Credit card images
Experian and CreditMatch

Best Secured Credit Cards

If you're looking for a secured credit card to help you build your credit history, these are some of the best offerings from our partners.

    Best Secured Card With Rewards and an Option to Upgrade

    This Card Is Right for You If:

    You want to earn cash back on your spending and hope to transition to an unsecured line of credit. This is hands-down one of the best secured cards on the market: There's no annual fee, and you earn 2% cash back at gas stations and restaurants (on up to $1,000 in combined purchases every quarter) and 1% back on all other purchases. Discover will also automatically match all the cash back you've earned at the end of your first year. After you've had the card for eight months, Discover will review your account to determine whether it will transition you to an unsecured line of credit (and refund your deposit). Note: You must have a bank account to be eligible for this card.

    Best Secured Card With a Low Deposit Amount

    This Card Is Right for You If:

    You're looking for a card that doesn't require a large deposit to activate. The Secured Mastercard® from Capital One offers an initial $200 credit line after you make a security deposit of $49, $99 or $200, depending on your creditworthiness. After six months, Capital One will automatically review your account and may increase your credit limit increase without requiring you to submit an additional deposit.

    Best Secured Card With an Adjustable Credit Limit

    This Card Is Right for You If:

    You want to increase your credit line with an additional deposit at any time. Your initial deposit of up to $3,000 determines your initial credit line, but you can also increase your credit line at any time with additional deposits. After the first year, your account will be regularly reviewed for credit line increases with no additional security deposit required. One drawback: You will pay a $36 annual fee.

    Secured Card With the Lowest Interest Rate

    This Card Is Right for You If:

    You plan to carry a balance on your secured card. The best way to build credit is to pay off your credit cards every month, but if you do need to carry a balance, you'll want to find one with the lowest interest rate possible. This card fits the bill with an ongoing 9.99% variable APR. You will, however, also pay a $49 annual fee. You must also submit your refundable deposit with your card application.