Secured Credit Credit Cards -

Secured Credit Cards

If your credit has seen better days, a secured credit card could be the financial tool you’ve been looking for. It’s exactly the same as a traditional credit card, with one main difference: you’re required to make a cash deposit in order to receive an approval. This deposit also acts as your collateral and credit limit, which gives both you and the issuer peace of mind. With so many secured credit card offers to choose from, you won’t run into trouble finding one that suits your needs in regards to eligibility requirements, interest rate, and other key details.

Secured Credit

OpenSky® Secured Visa® Credit Card

Credit Line: $200-$3000 at time of application

  • Rating :
  • Credit Brand : Visa®
  • Credit Needed : Poor
  • Rewards : up to 10% cash back* rewards on purchases at over 40,000 retailers
  • Annual Fee : $35.00
  • Regular APR : 25.64% (variable)
  • Updated for : Wed 24 Jul 2024
  • Full Details : View Card Page

Secured Credit

Applied Bank® Secured Visa® Gold Preferred® Credit Card

Absolutely No Credit Check or Minimum Credit Score Required

  • Rating :
  • Credit Brand : Visa®
  • Credit Needed : Poor/Fair/Limited/Damaged
  • Rewards : N/A
  • Annual Fee : $48.00
  • Regular APR : 9.99% Fixed
  • Updated for : Wed 24 Jul 2024
  • Full Details : View Card Page

Secured Credit

Capital One Quicksilver Secured Cash Rewards Credit Card

Building your credit? Using a card like this responsibly could help

  • Rating :
  • Credit Brand : Capital One
  • Credit Needed : Limited, Bad
  • Rewards : 1.5% Cash Back on every purchase, every day
  • Annual Fee : $0.00
  • Regular APR : 29.99% (Variable)
  • Updated for : Wed 24 Jul 2024
  • Full Details : View Card Page

Secured Credit

Merrick Bank Secured Credit Card

Get your FICO® Credit Score for free each month.

  • Rating :
  • Credit Brand : Mastercard®
  • Credit Needed : See website for Details*
  • Rewards : n/a
  • Annual Fee : $36 for first year. Billed $3 per month thereafter
  • Regular APR : 22.70% Variable
  • Updated for : Wed 24 Jul 2024
  • Full Details : View Card Page

Secured Credit

First Latitude Select Mastercard® Secured Credit Card

Past credit issues shouldn’t prevent you from getting a credit card with great benefits & rewards!

  • Rating :
  • Credit Brand : Mastercard®
  • Credit Needed : Poor/Limited/No Credit
  • Rewards : 1% Cash Back on payments
  • Annual Fee : $39.00
  • Regular APR : 19.24% (V)
  • Updated for : Wed 24 Jul 2024
  • Full Details : View Card Page

Trusted Partner

Experian Boost™

Improve Your Credit Scores Instantly for Free

  • Get credit for bills like your phone, utilities and popular streaming services—free, with Experian Boost™
  • Access your free Experian® Credit Report & FICO® Score
  • Includes Experian® credit monitoring and alerts
Get Started Here

Additional Resources

Credit Card Advantages

Credit cards have many advantages if used judiciously. It fulfills all your needs. You can buy anything with a credit card. Because of various benefits the card provides to the users, everyone from teenagers to retirees in the United States has credit cards. Convenient to shop : Credit card is very much convenient to buy anything anywhere. If you are on a shopping spree and want to buy so many things at different shops in a market, credit card will
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Why Some Credit Card Issuers Might Require a Deposit

Why Some Credit Card Issuers Might Require a Deposit Depending on your credit score and history, you may find that many (or all) credit card companies are requiring you to make a deposit. A secured credit card is one of the better ways for someone with no credit or bad credit to improve their score, all with the idea of eventually moving onto an unsecured offer in the future. What is a Secured Credit Card? Simply put, a secured credit
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How to Prepare Yourself to Apply for a Credit Card

You’ve been doing a lot of thinking, and you realize there’s no better time than now to apply for a credit card. While this is a big decision, once you know it’s right for you it’s time to take action. This means something different to everyone, but there are basic steps you can take to prepare yourself. Here are four things you should do: 1. Check Your Credit Score This will give you a better idea of the type of
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Top Reasons to Use a Credit Card

Before you ever begin your search for a credit card, it’s important to understand why you want to add plastic to your wallet or purse. Without a clear idea of the reasons to use a credit card, you may find yourself applying for no purpose. And what sense does that make? Fortunately, you don’t have anything to worry about here. There are many reasons to use a credit card – as opposed to other forms of payment – including the
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What is the Best Credit Card for You?

It’s a question you may ask yourself time and time again: what is the best credit card for you? You assume there’s a simple answer, until you realize that there are hundreds upon hundreds of offers to choose from. Furthermore, since no two consumers are identical, what’s best for you may not be best for the next person. So, deciding which is the best credit card to apply for is a personal decision. You need to answer questions such as:
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How to Apply for a Secured Credit Card

Applying for a secured credit card is similar to any other credit card application. You can complete the application online by providing personal and financial information, such as your social security number and annual income.

Once you receive an approval, you will then put down your deposit and wait for your card to arrive in the mail. It’s really that simple.

From there, you will receive a statement every month that shows your purchases, balance, and amount of credit remaining.

When possible, pay your balance in full every month, as this allows you to avoid interest charges.

Tip: make sure the issuer of your credit card reports all activity to the three major credit bureaus. By doing so, you get “credit” for responsibly managing your account, which will work in your favor in the future.

You can Soon Move to an Unsecured Credit Card

Even though you may not be excited about using a secured credit card to build your credit, you should look at it as an opportunity.

When you do so responsibly, your credit score will rise and your credit history will improve. Soon enough, you can apply for an unsecured credit card. If you receive an approval, you can then request your refundable security deposit.

Answer These Questions

As you compare secured credit cards, you’ll find that some have more to offer than others. And for that reason, you need to carefully consider all your options before making a final decision.

By answering these questions, you’ll inch closer toward finding the perfect offer:

What are you looking for in a secured credit card, in regards to features?
Do you have a preferred issuer?

How much money are you willing to put down as a refundable security deposit?
These are basic questions, but the answers will help you formulate your search strategy.

Final Thoughts

Now that you understand the basics of secured credit cards, you can decide what to do next.

Your goal is simple: to obtain a credit card that provides convenience, all while boosting your credit score and improving your credit history.

Financial services disclosures

Credit Terms, Rates and Fees : Credit cards have APR rates and fees that you need to review before you sign on with a bank or lender. APR rates can range from 0% to 35.99%. Annual fees can range from $0.00 to $199.00. These financing costs will influence your decision if you anticipate using the card for single purchases or if you intend to carry a monthly balance. If you don’t make your timely required payments by the due date, financing costs increase and you’ll have to pay the credit issuer those fees plus your current balance. Please review the credit card applications for specifics into the terms, rates, fees and conditions. All credit card offers are displayed without guarantee. To affirm terms and conditions, tap the “Apply Now” to learn more about the credit offer on a secure page provided by the card issuer(s).

Terms & Offers

Advertisements which display guaranteed lines of credit for $500.00-$750.00 are exclusively for usage through online shopping retail stores, online auctions and/or online marketplace store websites. Please review full terms and conditions prior to applying for any line of credit. Credit limit offers displayed on advertisements are contingent on getting approved by the credit institution issuing the credit card or issuing the line of credit.

Office Location

Attn: LeadDemand - 3200 E. Guasti Road, Suite 100 - Ontario, CA 91761

Contact Information

Phone: Customer Service