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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 Credit Card - For Military Members
6. 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 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