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Credit Cards

Best Secured Credit Cards

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We feature the top 5 secured credit cards. These credit cards offer automatic reporting to all three national credit bureaus. This reporting assists consumers with limited, bad, or poor credit history to build credit.

Each of these credit cards requires a refundable deposit, once the secured credit card is issued it operates similar to a regular credit card. These credit cards can be used for regular purchases such as groceries, hotel stays, flight bookings, etc.

#1 – Applied Bank® Secured Visa® Gold Preferred® Credit Card

  • 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
Regular APR9.99%
Annual Fee$48
Credit LineSee website for Details*
Credit RecommendedPoor/Fair/Limited/Damaged

 

 

 

#2 – First Progress Platinum Prestige MasterCard® Secured Credit Card

  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application; No credit inquiry required!
  • Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by Experian
  • Full-Feature Platinum Mastercard® Secured Credit Card; Try our new Mobile App for Android users!
  • Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 — $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
  • Nationwide Program though not yet available in NY, IA, AR, or WI *See Card Terms.
  • Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.
Regular APR9.99% (V)
Annual Fee$49
Credit Line$2,000
Cash Advance APR18.99 (V)
Credit RecommendedPoor/Limited/No Credit

#3 – First Progress Platinum Select MasterCard® Secured Credit Card

  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application; No credit inquiry required!
  • Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by Experian
  • Full-Feature Platinum Mastercard® Secured Credit Card; Try our new Mobile App for Android users!
  • Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 — $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
  • Nationwide Program though not yet available in NY, IA, AR, or WI *See Card Terms.
  • Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.
Regular APR13.99% (V)
Annual Fee$39
Credit Line$2,000
Cash Advance APR19.99% (V)
Credit RecommendedPoor/Limited/No Credit

#5 – The First Progress Platinum Elite MasterCard® Secured Credit Card

  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application; No credit inquiry required!
  • Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by Experian
  • Full-Feature Platinum Mastercard® Secured Credit Card; Try our new Mobile App for Android users!
  • Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 — $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
  • Nationwide Program though not yet available in NY, IA, AR, or WI *See Card Terms.
  • Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.

Program Specs

Regular APR19.99% (V)
Annual Fee$29
Credit Lineup to $2,000
Cash Advance APR24.99% (V)
Credit RecommendedPoor/Limited/No Credit

#4 – Surge Secured Mastercard

  • Initial refundable deposit of $300 becomes your credit limit
  • 1% Cash Back rewards on every purchase
  • Free access to your Vantage 3.0 Score from TransUnion (When you sign up for e-statements)
  • Monthly reporting to the three major credit bureaus
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere Mastercard is accepted
  • $0 Fraud Liability
  • Checking Account Required
Regular APR19.99% Variable
Annual Fee$69
Credit Line$300
Credit RecommendedAll Credit Types Welcome to Apply

FAQ:

What is a Secured Credit Card?

This is simply a credit card that is backed by a cash deposit from the cardholder. This serves as collateral on the users account, the purpose is to provide the credit card issuer with the security that the funds are secure in case the cardholder cannot make a payment. These types of credit cards are often the best option for people who have zero credit history, or a bad or poor credit score.

Why is no credit check important?

Everytime there is a credit check it is is recorded on your credit report and this may reduce your overall credit score. This is why it is beneficial to avoid credit checks when at all possible.

Do I need a secured credit card?

If you have no credit history, bad or poor credit, the best way to ensure that you are approved for a credit card is with a secured credit card as this dramatically reduces the risk to the credit card issuer. That being stated, you may still be approved if you apply for a card under our Bad Credit Credit Cards page.

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