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

Two secured credit cards for those with poor credit.

Updated

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®

Capital One® Secured Mastercard®

Rates & Fees

Wells Fargo Secured Credit Card

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®

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

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 Product Filter values 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.
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.
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.
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.
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.
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Compare up to 4 providers

Compare Capital One credit cards

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