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Best Secured Credit Cards

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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.

Sort Cards by:RatingAnnual FeeActivation FeeRegular APRInstant ResponseGuar. Approval
Limited / Bad Credit

Limited / Bad Credit
You can apply if: you have had your own credit card or other loan for less than 3 years; you have defaulted on a loan more than once or have been declined for a credit card in the last 3 months.

Compare (1)
You've selected 1 cards for comparison. Click on "Compare" link to go to the full comparison list.
Key Feature: Your minimum security deposit gets you a $200 Credit Line.
Expert Rating:
Credit-Land.com experts evaluate each card using several criteria (e.g., interest rates, fees, benefits and features, rewards programs, and customer service) in order to help you choose a card that's right for you. This rating reflects our experts' opinions, beliefs and experiences with credit card products. This rating is not influenced by payment considerations.
Summary of Card Features:
Annual FeeActivation FeeRegular APRReporting
Credit Bureaus
Instant Response
$29See terms22.9% (V)YesNo
Card Details:
  • Unlike a prepaid card, it builds credit when used responsibly.
  • Regular reporting to the 3 major credit bureaus.
  • Your minimum security deposit gets you a $200 credit line.
  • You may qualify for a credit line increase based on your payment history and creditworthiness - no additional deposit required.
  • It′s a credit card - accepted at millions of locations worldwide.
  • Easily manage your account 24/7 with online access, by phone or using our mobile app.
  • Get free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker.
Our Expert Opinion
  • Great for rebuilding your credit.
  • Doesn´t have foreign transaction fees.
  • Allows you to earn a credit limit increase.

  • High standard APR.
See card details
Bad / No Credit

Bad / No Credit
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 defaults.

Compare (1)
You've selected 1 cards for comparison. Click on "Compare" link to go to the full comparison list.
Key Feature: It´s a Real Credit Card
Expert Rating:
Credit-Land.com experts evaluate each card using several criteria (e.g., interest rates, fees, benefits and features, rewards programs, and customer service) in order to help you choose a card that's right for you. This rating reflects our experts' opinions, beliefs and experiences with credit card products. This rating is not influenced by payment considerations.
Summary of Card Features:
Annual FeeActivation FeeRegular APRReporting
Credit Bureaus
Instant Response
$35See website9.9%YesYes
Card Details:
  • 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.
  • Before starting your application, USAA will ask you a few questions to establish your online access and eligibility with USAA.
  • If you are not eligible, USAA credit cards and other products may still be available.
Our Expert Opinion
  • Additional travel and retail benefits.
  • Low regular APR.
  • 2-year variable rate CD.

  • Annual fee applies.
See card details
Bad / No Credit

Bad / No Credit
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 defaults.

Compare (1)
You've selected 1 cards for comparison. Click on "Compare" link to go to the full comparison list.
Key Feature: Build Your Credit, with monthly updates to all 3 Credit Bureaus
Expert Rating:
Credit-Land.com experts evaluate each card using several criteria (e.g., interest rates, fees, benefits and features, rewards programs, and customer service) in order to help you choose a card that's right for you. This rating reflects our experts' opinions, beliefs and experiences with credit card products. This rating is not influenced by payment considerations.
Summary of Card Features:
Annual FeeActivation FeeRegular APRReporting
Credit Bureaus
Instant Response
$29See terms17.50% (V)YesNo
Card Details:
  • Build Your Credit, with monthly updates to all 3 credit bureaus.
  • Control Your Finances, start with a security deposit and credit line as low as $200.
  • Apply in less than 5 minutes, NO credit check necessary.
  • Avoid paying interest, no interest charged on new purchases if the balance is paid in full by the due date each month.
Our Expert Opinion
  • Good for building your credit rating.
  • No Credit Check.
  • No checking account required!

See card details
Bad / No Credit

Bad / No Credit
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 defaults.

Compare (1)
You've selected 1 cards for comparison. Click on "Compare" link to go to the full comparison list.
Key Feature: It´s a Real Credit Card - not a Prepaid or Debit Card
Expert Rating:
Credit-Land.com experts evaluate each card using several criteria (e.g., interest rates, fees, benefits and features, rewards programs, and customer service) in order to help you choose a card that's right for you. This rating reflects our experts' opinions, beliefs and experiences with credit card products. This rating is not influenced by payment considerations.
Summary of Card Features:
Annual FeeActivation FeeRegular APRReporting
Credit Bureaus
Instant Response
$35See website9.9%YesNo
Card Details:
  • 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.
Our Expert Opinion
  • Low APRs.
  • Choose American Express® or MasterCard®.
  • Helps you build or improve your credit score.

  • $35 annual fee.
See card details
Bad Credit

Bad Credit
You can apply if: you have late payments or maxed out credit balance; you have more than one foreclosure, repossession, defaulted on a loan more than once or have a recently discharged bankruptcy; you have been declined for a credit card in the last three months.

Compare (1)
You've selected 1 cards for comparison. Click on "Compare" link to go to the full comparison list.
Key Feature: Monthly reporting to all 3 major credit bureaus
Expert Rating:
Credit-Land.com experts evaluate each card using several criteria (e.g., interest rates, fees, benefits and features, rewards programs, and customer service) in order to help you choose a card that's right for you. This rating reflects our experts' opinions, beliefs and experiences with credit card products. This rating is not influenced by payment considerations.
Summary of Card Features:
Annual FeeActivation FeeRegular APRReporting
Credit Bureaus
Instant Response
$44$011.99% (Variable)YesNo
Card Details:
  • 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.
  • * See Card Terms.
Our Expert Opinion
  • Fast and easy approval even with no credit.
  • Monthly credit reporting.
  • Up to $2,000 credit limit.

  • Requires a security deposit.
  • Not available in NY, IA, AR, or WI.
See card details
Bad Credit

Bad Credit
You can apply if: you have late payments or maxed out credit balance; you have more than one foreclosure, repossession, defaulted on a loan more than once or have a recently discharged bankruptcy; you have been declined for a credit card in the last three months.

Compare (1)
You've selected 1 cards for comparison. Click on "Compare" link to go to the full comparison list.
Key Feature: Monthly reporting to all 3 major credit bureaus
Expert Rating:
Credit-Land.com experts evaluate each card using several criteria (e.g., interest rates, fees, benefits and features, rewards programs, and customer service) in order to help you choose a card that's right for you. This rating reflects our experts' opinions, beliefs and experiences with credit card products. This rating is not influenced by payment considerations.
Summary of Card Features:
Annual FeeActivation FeeRegular APRReporting
Credit Bureaus
Instant Response
$29$019.99% (Variable)YesNo
Card Details:
  • 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.
  • * See Card Terms.
Our Expert Opinion
  • Easy approval.
  • No minimum credit score requirement.
  • Accepted anywhere that takes MasterCard.

  • Requires a minimum security deposit of $300.
See card details

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

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