Capital one prepaid credit card

With responsible card use, you could earn your deposit back and upgrade to an unsecured Quicksilver card. No foreign transaction fees. No replacement card fees. No authorized user fees.

Our experts answer readers' credit card questions and write unbiased product reviews here's how we assess credit cards. In some cases, we receive a commission from our partners ; however, our opinions are our own. Terms apply to offers listed on this page. The Capital One Platinum Secured Credit Card is a good choice for folks who are new to credit or rebuilding their credit score. Because it's a secured credit card, you'll have to put down a security deposit — but its minimum deposit is lower than that of many similar cards.

Capital one prepaid credit card

October 31, 4 min read. While the two have similarities, only secured credit cards can affect your credit and help you build credit when used responsibly. Keep reading to see how else these cards are different. Explore our Platinum Secured and Quicksilver Secured cards for building credit. Prepaid cards, also known as reloadable cards, require you to pay money up front. That money goes on the card, which can be used to make purchases. You can generally find prepaid cards at retailers, banks, credit unions, online or over the phone. But unlike credit cards, if a prepaid card is lost or stolen, you might not be protected. A secured credit card is a line of credit that requires a security deposit, and then you can use it as you would a traditional or unsecured credit card. The security deposit acts as collateral to open the line of credit.

All other card terms and features will remain the same. Learn more about virtual card numbers. No Hidden Fees No foreign transaction fees.

It's especially true if you are a credit newcomer or you need to repair a bad credit score. Below, Select breaks down the rewards, benefits and fees associated with the Capital One Secured to help you decide if it's the right card for you. See rates and fees , terms apply. Traditionally, secured credit cards are for people who have no credit history or need to repair their credit score. The limits for secured credit cards are determined by the amount of money a cardholder puts down as a deposit.

The offers that appear on this site are from companies from which Bankrate. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval, also impact how and where products appear on this site. Ryan Noonan is a former writer for Bankrate and CreditCards. Tracy Stewart is a personal finance writer specializing in credit card loyalty programs, travel benefits, and consumer protections. Jason Steele is a professional journalist and credit card expert who has been contributing to online publications since He was one of the original contributors to The Points Guy, and his work has been appearing there since

Capital one prepaid credit card

With responsible card use, you could earn your deposit back and upgrade to an unsecured Quicksilver card. No foreign transaction fees. No replacement card fees. No authorized user fees. Just the card you need with no unwanted surprises.

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The team also works to minimize risk for partners by making sure language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Personal Loans for Bad credit. See rates and fees. Free Credit Scores : How to get yours? Copy Link. There's also a clear timeline for when you can upgrade to an unsecured card: Starting at seven months from account opening, Discover will automatically review your credit card account to see if they can transition you to an unsecured line of credit and return your deposit. Monthly rent or mortgage payment. Read our editorial standards. No replacement card fees. How does the security deposit work? So to use one, money has to be loaded onto the card. Credit Cards Angle down icon An icon in the shape of an angle pointing down. Security Alerts.

January 30, 5 min read. Similar to a debit or credit card , prepaid cards can be used to make purchases.

Business Cards. How does the Capital One Platinum Secured card improve my credit score? With responsible use over time, you can potentially improve your credit score and qualify for better rewards credit cards in the future. While you can apply for this card without any credit history, there is no clear timeline for when consumers will become eligible for an unsecured credit card. Your card status will be regularly reported to the three major credit bureaus. By using your card responsibly and making on-time payments, you may be able to improve your credit score and be considered for a credit line increase in as little as six months. Access your favorite topics in a personalized feed while you're on the go. The cards come with either a set available balance or an option to load money onto the card. Similar to a debit or credit card , prepaid cards can be used to make purchases. Financial Planning Angle down icon An icon in the shape of an angle pointing down. Your personal information and data are protected with bit encryption. Cards for Fair Credit.