I think the Orchard Secured Card should be a good option. I don’t have it, so I can’t really comment first hand on my experience using it, but I also considered Orchard when I was shopping for secured cards. I went with Capital One pretty much because I could apply online and get an immediate response.
Just a few pros and cons about each card:
– Orchard Pros: 7.90% APR, the annual fee is waived the first year, reputable bank. No mention about graduating your card or refunding your deposit on their site, but I have read stories about people getting their deposit back and their card graduating to unsecured.
– Orchard Cons: You have to apply by mail, minimum security deposit is $200 (which is not really bad, but higher than Capital One’s deposit).
– Capital One Pros: Online application, $49 minimum security deposit (if elegible), unsecured credit line increases (but don’t expect many), reputable bank.
– Capital One Cons: 22.90% APR, annual fee is not waived. No mention about graduating your card on their site. Your deposit will be refunded only after closing your account. People complain a lot about their card never graduating to an unsecure card.