Capital one prepaid credit card

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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.

Capital one prepaid credit card

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. No annual or hidden fees. Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed. Getting approved for any of the best credit cards is next to impossible if you have a bad credit score or no credit history at all. Fortunately, secured credit cards are an option for those with limited or poor credit. While they don't typically come loaded with benefits, they're a good stepping stone in your credit journey. With responsible use over time, you can potentially improve your credit score and qualify for better rewards credit cards in the future. The Capital One Platinum Secured Credit Card is one such card, and its standout feature is its relatively low minimum security deposit compared to similar cards.

And debit cards are usually connected to a checking account.

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. Be automatically considered for a higher credit line in as little as 6 months with no additional deposit.

January 30, 5 min read. Similar to a debit or credit card , prepaid cards can be used to make purchases. But unlike those cards, a prepaid card comes with a balance that acts as a spending limit. Like credit and traditional debit cards, prepaid debit cards can be a simple and safe alternative to carrying cash. Check for pre-approval offers with no risk to your credit score. You can use a prepaid card to make purchases or pay bills—the same way you would a credit card or debit card. But similar to a gift card , a prepaid card is loaded with money in advance. You might hear prepaid cards referred to as prepaid debit cards, prepaid credit cards, pay-as-you-go cards or stored-value cards. You can generally buy prepaid cards at banks or retail locations like grocery stores and drugstores.

Capital one prepaid credit card

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 He has also contributed to over of the leading personal finance and travel outlets. If you need to limit spending or use an alternative to bank accounts, the best prepaid cards available can help you with your goals.

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You can just about get a secured card anywhere you go nowadays. Money Calculators. With responsible card use, like making payments on time, you could earn back your deposit and upgrade to an unsecured Platinum card 1. Explore Capital One credit card benefits 5. Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available. Capital One reports your credit standing to the three major credit bureaus. 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. National Debt Relief. You can generally find prepaid cards at retailers, banks, credit unions, online or over the phone. Pay your bill, view your balance and transactions—even stay on top of your credit for free with CreditWise.

With responsible card use, you could earn your deposit back and upgrade to an unsecured Quicksilver card.

But with responsible use, a secured card could be part of helping you build your credit and work toward a better financial future. No authorized user fees. A secured card could help you: Gain experience using a credit card Access a line of credit when you need it Build your credit with responsible use, like paying your bill on time every month Work toward qualifying for an unsecured credit card. Receive help finding the nearest ATM when traveling. Pay for online purchases with virtual card numbers and keep your actual card number to yourself. Learn more about setting up Autopay. Both cards waive foreign transaction fees. It's especially true if you are a credit newcomer or you need to repair a bad credit score. This is done to protect a lending institution when the consumer it's lending to has little history to prove they are a reliable borrower. Show More. While there are some situations where prepaid cards might be helpful, they can come with certain disadvantages. More information Close.