WalletHub, Financial Company
@WalletHub
There are plenty of banks and credit unions that offer secured credit cards, including Bank of America, Capital One, and Citibank.
Major Banks That Offer Secured Credit Cards
A number of smaller banks and credit unions offer secured credit cards, too. They include Capital Bank, First Progress, and Applied Bank, among others. The major banks that do not offer secured cards are American Express, Barclays, Chase, and Synchrony Bank.
Keep in mind that it’s not a secured credit card’s issuer that really matters. Your goal should be to find the card with the lowest possible annual fee, no matter who offers it. And you can achieve that goal by comparing secured credit cards using WalletHub's free comparison tool. You can also try our free CardAdvisor to get a personalized recommendation based on your answers to a few simple questions.
Popular Secured Credit Cards
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Jeff Nowel, Member
@jeffrey_nowel5
Quite a lot of them. Since secured cards are the start of a relationship with a bank for many many people (because they help build/rebuild credit), many of them have one or more. Cap One, Boa, Citi, Discover are just a few, but you can even find some from credit unions, looking to keep local folks with them.
Clarissa Motos, Member
@clarissa_motos
There are a lot of banks that offer secured credit cards. Some of the most important ones are: Capital One, Citi, U.S. Bank, Wells Fargo, Merrick Bank, Bank of America, and USAA. There are also some smaller banks and even credit unions offering secured cards, all in the interest of helping you build or repair your credit.
People also ask
What banks offer secured business credit cards?
First National Bank of Omaha and Bank of America are among the banks that offer secured business credit cards. However, it is worth noting that secured business credit cards are pretty rare. Banks are far more likely to offer general-consumer secured cards or unsecured business credit cards.
Banks That Offer Secured Business Credit Cards
- First National Bank of Omaha: First National Bank of Omaha Business Edition® Secured Mastercard® Credit CardFirst National Bank of Omaha Business Edition® Secured Mastercard® Credit CardLearn MoreLearn More
- Bank of America: Business Advantage Unlimited Cash Rewards Secured credit cardBusiness Advantage Unlimited Cash Rewards Secured credit cardLearn MoreLearn More
Even though there are so few banks that offer secured business credit cards to small business owners with bad credit, that doesn’t mean those...
read full answerWhat's a good secured credit card with a low deposit?
One of the best secured credit cards with a low deposit is the Capital One Platinum Secured Credit Card. With this card, you may be able to put down either $49, $99 or $200 and still get a $200 credit line, which would make the card only partially secured. Plus, there’s a $0 annual fee.
Other secured cards don’t have the potential to be quite as cheap, but there are a few really good options with a $200 minimum deposit. That’s still pretty low...
read full answerWhat's the best high limit secured credit card?
The best high limit secured credit card is the U.S. Bank Altitude® Go Visa® Secured Card. You can put down a security deposit of up to $5,000 to receive a credit limit of the same amount, and you will earn 1 - 4 points per $1 spent on purchases. The card is available to people with bad credit, and it has a $0 annual fee. The regular APR is 29.99% (V).
With almost all secured credit cards, your credit limit is the same amount as the...
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