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Capital One Platinum Secured vs BofA Customized Cash Rewards Secured

Not credit advice. Facts and math from issuer pages and the CFPB, each with its date. Offers change; approval depends on your credit. Verify on the issuer's site.

Rubric: Capital One Platinum Secured leads by 4.3 pts. Scores: Capital One Platinum Secured 47.7%, BofA Customized Cash Rewards Secured 43.4%.

At a sample $1,920/month (groceries $500, dining $300, gas $150, travel $150, online $200, other $400 …): Capital One Platinum Secured nets $0/yr, BofA Customized Cash Rewards Secured nets $362/yr after annual fees. Use your own numbers →

Criterion scores (0–10)

Annual feeSecured: 10.0 · Secured: 10.0
Rewards rateSecured: 0.0 · Secured: 5.0
Sign-up bonusSecured: 0.0 · Secured: 0.0
Intro 0% APRSecured: 0.0 · Secured: 0.0
Regular APRSecured: 3.4 · Secured: 4.4
Foreign transaction feeSecured: 10.0 · Secured: 3.0
Regulatory record (CFPB)Secured: 10.0 · Secured: 8.0

Capital One Platinum Secured

IssuerCapital One
Typesecured
Annual fee$0 capitalone.com, 2026-10-11
Regular purchase APR29.24% variable capitalone.com, 2026-10-11
RewardsNo rewards program capitalone.com, 2026-10-11
Sign-up bonus (≈$)$0 No sign-up bonus; refundable deposit $49, $99 or $200 capitalone.com, 2026-10-11
Intro APRnone No intro APR offer shown capitalone.com, 2026-10-11
Foreign transaction feenone capitalone.com, 2026-10-11
Penalty APRnone No penalty APR appears in the issuer's CFPB-filed agreement (only penalty fees are listed) consumerfinance.gov, 2026-06-30
Late feeup to $40 up to; Up to $29.00 for first late fee. files.consumerfinance.gov, 2025-12-31
Balance transfer feenot found files.consumerfinance.gov, 2025-12-31
Cash advance fee5% files.consumerfinance.gov, 2025-12-31
Credit neededRebuilding capitalone.com, 2026-10-11
Grace period25 days files.consumerfinance.gov, 2025-12-31
Cash advance APR29.74% files.consumerfinance.gov, 2025-12-31
CFPB survey APR (2025-12-31)29.49%–29.74% files.consumerfinance.gov, 2025-12-31 older; issuer figure above is newer

BofA Customized Cash Rewards Secured

IssuerBank of America
Typesecured
Annual fee$0 bankofamerica.com, 2026-10-12
Regular purchase APR27.49%–28.24% variable files.consumerfinance.gov, 2025-12-31
Rewards1% base; 2% groceries (to $10,000/yr); 3% choice of gas/online/dining/travel bankofamerica.com, 2026-10-12
Sign-up bonus (≈$)$0 Secured cards not eligible for a new-account bonus (issuer page) bankofamerica.com, 2026-10-12
Intro APRnone No intro APR shown bankofamerica.com, 2026-10-12
Foreign transaction fee3% files.consumerfinance.gov, 2025-12-31
Penalty APRup to 29.99% up to; per BofA agreement consumerfinance.gov, 2026-06-30
Late feeup to $40 up to (first and repeat late fee) files.consumerfinance.gov, 2025-12-31
Balance transfer fee4% files.consumerfinance.gov, 2025-12-31
Cash advance fee5% files.consumerfinance.gov, 2025-12-31
Credit needed≤619, 620–719 (CFPB TCCP targeted tiers) files.consumerfinance.gov, 2025-12-31
Grace period25 days files.consumerfinance.gov, 2025-12-31
Cash advance APR29.24% files.consumerfinance.gov, 2025-12-31

Downsides

Capital One Platinum Secured47.7%
Capital One · secured
Annual fee $0APR 29.24% variableRewards No rewards programCredit Rebuilding
⚠ APR up to 29.24% if you carry a balance · Late fee up to $40
BofA Customized Cash Rewards Secured43.4%
Bank of America · secured
Annual fee $0APR 27.49%–28.24% variableRewards 1% base; 2% groceries (to $10,000/yr); 3% choice of gas/online/dining/travelCredit ≤619, 620–719 (CFPB TCCP targeted tiers)
⚠ 3% foreign transaction fee · APR up to 28.24% if you carry a balance · Penalty APR up to 29.99%

No paid placement. No issuer pays VaultRubric for inclusion or rank; links go to the issuer's own page. Ranks come only from the published rubric below.

FAQ

Which is better, Capital One Platinum Secured or BofA Customized Cash Rewards Secured?

On VaultRubric's rubric: Capital One Platinum Secured scores higher. The better card for you depends on where you spend; the calculator shows net value for your spending.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.