Secured Credit Card Offers
about Secured Credit
Cards in your inbox.
Subscribe for FREE!
CreditLand will never share your e-mail address with any third parties.
You may unsubscribe at any moment by simply clicking the Unsubscribe link in any of CreditLand's newsletters.
Banks are cautious these days, and if you have limited or poor credit history, they may require a deposit to act as collateral on your credit card account. Think of it like a security deposit you'd put down on apartment. The bank protects itself, while still letting you build up your credit history. It's a win-win situation.
The advantage of secured credit cards is that they may be able to help build, rebuild, or reestablish your credit history if you make on-time minimum payments with all your creditors and maintain your account balances below the credit limits. Let the Credit-Land.com experts steer you toward the card with the lowest fees and best terms for your needs.
Limited / Bad Credit
You can apply if: you have defaulted on a loan more than once or have been declined for a credit card in the last 3 months.
| Annual Fee | Activation Fee | Regular APR | Reporting Credit Bureaus | Inst. Response |
|---|---|---|---|---|
| $29 | See terms | 22.9% (V) | Yes | No |
- Build credit with responsible use with no processing or application fees.
- Regular reporting to the 3 major credit bureaus.
- Monitor credit with access to a credit score and other tools.
- Your security deposit can get you a line up to $3,000.
- You may qualify for a credit line increase based on your payment history and creditworthiness.
- Use it like any MasterCard credit card, accepted at millions of locations worldwide.
- Great for rebuilding your credit.
- Doesn´t have foreign transaction fees.
- Allows you to earn a credit limit increase.
- High standard APR.
Any Credit
Required FICO score for this card: Any
You can apply if: you don’t know your credit score. You can be approved for this card regardless your credit history.
| Annual Fee | Activation Fee | Regular APR | Reporting Credit Bureaus | Inst. Response |
|---|---|---|---|---|
| See website | See website | See website | Yes | Yes |
- Find the right card offer for you regadless if you have Good Credit, Bad Credit, or No Credit.
- Get Response in 60 seconds.
- Fast Online Application.
- Reporting to the 3 Major Credit Bureaus.
- Get Response in 60 seconds
- Fast Online Application
Bad Credit
Required FICO score for this card: 350 to 619
You can apply if: you regularly miss or skip payments and max out your credit balance; you have more than one foreclosure, repossession, or a bankruptcy declared.
| Annual Fee | Activation Fee | Regular APR | Reporting Credit Bureaus | Inst. Response |
|---|---|---|---|---|
| $29 | $0 | 19.99% (Variable) | Yes | Yes |
- Get Approved Fast. Just Click Below to Start the Process!
- See if you´re pre-approved in as little as 60 seconds with no harm to your credit score!
- Receive Your Card More Quickly with New Expedited Processing Option.
- No Credit History or Minimum Credit Score Required for Approval.
- Quick and Complete Online Application.
- Full-Feature Platinum MasterCard® Secured Credit Card.
- 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.
- Nationwide Program though not yet available in NY, IA, AR, or WI.
- Easy approval.
- No minimum credit score requirement.
- Accepted anywhere that takes MasterCard.
- Requires a minimum security deposit of $300.
Bad / No Credit
Required FICO score for this card: 0 to 619
You can apply if: you have never had a credit card or haven’t established a credit history yet; your credit has seen bankruptcies or foreclosures.
| Annual Fee | Activation Fee | Regular APR | Reporting Credit Bureaus | Inst. Response |
|---|---|---|---|---|
| $35 | See website | 9.9% | Yes | No |
- 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.
- Low APRs.
- Choose American Express® or MasterCard®.
- Helps you build or improve your credit score.
- $35 annual fee.
Bad / No Credit
Required FICO score for this card: 0 to 619
You can apply if: you have never had a credit card or haven’t established a credit history yet; your credit has seen bankruptcies or foreclosures.
| Annual Fee | Activation Fee | Regular APR | Reporting Credit Bureaus | Inst. Response |
|---|---|---|---|---|
| $50 | see site | 14.25% | Yes | No |
- Low APR - 14.25% on Purchases and Cash Advances.
- No Additional Monthly Fees. Just a Flat $50 Annual Fee.
- Charged at account opening and annually upon account anniversary.
- Build Credit History with All Three Major Credit Bureaus.
- Your Credit is not a Factor!
- We Report to all Three Major Credit Bureaus: TransUnion, Equifax and Experian.
- Maximum Credit Lines up to $5,000.
- Free Fraud Protection Against Unauthorized Use.
- Build Credit History.
- Real Visa Credit Card - Not a Prepaid or Debit Card.
- Good for building your credit rating.
- No Credit Check.
- No checking account required!
Secured Credit Cards in Brief
Secured credit cards require a small deposit of collateral and are subject to interest rates. Your security deposit may be refunded eventually if you pay off your entire balance each month. This also helps avoid high interest and improves your credit score.
The Skinny on Secured Credit Cards
If you can't get approved for an unsecured credit card, you can still apply for a secured credit card. Secured cards require a deposit and give you a better chance of being approved.
Unlike prepaid cards, secured cards do report payments to the three major credit bureaus (Equifax, Experian, and TransUnion), so using one can help rebuild a damaged credit history by making on-time payments with all your creditors and keeping balances below the credit limits. If you make payments successfully for a period of time, some issuers will convert your secured credit card account to a conventional, unsecured one.
Secured cards are recommended for people with past financial challenges and bad credit history. Banks are wary to approve people with bad credit and might deny their applications, even with a security deposit.
Our Experts about Secured Credit Cards
latest news:
Wells Fargo Debuts Secured Business Credit Card and Line of Credit
May 14, 2013
Wells Fargo is introducing a secured business credit card as well as a secured line of credit for small business owners with poor or limited credit.Continue reading
-
Square Stand Gives Cash Registers a Run for The MoneyMay 21, 2013
-
Fed Studies Reasons for Mobile Banking ResistanceMay 13, 2013
related research:
December 11, 2011
Since 2008, many consumers have found themselves in a bind when it comes to getting credit, and then once they get the credit, they find it hard to pay off their balances. In 2010 alone, credit card issuers had to charge off 11 percent of bank ...Continue reading
-
Establish credit history with simple and effective tips and guidelinesMay 30, 2011
-
Use a department store card or secured credit to establish credit with a no credit historyFebruary 08, 2011
LIKE us on Facebook!
- Get the latest credit card news
- Free expert consultation
- Share your credit card experiences
Secured Credit Cards Video
Improve Your Credit with Secured Credit Cards
July 18, 2012
Secured Credit Cards
Have a question regarding credit cards?
Ask our expert and get a FREE professional consultation by e-mail.
