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Secured Credit Cards

Listing and Recommendations for those who have no credit or are looking to rebuild their credit

Best Secured Credit Cards For Bad Credit Scores

If you have no credit or little credit, you should be able to get most secured cards. However, if your credit has taken a hit and you are rebuilding, many secured cards issued by mainstream banks will decline you. Therefore, the cards mentioned here are recommended for those of you who are rebuilding. They either have no credit checks or have a record (according to consumers) of accepting folks with bad credit. They also have very reasonable fees and rates compared to others in the market. Most folks should be able to get approved for these cards.

  1. State Department FCU EMV Secured Card - No credit checks but requires membership in ACC (American Consumer Council).
  2. Primor Secured Cards - No Credit Checks
  3. OpenSky Secured Card - No Credit Checks
  4. Capital One Secured - No Annual Fee and partially secured
  5. USAA Secured Visa®
  6. USAA Secured American Express
  7. Navy Federal nRewards Secured - For military members


Card Why We Like This Card?


SDFCU EMV Secured
This is one of the rare cards with no annual fee, comes with a reward program and does not perform any credit checks. The catch is you need to join the American Consumer Council for $15. The one thing we have noticed is that there are mixed reviews from consumers (over the internet) on your approval odds.


Primor Secured
Primor does not perform an credit checks as long as your income is greater than your deposit by $100. Feedback from consumers is that customer service is good. If you do not want a hard pull on your CR, then this is a card to consider.


OpenSky Secured
OpenSky also does not do any income or credit checks. If your credit is bad and you do not want any more hard pull on your credit report, then this is another card to consider. It also reports as unsecured in your CR.


Capital One Secured MasterCard
This card is very well known in the rebuilding circle. Unlike other cards, this card is actually partially secured. A $49 deposit gets you a $200 credit line. It does report as unsecured and you have a chance to graduate to another one of Capital One's unsecured credit card.


USAA Secured Visa®
USAA is well known for it's great customer service and many military members have rebuilt or built up their credit with this card. It does pay interest and reports as unsecured.

Navy Federal nRewards Secured
This is another great card for military members. There is no annual fee and you get paid interest on your deposit. It also reports as unsecured.

 

Secured Credit Cards Comparison Table

Below is a list of many of the most popular and talked about secured credit cards. They are many more cards that are issued by credit unions that are not listed here. The reason is that they are difficult to get approved and you need to live close to one to actually apply. We have listed important features like annual fees, rates, whether the account pays interest, how it reports in credit bureaus, whether you graduate to an unsecured card or not and whether they perform credit checks or not.

Card Annual Fee Rates Min/Max Deposit Pays Interest Graduates To Unsecured Reports As Credit Checks


SDFCU EMV Secured
$0 7.24% $200 Earns Interest Does Not graduate Secured No Credit Checks

Navy Federal nRewards Secured
$0 8.99% to 18.99% $500 Earns Interest Not Sure Unsecured Yes - Hard Pull
$39 13.99% $200 to $5,000 Not sure Not sure Not sure No Credit Checks
$35 17.64% $200 to $3,000 No Interest Does Not Graduate Unsecured No Credit Checks
$35 9.90% to 19.90% $250 to $5,000 (in 2yr CD) Earns Interest Does Not Graduate Unsecured Yes - Hard Pull

Capital One Secured MasterCard®
$0 24.99% $49, $99 or $200.
Initial deposits gets you a min of $200 credit line
No Interest Graduates to Unsecured Unsecured Yes - Hard Pull
$0 23.24% $200 to $2,500 No Interest Graduates to Unsecured Secured Yes - Hard Pull

Wells Fargo Secured
$25 29.24% $300 to $10,000 No Interest Graduates to Unsecured Secured Yes - Hard Pull

BankAmericard Secured
$39 20.24% $300 to $4,900 Not sure Graduates to Unsecured Secured Yes - Hard Pull

US Bank Secured
$29 19.24% $300 to $5,000 Earns Interest Graduates to Unsecured Secured Yes - Hard Pull
$25 22.24% $200 to $5,000 No Interest Yes - Review After 18 Months Secured Yes - Hard Pull

US Bank Secured
$29 19.24% $300 to $5,000 Earns Interest Graduates to Unsecured Secured Yes - Hard Pull

US Bank Secured
$25 - First Year $0 23.24% $300 to $5,000 Earns Interest Graduates to Unsecured Secured Yes - Hard Pull

US Bank Secured
$0 23.24% $300 to $5,000 Earns Interest Graduates to Unsecured Secured Yes - Hard Pull

US Bank Secured
$0 23.24% $300 to $5,000 Earns Interest Graduates to Unsecured Secured Yes - Hard Pull
$25 - First Year $0 23.24% $300 to $5,000 Earns Interest Graduates to Unsecured Secured Yes - Hard Pull
$50 16.24% $300 to $5,000 Earns Interest Graduates to Unsecured Secured Yes - Hard Pull
$40 21.24% $300 to $5,000 No Interest Graduates to Unsecured Secured Yes - Hard Pull
$40 21.24% $300 to $5,000 No Interest Graduates to Unsecured Secured Yes - Hard Pull
$24 24.24% $300 to $5,000 No Interest Not sure Not sure Yes - Hard Pull
$32 20.24% $300 to $5,000 Not sure Graduates to Unsecured Not sure Yes - Hard Pull
$39 17.99% $300 to $10,000 Not sure Does not graduate Not sure Yes - Hard Pull
$50 9.90% $200 to $5,000 Not sure Does not graduate Not sure No Credit Check
$0 11.75% $500 to $5,000 Yes Not sure Not sure Yes - Hard Pull
$36 17.70% $200 to $3,000 No Interest Not sure Not sure Yes - Hard Pull

First Premier Bank Secured
$50 19.90% $200 to $5,000 No Interest Graduate to unsecured Not sure Yes - Hard Pull

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