Tom Lipkis, WalletHub Credit Card Consultant
@cindercard
No, there is no American Express secured credit card at the moment. American Express only offers unsecured credit cards, which do not require the cardholder to put down a refundable deposit in order to open the account. However, there are several secured credit cards from other issuers to consider.
Some of the Best Secured Credit Cards
Keep in mind that, with secured cards, the deposit usually serves as the spending limit on the card, and the issuer can keep the deposit if the cardholder fails to repay what they owe. As a result, secured credit cards are relatively easy to get approved for.
Ultimately, it is worth noting that using a secured card responsibly can help you eventually build your credit to the point where you can qualify for a credit card from American Express.
Sharanda, Member
@atwatersharanda
Actually, I recently saw a Secured American Express promotion. It was issued by USAA and available to members. Minimum deposit if $250 and with $0 one time fee, $0 monthly fee and $0 annual fee. I believe I saw this on WalletHub. Good luck!
USAA® Secured American Express® Card - WalletHub https://wallethub.com/d/usaa-secured-credit-card-528c
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