WalletHub, Financial Company
@WalletHub
Capital One is the best bank for secured credit cards as it has multiple cards with $0 fees and low security deposits. You can choose between the Capital One Platinum Secured Credit Card and the Capital One Quicksilver Secured Cash Rewards Credit Card, both of which are among the best secured cards overall.
Banks That Offer Secured Credit Cards
- Bank of America: BankAmericard® Secured Credit Card
- Capital One: Capital One Platinum Secured Credit Card
- Citibank: Citi® Secured Mastercard®
- PNC Bank: PNC Bank Secured Credit Card
- Truist Bank: Truist Enjoy Cash Secured Credit Card
- USAA: USAA® Secured Visa Platinum® Card
- U.S. Bank: U.S. Bank Secured Visa® Card
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.
Best Secured Cards From Banks
| Card | Annual Fee | Minimum Deposit |
| Bank of America® Travel Rewards Secured Credit Card | $0 | $200 |
| Bank of America® Customized Cash Rewards Secured Credit Card | $0 | $200 |
| Bank of America® Unlimited Cash Rewards Secured Credit Card | $0 | $200 |
| U.S. Bank Cash+® Visa® Secured Card | $0 | $300 |
| Capital One Quicksilver Secured Cash Rewards Credit Card | $0 | $200 |
| First Progress Platinum Select Mastercard® Secured Credit Card | $39 | $200 |
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 from Our Partners
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No Credit Check
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Partially Secured
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Rewards
WalletHub, Financial Company
@WalletHub
If you're looking to compare secured credit cards, you can do so by going to https://wallethub.com/credit-cards/bad-credit/ and using WalletHub's card comparison tool.
Alternatively you can use our CardAdvisor https://wallethub.com/cardadvisor/ tool, which will offer you a personalized selection of credit cards based on your needs and capabilities.
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:
- First National Bank of Omaha:
- Bank of America:
- Bank of America:
- Bank of America:
- First National Bank of Omaha:
- Bank of America:
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 answer by Chip Lupo, Credit Card WriterWhat's the best secured credit card with a low deposit?
The best secured credit card with a low deposit is the Capital One Platinum Secured Credit Card (see details, rates & fees). You may be able to put down $49, $99 or $200 in return for a credit line of at least $200, which could make the card only partially secured. The higher your credit score is, the more likely you are to be assigned one of the lower deposit amounts. Capital One Platinum Secured (see details, rates & fees) also has a $0 annual fee.
Most other secured cards don’t have the potential to be quite as cheap,...
read full answer by Maria Adams, Credit Cards ModeratorWhat's the best high limit secured credit card?
The best high limit secured credit card is the NIH Federal Credit Union Platinum Secured Card because you can get a limit of up to $25,000 with a matching security deposit and there’s no annual fee. Plus, anyone can qualify for credit union membership by joining the American Consumer Council for free. You need bad credit to qualify for the card.
Best High Limit Secured Credit Cards
At the end of the day, there are plenty of...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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