Okay so you're researching Capital Onesecured credit card.

Duane here with how to build credit TV and in this videoI'm gonna talk to you about the Capital One secured credit card and I'm gonnagive you my opinion regarding this card.

I actually have two secured credit cardsat the moment.

I thought I had the Capital One secured credit card a whileback but it turns out that it was just a regular credit card with them that Ilater on upgraded to the savor card from Capital One.

So in this video I'm gonnatalk to you about the Capital One secured credit card but before we getstarted I have a quick message.

Once again my name is Duane with how tobuild credit TV this channel offers 100% free information about how to buildcredit, how to get cash back actual cash money from using credit cards, as well ascredit card reviews.

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alright now that we have all that awaylet's talk about the Capital One secured credit card.

This credit card I find tobe a very useful credit card especially if you want to get a secured credit cardbut you don't want to shell out more than $200.

The Capital One secured creditcard works this way, you basically put down 49 dollars 99 dollars or $200depending on your creditworthiness.

So when you apply for the card they'll letyou know if you need to deposit $49.

99, $99 or $200.

No matter what your deposit is your credit limit will initially be $200.

So for example if your deposit is $49then your credit limit will be $200.

If you're in deposit is $99 based on yourcredit worthiness your credit limit will still be $200.

If your deposit is $200based on your credit worthiness once again your limit will be $200.

Soinitially whatever your deposit is $49.

99, $99 or $200 your limit will be $200.

So it's different than most secured credit cards because you don't have topay exactly what your credit limit is goingto be.

So that's a good thing, another good thing about the capital securedcredit card is the fact that after five payments five monthly payments theyautomatically increase your credit limit.

And that is a very good thing it's goodfor your credit score.

It's good if you're trying to rebuild or even buildyour credit so I'm gonna jump on my laptop and we're gonna have a look atthe Capital One website so we can learn a little bit more about the Capital Onesecured credit card.

Give me one second and I'll jump on over to the website.

Okay so we're at the website here with the Capital One secured credit card andas you can see here it says credit level rebuilding.

This is a great credit cardit's a great secured card because first of all there is no annual fee and itworks a little different than a regular secured credit card in that you don'thave to deposit what you want your credit limit to be.

So let's go ahead andscroll down and have a look here.

Alright on the left it says required securitydeposit so that's 49 dollars 99 dollars or two hundred dollars.

And this isrefundable based on your credit worthiness.

So initially when you applyfor the card you're gonna fall into one of three categories you're gonna eitherbe $49 deposit $99 deposit or $200 deposit.

Regardless of what your depositis your initial credit line will be $200.

So if your deposit $49 your credit linesgonna be $200.

If your deposit is $99 your credit line is going to be $200.

Ifyour deposit is $200 your credit line is also going to be $200, so this one ispretty straightforward.

If you're lucky maybe you can just deposit the 49 bucksand have a $200 credit line which is a lot different than the standard securedcredit card where you'd have to put down what you want your credit limit to be.

Sothe Capital One secured credit card is different and maybe a little better alittle more budget-friendly for people that aren't able to put down 500 or1,000 dollars on a secured credit card.

Another thing that I like about theCapital One secured credit card is that after five payments, after making fivemonthly payments on time you automatically get access to a highercredit line.

So you don't have to call them they're automatically gonnaincrease your credit line which is very good.

It's good for your credit scoreit's good to help rebuild or even build your credit scorewhen you have a higher credit line.

So that's one of the things that theCapital One secured credit card does is after five payments they automaticallyincrease your credit line.

Another thing is that you canpersonalize your payment's.

It says you can pick your own monthly due date andpayment method whether it's a check, online or at a local branch.

So theCapital One secured credit card is actually providing a lot of value.

Thiswebsite spells everything out for you that you need to know.

There's a lot ofinformation here as I scroll down the site it talks about getting started ittalks about making your security deposit and it says once your deposit isreceived that your card you're gonna receive the card in two or three weeksokay.

And then there's a lot more information here that you can go throughwhenever you're ready to sign up for this card.

I'll go ahead and put the linkto this website at the bottom of this video it's just a regular link I don'tmake any money or anything if you click on the link and go get the Capital Onesecured credit card.

So that's pretty much it for this video guys I'll see youguys back in just one second.

Okay thanks for watching this video.

Once again our channel talks about everything you need to know about credit.

Whether you're looking to the established credit, build credit, rebuildcredit or learn more about the FICO score and how it is comprised so you canincrease your credit score.

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Once again thank you for watching until next time take care andbe blessed.

Peace!.