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Yes, the TD Cash Secured Credit Card is not the cheapest offer in the market. We can recommend you consider a more beneficial secured credit card instead. For example, the Discover it® Secured Credit Card comes with a $0 annual fee and requires a refundable security deposit of minimum $200 that is to become your credit line. After 8 months, Discover will automatically start making reviews to see if it is possible to switch you to an unsecured line of credit and return your deposit. What is more, the card has a rewards program: you may earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and unlimited 1% cash back on all other purchases - automatically. After the end of the first year, all of the cash back rewards you've earned will be matched.