Do you get your deposit back from Capital One
To get your security deposit back you must pay off your account balance in full, and then close the card.
Your security deposit will then be refunded to you.
If you don’t pay off your balance before closing the card, Capital One will use that deposit to pay off your card balance, before returning the remainder to you.
Do I get my deposit back from a secured credit card
Reality: The security deposit on your secured credit card is fully refundable — you will get your security deposit money back, so long as you pay your balance in full. With the Discover it® Secured card, you also will get your security deposit back once you “graduate” to an unsecured credit card.
How long does it take to get your Capital One secured credit card
You should get your Capital One Secured Credit Card in the mail within 2-3 weeks of paying your refundable security deposit. The card will be sent to you immediately after you pay the deposit. If you need your card faster, you can pay $16 for expedited shipping and get it in 2-3 business days.
How long does it take Capital One to report
Capital One reporting timeline. Capital One usually reports to the credit bureaus 3 days after the closing statement. Unlike other credit card companies, they do not immediately report a new balance of 0. If you need your balances to show 0, plan 3 days ahead of your closing statement.