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March 2023: Best Secured Credit Cards from Our Partners

Banks have become cautious during the pandemic, and if you have limited or poor credit history, they may require a refundable security deposit to act as collateral on your credit card account (see issuer website for full details). Think of it like a security deposit you'd put down on an apartment. The bank protects itself, while still letting you build up your credit history. It's a win-win situation. Let the Credit-Land.com experts steer you toward the secured credit card with the lowest fees and best terms for your needs.

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Discover it® Secured Credit Card

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APPLY NOW

on Discover's secure website

New/Rebuilding

Top Secured Credit Card

BEST CHOICE of March 2023

Rating 4.5

  • No credit score required to apply.
  • No Annual Fee.
  • Use your tax refund to fund your security deposit and start building your credit history. Your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
*See Terms
See more details

our choice

$0
Annual Fee
Annual Fee
$0
Regular APR
27.49% Variable APR
Balance Transfer Fee
3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*
Late Payment Fee
None the first time you pay late. After that, up to $41.
Credit Line from
$200
Security Deposit
$200
Credit Line
Use your tax refund to fund your security deposit and start building your credit history. Your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
Credit Line Increase
Upon approval
Reporting
to the Major Consumer Reporting Agencies
Build Credit
Yes
Card Usage
Use Anywhere
Credit Check
Yes

Build Your Credit with a Secured Credit Card

Secured credit cards are designed for people with limited or bad credit who want to build or rebuild their credit history. The cards are reported to major consumer reporting agencies (credit bureaus) - Experian, Equifax, and TransUnion. Use your secured credit card as a tool: put only small charges on it, which you will surely pay off, and use the card each month, so you don't lose it due to inactivity. Thus, if you manage your secured card responsibly and keep any other active credit accounts in good standing (always pay on time and keep your balances low), you will be able to improve your credit.

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Compare all these offers

Capital One Platinum Secured Credit Card

Apply for Capital One Platinum Secured Credit Card - Credit-Land.com
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APPLY NOW

on Capital One's secure website

Limited, Bad Credit

our choice

Rating 3.8

  • Click "APPLY ONLINE" to apply now
  • No annual or hidden fees. See if you're approved in seconds
  • Building your credit? Using the Capital One Platinum Secured card responsibly could help
  • Put down a refundable security deposit starting at $49 to get a $200 initial credit line
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app

our choice

$0
Annual Fee
Annual Fee
$0
Regular APR
29.74% (Variable)
Balance Transfer Fee
$0 at this Transfer APR
Late Payment Fee
Up to $40
Credit Line
Increase
Available
Security Deposit
$49, $99 or $200
Credit Line
You'll get an initial credit line of $200
Credit Line Increase
Be automatically considered for a higher credit line in as little as 6 months
Reporting
to the Major Consumer Reporting Agencies
Build Credit
Yes
Instant Response
No
Card Usage
Use Anywhere

The Self Visa® Credit Card

Apply for The Self Visa® Credit Card - Credit-Land.com
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APPLY NOW

Limited / No Credit
Get Your Credit Score Online

our choice

Rating 3.4

  • Your next tool for building credit!
  • The Self Visa® Credit Card reports to the three major credit bureaus in the U.S.
  • Accounts in good standing may have opportunities to increase the credit limit over time.
  • Your Credit Builder Account savings progress secures your Self credit card and sets your limit.
  • Your card can be used everywhere Visa credit cards are accepted in the U.S.
  • No credit check or a hard pull.

our choice

$100
Credit Limit
Security Deposit
$100
Credit Line
The minimum credit limit is $100.
Credit Line Increase
Accounts in good standing may have opportunities to increase the credit limit over time.
Build Your Credit
Build Credit
Yes
Credit Line
The minimum credit limit is $100.
Card Usage
Use anywhere Visa is accepted
Reporting
to the Major Consumer
Reporting Agencies
Build Credit
Your next tool for building credit!
Card Usage
Use anywhere Visa is accepted

First Progress Platinum Select Mastercard® Secured Credit Card

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APPLY NOW

Poor/Limited/No Credit
Get Your Credit Score Online

our choice

Rating 3.7

  • Earn 1% Cash Back Rewards on payments made to your First Progress Secured credit card account.
  • No minimum credit history or credit score required!
  • Imagine being rewarded for simply paying your bill each month.
  • Accepted wherever Mastercard® is accepted, online and worldwide!
  • Reports to all 3 major credit bureaus
  • Manage your statements, transactions & rewards on-the-go with the First Progress Card Mobile App!

our choice

No Credit Check
Card Network
Mastercard®
Card Type
Secured
Regular APR
18.49% (V)
Annual Fee
$39
Credit Line from
$200
Security Deposit
$200
Credit Line
$200 - $2,000
Credit Line Increase
Up to $5,000 (subject to credit approval).
Up to
1%
Cash Back
Max. Rewards
Earn 1% Cash Back Rewards on payments made to your First Progress Secured credit card account.

Merrick Bank Double Your Line® Secured Credit Card

Apply for Merrick Bank Double Your Line® Secured Credit Card - Credit-Land.com
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APPLY NOW

See website for Details
Get Your Credit Score Online

our choice

Rating 3.4

  • Put down $200, which becomes your credit line. Then, if you qualify, double your credit line to $400 without making another deposit.
  • Double your $200 credit line by making at least your minimum payment on time each month for the first 7 months your account is open
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
  • Get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

our choice

Double Your Line
Credit Line
Put down $200, which becomes your credit line. Then, if you qualify, double your credit line to $400 without making another deposit.
Credit Check
Yes
Pre-Approval
No
Reporting
to the Major Consumer Reporting Agencies
Build Credit
Yes
Card Usage
Use Anywhere.
Credit Check
Yes
Rebuild Your Credit
Build Credit
Yes
Card Category
Secured
Credit Bureau Reporting
Yes
Credit Check
Yes

First Latitude Platinum Mastercard® Secured Credit Card

Apply for First Latitude Platinum Mastercard® Secured Credit Card - Credit-Land.com
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APPLY NOW

Poor/Limited/No Credit
Get Your Credit Score Online

our choice

Rating 3.7

  • Earn 1% Cash Back Rewards on payments made to your First Latitude Secured credit card account.
  • Building credit starts immediately when you open your account - just pay your bill on time to establish your credit.*
  • Reports to all 3 major credit bureaus
  • First Latitude is accepted wherever Mastercard® is accepted, online and worldwide!
  • Pay 6-months-on-time and apply to get a second credit card in your wallet!
  • *Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.

our choice

$100
Credit Limit
Security Deposit
$100
Credit Line
See website for Details*
Credit Line Increase
See website for Details*
Up to
1%
Cash Back
Max. Rewards
Earn 1% Cash Back Rewards on payments made to your First Latitude Secured credit card account.
Build Your Credit
Build Credit
Yes
Credit Bureau Reporting
Yes
Credit Check
Yes

Capital One Quicksilver Secured Cash Rewards Credit Card

Apply for Capital One Quicksilver Secured Cash Rewards Credit Card - Credit-Land.com
Compare
APPLY NOW

on Capital One's secure website

Limited, Bad Credit

our choice

Rating 4.3

  • Click "APPLY ONLINE" to apply now
  • No annual or hidden fees, and you can earn unlimited 1.5% cash back on every purchase, every day. See if you're approved in seconds
  • Put down a refundable $200 security deposit to get a $200 initial credit line
  • Building your credit? Using a card like this responsibly could help
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024

our choice

Earn More
on Your
Daily Spending
Rewards on everyday purchases
1.5% Cash Back on every purchase, every day
Max. Rewards
5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
Rewards expiration
Cash back won't expire for the life of the accountµ
$0
Annual Fee
Annual Fee
$0
Regular APR
29.74% (Variable)
Balance Transfer Fee
$0 at this Transfer APR
Late Payment Fee
Up to $40
Credit Line
Increase
Available
Security Deposit
$200
Credit Line
You'll get an initial credit line of $200
Credit Line Increase
Be automatically considered for a higher credit line in as little as 6 months

Merrick Bank Secured Credit Card

Apply for Merrick Bank Secured Credit Card - Credit-Land.com
Compare
APPLY NOW

See website for Details*
Get Your Credit Score Online

our choice

Rating 3.2

  • Choose your own credit line based on how much money you want to put down as a security deposit.
  • Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
  • After 9 months, we review your account for a credit line increase. No additional deposit required!
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
  • Get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

our choice

Credit Line
Increase
Available
Security Deposit
$200
Credit Line
Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
Credit Line Increase
Increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
Rebuild Your Credit
Build Credit
Yes
Card Category
Secured
Credit Bureau Reporting
Yes
Credit Check
Yes
Reporting
to the Major Consumer Reporting Agencies
Build Credit
Yes
Card Usage
Use Anywhere.
Credit Check
Yes

Applied Bank® Secured Visa® Gold Preferred® Credit Card

Apply for Applied Bank® Secured Visa® Gold Preferred® Credit Card - Credit-Land.com
Compare
APPLY NOW

Poor/Fair/Limited/Damaged
Get Your Credit Score Online

our choice

Rating 3.5

  • Better than Prepaid…Go with a Secured Card! Load One Time - Keep On Using
  • Absolutely No Credit Check or Minimum Credit Score Required
  • Automatic Reporting to All Three National Credit Bureaus
  • 9.99% Low Fixed APR - Your Rate Won’t Go Up Even if You Are Late
  • Activate Today with a $200 Minimum Deposit - Maximum $1,000.
  • Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime

our choice

9.99%
APR on Purchases
Annual Fee
$48
Regular APR
9.99% Fixed
Late Payment Fee
Up to $38
Credit Line from
$200
Security Deposit
$200
Credit Line
Activate Today with a refundable Security Deposit, Minimum $200, Maximum $1,000.
Credit Line Increase
Increase Your Credit Limit up to $5,000
Instant Response
Instant Response
Yes
Card Network
Visa®
Credit Check
No

First Progress Platinum Prestige Mastercard® Secured Credit Card

Apply for First Progress Platinum Prestige Mastercard® Secured Credit Card - Credit-Land.com
Compare
APPLY NOW

Poor/Limited/No Credit
Get Your Credit Score Online

our choice

Rating 3.7

  • Earn 1% Cash Back Rewards on payments!
  • No minimum credit history or credit score required.
  • Past credit issues shouldn’t prevent you from getting a credit card with great benefits & rewards!
  • Accepted wherever Mastercard® is accepted, online and worldwide!
  • Reports to all 3 major credit bureaus.
  • Manage your statements, transactions & rewards on-the-go with the First Progress Card Mobile App!

our choice

No Credit Check
Card Network
Mastercard®
Card Type
Secured
Regular APR
14.49% (V)
Annual Fee
$49
$200
Credit Limit
Security Deposit
$200
Credit Line
$200 - $2,000
Credit Line Increase
Up to $5,000 (subject to credit approval).
Up to
1%
Cash Back
Max. Rewards
Earn 1% Cash Back Rewards on payments!

PREMIER Bankcard® Secured Credit Card

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APPLY NOW

Bad / Limited / No Credit

our choice

Rating 3.7

  • There’s no checking account required.
  • When you need assistance, our award-winning, U.S.-based Customer Service representatives are there to help.
  • After six months of responsible secured card use you may be eligible§ to apply for an unsecured PREMIER Bankcard® Mastercard®.
  • §PREMIER Bankcard® Mastercard® available upon invitation after you’ve been with us for six months and have kept your account in good standing (on-time payments and staying within credit limit).
  • If approved, make your first six monthly minimum payments on time and we may send you an offer to apply for an unsecured credit card. Some restrictions apply.§§
  • §§If you apply for the second account, which is unsecured, you will be approved if you can demonstrate the ability to pay your bills, meet our minimum income requirements, do not reside in New York or Wisconsin and are not covered under the Military Lending Act.

our choice

Credit Line from
$200
Security Deposit
$200
Credit Line
$200
Credit Line Increase
See Provider Website
Response in
60
Seconds
Response in 60 Seconds
Yes
Card Network
Mastercard
Credit Check
Yes
Reporting
to the Major Consumer
Reporting Agencies
Build Credit
Build credit by keeping your balance low and paying all your bills on time every month.
Card Usage
Use anywhere Mastercard is accepted (subject to available credit).

Chime Secured Credit Builder Visa® Credit Card

Apply for Chime Secured Credit Builder Visa<sup>®</sup> Credit Card - Credit-Land.com
Compare
APPLY NOW

Fair/Bad/No Credit
Get Your Credit Score Online

our choice

Rating 4.1

  • Chime® Checking Account and $200 qualifying direct deposit required to apply. Eligibility requirements apply for Credit Builder metal card
  • Free credit building, no matter your credit history
  • No annual fees or interest3
  • No credit check to apply
  • No minimum security deposit required1
  • Whether it’s gas or groceries, all purchases can count towards building credit via on-time payment
  • Reports to all 3 major credit bureaus
  • View and track your FICO score right in the Chime app. FICO is the credit score used by 90% of lenders2
  • The Chime Credit Builder Visa® Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.
  • 1Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.
  • 2Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Learn More
  • 3Out-of-network ATM withdrawal fees apply except at MoneyPass ATMs in a 7-Eleven location or any Allpoint or Visa Plus Alliance ATM.

our choice

$0
Annual Fee
Annual Fee
$0
Foreign Transaction Fee
See terms
Late Payment Fee
See terms
No Credit Check
Card Network
Visa®
Card Type
Secured
Regular APR
N/A
Annual Fee
$0
Reporting
to the Major Consumer Reporting Agencies
Build Credit
Yes
Instant Response
No
Card Usage
Use Anywhere
SHOW MORE CARDS

Discover it® Secured Credit Card

New/Rebuilding
Apply for Discover it® Secured Credit Card - Credit-Land.com
Compare

Rating 4.5

APPLY NOW

on Discover's secure website

CASH BACK AND $0 ANNUAL FEE
OFFER of March 2023

  • No credit score required to apply.
  • No Annual Fee.
  • Use your tax refund to fund your security deposit and start building your credit history. Your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
*See Terms
See more details

HAVE DIFFERENT CREDIT HISTORY?

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questionsABOUT
CREDIT CARDS

What is a secured credit card?

A secured credit card requires a security deposit to act as collateral for the line of credit. They are designed for people with limited or damaged credit who want to rebuild their credit history. Benefits of secured...

Read more
Why do secured credit cards require a security deposit?

First off let me say congratulations. The move towards a secure credit card means that you have had poor credit management in the past before, and you are attempting to reconcile your differences, and put your best foot...

Read more
Why go for a secured credit card?

Many people have had problems with keeping up with their payments each month following the recession. So many lost their jobs and still others were not able to meet with their loan payments, mortgage and other expenses....

Read more
See all questions

NOT SURE WHICH CARD
TO CHOOSE?

Ask our Experts and get free advice to your email!

ASK QUESTION

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 advantage of such 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.


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 consumer reporting agencies (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.

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commentsABOUT
SECURED CREDIT CARDS🜂

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