Credit Cards»Secured Credit Cards

Secured Credit Cards

What are secured credit cards?

A secured card is a credit card you put a deposit down on, similar to a prepaid card. That deposit is used as collateral. Unlike a prepaid card, when you spend on your secured credit card, it's not deducted from deposit. You must pay off the credit card balance every month.

By using a secured card responsibly, it helps individuals build, or rebuild, their credit history. Secured credit cards offer limited credit lines and report your activity to the three major credit bureaus, giving you the tools necessary to establish a history.

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Is my credit good enough?

Do you have bad credit or a limited credit history? Secured cards from our partners can help you rebuild or establish your credit, extending to you a limited credit line and reporting your payment behavior. If you keep a low balance relative to your credit limit and pay on time, a secured credit card can put you on the track to a better relationship with the three major credit bureaus.

These cards are typically designed for and offered to those with no credit or bad credit. Keep in mind that if you have good credit, you may qualify and benefit from a more rewarding card.

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What are some pros and cons?

Secured cards offer a stepping stone to building excellent credit, even after a financial hardship. Some even offer credit line increases based on creditworthiness and good payment history. But they typically come with higher APRs, making them unsuitable for carrying a balance. Many also have annual fees.

Tips on secured credit cards

Don't make the mistake of thinking secured cards will automatically improve your credit score. It's important to pay off your balance in full each month and remain in good standing with your credit card company in order to effectively build credit.

Understand that a secured card requires a deposit that will reflect your credit limit.

Take a look at our list of cards and get on the path to better credit.

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  • logo
    Capital One® Secured MasterCard®
    • No annual fee, and all the credit building benefits with responsible card use
    • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
    • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
    • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
    • Easily manage your account 24/7 with online access, by phone, or using our mobile app
    • It's a credit card accepted at millions of locations worldwide
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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    24.99% (Variable)
    $0
    Bad Credit
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    OpenSky® Secured Visa® Credit Card
    • Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.
    • Choose your credit line as low as $200 up to $3000, secured by a fully-refundable* security deposit.
    • Security deposit needs to be submitted before the credit card can be issued.
    • 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 $5000 at any time*
    • Access to online financial education.
    • *View our Cardholder Agreement located at the bottom of the application page for details of the card. Click the Apply Now button to get to the application page.
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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    17.64% (Variable)
    $0 1st year, then $35
    No Credit Check
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    Discover it® Secured Credit Card
    • Once approved, your minimum security deposit amount of $200 or more will establish your credit line (up to the amount we can approve).
    • Monthly reviews start at 12 months to see if you qualify to get your security deposit back. Reviews are based on responsible credit management across all of your credit cards and loans.
    • No annual fee. No late fee on your first late payment. Paying late won't raise your APR.
    • Earn 2% cash back at restaurants & gas stations on up to $1,000 in combined purchases each quarter. Earn 1% cash back on all other purchases.
    • Discover matches all the cash back you've earned at the end of your first year - automatically. New cardmembers only.
    • Reports to 3 major credit bureaus so you can build or rebuild credit with responsible use.
    • FICO® Credit Score for free on monthly statements & online.
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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    10.99%
    Intro APR
    6 months
    Intro APR Period
    23.24% Variable
    $0
    Fair/New to Credit
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    USAA Secured Card® Platinum Visa®
    • USAA Eligibility Requirement: Today, USAA membership is only open to U.S. military service members, veterans who have received a discharge type of Honorable, and their eligible family members.
    • It's a real credit card - not a prepaid or debit card, that helps you build or improve your credit score.
    • When you apply - you'll also be opening a USAA 2-year Certificate of Deposit (CD), an interest-earning deposit account that has a two-year term and a $250-minimum initial deposit.
    • Your CD is a security deposit - the money you put in upfront, from $250 to $5,000, is the card's credit limit.
    • Earn interest on your CD - your deposit is guaranteed to grow. Plus the money is yours to keep as long as you don't default on your payments.
    • Start building your credit - opening a CD lets you get a credit card even if you don't have a credit history or have bad credit.
    • Chip technology has added security when used at a chip-enabled terminal and greater acceptance worldwide.
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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    10.15%-20.15% (Variable)
    $0 1st year, then $35
    Bad Credit
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    Applied Bank® Secured Visa® Gold Preferred® Credit Card
    • Better than Prepaid...Go with a Secured Card! Load One Time - Keep On Using
    • Absolutely No Credit Check or Minimum Credit Score Required
    • Automatic Reporting to Major Credit Bureaus
    • 9.99% Low Fixed APR - Your Rate Won't Go Up Even if You Are Late
    • Activate 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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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    9.99% (Fixed)
    $0 1st year, then $48
    Bad Credit
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    primor® Secured Visa Classic Card
    • Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line
    • Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more!*
    • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
    • Low fixed 13.99% interest rate on purchases - with no penalty rate!
    • Fast, easy application process
    • No processing or application fees!
    • *See application for additional details
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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    13.99% (Fixed)
    $0 1st year, then $39
    No Credit Check
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    primor® Secured Visa Gold Card
    • Low fixed 9.99% interest rate on purchases! Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more!*
    • Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line
    • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
    • Fast, easy application process
    • No processing or application fees!
    • *See application for additional details
    • Show More
      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    9.99% (Fixed)
    $0 1st year, then $49
    Limited/No Credit
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    Citi® Secured MasterCard®
    • Start building credit for tomorrow
    • A security deposit is required for this product (minimum $200)
    • Unlike a prepaid card, it helps build credit history, with monthly notifications to the credit bureaus
    • Pay your bill on time every month to avoid damaging your credit. Citi can help keep you on track with Auto Pay, online Bill Pay and alerts.
    • Use the card anywhere MasterCard® is accepted — worldwide
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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    22.24%* (Variable)
    $0
    New to Credit
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    USAA Secured Card® American Express® Card
    • USAA Eligibility Requirement: Today, USAA membership is only open to U.S. military service members, veterans who have received a discharge type of Honorable, and their eligible family members.
    • It's a real credit card - not a prepaid or debit card, that helps you build or improve your credit score.
    • When you apply - you'll also be opening a USAA 2-year Certificate of Deposit (CD), an interest-earning deposit account that has a two-year term and a $250-minimum initial deposit.
    • Your CD is a security deposit - the money you put in upfront, from $250 to $5,000, is the card's credit limit.
    • Earn interest on your CD - your deposit is guaranteed to grow. Plus the money is yours to keep as long as you don't default on your payments.
    • Start building your credit - opening a CD lets you get a credit card even if you don't have a credit history or have bad credit.
    • Chip technology has added security when used at a chip-enabled terminal and greater acceptance worldwide.
    • Show More
      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    10.15%-20.15% (Variable)
    $0 1st year, then $35
    Bad Credit
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    UNITY® Visa Secured Credit Card
    • Apply online in less than 5 minutes, and you could be approved today!
    • No Minimum Credit Score required; low interest rate of 17.99%
    • Fully refundable FDIC security deposit* required at time of application; if you have a min of $250 to deposit immediately, you can start now!
    • No application fee or penalty rate
    • Build your credit with monthly reporting to all 3 major credit bureaus
    • 24/7 online access to your account
    • *See the Cardholder Agreement for more details.
    • Show More
      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    9.95%
    Intro APR
    6 months
    Intro APR Period
    17.99% (Fixed)
    $0 1st year, then $39
    Bad Credit
  • logo
    First Progress Platinum Elite MasterCard® Secured Credit Card
    • Fund your new MasterCard® secured credit card with your tax refund today!
    • Receive Your Card More Quickly with New Expedited Processing Option
    • No Credit History or Minimum Credit Score Required for Approval
    • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
    • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
    • Credit Line Secured by Your Fully-Refundable Deposit of $200 - $2,000 Submitted with Application
    • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
    • 24/7 Online Access to Your Account
    • Show More
      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    19.99% (Variable)
    $0 1st year, then $29
    Bad Credit
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    First Progress Platinum Prestige MasterCard® Secured Credit Card
    • Fund your new MasterCard® secured credit card with your tax refund today!
    • Our card reports monthly to all three major bureaus and approval is based upon a fully-refundable security deposit.
    • We can approve you at any credit score, no minimum required.
    • No processing or application fees required.
    • Full-featured Platinum MasterCard, accepted for car rentals, hotels, and millions of other locations worldwide.
    • Credit Line Secured by Your Fully-Refundable Deposit of $200 - $2,000 Submitted with Application
    • Nationwide Program though not yet available in NY, IA, AR, or WI
    • Show More
      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    11.99% (Variable)
    $0 1st year, then $44
    Bad Credit
  • logo
    First Progress Platinum Select MasterCard® Secured Credit Card
    • Fund your new MasterCard® secured credit card with your tax refund today!
    • Receive Your Card More Quickly with New Expedited Processing Option
    • No Credit History or Minimum Credit Score Required for Approval
    • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
    • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
    • Credit Line Secured by Your Fully-Refundable Deposit of $200 - $2,000 Submitted with Application
    • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
    • 24/7 Online Access to Your Account
    • Show More
      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    14.99% (Variable)
    $0 1st year, then $39
    Bad Credit
  • logo
    UNITY® Visa Secured Credit Card
    • Limited Time Offer: New cardmembers get a $25 rebate* - To be eligible, applications must be submitted between now through 12/31/16 and accounts must be in good standing for 90 days after opening.
    • Apply online in less than 5 minutes, and you could be approved today!
    • No Minimum Credit Score required; low interest rate of 17.99%
    • Fully refundable FDIC security deposit* required at time of application; if you have a min of $250 to deposit immediately, you can start now!
    • No application fee or penalty rate
    • Build your credit with monthly reporting to all 3 major credit bureaus
    • 24/7 online access to your account
    • *See the Cardholder Agreement for more details.
    • Show More
      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    9.95%
    Intro APR
    6 months
    Intro APR Period
    17.99% (Fixed)
    $0 1st year, then $39
    Bad Credit
  • logo
    The Secured Visa® from Merrick Bank
    • Get your FICO® Score every month at no charge.
    • Build your credit - Performance is reported to all three major credit bureaus, unlike a prepaid card.
    • No Processing or application fees.
    • You determine your credit line - up to $3,000
    • Easy funding options - We have several convenient options to easily submit your security deposits
    • Worldwide acceptance - Use it anywhere Visa is accepted.
    • Easy application - apply online today!
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      Terms and Restrictions Apply
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
    N/A
    Intro APR Period
    17.70% (Variable)
    $0 1st year, then $36
    Bad Credit

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.