A secured credit card requires the applicant to make a security deposit to open their account. This deposit serves to protect the card issuer and, in many cases, the amount you deposit becomes your credit limit.
Secured credit cards tend to be a good option for those looking to build or rebuild their credit. And with consistent, responsible use, you can improve your credit scores, earn back your security deposit* and become eligible for an unsecured credit card.
Unsecured credit cards are likely what you think of as a “typical" credit card—a revolving line of credit that does not require a security deposit.
*With a secured credit card from Capital One, your security deposit will be returned and your account unsecured. All other card terms and features will remain the same.
