WalletHub
Compare Secured Credit Cards
WalletHub experts track 1,500+ cards to help you easily compare secured credit card offers
Secured cards are great if you have bad credit, no credit or limited credit because they offer you the highest approval odds and the chance to build your credit at the lowest possible cost. The only drawback of secured credit cards is that you have to place a refundable security deposit. ... show more
Secured cards are great if you have bad credit, no credit or limited credit because they offer you the highest approval odds and the chance to build your credit at the lowest possible cost. The only drawback of secured credit cards is that you have to place a refundable security deposit. ... show more
SECURED CARD COMPARISON
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- No annual or monthly fees
- Starting credit line of at least $200
- Great for credit-building
- No rewards
- Higher-than-average interest rate
- No annual fee
- Qualify with limited or no credit history
- Low security deposit
- Foreign fee
- Requires security deposit
- Great rewards
- No annual fee
- Relatively low minimum deposit
- Available to people with limited credit
- High interest rate
- No membership fees first year
- Qualify with limited or no credit history
- Membership fees in the second year
- High regular APR
- Requires security deposit
- Qualify with limited or no credit history
- High regular APR
- Foreign fee
- Requires security deposit
- No annual or monthly fees & No fees for account opening
- Up to 2% cash back
- First-year rewards doubled
- Relatively low minimum deposit
- High regular APR
- Reasonable $35 annual fee
- As low as $200 minimum deposit
- 3% foreign transaction fee
- No membership fees
- Qualify with limited or no credit history
- High regular APR
- Foreign fee
- Requires security deposit
- Qualify with limited or no credit history
- Relatively low security deposit
- 1% cash back on payments
- Membership fees
- High regular APR
- Foreign fee
- Qualify with bad credit
- Membership fees
- High regular APR
- Foreign fee
- Requires security deposit
Secured Credit Cards FAQ
Comparing secured credit cards can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered. WalletHub independently collected information for some of the cards on this page.show more
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Featured Credit Cards
Expert Opinions
Secured credit cards are among the most important, underrated financial products out there. They give people with damaged credit a lifeline to a brighter financial future, and they do so at a limited cost. For more insights into the pivotal role that secured cards play in the personal finance landscape, we posed the following questions to a panel of leading industry experts. You can check out who they are and what they had to say below:
- Do banks and credit unions make money off the security deposits from secured credit cards?
- Why don't more secured credit cards pay interest on your security deposit?
- Why aren't there more secured credit cards available?
- How does a secured credit card with no annual fee make the issuer money?
LCOBA Director of Graduate Studies, Professor of Economics and Faculty Advisor of the Economics Club, Harley Langdale Jr. College of Business Administration, Valdosta State University
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MBA, CTFA (Ret.), CFP BOARD EMERITUS®, Adjunct Faculty, School of Graduate and Professional Studies and Undergraduate College, Rosemont College
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Professor in the Department of Finance at the University of St. Thomas, Opus College of Business
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Ph.D., Professor of Economics and Finance, Department of Economics, Finance, and Quantitative Analysis, Kennesaw State University, Michael J. Coles College of Business
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Ph.D., CFA, CFP, Associate Professor of Finance, Gupta College of Business, University of Dallas
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Ph.D., Assistant Professor of Finance, School of Business and Economics, Moravian University
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Important Disclosures
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Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub, we try to list as many credit card offers as possible and currently have more than 1,500 offers, but we do not list all available offers or financial service companies.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best credit card picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any issuer, as our editors follow a strict editorial policy.
WalletHub is not a financial advisor. Our goal is to provide you with top-notch content, data, and tools. You are responsible for deciding what financial products and providers are best for your needs.
Irrespective of whether an institution or professional is a paid advertiser, the presence of information on WalletHub does not constitute a referral or endorsement of the institution or professional by us or vice versa.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
* The information about the following cards has been independently collected by WalletHub: U.S. Bank Cash+® Visa® Secured Card, Bank of America® Travel Rewards Secured Credit Card, BankAmericard® Secured Credit Card, Bank of America® Unlimited Cash Rewards Secured Credit Card, Citi® Secured Mastercard®, U.S. Bank Secured Visa® Card, USAA® Secured Visa Platinum® Card, Bank of America® Customized Cash Rewards Secured Credit Card, Truist Enjoy Cash Secured Credit Card, PNC Bank Secured Credit Card, Amazon Secured Credit Card, GO2bank Secured Credit Card, Chime Credit Card, and First Tech Federal Credit Union Platinum Secured Mastercard®.
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