There are many options for secured credit cards. Among these options are the Capital One Platinum Secured Credit Card and the Discover it Secured Visa. The Plastk Secured Visa is another type of secured Visa card that you might consider. Clark Howard's ratings of the Capital One Platinum Credit Card are a must before you make a decision.
Capital One Secured MasterCard
Capital One Secured MasterCard might be the best choice for you if your goal is to rebuild your credit score after bankruptcy, or any other credit issues. The card is free of any annual fee and allows for flexible payment schedules. It also has no foreign transaction fees.
Secure your Visa with Discover It
Secured credit cards may be the best option for you if you are looking to reduce your debt or build credit. These cards require a minimum $200 security deposit. They also don't charge an annual fee.
Plastk Secured Visa
Plastk Secured Visa Card can be your credit card if you have bad credit. Although this card does NOT require you to have a minimum monthly income, there are $48 annual fees and $6 maintenance fees. It offers many benefits to help you improve and maintain your credit rating.
Capital One Guaranteed Mastercard at a Low Rate
Canadians with low credit scores can get the Capital One Low Rate Guaranteed MasterCard card. This card can be a great choice for people trying to repair their credit or establish it. The slightly higher annual fee can be quickly covered by the low interest rate. Capital One also reports payments at the three major credit reporting agencies. This makes it easier and more efficient to monitor your financial health. This card also allows for you to pay by cheque, online or in a branch.
Home Trust Secured Visa
A Home Trust Secured Visa Visa card can be an excellent way to establish credit. The card allows you make a secure deposit equal to the card's credit limit. The deposit is returned when the card is closed or the debt is completely paid. You can choose to put down as little as $500 or as much as $10,000.
Discover it Secured credit card
Discover it Secured is a great card to earn rewards. You can get a cashback program with this card that provides unlimited cash back, 2% cashback at gas stations and restaurants, as well as 1% cashback on all purchases. This card can be used to remove personal data from selected search websites. You can also receive free alerts to protect your information from being used criminally.