These are 6 great secured credit cards for establishing or re-establishing credit (all cards report to the 3 credit bureaus). This list includes two cards by credit unions. A lot of credit unions offer great benefits to their members like no annual fees, low APR’s and more personalized service. If you have been denied by the big banks, my suggestion is to visit your local credit unions and find out if you are eligible for an unsecured or secured credit card with them.
- Capital One Secured Master Card
- Bank of America Secured Visa
- Wells Fargo Secured Visa
- Navy Federal Credit Union Rewards Secured Visa
- EMV Savings Secured Visa Platinum Card
- Discover it Secured Credit Card (no info available online)
Please make sure to leave your comments below, especially if you have experience with any of these cards or if you want to recommend other secured cards. I have experience using both the Capital One and the Bank of America secured cards. I used these two cards successfully to rebuild my credit, however, any secured card should work for you if used responsibly.
Secured Credit Card Descriptions
Capital One Secured Master Card. Required Security Deposit: $49, $99 or $200 based on your credit. You can deposit more than your minimum required deposit in order to get a higher credit line (up to $3000). APR: 24.9% variable. Annual Fee: $0. Eligibility: Anybody can apply. Fico Credit Score Needed: This card is for people Rebuilding Credit. Graduation: No. Benefits: None. Reports as: Unsecured.
Bank of America Secured Visa. Required Security Deposit: a minimum of $300 or up to $4,900. Your limit will be determined by your income, ability to pay and the amount of the security deposit you provide APR: 20.24% variable. Annual Fee: $39. Eligibility: Anybody can apply. Fico Credit Score Needed: N/A.Graduation: After 12 months, your account may be reviewed and you could qualify to have your security deposit returned while you continue to use your card Benefits: cash back (1% everywhere, 2% at grocery stores and 3% on gas). Reports as: Secured.
Wells Fargo Secured Visa. Required Security Deposit: a minimum of $300, or up to $10,000. Your credit line will be equal to your security deposit. APR: 18.99% variable. Annual Fee: $25. Eligibility: Anybody can apply. Fico Credit Score Needed: N/A. Graduation: You may be eligible for an upgrade to an unsecured credit card. Benefits: None. Reports as: Secured.
Navy Federal Credit Union Rewards Secured Visa. Required Security Deposit: $500 minimum. Your credit line will be equal to your security deposit. APR: as low as 8.99%, based on your credit. Annual Fee: $0. Eligibility: You have to be in the military or related to someone who is to be eligible. Benefits: Rewards (earn one point for every dollar you spend). Reports as: Unsecured.
EMV Savings Secured Visa Platinum Card. Required Security Deposit: $250. Your credit line will be equal to your security deposit. Your deposit will also earn interest. APR: as low as 6.99% variable. Annual Fee: $0. Eligibility: You may join SDFCU if you are an employee of The Department of State or one of these organizations. Additionally, you may be eligible to join SDFCU through the American Consumer Council (ACC) (cost is $5). Fico Credit Score Needed: N/A. Graduation: N/A. Benefits: Flexpoints Rewards for every $1 spent. Reports as: Secured.
Discover it Secured Credit Card. You will not find information for this card online. You have to apply for a Discover It card and if you’re denied, you might get a counteroffer for their secured card. Required Security Deposit: N/A. APR: 22.99% variable. Annual Fee: $0. Eligibility: Anyone can apply. Fico Credit Score Needed: N/A. Graduation: after 12 months. Benefits: cash back (1% on purchases and 5% on rotating categories). Free TransUnion FICO score. Reports as: Unsecured.
I had a lot of harvest after seeing this post of yours! Before, I used to play games, this is a fun game for entertainment, but now I will follow you, read your articles will have more knowledge. run 3
Some good products here, interesting stuff and great to hear from you again. Otherwise, I would stick to welcome message example OnlyFans
In scottsdale pos system , we offer zero fee credit card processing. We can assist you in getting your desired credit card!
Thanks for sharing this info about the best secured credit cards. Just in time since I am planning to get one and I am really confuse of which I should choose. I check them out after solving my retaining wall problems!
Thank you for sharing such useful information. Continue to spread the word about your excellent work. https://www.personaltrainersherwoodpark.com/
However, much of the enjoyment may https://gas-stationsnearme.com/arco/
be sucked out of gambling when people rely on it for an income. Desperate gamblers who try too hard are often the least successful.
Thanks for the information. VISA cards are really popular!
Stairs Fabrication
Thanks for sharing this! Garbage Disposal Services
I am a professional leather jackets providers all over the worlds. we have professional Custom Leather Jackets maker for your requirement which you need. Right jackets is a best leathers jackets service for other leather service and get also discount,with free shipping. carlos jacket from descendants
Discover it Secured Credit Card is a secured credit card issued by Discover. You won’t be able to locate any information on this card on the internet. You must apply for a Discover It card, and if you are denied, you may be offered a secured card as a counteroffer. N/A is the minimum security deposit required. snow rider 3d
Here you can search for an older woman looking for a date and who live near you. You can create a profile anonymously so you can protect your privacy. If you search through the profiles with your free account and see a lady that you would like to try, you can send her a message.
Thanks for the info!