What are the best secured credit cards for no credit? This question is about Best Credit Cards for People with No Credit

The best secured credit card for no credit is the Discover it® Secured Credit Card because it has a $0 annual fee, gives 1 - 2% cash back on purchases, and doubles the rewards cardholders earn the first year. This card requires a refundable security deposit of $200 or more, for a credit limit equal to the deposit amount. But it also offers the chance to graduate to an unsecured card after at least seven months of on-time payments. Best Secured Credit Cards for No Credit Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Platinum Secured Credit CardOpenSky® Plus Secured Visa® Credit CardFirst Progress Platinum Select Mastercard® Secured Credit CardUSAA® Secured American Express® CardUSAA® Secured Visa Platinum® Card In general, secured credit cards offer good approval odds to people with limited or no credit. They're designed for rebuilding credit, after all, and even people with bad credit scores can get approved. But even the best secured credit cards should only be a backup plan for people with no credit. There are also unsecured credit cards for no credit with no deposit required. Student credit cards are the best deals, with $0 annual fees and more than 1% back on purchases. But other people with limited credit should be able to find a good offer, too. So, you might want to try for an unsecured card for no credit first and then settle for a secured card if you don't get approved.

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What are the best secured credit cards for no credit?

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This question is about Best Credit Cards for People with No Credit

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Lisa Cahill, Credit Cards Moderator

@lisacahill • 08/15/23 This answer was first published on 03/11/21 and it was last updated on 08/15/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best secured credit card for no credit is the Discover it® Secured Credit Card because it has a $0 annual fee, gives 1 - 2% cash back on purchases, and doubles the rewards cardholders earn the first year. This card requires a refundable security deposit of $200 or more, for a credit limit equal to the deposit amount. But it also offers the chance to graduate to an unsecured card after at least seven months of on-time payments.

Best Secured Credit Cards for No Credit

In general, secured credit cards offer good approval odds to people with limited or no credit. They're designed for rebuilding credit, after all, and even people with bad credit scores can get approved. But even the best secured credit cards should only be a backup plan for people with no credit.

There are also unsecured credit cards for no credit with no deposit required. Student credit cards are the best deals, with $0 annual fees and more than 1% back on purchases. But other people with limited credit should be able to find a good offer, too. So, you might want to try for an unsecured card for no credit first and then settle for a secured card if you don't get approved.

What are the best store credit cards for no credit?

The best store credit card for no credit is the Fingerhut Credit Account because it has easy approval and a $0 annual fee. Aside from accepting people with no credit or even bad credit, the card doesn’t charge one-time fees or monthly fees, either. But keep in mind that you can only use it to make Fingerhut purchases.

Most store credit cards require fair credit or better for approval. But there are, however, a number of co-branded cards...

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What are the best easy approval secured credit cards?

The best easy approval secured card is the OpenSky® Plus Secured Visa® Credit Card because it does not require a credit check, it reports to the credit bureaus, and it has a $0 annual fee. To qualify, you will need to be 18+ years old and earn enough income to afford a $300+ security deposit, plus monthly bill payments.

Best Easy Approval Secured Credit Cards

Overall: OpenSky® Plus Secured Visa® Credit CardOpenSky® Plus Secured Visa® Credit CardLearn MoreLearn Moreon issuer's website
No Minimum Deposit: Chime Credit CardChime Credit CardLearn MoreLearn More
High Approval Odds: OpenSky® Secured Visa® Credit CardOpenSky® Secured Visa® Credit CardLearn MoreLearn Moreon issuer's website
Flat Rewards Rate: First Progress Platinum Select Mastercard® Secured Credit CardFirst Progress Platinum Select Mastercard® Secured Credit CardLearn MoreLearn Moreon issuer's website
Gas & Groceries: Credit One Bank® Secured CardCredit One Bank® Secured CardLearn MoreLearn More
Rates & FeesLow Deposit: Capital One Platinum Secured Credit CardCapital One Platinum Secured Credit CardLearn MoreLearn Moreon issuer's website

If you’re less concerned with easy approval than getting the best...

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WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Chime Credit Card, U.S. Bank Altitude® Go Visa® Secured Card, U.S. Bank Cash+® Visa® Secured Card, Credit One Bank® Secured Card, USAA® Secured Visa Platinum® Card, USAA® Secured American Express® Card, Fingerhut Credit Account, Montgomery Ward Credit Account, and Group One Platinum Card

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