Secured Credit Cards

Withand

A secured credit card is geared for building or rebuilding credit. In most cases, you get a credit line equal to your deposit. Use it to demonstrate your creditworthiness to banks and credit bureaus: always pay on time and in full. We have selected the best low deposit, no annual fee and no credit check offers for our database. Please compare cards available to you, pick the right one and apply on the spot.

Secured MasterCard® from Capital One® photo
Secured MasterCard® from Capital One®
Free credit score
Apply NowOn Capital One bank's secure website
Upgrade to unsecured
Annual Fee
Regular APR
Minimum deposit
No
$0
25.49%
Variable
$49
for $49 + credit limit
  • Card Details
  • Make the minimum required security deposit of $49 and you'll get an initial credit line of $200. Plus, deposit more money before your account opens to get a higher credit line, up to $3,000.
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed.
  • Enjoy unlimited access to your credit score and tools to help you monitor your credit profile with CreditWise.
  • You're covered by $0 Fraud Liability if your card is ever lost or stolen.
  • Pick your own monthly due date and payment method—check, online, or at a local branch.
  • Pros
  • Low qualification requirements
  • Credit line may exceed your deposit
  • No annual fee
  • Cons
  • No rewards
  • No upgrade to unsecured card option

Our Take

This semi-secured credit card is the ideal low-cost solution for any credit novice. You may start using it with a low deposit of just $49, and there is no annual fee. What’s more, nobody will ever know that your card is secured since it is reported as unsecured.

Discover it® Secured Credit Card photo
Discover it® Secured Credit Card
Cash BackFree credit score
Apply NowOn Discover bank's secure website
Upgrade to unsecured
Annual Fee
Regular APR
Minimum deposit
7mo
possible after
$0
23.74%
Variable
$200
for equal credit limit
  • Card Details
  • It's a real credit card, not a prepaid or debit card Using your secured credit card will build a credit history with the three major credit bureaus.
  • 1% cash back on every purchase. 2% cash back at restaurants or gas stations on up to $1,000 in combined purchases each quarter.
  • Your secured card requires a refundable security deposit. You choose your deposit amount (minimum $200) when you apply.
  • Discover will review your credit card account monthly starting at seven months, to see if it's possible to return your security.
  • Discover will automatically match all the cash back you've earned at the end of your first year on your credit card— only for new cardmembers.
  • No annual fee.
  • 23.24% standard variable purchase APR.
  • Get your FICO ® Credit Score for free on monthly statements, on Discover mobile app or when you log in to your online account.
  • Paying late won't raise your APR.
  • No late fee for your first late payment.
  • Pros
  • Leading rewards rate for secured cards
  • No annual fee
  • Paying late won't raise your APR.
  • Free credit score
  • Cons
  • Need credit check

Our Take

The Discover it® Secured Credit Card is one of the most appealing offering on the secured credit card market. Its rewards program may give you the taste of a traditional unsecured credit card. The possibility to upgrade together with zero annual fee allows you to keep this card as long as you need.

Citi® Secured MasterCard® photo
Citi® Secured MasterCard®
Apply NowOn Citi bank's secure website
Upgrade to unsecured
Annual Fee
Regular APR
Minimum deposit
No
$0
23.24%
Variable
$200
for equal credit limit
  • Card Details
  • Provide a security deposit between $200 - $2,500 when submitting an application.
  • Once your security deposit is received and you are approved, your credit limit will be equal to the amount of the security deposit you've submitted.
  • To receive a Citi® Secured Mastercard® you must meet our credit qualification criteria for this card, which includes our review of your income and your debt.
  • You must not have any bankruptcy history within the last two years.
  • Citi® Identity Theft Solutions can help you resolve the matter and get your life back on track.
  • Travel protection. Worldwide Travel Accident Insurance, Worldwide Car Rental Insurance and Trip Cancellation & Interruption Protection
  • Purchase protection. Extended Warranty, Damage & Theft Purchase Protection and $0 Liability on Unauthorized Charges
  • Pros
  • Available for people with no credit
  • No annual fee
  • Cons
  • Requires no bankruptcies in past 2 years

Our Take

The Citi® Secured MasterCard® is designed for building your credit history from scratch. It takes a year and a half to get your deposit back but in return you may receive a solid credit score and an account in one of the most reputable banks of the US.

First Progress Platinum Prestige MasterCard® Secured Credit Card photo
First Progress Platinum Prestige MasterCard® Secured Credit Card
Apply NowOn First Progress bank's secure website
Upgrade to unsecured
Annual Fee
Regular APR
Minimum deposit
No
$49
9.99%
Variable
$200
for equal credit limit
  • Card Details
  • The First Progress MasterCard® is a full-featured credit-card with a credit line based on a refundable security deposit instead of your credit score.
  • The card reports to all three credit bureaus every month to help establish or re-establish new credit history.
  • No Credit History or Minimum Credit Score Required for Approval.
  • 11.99% Variable APR for Purchases
  • The maximum Credit Limit you can obtain over time is $5,000.
  • Pros
  • Really low qualification criteria
  • No credit check for pre-qualificaion
  • Low APR
  • Cons
  • High annual fee
First Progress Platinum Select MasterCard® Secured Credit Card photo
First Progress Platinum Select MasterCard® Secured Credit Card
Apply NowOn First Progress bank's secure website
Upgrade to unsecured
Annual Fee
Regular APR
Minimum deposit
No
$39
13.99%
Variable
$200
for equal credit limit
  • Card Details
  • Fund your new MasterCard® secured credit card with your tax refund today.
  • No processing or application fees required.
  • Reports monthly to all three major bureaus and approval is based upon a fully-refundable security deposit.
  • No minimum credit score.
  • No credit history required.
  • The maximum Credit Limit you can obtain over time is $5,000. Terms apply.
  • Pros
  • Works for people new to credit
  • Reports monthly to all three major bureaus
  • Cons
  • Can take some time to get card
  • No instant approval