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Capital One® Secured Mastercard® vs. Wells Fargo Secured Credit Card

Two secured credit cards for those with poor credit.

Megan Horner

Updated Jan 6, 2020

Fact checked

The Capital One® Secured Mastercard® has a $0 annual fee, while the Wells Fargo Secured Credit Card comes with a $25 annual fee. Both are secured credit cards for building credit, with no rewards program and no signup bonus.

Check out all other perks and features in the table below.

	Capital One® Secured Mastercard® Rates & Fees	Wells Fargo Secured Credit Card Rates & Fees
finder.com's rating
finder.com's rating	★★★★★ 4.4 / 5.0	★★★★★ 3.8 / 5.0
Best for
Best for	Growing your credit score and limit	Low annual fee for credit-building card
Welcome offer
Welcome offer	N/A	N/A
Rewards
Rewards	N/A	N/A
Purchase APR
Purchase APR	26.99% variable	20.49% variable
Annual fee
Annual fee	$0	$25
Balance transfer APR
Balance transfer APR	26.99% variable	20.49% variable
Cash advance
Cash advance	APR: 26.99% variable Fee: $10 or 3% of the transaction, whichever is greater	APR: 25.49% variable Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee	None	3% of each transaction or $3, whichever is greater
Late payment fee
Late payment fee	Up to $39	$37
Additional cardholder fee
Additional cardholder fee		$0
Interest-free period
Interest-free period	25 days	25 days
Minimum interest
Minimum interest	$0	$1
Minimum credit score
Minimum credit score	580	300
Card type
Card type	Credit	Credit
Learn more
Learn more

Summary of card features

Capital One® Secured Mastercard®

You'll pay no annual fee to use this card.
Depending on your credit, you may pay a security deposit as low as $49 and still get a $200 credit limit.
Make your first 5 monthly payments on time and Capital One will raise your credit limit.

Wells Fargo Secured Credit Card

Build credit with reporting to credit bureaus
Upgrade to an unsecured Wells Fargo card with responsible card use
US residency not required
$10,000 credit limit

Compare secured credit cards

Name	Minimum deposit required	Purchase APR	Annual fee	Recommended minimum credit score
OpenSky® Secured Visa® Credit Card	Starting at $200	17.39% variable	$35	300	Apply for this card with no credit check if you're new to credit or have bad credit.	Apply now View details	Compare	loading Fetching your data...
Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card	Starting at $200	0% intro for the first 6 months (then 12.99% variable)	$49	300	A rare secured card with a 0% intro APR on purchases for 6 months, followed by 12.99% variable.	Apply now View details	Compare	loading Fetching your data...
First Progress Platinum Elite MasterCard® Secured Credit Card	Starting at $200	19.99% variable	$29	300	Build your credit with all three major credit bureaus.	Apply now View details	Compare	loading Fetching your data...
Applied Bank® Secured Visa® Gold Preferred® Credit Card	Starting at $200	9.99% fixed	$48	300	No credit check is required for this secured card. Make a deposit of at least $200 to open this card and get a low 9.99% fixed APR on purchases.	Apply now View details	Compare	loading Fetching your data...
Self Visa® Credit Card	Starting at $100	21.74% variable	$25	300	Build your credit with a low minimum security deposit of $100 and no credit score required.	Apply now View details	Compare	loading Fetching your data...
First Progress Platinum Select MasterCard® Secured Credit Card	Starting at $200	13.99% variable	$39	300	No minimum credit score and no credit history required.	Apply now View details	Compare	loading Fetching your data...
First Progress Platinum Prestige Mastercard® Secured Credit Card	Starting at $200	9.99% variable	$49	300	Build or rebuild your credit with this secured card.	Apply now View details	Compare	loading Fetching your data...
CardMatch™ from creditcards.com	See terms	See issuer's website	See terms	300	Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.	See offer View details	Compare	loading Fetching your data...
PCB Secured Visa®	Starting at $200	18.9% fixed	$39	300	Choose your initial deposit amount and credit limit from $200 to $1000	View details	Compare	loading Fetching your data...

Compare up to 4 providers

Compare Capital One credit cards

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Megan Horner

Megan Horner is the credit cards publisher at Finder. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been spotlighted on Lifehacker, CreditCards.com, American Banker and featured on news broadcasts across the country.

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