Adam McCann, Financial Writer
@adam_mcan
You can put down a $2,000 deposit on most secured credit cards and receive a $2,000 credit limit. Secured credit card issuers usually let you deposit $200-$2,000 or more and will fully refund your security deposit if you close the account with a $0 balance.
Popular Secured Cards That Let You Deposit $2,000+
- $25,000 max deposit: First Tech Federal Credit Union Platinum Secured Mastercard®Learn MoreLearn More
- $25,000 max deposit: First Tech Federal Credit Union Platinum Secured Mastercard®Learn MoreLearn Moreon issuer's website
- $25,000 max deposit: First Tech Federal Credit Union Platinum Secured Mastercard®Learn MoreLearn More
- $5,000 max deposit: Bank of America® Unlimited Cash Rewards Secured Credit CardLearn MoreLearn More
- $5,000 max deposit: Bank of America® Unlimited Cash Rewards Secured Credit CardLearn MoreLearn Moreon issuer's website
- $5,000 max deposit: Bank of America® Unlimited Cash Rewards Secured Credit CardLearn MoreLearn More
- $5,000 max deposit: U.S. Bank Secured Visa® CardLearn MoreLearn More
- $5,000 max deposit: U.S. Bank Secured Visa® CardLearn MoreLearn Moreon issuer's website
- $5,000 max deposit: U.S. Bank Secured Visa® CardLearn MoreLearn More
- $5,000 max deposit: Bank of America® Customized Cash Rewards Secured Credit CardLearn MoreLearn More
- $5,000 max deposit: Bank of America® Customized Cash Rewards Secured Credit CardLearn MoreLearn Moreon issuer's website
- $5,000 max deposit: Bank of America® Customized Cash Rewards Secured Credit CardLearn MoreLearn More
- $3,000 max deposit: opensky® Plus Secured Visa® Credit CardLearn MoreLearn Moreon issuer's website
- $3,000 max deposit: opensky® Plus Secured Visa® Credit CardLearn MoreLearn Moreon issuer's website
- $3,000 max deposit: opensky® Plus Secured Visa® Credit CardLearn MoreLearn More
- $3,000 max deposit: Merrick Bank Secured Credit CardLearn MoreLearn Moreon issuer's website
- $3,000 max deposit: Merrick Bank Secured Credit CardLearn MoreLearn Moreon issuer's website
- $3,000 max deposit: Merrick Bank Secured Credit CardLearn MoreLearn More
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Regardless of your credit limit, the purpose of a secured credit card is to help you build or rebuild your credit history. By using the card responsibly and making timely payments, you can demonstrate your creditworthiness and improve your credit score over time.
To learn more, check out our secured credit card guide. You can also check out our editors' complete picks for the best secured credit cards.
Popular Secured Credit Cards from Our Partners
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No Credit Check
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Partially Secured
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Rewards
People also ask
Which secured credit card has the highest limit?
The secured credit card with the highest credit limit is the Rize Credit Union Secured Platinum Credit Card because you get a credit limit as high as $50,000 if you deposit the same amount. Credit limits on secured cards usually match the security deposit.
Anyone can join Rize Credit Union by becoming a member of the American Consumer Council (ACC) or the Quality Service Council (QSC) for free.
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One...
read full answer by Chip Lupo, Credit Card WriterHow much can you spend on a secured credit card?
You can spend up to the amount of your security deposit with a secured credit card. Depending on the card, you could have anywhere from $200 to $25,000 in spending power, as long as you’re able to put up the required deposit.
With most secured cards, your credit limit matches the exact amount of your security deposit. However, some secured cards are only partially secured, potentially allowing you to have a slightly higher credit...
read full answer by Adam McCann, Financial WriterCan I put more money on my secured credit card?
Yes, you can put more money on your secured credit card, either by contacting customer service or by making a request through your online account. However, different issuers have different policies about credit limit increases on secured cards.
Putting More Money on Your Secured Credit Card: Things to Know
- Some credit card issuers require that you make additional deposits, up to the maximum amount allowed before the account opens.
- There might be a...
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