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Credit Card Applications » Secured Credit Cards

Secured Credit Card Offers

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.

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Capital One® Secured MasterCard®
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Key Feature: No annual fee, and all the credit building benefits with responsible card use
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
N/AN/A24.99% (Variable)$0See terms
Card Details:
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It’s a credit card accepted at millions of locations worldwide
Our Expert Opinion
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness

See card details
primor® Secured Visa Gold Card
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Key Feature: Reports to all three nationwide credit bureaus
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
N/AN/A9.99% (Fixed)$49N/A
Card Details:
  • Low fixed interest rates with no penalty rate!
  • Reports to all three nationwide credit bureaus
  • Fast, easy application process
  • No processing or application fees!
  • Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more
  • *See application for additional details
Our Expert Opinion
  • Low fixed interest rates with no penalty rate!
  • Reports to all three nationwide credit bureaus
  • Fast, easy application process

  • Requires a minimum security deposit.
See card details
OpenSky® Secured Visa® Credit Card
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Key Feature: Build Your Credit fast with our monthly reporting to all 3 major Credit Bureaus.
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
n/an/a17.64% (variable)$35See Terms
Card Details:
  • Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.
  • Choose your credit line as low as $200 up to $3,000, secured by a fully-refundable* security deposit.
  • Security deposit needs to be submitted before the credit card can be issued.
  • No credit check necessary and no checking account required; apply in less than 5 minutes.
  • Extra credit when you need it, increase your credit line up to $5,000.
  • Access to online financial education.
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card.
Our Expert Opinion
  • Monthly updates to 3 credit bureaus.
  • No Credit Check.
  • No checking account required!

  • Security deposit is required.
See card details
primor® Secured MasterCard Classic Card
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Key Feature: Reports to all three nationwide Credit Bureaus
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
N/AN/A13.99% (Fixed)$39N/A
Card Details:
  • Low fixed interest rates with no penalty rate!
  • Reports to all three nationwide credit bureaus.
  • Fast, easy application process.
  • No processing or application fees!
  • Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more
  • *See application for additional details.
Our Expert Opinion
  • No application fees.
  • Low fixed interest rates.
  • Reports to credit bureaus.
  • Guaranteed Approval.

  • Annual fee applies.
  • Secured credit account.
See card details
primor® Secured MasterCard Gold Card
Compare
Key Feature: Reports to all three nationwide Credit Bureaus
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
N/AN/A9.99% (Fixed)$49N/A
Card Details:
  • Low fixed interest rates with no penalty rate!
  • Reports to all three nationwide credit bureaus.
  • Fast, easy application process.
  • No processing or application fees!
  • Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more
  • *See application for additional details.
Our Expert Opinion
  • Reports to the credit bureaus.
  • Low fixed APR.
  • No application fees.

  • Annual fee applies.
  • Secured credit account.
See card details
USAA Secured Cards® American Express® Card
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Key Feature: Best for members rebuilding or establishing credit
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
n/an/a10.15% to 20.15% (V)$35See Terms
Card Details:
  • USAA Bank products are only available to military members, veterans who have honorably served, and their eligible family members.
  • Best for members rebuilding or establishing credit.
  • It´s a real credit card - not a debit or prepaid card.
  • Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
Our Expert Opinion
  • American Express credit card.
  • Low variable APR.
  • Interest-earning CD.

  • Annual fee applies.
See card details
primor® Secured Visa Classic Card
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Key Feature: Reports to all three nationwide Credit Bureaus
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
N/AN/A13.99% (Fixed)$39N/A
Card Details:
  • Low fixed interest rates with no penalty rate!
  • Reports to all three nationwide credit bureaus
  • Fast, easy application process
  • No processing or application fees!
  • Guaranteed Approval* as long as your monthly income exceeds your monthly expenses by $100 or more
  • *See application for additional details
Our Expert Opinion
  • Low fixed interest rates with no penalty rate!
  • Reports to all three nationwide credit bureaus
  • Fast, easy application process

  • Requires a minimum security deposit.
See card details
USAA Secured Card® Platinum Visa®
Compare
Key Feature: Best for members rebuilding or establishing credit
Expert Rating:
Summary of Card Features:
Intro APR on Purch.Intro APR on Bal. Tr.Regular APRAnnual FeeApplication Processing Fee
n/an/a10.15% to 20.15% (V)$35See Terms
Card Details:
  • USAA Bank products are only available to military members, veterans who have honorably served, and their eligible family members.
  • Best for members rebuilding or establishing credit.
  • It´s a real credit card - not a debit or prepaid card.
  • Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
Our Expert Opinion
  • No penalty APR.
  • The card is secured by an interest-earning CD.
  • A real credit card.

  • Minimum CD is $250.
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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March 16, 2015

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