Best Secured Credit Cards

The best secured credit cards help you build your credit.

Getting approved for a credit card can be a challenge if you are starting from scratch or have blemishes on your credit report. Signing up for a secured credit card can be a smart idea when you need to fix this problem. A secured credit card requires you to put up cash as a security deposit that serves as your credit line. It’s easier to qualify for a secured credit card than a standard, unsecured credit card. Plus, when you use a secured card, the activity is reported to the three main credit reporting agencies, which can help you rebuild your credit.

Click through to learn about the best credit cards for bad credit.

These are the best secured credit cards for 2018:

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See a detailed table comparing the features and costs of each card.

Discover it Secured Credit Card 

The Discover it credit card offers consumers the chance to establish or re-establish credit. Although many banks offer secured credit card options, the Discover it Secured Credit Card is unusual for its rewards program and lack of an annual fee. Cardmembers get 2 percent cash back on the first $1,000 of gas and restaurant purchases each quarter, and 1 percent cash back on everything else. Plus, Discover matches all the cash back you earn in your first year. See which credit cards offer the best cash-back benefits.

Best for: Those who will use the card frequently and want rewards 


  • Cash back rewards
  • Can freeze your account via mobile app or online if your card is misplaced
  • Free FICO credit score
  • No annual fee


  • Slightly higher purchase and balance transfer APR than many other cards
  • Balance transfer fee

Related: Discover it Secured Credit Card Review

Capital One Secured MasterCard

Capital One’s secured card gives cardholders a chance to build credit without having to pay an annual fee. Capital One determines a cardholder’s refundable security deposit of $49, $99 or $200. Everyone begins with a credit line limit of $200, although you can get a higher initial limit — up to $3,000 — by making a larger deposit before your account opens.  

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Best For: Those who might be eligible for a lower deposit


  • No annual fee
  • Get access to a higher credit line after five on-time payments
  • Free credit report from CreditWise
  • Fraud coverage


  • No rewards
  • No intro APR

Navy Federal Credit Union nRewards Secured Credit Card 

If you are an active or former military member — or a family member of one — consider the Navy Federal Credit Union nRewards secured card. It is a great option for those with bruised credit.

The Navy Federal Credit Union nRewards secured card boasts a low APR with no annual fee. It also rewards you with one point for every dollar you spend. You can start redeeming those points once you have earned 1,000, and rewards don’t expire until four years after the date they were earned.  

Best for: Active or former military and their families


  • No annual fee
  • Offers rewards


  • Eligibility limited to those involved with the Department of Defense or military family members
  • Higher security deposit amount than other secured credit cards

Related: Best Credit Cards for Military Service Members

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Wells Fargo Secured Visa Credit Card 

The Wells Fargo secured credit card has an annual fee, but it comes with a modest APR compared with some of its competitors. Additionally, the card offers a higher credit line than most — up to $10,000. All you need is the security deposit to match that amount. 

Best for: Those who want a higher credit line and have the deposit to back it. Find out which Wells Fargo credit card is best for you.


  • Credit line up to $10,000, depending on the security deposit
  • Fraud protection with zero liability 


  • Charges an annual fee
  • No rewards or sign-up incentives

Citi Secured MasterCard

With Citi’s secured MasterCard, you get a credit line equal to your security deposit — anything between $200 and $2,500. Some key perks include the fact that your activity is reported to credit agencies and you get travel protection, such as accident and car rental insurance. 

Best for: Those who want a low credit line


  • Offers purchase protection on unauthorized charges
  •  Assist with solutions surrounding identity theft
  • No annual fee
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  • The interest rate is relatively high
  • No rewards, sign-up bonuses or other current promotions
  • Applicants with bankruptcies in the last two years not eligible

U.S. Bank Secured Visa Card

Although the U.S. Bank Secured Visa card has an annual fee of $29, the APR is modest in comparison to others. The card also boasts additional perks, such as car rental insurance. Its FlexControl program allows you to make automatic payments and pay down a balance faster, according to the company. Your credit line is equal to your security deposit, from $300 to $5,000.

Best for: Those who want a higher credit line


  • Offers additional perks such as FlexControl, auto rental insurance and automatic bill pay
  • Credit line equal to security deposit up to $5,000


  • Annual fee
  • No rewards

USAA Secured Card American Express

The United Services Automobile Association’s secured card is one of the best secured credit cards and a valuable option for military members and their families to build credit. Plus, USAA is one of the best military banks of 2018.

To be eligible, you must either be a current USAA member, a member of the military or a family member of someone in the military. The card’s military benefits include a low APR on all balances for up to 12 months during your deployment or permanent change of station, and a low APR on existing balances at the time of active military enrollment until a year after service is completed. Also, rebates are available on all finance charges during qualified active duty.

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Best for: Active military


  • Credit line equal to a deposit of $250 to $5,000
  • Ongoing low APR for those on active duty
  • Collision damage and theft coverage on car rental
  • Military benefits, including rebates and lower APRs


  • Annual fee
  • No rewards
  • Must be a military member, family member of someone in the military, or a USAA member to qualify

Read: What Type of Credit Card Should I Get?

OpenSky Secured Visa Card 

If you are looking to build your credit history when you have no credit, consider OpenSky’s secured credit card. The OpenSky secured Visa has a fast and easy application process. You set your own credit line depending on the amount you provide as a security deposit, between $200 and $3,000. Additionally, the card offers a decent APR for purchases.

Best for: Those who don’t want to go through a credit check


  • No credit check necessary
  • Can choose your own starting credit line, from $200 to $3,000, and increase at any time with a corresponding deposit
  • Competitive APR 


  • Higher annual fee than that of many other secured cards
  • No rewards
Get Credit Card Perks

Learn More: See the Best Credit Card Offers Available Today

BankAmericard Secured Credit Card

The BankAmericard secured credit card operates similarly to Bank of America’s other cards and offers many of the same account features, including digital wallet technology, mobile banking, and text and email notifications.

The card gives you the opportunity to create a temporary card number when shopping online, so your real card number remains protected. To open a secured card, you will need a security deposit minimum of $300. The maximum credit limit is $4,900. Cardholders have the option to add the card to their mobile devices and shop by Apple Pay, Android Pay or Samsung Pay.

Best for: Online shoppers


  • Digital wallet technology: Apple Pay, Android Pay and Samsung Pay
  • Mobile banking
  • Text or email alerts to keep you on top of your finances
  • Zero liability guaranteed 


  • Annual fee that is higher than others
  • No rewards

First Progress Platinum Prestige MasterCard Secured Credit Card

First Progress offers three secured credit cards with varying annual fees and interest rates. If you know you will carry a balance, you can choose the lowest interest rate card. If you know you will pay your bill in full each month, you can choose the lowest annual fee card. The Platinum Prestige card has the highest annual fee but the lowest APR at 10.24 percent.  There is no minimum credit score and no credit history required, making this one of the best secured credit cards for bad credit.

Best for: Those who know their spending habits and prefer a higher annual fee and lower APR or vice versa


  • Choice of low APR and higher annual fee, or higher APR with lower annual fee
  • No credit check or credit history required


  • No rewards
  • Annual fee for low-interest rate card is high

How to Choose: The Difference Between a Secured and Unsecured Credit Card

The Top 10 Best Secured Credit Cards You Can Sign Up for Now
Secured Credit Card Annual Fee Balance Transfer Fee Cash Advance Fee Balance Transfer APR Purchase APR Security Deposit Rewards
Discover it Secured Credit Card Discover it Secured Credit Card $0 3% of amount of each transfer Greater of $10 or 5% of each advance 10.99% for 6 months, then 24.74% 24.74% $200 to $2,500 1 percent cash back on all purchases; 2 percent back in select categories
 Capital One Secured MasterCard Capital One Secured MasterCard $0 None Greater of $10 or 3% of each advance  24.99%  24.99% $49 to $3,000 None
 Navy Federal Credit Union nRewards Secured Card Navy Federal Credit Union nRewards Secured Card $0  None None if Navy Fed branch/ATM; otherwise $0.50 or $1  10.74%-18%  10.74%-18% $500 1 point for every $1 spent on purchases
 Wells Fargo Secured Visa Card Wells Fargo Secured Visa Card $25 Greater of 5% or $5 Greater of $10 or 5% of each advance 20.74%  20.74% $300 to $10,000 None
 Citi Secured MasterCard Citi Secured MasterCard $0 Greater of $5 or 3% of each transfer Greater of $10 or 5% of each advance 24.24% 24.24% $200 to $2,500 None
 U.S. Bank Secured Visa U.S. Bank Secured Visa $29 Greater of 3% or $5 of each transfer Greater of 4% or $10 of each advance 20.74% 20.74% $300 to $5,000 None
USAA logo 2017 USAA Secured American Express Card $35 3% 3% 11.65%-21.65%

4% if deployed


4% if deployed

$250 to $3,000 None
 OpenSky Secured Visa Credit Card OpenSky Secured Visa Card $35 n/a Greater of $6 or 5% of each advance n/a 17.64%  $200 to $3,000 None
 BankAmericard Secured Credit Card BankAmericard Secured Credit Card  $39 Greater of $10 or 3% of each transfer Greater of $10 or 3% of each advance  21.99%  21.99% $300 to $4,900 None
 First Progress Platinum Prestige MasterCard Secured First Progress Platinum Prestige MasterCard Secured Credit Card $29, $39 or $49 n/a Greater of $10 or 3% of each advance n/a 10.24%, 14.24% or 20.24% $200 to $2,000 None

More on Credit Card Advice

Lia Sestric contributed to the reporting for this article.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, online marketing company serving top-tier banks, credit unions and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article.

Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

About the Author

Karen Doyle

Karen Doyle is a personal finance writer with over 20 years’ experience writing about investments, money management and financial planning. Her work has appeared on numerous news and finance websites including GOBankingRates, Yahoo! Finance, MSN, USA Today, CNBC,, and more.

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