Difference Between Capital One Secured And Platinum

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1. Capital one secured is for people who want to build or rebuild credit. Capital one secure is for bad credit.

Capital one platinum is for people with limited credit history, who are consistent with payments and their credit score is in an upward trend.

2. Pros:

Capital One Secured

Capital One Platinum

Flexible security deposits

No annual fee

No Annual fee

No foreign transaction fee

No foreign transaction fee

Higher credit line after making your first 5 monthly payments on time

You don’t need perfect credit

 

Get access to a higher credit line after making your first 5 monthly payments on time.



 

3. Cons:

Capital One Secured

Capital One Platinum

No intro apr

No intro apr

No sign up bonus

No sign up bonus

No rewards

No rewards

Security deposit needed

 

4. 

 

Capital One Secured

Capital One Platinum

Annual Fee:

$0

$0

Regular Apr:

26.99% on purchase and balance transfer

26.99% on purchase and balance transfer

Balance Transfer Fee:

None

None

Foreign Transaction fee:

$0

$0

Cash Advance Apr:

26/.99%

26.99%

Cash advance fee:

3% Min $10

3% Min $10

Credit Needed:

Average or Bad

Average

Other Benefits:

Get access to a higher credit line after making your first 5 monthly payments on time.

Initial $200 credit line

CreditWise

24/7 Customer Service

$0 Fraud Liability

Card Lock

Security Alerts

Mobile app

Extended warantee

Travel Accident Insurance

CreditWise

24/7 Customer Service

$0 Fraud Liability

Card Lock

Security Alerts

Mobile app

Extended warantee

Travel Accident Insurance

 

$49, $99 or $200 refundable minimum security deposit needed. Initial credit line of $200

 

Capital One Secured Mastercard Review With Pro And Cons

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