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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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  • First National Bank Secured Visa Card
    • Your stepping stone to credit that can grow with you.
    • You provide an upfront deposit - from $300 to $5,000 - and that sets your credit limit, subject to our credit approval.
    • How you use your card will reflect on your credit rating with the three major credit bureaus.
    • There is no charge for receiving your FICO® 8 Bankcard Score.
    • You could qualify for additional unsecured credit — without sending an additional deposit — in as few as 7 months.
    • As soon as 11 months after opening your account, you could be eligible to apply for an unsecured card from First National Bank — and get your deposit back!
    • Use your Kickstart Secured Card anywhere Visa credit cards are accepted.
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    20.99% (Variable)
    $29
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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 in your first year*
    • 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.
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    17.50% (Variable)
    $29
    No Credit Check
  • First Progress Platinum Elite MasterCard® Secured Credit Card
    • Nationwide Program though not yet available in NY, IA, AR, or WI
    • 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 $300 -- $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
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    19.99% (Variable)
    $29
    Bad Credit
  • primor® Secured Visa Gold Card
    • Low fixed interest rates with no penalty rate!
    • Reports to all three nationwide credit bureaus
    • Fast, easy application process
    • 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
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    9.99% (Fixed)
    $49
    No Credit Check
  • primor® Secured Visa Classic Card
    • Low fixed interest rates with no penalty rate!
    • Reports to all three nationwide credit bureaus
    • Fast, easy application process
    • 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
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    Intro APR
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    13.99% (Fixed)
    $39
    No Credit Check
  • First Progress Platinum Prestige MasterCard® Secured Credit Card
    • 24/7 Online Access to Your Account
    • 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.
    • Refundable security deposit required at time of application, only apply when you have a min of $300 to deposit immediately from a checking account or debit card.
    • Nationwide Program though not yet available in NY, IA, AR, or WI
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    11.99% (Variable)
    $44
    Bad Credit
  • First Progress Platinum Select MasterCard® Secured Credit Card
    • Nationwide Program though not yet available in NY, IA, AR, or WI
    • 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 $300 -- $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
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
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    Intro APR
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    14.99% (Variable)
    $39
    Bad Credit
  • UNITY® Visa Secured Credit Card - The Comeback Card™
    • A secured credit card designed to help rebuild your credit
    • Reports to all 3 major credit bureaus
    • Low, fixed (Not variable) interest rate of 17.99%
    • Your security deposit can get you Min. $250/Max. $10,000 credit limit
    • Manage your account online
    • No application fee or penalty rate
    • Credit line secured by fully-refundable FDIC insured deposit submitted with application
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    Intro APR
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    9.95%
    Intro APR
    6 months
    Intro APR Period
    17.99% (Fixed)
    $39
    Bad Credit
  • USAA Secured Card® Platinum MasterCard®
    • USAA Bank products are only available to military members, veterans who have received an Honorable discharge, 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.
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    Intro APR
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    9.90%-19.90% (Variable)
    $35
    Bad Credit
  • USAA Secured Card® American Express® Card
    • USAA Bank products are only available to military members, veterans who have received an Honorable discharge, 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.
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
    N/A
    Intro APR Period
    N/A
    Intro APR
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    Intro APR Period
    9.90%-19.90% (Variable)
    $35
    Bad Credit
  • 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.
    • Credit line increases - automatic unsecured credit line increase reviews with no additional security deposit or fees.
    • 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 - Click "Apply Here" to apply online today!
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
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    17.45% (Variable)
    $36
    Bad Credit
  • Capital One® Secured MasterCard®
    or call
    866-927-5834
    • No annual fee, with all the credit building benefits
    • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
    • Get free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker
    • Your minimum security deposit gets you a $200 credit line
    • You may qualify for a credit line increase based on your payment history and creditworthiness—no additional deposit required
    • 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
  • Purchases Balance Transfer Regular APR Annual Fee Credit Needed
    N/A
    Intro APR
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    Intro APR
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    Intro APR Period
    24.9% (Variable)
    $0
    Bad Credit
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* 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.

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