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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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Best Credit Cards from Credit-Land.com Credit Recommended: Limited/Bad/No

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: See terms
Annual Fee: $0
Application Processing Fee: See terms
Reporting to Credit Bureaus: Yes
Regular APR: See terms
Annual Fee: $0
Application Processing Fee: See terms

Best Credit Cards from Credit-Land.com Credit Recommended: Limited/Bad/No

Card details:

Credit building benefits with responsible card use. Regular reporting to the 3 major credit bureaus.Get a real credit line after making a security deposit, determined based on your creditworthiness.Credit limit increase or upgrade to unsecured line of credit opportunities.

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

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 18.14% (variable)
Annual Fee: $35
Application Processing Fee: See Terms
Reporting to Credit Bureaus: Yes
Regular APR: 18.14% (variable)
Annual Fee: $35
Application Processing Fee: See Terms

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

Card details:

No credit check to apply and find out instantly if you are approved.OpenSky gives everyone an opportunity to improve their credit with an 85% average approval rate for the past 5 yearsGet considered for a credit line increase after 6 months, with no additional deposit required Show More
You could be eligible for the OpenSky Gold Unsecured Card after as few as 6 monthsReports to all 3 major credit bureaus monthly, unlike a prepaid or debit cardNearly half of OpenSky cardholders who make on-time payments improve their FICO score 30+ points in the first 3 monthsYour refundable* deposit, as low as $200, becomes your OpenSky Visa credit limitEasy application, apply in less than 5 minutes right from your mobile deviceOffer flexible payment due dates which allow you to choose any available due date that fits your payment schedule*View the cardholder agreement
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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 Elite Mastercard® Secured Credit Card Credit Recommended: Poor/Limited/No Credit

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 21.49% (V)
Annual Fee: $29
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 21.49% (V)
Annual Fee: $29
Application Processing Fee: N/A

First Progress Platinum Elite Mastercard® Secured Credit Card Credit Recommended: Poor/Limited/No Credit

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; No credit inquiry required! Show More
Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by ExperianFull-Feature Platinum Mastercard® Secured Credit Card; Try our new Mobile App for Android users!Good 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; available in all 50 US states *See Card Terms.Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.
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Click apply button to get redirected to the bank’s secure application page

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First Progress Platinum Prestige Mastercard® Secured Credit Card Credit Recommended: Poor/Limited/No Credit

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 11.49% (V)
Annual Fee: $49
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 11.49% (V)
Annual Fee: $49
Application Processing Fee: N/A

First Progress Platinum Prestige Mastercard® Secured Credit Card Credit Recommended: Poor/Limited/No Credit

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; No credit inquiry required! Show More
Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by ExperianFull-Feature Platinum Mastercard® Secured Credit Card; Try our new Mobile App for Android users!Good 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; available in all 50 US states *See Card Terms.Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.
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Click apply button to get redirected to the bank’s secure application page

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Applied Bank® Secured Visa® Gold Preferred® Credit Card Credit Recommended: Poor/Fair/Limited/Damaged

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 9.99% Fixed
Annual Fee: $48
Application Processing Fee: None
Reporting to Credit Bureaus: Yes
Regular APR: 9.99% Fixed
Annual Fee: $48
Application Processing Fee: None

Applied Bank® Secured Visa® Gold Preferred® Credit Card Credit Recommended: Poor/Fair/Limited/Damaged

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

First Progress Platinum Select Mastercard® Secured Credit Card Credit Recommended: Poor/Limited/No Credit

FEATURES:

Reporting to Credit Bureaus: Yes

APRs & FEES:

Regular APR: 15.49% (V)
Annual Fee: $39
Application Processing Fee: N/A
Reporting to Credit Bureaus: Yes
Regular APR: 15.49% (V)
Annual Fee: $39
Application Processing Fee: N/A

First Progress Platinum Select Mastercard® Secured Credit Card Credit Recommended: Poor/Limited/No Credit

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; No credit inquiry required! Show More
Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by ExperianFull-Feature Platinum Mastercard® Secured Credit Card; Try our new Mobile App for Android users!Good 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; available in all 50 US states *See Card Terms.Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.
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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.

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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.