John S Kiernan, Managing Editor
@John
One of the best secured credit cards to rebuild credit with is the Capital One Quicksilver Secured Cash Rewards Credit Card because of its low deposit requirement and $0 annual fee. The deposit is $200, depending on your credit standing, but you’re guaranteed a $200 credit limit. Plus, Capital One Quicksilver Secured gives 1.5 - 5% cash back on all purchases.
Another good option is the OpenSky® Secured Visa® Credit Card. It doesn’t even require a credit check when you apply, which makes it great for rebuilding really bad credit. Or, if you want to enjoy some perks while you rebuild, Bank of America® Customized Cash Rewards Secured Credit Card is also a good option as it offers 1 - 2% cash back on your purchases.
Some of the Best Secured Credit Cards to Rebuild Credit
To be clear, all major secured credit cards can help you rebuild your credit. They all report account information to the major credit bureaus every month. Also, all those with low annual fees and low deposit requirements are in the running for the top spot. But the Capital One Quicksilver Secured, OpenSky, and Bank of America Custom Cash Secured Card bring something special to the table.
How to Rebuild Credit with a Secured Credit Card
Choosing the best secured credit card to rebuild credit is only the first step toward actually rebuilding. You must also use that card responsibly month after month so that positive information flows to the credit bureaus. Regularly adding positive information to your credit reports gradually covers up negative records from the past.
Your card will report positive information as long as you pay your bill on time every month. Using less than 30% of your spending limit each month or paying multiple times per month can help, too. But if you really want to rebuild your credit, you’ll need to get the rest of your finances in order as well. That means paying down debt, catching up on past-due accounts and steering clear of collections accounts.

Popular Secured Credit Cards
Compare CardsPreston Garvey, Member
@preston_garvey3
I think that the OpenSky® Secured Visa® Credit Card is definitely the best for rebuilding. You don't get any rewards with it, but they don't put a hard inquiry on your credit report either. It's a breath of fresh air, really. Can't stand seeing those just hurt your credit for no apparent reason.
Percy Rossman, Member
@percy_rossman
There are several really good secured credit cards that can help you rebuild your credit, provided of course you use them responsibly. Some of them are: the Capital One Platinum Secured Credit Card, which reports to all 3 major credit bureaus, and doesn’t have an annual fee; the Discover it® Secured Credit Card (also without an annual fee, and gives you cash back on every purchase), and the OpenSky® Secured Visa® Credit Card, which doesn’t check your credit.
People also ask
Austin Evans, Member
@jabbathehut_1
For me, it was Capital One Platinum Secured Credit Card. They saved me a lot of trouble. Being a Mastercard it was accepted everywhere and Capital One's customer service was top-notch.
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