Best Secured Credit Card – What are the Best Secured Credit Cards? A secure credit card can be used to build your credit card. They offer a path for nearly anyone to receive approval and start building a credit profile. With a secured credit card, consumers are required to put down a cash deposit normally equal to the card’s credit limit into a bank account.

Best Secured Credit CardCheck Out: What is a Credit Card Default? Common Reasons For Credit Card Default

A lot of cardholders can upgrade their secured card to a non-secured counterpart and see the deposit returned. Read on to know more.

Best Secured Credit Card – Banks with Secured Credit Cards

A secured credit card is a credit card backed by a security deposit. Before approval, you will deposit money into a bank account and won’t be able to access it while you have the card. Your secured card credit limit will be equal to the amount of your deposit.

The best-secured credit card works so easily, your credit limit will be determined by the amount of cash you put in a deposit account to guarantee the credit line. The best secure card for you may not be the best for the majority of consumers. In this post, you will be seeing some of the best-secured credit cards to go for.

How to Choose a Secured Credit Card

The following are some guides to selecting the best-secured credit card so far:

  • Check for minimum deposit amounts since cards let you get started with a smaller collateral deposit upfront.
  • Make sure any card you are considering reports to the three credit bureaus.
  • Also, make sure you check for fees especially hidden fees in the fine print.
  • Strive to avoid annual fees. Some secured credit cards charge annual fees, it is good you go for a secured card that doesn’t charge any fees first.

There are some of things to look at before applying for a secure credit card.

Best Secured Credit Cards So Far – Secured Credit Card to Build Credit

Discover it Secured Credit Card


  • No credit score is required to apply
  • No Annual Fee
  • Earn cashback and build your credit with responsible use.

The Discover it® Secured Credit Card offers 2% cashback on your first $1,000 in combined gas and restaurant purchases each calendar quarter and 1% Cashback on every other purchase you make (including after you hit the quarterly spending cap). What’s more, at the end of your first year Discover will double all the Cashback you’ve earned as a new card member, even if you’ve already redeemed some of those rewards.

Using your credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that.


U.S. Bank Cash+® Visa® Secured Card 


  • High rewards potential for a secured card
  • $0 annual fee
  • Useful convenience benefits

This card will make you earn 5% cashback on your first $2,000 in combined eligible purchases each quarter in two categories you choose, 2% Cashback on eligible purchases in your choice of one everyday category, and 1% cashback on all other eligible purchases.

It does not earn rewards alone but is rare among secured cards. You can choose your bonus adventures from a list of several everyday common spending areas.


Quicksilver Secured


  • Unlimited 1.5% cash back reward on all eligible purchases
  • No foreign transaction fees

The Capital One Quicksilver Secured Cash Rewards Credit Card offers an imposing mixture of features for those with poor credit. Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges

You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time. Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed

Earn unlimited 5% Cashback on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Terms apply.


Bank of America® Unlimited Cash Rewards Secured Credit Card


  • A simple reward structure is easy to manage
  • Potential to graduate to an unsecured card with good payment behavior
  • Preferred Rewards members can earn even higher rewards on their spending when minimum balance requirements are met

The Bank of America® Unlimited Cash Rewards Secured Credit Card* offers flat-rate cash back on all purchases. This card is a better choice for someone who wants to set it and forget it, though we think it will be less rewarding than the Bank of America Customized Cash Rewards Secured Card overall, for many customers.

This card will enable you to earn unlimited 1.t5% cashback on all purchases. You will also get a cash reward that doesn’t expire. There is no annual fee and you can establish, strengthen, or rebuild your credit card.


Credit Builder Secured Visa Credit Card


  • No annual fee
  • The credit limit is adjustable
  • Upgrade to an unsecured card if you want
  • Earn interest for deposit
  • Allows joint account owners

Credit Builder Secured Visa® Credit Card can be gotten from the Armed Forces Band, and it boasts some unique features among cards in its class. The card offers an adjustable credit limit feature that you can’t find on other secured credit cards, and it’s also the rare credit card these days that allows you to open an account jointly.

Plus, like other good secured cards, it has a $0 annual fee, offers an upgrade path, and reports to all three major U.S. credit bureaus.


Frequently Asked Questions of Secured Credit Card

How does a secured card work?

A secured card works like any other credit card, with one big difference. Your credit limit will be determined by the amount of cash you put in a deposit account to guarantee the credit line.

How Fast will a secured card build credit?

Secured cards report monthly to the credit bureaus, but it is entirely up to the credit bureaus how they use said payment information.

Additionally, some banks offering secured credit cards will offer a ‘’graduation” to an unsecured credit card after making on-time payments for a specified or unspecified number of months.

What is the best-secured credit card?

Everyone has different wants and needs. The best-secured credit card for you may not be the best for the majority of consumers.  For a combination of low cost to carry, rewards, and the opportunity to improve your credit, consider the Discover It® Secured.

What is the difference between secured and unsecured credit cards?

The main difference between secured credit cards and unsecured credit cards is that an unsecured credit card will not require a security deposit. Your credit line will be determined by the bank.

A secured credit card requires a deposit and your credit line will be equal to the said deposit.


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