card companies, Capital One offers Visas and Mastercard options. The Capital One Secured Mastercard requires the issuer to deposit money or make a refundable security deposit before opening an account. And your credit limit essentially depends on the amount you deposit. For instance, the issuer is required to deposit either $49 or $99 for a $200 credit line. 

 

Why Capital One Secured Mastercard? 

 

If you plan on rebuilding or building your credit score, this is a good option for you. All you have to do is responsibly pay the minimum amount monthly and avoid both late and missed payments.


Benefits include: 

 

Account Alerts

You can customize reminders to help you manage your account responsibly through email or SMS.

 

Supervise Transactions

You are able to monitor charges to your card 24/7 by logging into your Capital One account.

 

Autopay

You can make automatic payments through your card by setting up Autopay.

 

Add an Authorized User

Once you add another authorized user to your account, you can oversee his/ her transactions. 

 

Balance Transfer

You can avoid paying high-rate charges when transferring money onto your card. 

 

Customer Service

Representatives are available to help you resolve issues or answer your inquiries 24 hours a day.

 

Consideration for Higher Credit Line

You get automatically considered for a higher credit line after six months.

Reference: 

 

https://www.capitalone.com/ 

https://www.capitalone.com/about/corporate-information/our-company/ 

https://www.capitalone.com/about/ 

https://www.youtube.com/watch?v=yJ3PIN5wox4 

https://www.youtube.com/watch?v=Z1MDSeEObbM 

https://www.investopedia.com/articles/markets/101415/how-capital-one-makes-its-profits.asp 

https://www.capitalone.com/learn-grow/money-management/how-secured-credit-cards-work/ 

https://www.capitalone.com/credit-cards/balance-transfer/