Secured Credit Cards

These credit cards are secured by an initial deposit, and the credit limit is the same or less than the deposit. Secured credit cards don’t carry rewards and might have an annual fee. The goal is then to use the card each month to make your payments on time. Eventually, your credit score will improve, and you will be able to apply for a regular credit card.

Sort 6 Credit Cards by
Minimum Security Deposit
CREDIT CARD NAME
ANNUAL FEE
PURCHASE APR
KEY BENEFITS

Capital One® Secured MasterCard® Credit Card

$ deposit
No Annual Fee
Secured
ANNUAL FEE:

$0

Purchase APR: 24.99%

Key Benefits:
    Credit Score: Undefined

    U.S. Bank Secured Visa® Credit Card

    $ deposit
    Secured
    ANNUAL FEE:

    $29

    Purchase APR: 20.99%

    Key Benefits:
    • Travel (1)
    • Services (1)
    • Security (4)
    • Insurance (1)
    • Fees Benefits (3)

    Discover it® Secured Credit Card: Build Credit and Earn 2% Cash Back

    $200 deposit
    Discover it® Secured Credit Card
    Rewards
    Balance Transfer
    No Annual Fee
    Secured
    ANNUAL FEE:

    $0

    Purchase APR: 24.99%%

    Key Benefits:
    • Travel (1)
    • Sign Up Benefits (2)
    • Services (1)
    • Security (5)
    • Insurance (1)
    • Fees Benefits (2)
    • Discounts (1)
    Credit Score: Very Bad

    Wells Fargo Secured Credit Card

    $300  deposit
    Wells Fargo Secured Credit Card
    Secured
    ANNUAL FEE:

    $25

    Purchase APR: 20.99%

    Key Benefits:
    • Travel (2)
    • Services (1)
    • Security (3)
    • Insurance (3)
    • Fees Benefits (3)
    Credit Score: Very Bad

    Citi® Secured Credit Card

    $200 deposit
    Citi® Secured MasterCard®
    No Annual Fee
    Secured
    ANNUAL FEE:

    $0

    Purchase APR: 23.99%

    Key Benefits:
    • Security (4)
    • Insurance (3)
    • Fees Benefits (1)

    BankAmericard® Secured Credit Card

    $300 deposit
    BankAmericard® Secured Credit Card
    Secured
    ANNUAL FEE:

    $39

    Purchase APR: 22.24%

    Key Benefits:
    • Services (1)
    • Security (5)
    • Insurance (2)
    • Fees Benefits (3)
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