Featured Partner Offer
Discover it® Secured Credit Card
On Discover's Website
4.7
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Discover's Website
Up to 2% Reward Rate
Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. PlusRead More
Welcome Bonus
Cashback Match™
Annual Fee
$0
Regular APR
28.24% Variable APR
Credit Score
New/Rebuilding Credit
Editorial Review
In the secured credit world, the Discover it® Secured Credit Card stands above the competition. With an unlimited 1% cash back rate on all purchases, plus 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, no penalty APR and no annual fee, we love this card for those who need to rebuild their credit. The matching cash back reward at the end of your first year is a sweet bonus.
Pros & Cons
- No annual fee
- Earning cash-back rewards is uncommon for a secured card
- Free FICO score access each month
- Cashback Match doubles cash back rewards earning at the end of the first year
- Bonus category rewards are capped
- Like many secured cards, there’s a relatively high APR
- Secured cards require refundable deposits
Card Details
- No credit score required to apply.
- No Annual Fee, earn cash back, and build your credit history.
- Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
- Terms and conditions apply.
Intro Offer: Unlimited Cashback Match™ - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Credit Cards of 2024
Best Secured Card for Access to Deposit
Secured Chime Credit Builder Visa® Credit Card
5.0
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
N/A
Credit Score
Poor, Average (0 - 649)
Our Expert Take
The unique thing about the Secured Chime Credit Builder Visa® Credit Card is that it allows you to use your security deposit to pay your balance.
Why We Like It
The Secured Chime Credit Builder Visa® Credit Card allows you access to your deposit instead of keeping it locked away until you close the card. Each month you can use your deposit to pay off your balance, then top up again. In addition to a $0 annual fee, this card charges no interest¹.
What We Don’t Like
The Secured Chime Credit Builder Visa® Credit Card does not require a credit check, but you will need to have a Chime Checking Account in order to apply².
Who It’s Best For
The Secured Chime Credit Builder Visa® Credit Card is a good fit for anyone who finds it absolutely essential to access their deposit to pay monthly expenses.
Expert Commentary
Albert Hsieh
Credit Cards and Reward Points Expert
Albert Hsieh is founder and CEO of Foxtrot Dash Inc., a San Francisco-based travel rewards marketplace offering a smart wallet that recommends 30,000 ways to maximize the redemption of hard-earned credit card and travel rewards points. He has proudly redeemed over 30 million reward points, and he and the Foxtrot Dash team boast over three decades of points and miles experience.
Albert has had a lifelong passion for aviation largely sparked by his dad, who retired after 30 years with United Airlines at San Francisco and Oakland. Since childhood, Albert grew fascinated by premium air travel and flew “The Tulip” (the nickname for United's fondly remembered "U" logo) to destinations far and near, with Taiwan, Japan and Egypt ranked as his top favorites.
With an unwavering commitment to the global travel industry, Albert served for 20 years as a commercial and marketing leader at Fortune 500 travel companies including JetBlue, China Airlines, XOJET and Westfield Airports LAX. He later worked as a consultant for Jet Edge, leading a companywide rebrand before their VistaJet acquisition. In recent years, Albert launched his Instagram feed where he captures his global credit card points and airline miles adventures with impeccable photography of luxury airline cabins and beautiful hotels.
His work is regularly featured in social campaigns, and he has drawn mentions in The New York Times and Nob Hill Gazette. On the Money Seed podcast, he has been heard discussing the future of credit card reward points, global travel trends and loyalty programs. When he's not traveling, Albert enjoys life on the West Coast by seeking out new restaurants and world-class wineries, and by spending quality time with loved ones.
Albert Hsieh
Albert Hsieh
Credit Cards and Reward Points Expert
Albert Hsieh is founder and CEO of Foxtrot Dash Inc., a San Francisco-based travel rewards marketplace offering a smart wallet that recommends 30,000 ways to maximize the redemption of hard-earned credit card and travel rewards points. He has proudly redeemed over 30 million reward points, and he and the Foxtrot Dash team boast over three decades of points and miles experience.
Albert has had a lifelong passion for aviation largely sparked by his dad, who retired after 30 years with United Airlines at San Francisco and Oakland. Since childhood, Albert grew fascinated by premium air travel and flew “The Tulip” (the nickname for United's fondly remembered "U" logo) to destinations far and near, with Taiwan, Japan and Egypt ranked as his top favorites.
With an unwavering commitment to the global travel industry, Albert served for 20 years as a commercial and marketing leader at Fortune 500 travel companies including JetBlue, China Airlines, XOJET and Westfield Airports LAX. He later worked as a consultant for Jet Edge, leading a companywide rebrand before their VistaJet acquisition. In recent years, Albert launched his Instagram feed where he captures his global credit card points and airline miles adventures with impeccable photography of luxury airline cabins and beautiful hotels.
His work is regularly featured in social campaigns, and he has drawn mentions in The New York Times and Nob Hill Gazette. On the Money Seed podcast, he has been heard discussing the future of credit card reward points, global travel trends and loyalty programs. When he's not traveling, Albert enjoys life on the West Coast by seeking out new restaurants and world-class wineries, and by spending quality time with loved ones.
Credit Cards and Reward Points Expert
The Chime Credit Builder credit card ensures you spend only what you have, a great way to stay on the path toward financial wellness.
Pros & Cons
- No annual fees
- No annual interest charges
- No minimum security deposit requirement
- Use your deposit to pay for your monthly balance (though you must replenish it afterward)
- Reports to all three credit bureaus
- You need a direct deposit account with Chime
- Can’t get a credit limit greater than your deposit
- No option to graduate to an unsecured card
Card Details
- No interest charges¹
- No annual fee
- No foreign transaction fee
- No minimum security deposit required²
- No credit check to apply
- Turn on Safer Credit Building and your balance will be automatically paid on time, every month. We’ll keep the major credit bureaus updated
- Whether it’s gas or groceries, now everyday purchases can count toward building credit
- We’re here to help you break free from fees, annual interest, and large security deposits
¹Out-of-network ATM withdrawal and OTC advance fees may apply. View The Bancorp agreement or Stride agreement for details; see back of card for issuer.
²Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Card for Earning Points
U.S. Bank Altitude® Go Secured Visa® Card *
5.0
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Up to 4X Reward Rate
Earn 4 points per dollar on dining, takeout and restaurant delivery, 2 points per dollar at grocery stores, gas andRead More
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
30.24% variable
Credit Score
Good(700 - 749)
Our Expert Take
If your biggest expenses are on dining and takeout, the U.S. Bank Altitude® Go Secured Visa® Card* is one of the best secured card offers available.
Why We Like It
The U.S. Bank Altitude® Go Secured Visa® Card* is one of just a few secured cards offering the ability to earn points, and the best redemption is for cash back. This card earns unlimited points on a wide variety of everyday spending categories. U.S. Bank permits security deposits between $300 and $5,000, offering flexibility to cardholders. This card also offers a $15 annual streaming credit for eligible services like Netflix and Spotify.
What We Don’t Like
Even though the U.S. Bank Altitude® Go Secured Visa® Card* earns points, your best redemption is going to be for cash back. You can’t get outsized value by redeeming your points for travel.
Who It’s Best For
The U.S. Bank Altitude® Go Secured Visa® Card* is best for people who regularly spend on dining and takeout.
Pros & Cons
- Reports to all three major credit bureaus
- No annual fee
- Comes with a $15 annual streaming credit after 11 months of eligible streaming services payments
- Minimum deposit of $300 is required
- Non-bonus categories earn so-so rewards
- Other secured cards may offer rewards that better align with your spending
Card Details
- Earn 4 points per dollar spent on dining and takeout
- Earn 2 points at grocery stores, gas stations and on streaming services and 1 point on all other eligible purchases
- Earn a $15 streaming credit for annual streaming service purchases like Netflix and Spotify
- $0 annual fee
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Credit Union Secured Card
First Tech Platinum Secured Mastercard® *
5.0
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
1 reward point
1 reward point for every dollar spent on every purchase
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
14.25% to 18.00% variable
Credit Score
Limited, Bad(0 - 649)
Our Expert Take
If you qualify to join the credit union, the First Tech Platinum Secured Mastercard®* offers a nice suite of benefits for a secured card.
Why We Like It
The First Tech Platinum Secured Mastercard®* offers travel insurance that covers rental cars, lost luggage and trip cancellation. It also has very few fees, charging no annual, foreign transaction or balance transfer fees. Card members can use rewards toward travel, merchandise, gift cards and more.
What We Don’t Like
You do need to be eligible for credit union membership. There are several eligibility categories, but most people likely qualify by virtue of being employed by one of a long list of tech companies.
Who It’s Best For
Someone who wants to build their score and is employed by one of the 900-plus companies that would make them eligible for First Tech Credit Union membership will want to consider this card.
Pros & Cons
- No annual fee
- Earns rewards, an uncommon benefit for a secured card
- Low APR
- No balance transfer fees
- No welcome bonus
- $500 minimum security deposit
- Must join First Tech Credit Union to apply
Card Details
- Earn 1 reward point per dollar spent on everyday purchases
- No limit to the amount of points you can earn with no expiration date
- No annual or foreign transaction fees
- Online and mobile banking available for payments, temporary card locks, ordering a replacement card and more
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Card for Low APR
First Progress Platinum Prestige Mastercard® Secured Credit Card
Apply Now
On First Progress's Website
4.9
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Apply Now
On First Progress's Website
1% Cash Back
Earn 1% Cash Back Rewards with First Progress Prestige!
Welcome Bonus
None
Annual Fee
$49
Regular APR
15.24% (Variable)
Credit Score
Poor/Limited/No Credit
Our Expert Take
The First Progress Platinum Prestige Mastercard® Secured Credit Card offers a relatively low standard APR. While we never recommend carrying a balance if you can avoid it, this card may be a good choice if you know you can’t.
Why We Like It
The card’s standard APR is low, compared to what’s common for secured cards. While we don’t recommend carrying a balance on a credit card, if you have to from time to time, it’s best to make sure you have the lowest APR possible. This card also includes respectable travel protections.
What We Don’t Like
This card does charge an annual fee, unlike many cards on this list. The low APR is potentially useful if you think you need to carry a balance, but we never recommend doing this if possible.
Who It’s Best For
The First Progress Platinum Prestige Mastercard® Secured Credit Card is best for those who may need to carry a balance temporarily at a low APR. This card may also be a good option if you know you’ll earn enough in rewards to offset the annual fee.
Expert Commentary
Albert Hsieh
Credit Cards and Reward Points Expert
Albert Hsieh is founder and CEO of Foxtrot Dash Inc., a San Francisco-based travel rewards marketplace offering a smart wallet that recommends 30,000 ways to maximize the redemption of hard-earned credit card and travel rewards points. He has proudly redeemed over 30 million reward points, and he and the Foxtrot Dash team boast over three decades of points and miles experience.
Albert has had a lifelong passion for aviation largely sparked by his dad, who retired after 30 years with United Airlines at San Francisco and Oakland. Since childhood, Albert grew fascinated by premium air travel and flew “The Tulip” (the nickname for United's fondly remembered "U" logo) to destinations far and near, with Taiwan, Japan and Egypt ranked as his top favorites.
With an unwavering commitment to the global travel industry, Albert served for 20 years as a commercial and marketing leader at Fortune 500 travel companies including JetBlue, China Airlines, XOJET and Westfield Airports LAX. He later worked as a consultant for Jet Edge, leading a companywide rebrand before their VistaJet acquisition. In recent years, Albert launched his Instagram feed where he captures his global credit card points and airline miles adventures with impeccable photography of luxury airline cabins and beautiful hotels.
His work is regularly featured in social campaigns, and he has drawn mentions in The New York Times and Nob Hill Gazette. On the Money Seed podcast, he has been heard discussing the future of credit card reward points, global travel trends and loyalty programs. When he's not traveling, Albert enjoys life on the West Coast by seeking out new restaurants and world-class wineries, and by spending quality time with loved ones.
Albert Hsieh
Albert Hsieh
Credit Cards and Reward Points Expert
Albert Hsieh is founder and CEO of Foxtrot Dash Inc., a San Francisco-based travel rewards marketplace offering a smart wallet that recommends 30,000 ways to maximize the redemption of hard-earned credit card and travel rewards points. He has proudly redeemed over 30 million reward points, and he and the Foxtrot Dash team boast over three decades of points and miles experience.
Albert has had a lifelong passion for aviation largely sparked by his dad, who retired after 30 years with United Airlines at San Francisco and Oakland. Since childhood, Albert grew fascinated by premium air travel and flew “The Tulip” (the nickname for United's fondly remembered "U" logo) to destinations far and near, with Taiwan, Japan and Egypt ranked as his top favorites.
With an unwavering commitment to the global travel industry, Albert served for 20 years as a commercial and marketing leader at Fortune 500 travel companies including JetBlue, China Airlines, XOJET and Westfield Airports LAX. He later worked as a consultant for Jet Edge, leading a companywide rebrand before their VistaJet acquisition. In recent years, Albert launched his Instagram feed where he captures his global credit card points and airline miles adventures with impeccable photography of luxury airline cabins and beautiful hotels.
His work is regularly featured in social campaigns, and he has drawn mentions in The New York Times and Nob Hill Gazette. On the Money Seed podcast, he has been heard discussing the future of credit card reward points, global travel trends and loyalty programs. When he's not traveling, Albert enjoys life on the West Coast by seeking out new restaurants and world-class wineries, and by spending quality time with loved ones.
Credit Cards and Reward Points Expert
The First Progress Platinum Prestige Mastercard Secured Credit Card provides a clear path towards a healthy credit history including cash-back incentives for on-time payments.
Pros & Cons
- Reports to all three major credit bureaus
- Lower than average standard APR
- May be an option for those with bad credit seeking an approval
- $49 annual fee
- Foreign transaction fee
- Deposit required
Card Details
- Earn 1% Cash Back Rewards with First Progress Prestige!
- Apply now and fund your security deposit over 90 days with the option to make partial payments.
- You Can’t Rebuild credit with a Debit Card. Try First Progress Today!*
- Build your credit history across 3 major credit reporting agencies: Equifax, Experian and TransUnion.*
- All credit types welcome to apply!
- *Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
None
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Card for Flat-Rate Travel Rewards
Bank of America® Travel Rewards Secured Credit Card *
4.7
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
1.5X Reward Rate
1.5 points per dollar on all other purchases and 3 points per dollar on purchases made through the Travel Center.
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
28.24% variable
Credit Score
Limited, Bad, Fair(0 - 649)
Our Expert Take
The Bank of America® Travel Rewards Secured Credit Card* is a good choice for those who appreciate a simple rewards-earning structure and who would like the opportunity to graduate to the unsecured version of this card after demonstrating responsible credit usage.
Why We Like It
The Bank of America® Travel Rewards Secured Credit Card* allows you to earn rewards while being automatically reviewed for a security deposit refund. Points earned on this card can be redeemed for statement credit to cover dining and travel expenses.
What We Don’t Like
True to its namesake, rewards can be used to book travel with no blackout dates, but the options for redeeming rewards are limited. While it can’t compete with unsecured travel rewards credit cards, this card acts more like a 1.5% cash-back card, but with extra restrictions on how you can redeem your rewards. Points can be used for a statement credit to cover purchases for flights, hotel stays, vacation rentals, baggage fees and restaurants including takeout.
Who It’s Best For
The Bank of America® Travel Rewards Secured Credit Card* is a good fit for someone who hopes to get upgraded to the unsecured version of this card.
Pros & Cons
- Unlimited 3 points per dollar on purchases made through the Travel Center and 1.5 points per dollar on all other purchases
- No blackout dates or restrictions on travel rewards
- Points never expire as long as the card stays open
- $0 foreign transaction fee
- Requires a deposit
- High variable APR
- Poor cash-back redemption rate
Card Details
- No annual fee or foreign transaction fees
- Earn 1.5 points per dollar spent on general purchases with a bonus for purchases through the Bank of America Travel Center
- Security deposits of $200 – $5,000 required
- Periodic account reviews with the potential to qualify for a returned security deposit
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
4.7
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Discover's Website
Up to 2% Reward Rate
Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. PlusRead More
Welcome Bonus
Cashback Match™
Annual Fee
$0
Regular APR
28.24% Variable APR
Credit Score
New/Rebuilding Credit
Our Expert Take
In the secured credit world, the Discover it® Secured Credit Card stands above the competition when it comes to its welcome bonus. It also doesn’t charge a penalty APR, so we love this card for those who need to build their credit.
Why We Like It
The Discover it® Secured Credit Card is an excellent secured card because, unlike many other cards in the category, it earns rewards and has a generous welcome bonus. Discover offers the unique Cashback Match™ feature, which represents outsized value compared to other cards in this category.
Discover reviews your credit profile after seven months and offers the ability to upgrade to an unsecured card with responsible usage, in which case your deposit would be returned. Other benefits include free Social Security number alerts, free credit monitoring benefits and free access to your FICO Score.
What We Don’t Like
You may find that Discover isn’t accepted as widely as Visa or Mastercard, especially outside of the U.S.
Who It’s Best For
The Discover it® Secured Credit Card is great for new cardholders looking to earn rewards thanks to its solid welcome bonus.
Expert Commentary
Albert Hsieh
Credit Cards and Reward Points Expert
Albert Hsieh is founder and CEO of Foxtrot Dash Inc., a San Francisco-based travel rewards marketplace offering a smart wallet that recommends 30,000 ways to maximize the redemption of hard-earned credit card and travel rewards points. He has proudly redeemed over 30 million reward points, and he and the Foxtrot Dash team boast over three decades of points and miles experience.
Albert has had a lifelong passion for aviation largely sparked by his dad, who retired after 30 years with United Airlines at San Francisco and Oakland. Since childhood, Albert grew fascinated by premium air travel and flew “The Tulip” (the nickname for United's fondly remembered "U" logo) to destinations far and near, with Taiwan, Japan and Egypt ranked as his top favorites.
With an unwavering commitment to the global travel industry, Albert served for 20 years as a commercial and marketing leader at Fortune 500 travel companies including JetBlue, China Airlines, XOJET and Westfield Airports LAX. He later worked as a consultant for Jet Edge, leading a companywide rebrand before their VistaJet acquisition. In recent years, Albert launched his Instagram feed where he captures his global credit card points and airline miles adventures with impeccable photography of luxury airline cabins and beautiful hotels.
His work is regularly featured in social campaigns, and he has drawn mentions in The New York Times and Nob Hill Gazette. On the Money Seed podcast, he has been heard discussing the future of credit card reward points, global travel trends and loyalty programs. When he's not traveling, Albert enjoys life on the West Coast by seeking out new restaurants and world-class wineries, and by spending quality time with loved ones.
Albert Hsieh
Albert Hsieh
Credit Cards and Reward Points Expert
Albert Hsieh is founder and CEO of Foxtrot Dash Inc., a San Francisco-based travel rewards marketplace offering a smart wallet that recommends 30,000 ways to maximize the redemption of hard-earned credit card and travel rewards points. He has proudly redeemed over 30 million reward points, and he and the Foxtrot Dash team boast over three decades of points and miles experience.
Albert has had a lifelong passion for aviation largely sparked by his dad, who retired after 30 years with United Airlines at San Francisco and Oakland. Since childhood, Albert grew fascinated by premium air travel and flew “The Tulip” (the nickname for United's fondly remembered "U" logo) to destinations far and near, with Taiwan, Japan and Egypt ranked as his top favorites.
With an unwavering commitment to the global travel industry, Albert served for 20 years as a commercial and marketing leader at Fortune 500 travel companies including JetBlue, China Airlines, XOJET and Westfield Airports LAX. He later worked as a consultant for Jet Edge, leading a companywide rebrand before their VistaJet acquisition. In recent years, Albert launched his Instagram feed where he captures his global credit card points and airline miles adventures with impeccable photography of luxury airline cabins and beautiful hotels.
His work is regularly featured in social campaigns, and he has drawn mentions in The New York Times and Nob Hill Gazette. On the Money Seed podcast, he has been heard discussing the future of credit card reward points, global travel trends and loyalty programs. When he's not traveling, Albert enjoys life on the West Coast by seeking out new restaurants and world-class wineries, and by spending quality time with loved ones.
Credit Cards and Reward Points Expert
No credit history required, the Discover it® Secured Credit Card offers one of the best credit cards for building or rebuilding a healthy credit history, while earning cash back in select everyday categories.
Pros & Cons
- No annual fee
- Earning cash-back rewards is uncommon for a secured card
- Free FICO score access each month
- Cashback Match doubles cash back rewards earning at the end of the first year
- Bonus category rewards are capped
- Like many secured cards, there’s a relatively high APR
- Secured cards require refundable deposits
Card Details
- No credit score required to apply.
- No Annual Fee, earn cash back, and build your credit history.
- Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus earn unlimited 1% cash back on all other purchases.
- Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites. Activate for free.
- Terms and conditions apply.
Intro Offer: Unlimited Cashback Match™ - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. Just a dollar-for-dollar match.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Card for Flat-Rate Cash Back
Capital One Quicksilver Secured Cash Rewards Credit Card
On Capital One's Website
4.7
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On Capital One's Website
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
29.99% (Variable)
Credit Score
Limited, Bad
Our Expert Take
For those who don’t mind paying a security deposit to unlock access to rewards earning, the Capital One Quicksilver Secured Cash Rewards Credit Cardmay be worth considering.
Why We Like It
While virtually all secured credit cards allow you to get your deposit back either by automatic account review or when you close your account in good standing, not every card makes it as easy as the Capital One Quicksilver Secured Cash Rewards Credit Card. Starting at six months, the issuer will review your account to see if you qualify for a higher credit line with no additional deposit. Responsible use can also earn an upgrade to the unsecured version of the card. Capital One allows a minimum opening deposit as low as $200 up to a maximum ranging from $1,000 to $3,000 based on your creditworthiness. There’s no foreign transaction fee on this card (rates & fees).
What We Don’t Like
There are no bonus categories for earning rewards other than Capital One Travel bookings. You get a flat 1.5% back on most purchases you make.
Who It’s Best For
The Capital One Quicksilver Secured Cash Rewards Credit Card is a good choice for those looking for an easier path to receiving a security deposit refund.
Pros & Cons
- Unlimited 1.5% cash back reward on all eligible purchases
- No foreign transaction fees
- Reports to all three credit bureaus
- Ability to graduate to an unsecured card with good payment behavior
- No bonus categories other than Capital One Travel bookings
- $200 minimum opening deposit
Card Details
- No annual or hidden fees, and you can earn unlimited 1.5% cash back on every purchase, every day. See if you’re approved in seconds
- Put down a refundable $200 security deposit to get a $200 initial credit line
- Building your credit? Using a card like this responsibly could help
- 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% cash back 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
- Monitor your credit score with CreditWise from Capital One. It’s free for everyone
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Card for Reward-Earning Potential
Bank of America® Customized Cash Rewards Secured Credit Card *
4.6
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Up to 3% Reward Rate
Earn 3% cash back in the category of your choice: gas and EV charging, online shopping, dining, travel, drug storesRead More
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
29.24% variable
Credit Score
New to Credit
Our Expert Take
The Bank of America® Customized Cash Rewards Secured Credit Card* is a secured card with no annual fee and the ability to earn rewards, added bonuses for those needing to build their credit profile.
Why We Like It
The Bank of America® Customized Cash Rewards Secured Credit Card* offers cardholders the ability to choose their own bonus cash-back category. For those with spending habits that change regularly or who want to have some extra control over their rewards earning, this card could be a good choice. Plus, the card offers the ability to graduate to a non-secured account. Cardholders also have access to their FICO Score.
What We Don’t Like
The ability to change your bonus categories each month can make your rewards earnings more complicated to track. This card also charges a foreign transaction fee.
Who It’s Best For
The Bank of America® Customized Cash Rewards Secured Credit Card* is a good choice for those who want the flexibility to choose the category where they can earn the most rewards.
Pros & Cons
- No annual fee
- Earns cash-back rewards on eligible purchases
- Potential for an upgrade to an unsecured card
- The rewards system can be complicated to track
- An opening deposit of $200 is required
- There’s a foreign transaction fee
Card Details
- Earn 3% cash back in the category of your choice: gas and EV charging, online shopping, dining, travel, drug stores, or home improvement & furnishings
- Earn 2% cash back at grocery stores and wholesale clubs
- Earn unlimited 1% cash back on all other purchases
- You’ll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%
- A minimum refundable security deposit of $200 (maximum of $5,000) is required to open this account
- Now, you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking
- No annual fee
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Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Card for Choosing Your Own Bonus Category
U.S. Bank Cash+® Secured Visa® Card *
4.6
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Up to 5X Reward Rate
5% cash back on on the first $2,000 in combined eligible purchases each quarter in two categories of choice, 2%Read More
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
29.99% variable
Credit Score
Good(700 - 749)
Our Expert Take
Not only does the U.S. Bank Cash+® Secured Visa® Card* earn rewards, which isn’t a given among secured cards, but it’s a choose your own bonus adventure from a list of several everyday common spending areas.
Why We Like It
The U.S. Bank Cash+® Secured Visa® Card* allows you to select two categories to earn elevated rewards, which can be valuable if your spending isn’t the same from month to month.
What We Don’t Like
The U.S. Bank Cash+® Secured Visa® Card* has a minimum deposit requirement of $300, which may be higher than other secured cards, but it allows a maximum of $5,000. If you don’t choose two categories to earn bonus rewards, purchases will default to earning only 1% back.
Who It’s Best For
If your spending patterns change often, this card lets you maximize rewards for specific categories.
Pros & Cons
- High rewards potential for a secured card
- $0 annual fee
- Path to upgrade to an unsecured card with responsible card usage
- Requires a security deposit of at least $300
- Must remember to activate categories with highest expected purchases each quarter
- High variable APR
- Foreign transaction fee
Card Details
- Earn 5% cash back on the first $2,000 in combined eligible purchases each quarter in two categories you choose
- Earn 2% cash back on eligible purchases in your choice of one everyday category (like gas stations, grocery stores and restaurants)
- Earn 1% cash back on all other eligible purchases
- Also earn 5% cash back on prepaid hotel, car, or air reservations when booked directly in the Rewards Travel Center
- Choose payment due date
- $0 annual fee
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Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Secured Card for No Credit Check
Varo Believe Card *
4.6
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
No Rewards
The Varo Believe Card does not offer rewards on purchases
Welcome Bonus
N/A
Annual Fee
$0
Regular APR
N/A
Credit Score
No credit check
Our Expert Take
The innovative Varo Believe Card*does not require a credit check or a minimum deposit, but instead bases its limit on your balance in a linked Varo bank account. This could be useful to people who can’t afford to tie up several hundred dollars for a deposit and don’t care about the card’s lack of rewards.
Why We Like It
The Varo Believe Card* is a secured card that doesn’t require a credit check and with no minimum security deposit. The balance in your linked Varo bank account serves as your spending limit and deposit. As you make purchases, Varo reduces the available amount in your linked account, then automatically pays the bill each statement cycle. Varo will not charge you interest or fees, though it strongly encourages enrolling in their Safe Pay program to ensure you don’t miss a payment.
What We Don’t Like
The card requires that you have a Varo bank account that has received $200 in deposits in the past month.
Who It’s Best For
The Varo Believe Card* is a good choice for cardholders who are willing to move their daily banking to Varo, and want to control their spending through the linked account.
Pros & Cons
- No credit check needed to apply
- No APR
- No fees
- Earn cash back at specific, changing vendors
- Designed to build and improve credit
- Set your own credit limit
- Must have a Varo bank account
- Minimum monthly direct deposits are required
- “Credit” is really just secured money in your linked Varo account
- Must pay your balance in full every month
- Balance transfers aren’t allowed
Card Details
- Choose your own credit limit
- No minimum security deposit
- No credit checks
- No annual fees
- No interest
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Summary of the Best Secured Credit Cards
Credit Card
Secured Chime Credit Builder Visa® Credit Card
U.S. Bank Altitude® Go Secured Visa® Card *
First Tech Platinum Secured Mastercard® *
First Progress Platinum Prestige Mastercard® Secured Credit Card
Bank of America® Travel Rewards Secured Credit Card *
Discover it® Secured Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card
Bank of America® Customized Cash Rewards Secured Credit Card *
U.S. Bank Cash+® Secured Visa® Card *
Varo Believe Card *
Credit Card
Best For
Credit Score
Annual Fee
Welcome Bonus
Secured Chime Credit Builder Visa® Credit Card
Best Secured Card for Access to Deposit
Poor, Average
$0
N/A
U.S. Bank Altitude® Go Secured Visa® Card *
Best Secured Card for Earning Points
Good
$0
N/A
First Tech Platinum Secured Mastercard® *
Best Credit Union Secured Card
Limited, Bad
$0
N/A
First Progress Platinum Prestige Mastercard® Secured Credit Card
Best Secured Card for Low APR
Poor/Limited/No Credit
$49
None
Bank of America® Travel Rewards Secured Credit Card *
Best Secured Card for Flat-Rate Travel Rewards
Limited, Bad, Fair
$0
N/A
Discover it® Secured Credit Card
Best Secured Card Welcome Bonus
New/Rebuilding Credit
$0
Cashback Match™
Capital One Quicksilver Secured Cash Rewards Credit Card
Best Secured Card for Flat-Rate Cash Back
Limited, Bad
$0
N/A
Bank of America® Customized Cash Rewards Secured Credit Card *
Best Secured Card for Reward-Earning Potential
New to Credit
$0
N/A
U.S. Bank Cash+® Secured Visa® Card *
Best Secured Card for Choosing Your Own Bonus Category
Good
$0
N/A
Varo Believe Card *
Best Secured Card for No Credit Check
No credit check
$0
N/A
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Intro Offer: Unlimited Cashback Match™ - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. Just a dollar-for-dollar match.
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None
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Intro Offer: Unlimited Cashback Match™ - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. Just a dollar-for-dollar match.
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