Review: Is the Capital One Platinum Secured Credit Card the Best Credit Card for You? However, there are other secured credit cards that earn rewards and offer more perks, including the Capital One Quicksilver Secured Cash Rewards Credit Card and Discover it® Secured Credit Card. How the Capital One Platinum Secured Credit Card WorksSecured credit cards like the Capital One Platinum Secured Credit Card require you to put down a security deposit, which effectively acts as collateral against your credit line. Capital One Platinum Secured Credit Card Benefits and FeaturesThe Capital One Platinum Secured Credit Card is fairly bare bones when it comes to additional perks, but it does offer a few handy benefits. Compare Capital One Platinum Secured vs Other Capital One Cards for Building CreditCapital One Platinum Secured Credit Card Capital One Quicksilver Secured Cash Rewards Credit Card Capital One Platinum Credit Card Annual fee $0 $0 $0 Minimum security deposit $49, $99, or $200 $200 N/A Rewards rate N/A 5% cash back on hotels and car rentals booked through Capital One Travel 1.5% cash back on all other eligible purchases N/A Card benefits No foreign transaction fees Automatic consideration for credit line increases Refundable security deposit No foreign transaction fees Automatic consideration for credit line increases Refundable security deposit No foreign transaction fees Automatic consideration for credit line increases Refundable security deposit Review Capital One Quicksilver Secured card review Capital One Platinum card reviewCapital One Platinum Secured vs Other Secured Credit CardsCapital One Platinum Secured Credit Card Discover it® Secured Credit Card U.S. Bank Cash+® Visa® Secured Card Annual fee $0 $0 $0 Minimum security deposit $49, $99, or $200 $200 $300 Rewards rate N/A 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter (then 1%) 1% cash back on all other purchases with no limit 5% cash back in two eligible categories of your choice, on up to $2,000 in combined spending each quarter (then 1%)* 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center 2% cash back at grocery stores, gas stations, EV charging stations, or restaurants 1% cash back on all other eligible purchases Card benefits No foreign transaction fees Automatic consideration for credit line increases Refundable security deposit No foreign transaction fees Automatic consideration for credit line increases Refundable security deposit Refundable security deposit Review Discover it Secured card review*5% cash back category choices on the U.S. Bank Cash+® Visa® Secured Card are fast food, home utilities, TV, internet, and streaming services, department stores, electronic stores, cell phone providers, sporting goods stores, furniture stores, movie theaters, gyms and fitness centers, ground transportation, and select clothing storesCapital One Platinum Secured Credit Card Frequently Asked Questions (FAQ)Is the Capital One Platinum a secured credit card?

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