Are you someone who have no or little credit history and need to build your credit? Are you looking for the most appropriate credit card that can help you with the maximum benefits? If yes, then you are required to dig a little in the credit card world and find the most suitable option for yourself.
The Capital One® Secured MasterCard® can be the right choice for you for many reasons. However, you should also look at the other side of the picture as well in order to identify if or not it is the best fit for your needs. Let’s see the benefits and features of this card and how you can apply for it.
The Positive Side
There are no processing or set up fee for the Capital One® Secured MasterCard®. This card reports to the 3 main credit bureaus. Hence, it permits you to easily build the credit history. There isn’t any initial security deposit, but it might increase the credit limit with no extra deposits, when you are using the credit in a responsible manner.
The Other Side
Secured cards are always a great choice for building the credit, but these cards normally come with the yearly fees. The necessity of the security deposit is also there and this is without the perks of rewards. If you want to enjoy the additional exciting perks, then you must need to use the card responsibly.
Features And Benefits To Look At
There are a number of features and benefits that make this card a great choice. For example, there is the fraud coverage, personalized payments, 24/7 customer service, extended warranty, auto rental insurance, travel accident insurance, 24/7 travel assistance, 24/7 roadside assistance, price protection, and more. For more information on the card, you can also visit their official website where the detailed information can be found on the card.
How To Apply For Capital One® Secured MasterCard®?
So, you have come that far and you have decided to apply for this credit card. The process is quite easy and you can do it online in a fast and convenient manner from your internet connected PC. Please follow the below mentioned instructions in order to apply for this card:
- Visit the official web page by following this link: www.capitalone.com/credit-cards/secured-mastercard.
- On this screen you’ll see the credit card image. Right below the card image, there will be an “Apply Now” button. You should click that button.
- You will be directed to a new webpage where you will see a 3 different form in a sequence demanding you to enter the information such as your personal information, additional information, and the important disclosures.
- Provide the information demanded, and then you need to click “CONTINUE TO REVIEW” button.
- Now, take a quick view of your card details. Make changes, if required, and then check the “electronic disclosure consent”. Finally, click the “SUBMIT APPLICATION” button.
Your application will be processed and you will be contacted through an email or by mail within 7 to 10 business days.