Capital One Platinum Secured Credit Card vs. Citi® Secured Mastercard®: Which Is Best for You?

If your credit score is less than perfect and you’re interested in a secured credit card, you may consider either the Capital One Platinum Secured or Citi® Secured Mastercard® for your wallet. MoneyGeek has compared both these cards to help you understand which one is better for your credit needs.

Advertising & Editorial DisclosureLast Updated: 11/6/2022
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Last Updated: 11/6/2022

The Capital One Secured MasterCard and Citi Secured MasterCard offer credit to the users even if they have limited or no credit history.

In this Capital One Secured MasterCard vs Citi Secured MasterCard comparison, we compare the cards features to help you make the best decision for you. For instance, the credit limit on the Capital One Secured MasterCard varies from $200 to a maximum of $1,000, while the Citi Secured MasterCard provides a credit limit up to $2,500.

Comparison Overview: Capital One Platinum Secured Credit Card vs. Citi® Secured Mastercard®

  • Capital One Platinum Secured Credit Card
    Citi® Secured Mastercard®
  • Has Annual Fee
  • Security Deposit Required
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  • Has Rewarding Welcome Offer
  • Has APR Offer
  • Has Balance Transfer Fee
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Capital One Platinum Secured Credit Card At a Glance

The Capital One Secured MasterCard has a $200 initial credit limit upon the minimum security deposit. The deposit is refundable once you close the card with a zero balance.

You can increase the credit limit by increasing your deposit, with a maximum deposit of $1,000. And if you run into a snag paying your bill, Capital One provides a grace period of 25 days.

The card is unique as you can increase the credit limit of $1,000 within just six months by making timely payments.

It also comes with $0 fraud liability in case your card is lost or stolen and no foreign transaction fees on purchases made outside the U.S.


  • Capital One Platinum Secured Credit Card

    Best secured card for building credit on a budget


    • Limited – BadRecommended Credit
    • $0Annual Fee
    • $49Min. Security Deposit
    • 3# of Reporting Bureaus
    • 28.49% VariableAPR

    Terms, rates and fees apply

    Compare this credit card with other top-rated secure cards from our partners.

Citi® Secured Mastercard® At a Glance

The Citi Secured MasterCard has a minimum security deposit requirement of $200 and offers a credit limit ranging from $200 up to $2,500. There is no annual fee, however, the security deposit needs to be in the account within 14 days. The Citi Secured MasterCard reports to all three major credit bureaus, which can help you build your credit easily if you use the credit card responsibly.


  • Citi® Secured Mastercard®

    Best credit card for building credit with no or limited credit history


    • None-PoorRecommended Credit
    • $0Annual Fee
    • $200Min. Security Deposit
    • 3# of Reporting Bureaus
    • 26.24% VariableAPR

    Terms, rates and fees apply

    Compare this credit card with other cards that are great for people with bad to limited credit.

Comparison Summary

To help you decide which secured card is better for you, we have made this detailed difference between the Capital One Secured MasterCard and the Citi Secured MasterCard.

  • Card Detail
    Comparison Summary
  • Credit Limit

    The Capital One Secured MasterCard offers an initial credit limit up to $200.

    The Citi Secured MasterCard offers a credit limit of up to $2,500 if you pay the minimum security deposit.

    Winner: Citi Secured MasterCard

  • Security Deposit

    The minimum security deposit for Capital One Secured MasterCard is $49. You can increase the security deposit to either $99 or $200.

    The Citi Secured MasterCard asks for a minimum deposit of $200 which needs to be paid within 14 days from opening the account.

    Winner: Capital One Secured MasterCard

  • Increase of Credit Limit

    The Capital One Secured MasterCard credit limit can be increased within six months if you pay your bills on time.

    Increasing the credit limit on the Citi Secured MasterCard is a bit tricky where you need to keep on building your credit to reach a higher credit limit.

    Winner: Capital One Secured MasterCard

  • APR

    Capital One Secured MasterCard charges a 26.99% variable APR.

    Citi Secured MasterCard has a 22.49% variable APR.

    Winner: Citi Secured MasterCard

Which Card Should You Get?

Choosing the best card for you largely depends on your own financial needs. You must evaluate your needs when deciding between the Capital One Secured MasterCard and the Citi Secured MasterCard.

Who Should Consider the Capital One Platinum Secured Credit Card?

Getting a credit card with a poor credit score or limited credit history can be tough, however, with the Capital One Secured Mastercard, you do not have to worry about your credit score.

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    Individuals with limited credit history or poor credit score

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    Also for people who travel frequently since there are no foreign transaction fees.

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Who Should Consider the Citi® Secured Mastercard®?

The Citi Secured MasterCard provides a higher credit limit compared to other secured credit cards, ranging between $200 to $2,500. This card can be suitable for:

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    People with no credit history. If this is your first credit card, this card can help you build your credit history and raise your credit score.

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    For people who want to make larger purchases since the card offers up to a $2,500 credit line.

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EXPERT OPINION

The Citi® Secured Mastercard® is the better option as it comes with a much larger credit line. However, if you make purchases outside the U.S., the Capital One Secured Mastercard will likely be the better option.

Regardless of which card you choose, be sure to make it a priority to raise your credit score. The faster you get your credit score up, the sooner you can have an unsecured credit card.

Other Helpful Decision-Making FAQs

To help you choose between the best secured credit cards, MoneyGeek has answered some of the most commonly asked questions while comparing Capital One Secured MasterCard with Citi Secured MasterCard.

Still Not Sure About These Cards? Consider These Options

The Capital One Secured MasterCard and Citi Secured MasterCard are two solid secured credit cards.. However, there are other secured credit cards as well which you can compare to choose the most suitable one for yourself.

Learn more about credit cards in general

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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
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