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Secured Credit Cards Offers

Secured credit cards are great for people with bad credit. By supplying the deposit to secure your card you gain the benefits and convenience of using a credit card without the fear of going into a debt. Most secured credit cards are accepted by vendors around the world and some cards offer rewards and features that make managing your card convenient. It is important to carefully review the terms and conditions before applying to ensure you select the right card for your lifestyle.
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Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

Capital One® Secured MasterCard® Credit Recommended: Limited, Bad

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 24.99% (Variable)
Annual Fee: $0
Application Processing Fee: See terms
Reporting to Credit Bureaus: Yes
Regular APR: 24.99% (Variable)
Annual Fee: $0
Application Processing Fee: See terms

Capital One® Secured MasterCard® Credit Recommended: Limited, Bad

Card details:

No annual fee, and all the credit building benefits with responsible card useUnlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureausYou will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness Show More
Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit neededEasily manage your account 24/7 with online access, by phone or using our mobile appIt’s a credit card accepted at millions of locations worldwide
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All your personal information will be protected

primor® Secured MasterCard Gold Card Credit Recommended: Poor/Limited/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 9.99% (Fixed)
Annual Fee: $49
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 9.99% (Fixed)
Annual Fee: $49
Application Processing Fee: N/A

primor® Secured MasterCard Gold Card Credit Recommended: Poor/Limited/No

Card details:

Low fixed interest rates with no penalty rate!Reports to all three nationwide credit bureaus.Fast, easy application process. Show More
No processing or application fees!Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more*See application for additional details.
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Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

primor® Secured MasterCard Classic Card Credit Recommended: Poor/Limited/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 13.99% (Fixed)
Annual Fee: $39
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 13.99% (Fixed)
Annual Fee: $39
Application Processing Fee: N/A

primor® Secured MasterCard Classic Card Credit Recommended: Poor/Limited/No

Card details:

Low fixed interest rates with no penalty rate!Reports to all three nationwide credit bureaus.Fast, easy application process. Show More
No processing or application fees!Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more*See application for additional details.
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Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

USAA Secured Card® Platinum Visa® Credit Recommended: Fair/Bad/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 10.40% to 20.40% (V)
Annual Fee: $35
Application Processing Fee: See Terms
Reporting to Credit Bureaus: Yes
Regular APR: 10.40% to 20.40% (V)
Annual Fee: $35
Application Processing Fee: See Terms

USAA Secured Card® Platinum Visa® Credit Recommended: Fair/Bad/No

Card details:

USAA Bank products are only available to military members, veterans who have honorably served, and their eligible family members.Best for members rebuilding or establishing credit.It´s a real credit card - not a debit or prepaid card. Show More
Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
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Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

Applied Bank® Secured Visa® Gold Preferred® Credit Card Credit Recommended: Bad/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 9.99%
Annual Fee: $48
Application Processing Fee: See terms
Reporting to Credit Bureaus: Yes
Regular APR: 9.99%
Annual Fee: $48
Application Processing Fee: See terms

Applied Bank® Secured Visa® Gold Preferred® Credit Card Credit Recommended: Bad/No

Card details:

Better than Prepaid…Go with a Secured Card! Load One Time - Keep On UsingAbsolutely No Credit Check or Minimum Credit Score RequiredAutomatic Reporting to All Three National Credit Bureaus Show More
9.99% Low Fixed APR - Your Rate Won´t Go Up Even if You Are LateActivate Today with a $200 Minimum Deposit - Maximum $1,000. * Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime
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Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

primor® Secured Visa Gold Card Credit Recommended: Poor/Limited/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 9.99% (Fixed)
Annual Fee: $49
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 9.99% (Fixed)
Annual Fee: $49
Application Processing Fee: N/A

primor® Secured Visa Gold Card Credit Recommended: Poor/Limited/No

Card details:

Low fixed interest rates with no penalty rate!Reports to all three nationwide credit bureausFast, easy application process Show More
No processing or application fees!Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more*See application for additional details
Hide

Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

primor® Secured Visa Classic Card Credit Recommended: Poor/Limited/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 13.99% (Fixed)
Annual Fee: $39
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 13.99% (Fixed)
Annual Fee: $39
Application Processing Fee: N/A

primor® Secured Visa Classic Card Credit Recommended: Poor/Limited/No

Card details:

Low fixed interest rates with no penalty rate!Reports to all three nationwide credit bureausFast, easy application process Show More
No processing or application fees!Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more*See application for additional details
Hide

Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

USAA Secured Cards® American Express® Card Credit Recommended: Fair/Bad/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 10.40% to 20.40% (V)
Annual Fee: $35
Application Processing Fee: See Terms
Reporting to Credit Bureaus: Yes
Regular APR: 10.40% to 20.40% (V)
Annual Fee: $35
Application Processing Fee: See Terms

USAA Secured Cards® American Express® Card Credit Recommended: Fair/Bad/No

Card details:

USAA Bank products are only available to military members, veterans who have honorably served, and their eligible family members.Best for members rebuilding or establishing credit.It´s a real credit card - not a debit or prepaid card. Show More
Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
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Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

First Progress Platinum Prestige MasterCard® Secured Credit Card Credit Recommended: Bad/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 11.99% Variable
Annual Fee: $44
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 11.99% Variable
Annual Fee: $44
Application Processing Fee: N/A

First Progress Platinum Prestige MasterCard® Secured Credit Card Credit Recommended: Bad/No

Card details:

Receive Your Card More Quickly with New Expedited Processing OptionNo Credit History or Minimum Credit Score Required for ApprovalQuick and Complete Online Application Show More
Full-Feature Platinum MasterCard® Secured Credit CardGood for Car Rental, Hotels; Anywhere Credit Cards are Accepted!Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit HistoryCredit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with ApplicationJust Pay Off Your Balance and Receive Your Deposit Back at Any Time24/7 Online Access to Your AccountNationwide Program though not yet available in NY, IA, AR, or WI* See Card Terms.
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Click apply button to get redirected to the bank’s secure application page

All your personal information will be protected

OpenSky® Secured Visa® Credit Card Credit Recommended: Bad / No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 17.89% (variable)
Annual Fee: $35
Application Processing Fee: See Terms
Reporting to Credit Bureaus: Yes
Regular APR: 17.89% (variable)
Annual Fee: $35
Application Processing Fee: See Terms

OpenSky® Secured Visa® Credit Card Credit Recommended: Bad / No

Card details:

Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.Choose your credit line as low as $200 up to $3,000, secured by a fully-refundable* security deposit.Security deposit needs to be submitted before the credit card can be issued. Show More
No credit check necessary and no checking account required; apply in less than 5 minutes.Extra credit when you need it, increase your credit line up to $5,000.Access to online financial education.*View our Cardholder Agreement located at the bottom of the application page for details of the card.
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Understanding Secured Credit Cards

Secured credit cards look and work like regular unsecured credit cards except one thing: they require a cash deposit from the card holder. This deposit should be paid before the card is issued and can be used in the event you default on your payments lessening the risk to the lender.

The common costs associated with the secured credit cards are application fees and annual fees. However, it is possible to find a secured credit card without an annual fee. As for the benefits, you may look for a secured credit card with rewards, but the main benefit of such cards are not rewards but credit reporting to the three major credit bureaus. Secured cards give an opportunity to rebuild your credit history and if you make on-time minimum payments and maintain your balances under the credit limits, you will succeed.

Not sure which card to choose?

Ask your question to our experts: explain your financial situation and you'll get personal financial consultation by email.

Frequently Asked Questions:

How to build credit with a secured credit card?

To build a credit history using a secured credit card, you first of all should make sure the card will be reported to at least one credit bureau. If the card is not reported to any of the credit bureaus, then it will be useless. Most secured credit cards are reported to all three major credit bureaus monthly. So you will only need to manage your secured credit card responsibly to build good credit. For that you will need to make all due payments with all your creditors on time and keep your card balances low.

How does a secured credit card work?

Secured credit cards can be used to establish a credit history or to repair a bad credit history as secured cards are usually reported to the credit bureaus – Experian, TransUnion or Equifax. The credit limit on a secured credit card is established by the security deposit an applicant pays. Secured credit cards work like unsecured credit cards. A cardholder will also receive statements every month and will be required to make card payments monthly. The security deposit will stay intact while a cardholder makes all due payments on time and the deposit will be refunded once the card is paid off and closed.

How to get a secured credit card?

To get a secured credit card you will have to pay a security deposit. You may need to send it along with your credit card application. Or, which is more common, you will have to submit your application first and after you are approved, the credit card issuer will ask you to pay the deposit. The credit card issuers usually give applicants up to three months to pay a security deposit. If the security deposit is not paid on time, the application will be withdrawn. When security deposit is paid and received by the issuer, the card will be sent to the applicant.

What is a secured credit card?

A secured credit card is a credit card that requires a collateral deposit that becomes the card’s credit line. The average minimum amount of the deposit is about $200. However, it can be higher or lower depending on the issuer you are applying with. If you want to increase the credit limit on your secured credit card, you simply need to increase your collateral deposit. Secured cards, like regular cards, can be used everywhere they are accepted. The cards are also reported to the major credit bureaus so they are good for those who are building or rebuilding their credit.