You have many options when it comes to secured credit cards. Many cards are eligible for credit checks and have very lenient underwriting requirements. The only requirement is that you can pay the security deposit. This card comes with high APRs and annual fees. There is no way to go unprotected.
Capital One Quicksilver Secured Rewards Cash Credit Card
Capital One Quicksilver secured cash reward credit card is a great choice for those with poor credit. Applicants only need to make a $200 initial deposit and within six months they will receive a higher credit line. Capital One will automatically increase your credit limit after six months' on-time payments. This credit card is low in interest and has no annual fee.
Another great feature of the Capital One Quicksilver Secured Cash Reward Credit Card is its rewards program. The rewards program offers unlimited 1.5% cashback and 5% cashback for purchases made at Capital One Travel. This unique feature makes Capital One Quicksilver Secured cash Rewards Credit Card the best among secured credit card. Other than earning points, the card offers additional benefits such as a zero fraud risk and a monthly FICO credit score that is free.
Discover it Secured
If you are looking for a secured card that offers a generous welcome bonus, the Discover it Secured creditcard is a great option. You will get 2% cash back at restaurants and gas stations, as well as unlimited 1% cashback for all purchases. Discover will match your rewards for the first year with their cash back match program. You can earn cash back immediately and still establish credit.
Discover it Secured creditcard offers great rewards programs that make it easy for cardholders earn rewards when they spend money in particular categories. The bonus categories are designed to align with the natural spending habits of consumers. The cashback rewards you earn with this card can be redeemed at any time.
Capital One Platinum Secured credit card
Capital One Platinum Secured Credit Card offers many advantages to those who are unable to qualify for traditional credit cards. The card comes with no annual fee and no foreign transaction charges. Late or returned payments are not subject to fees. It can be used both online and in store for purchase.
The Platinum Secured Credit Card has been specifically created for those with bad credit or no credit. It offers credit lines up to $1,000. It comes with high-quality digital financial tools that will allow you to view your credit history anytime. The card also offers practical benefits, like travel assistance and Apple Pay support.
Capital One Secured Mastercard
The Capital One Secured Mastercard can be a great choice for those with poor credit or who are trying to rebuild their credit. You get a $200 credit limit and an annual fee of zero. Because it's a secured card, you can't get a cash advance, but you can still make purchases and use the card to build credit.
After five on-time payments, your Capital One Secured Mastercard credit line can be increased. To obtain your card, you need to pay $49 security deposit. A minimum of five timely monthly payments can allow you to increase your credit limit up to $1,000