Top 10 Best Secured Credit Cards on the Market Today

Secured credit cards are a great way to build your credit history or rebuild your credit after a financial setback. They work like regular credit cards, but you need to put down a security deposit, which serves as your credit limit. Once you make on-time payments and use the card responsibly, you can start to build a positive credit history.

Here are the top 10 best secured credit cards on the market today, based on factors such as annual fees, interest rates, rewards programs, and security features:

OpenSky® Secured Visa® Credit Card
	New feature! Earn up to 10% cash back* on everyday purchases No credit check to apply. Zero credit risk to apply! Looking to build or rebuild your credit? 2 out of 3 OpenSky cardholders increase their credit score by an average of 41 points in just 3 months Get free monthly access to your FICO score in our mobile application Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and TransUnion Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay Fund your card with a low $200 refundable security deposit to get a $200 credit line Apply in less than 5 minutes with our mobile first application Choose the due date that fits your schedule with flexible payment dates Fund your security deposit over 60 days with the option to make partial payments Over 1.4 Million Cardholders Have Used OpenSky Secured Credit Card To Improve Their Credit *See Rewards Terms and Conditions for more information Apply Online – Click Here
Purchase APR Rate: 25.64% (variable) – Annual Fee: $35 – Credit Needed: Poor – Credit Line: $200-$3000 at time of application – Late Payment Fee: Up to $40

First Progress Platinum Elite Mastercard® Secured Credit Card
	Choose your own credit line – $200 to $2000 – based on your security deposit Build your credit score.¹ Reports to all 3 credit bureaus No minimum credit score required for approval! ¹ 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. Apply Online – Click Here
Purchase APR Rate: 25.24% (V) – Annual Fee: $29 – Credit Needed: Poor/Limited/No Credit – Credit Line: up to $2,000

First Progress Platinum Select Mastercard® Secured Credit Card
	1% Cash Back Rewards on payments Choose your own credit line – $200 to $2000 – based on your security deposit Build your credit score.¹ Reports to all 3 credit bureaus No minimum credit score required for approval! ¹ 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. Apply Online – Click Here
Purchase APR Rate: 19.24% (V) – Annual Fee: $39 – Credit Needed: Poor/Limited/No Credit – Credit Line: $2,000

First Progress Platinum Prestige Mastercard® Secured Credit Card
	1% Cash Back Rewards on payments Choose your own credit line – $200 to $2000 – based on your security deposit Build your credit score.¹ Reports to all 3 credit bureaus No minimum credit score required for approval! ¹ 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. Apply Online – Click Here
Purchase APR Rate: 15.24% (V) – Annual Fee: $49 – Credit Needed: Poor/Limited/No Credit – Credit Line: $2,000

Applied Bank® Secured Visa® Gold Preferred® Credit Card
	Better than Prepaid…Go with a Secured Card! Load One Time – Keep On Using Absolutely No Credit Check or Minimum Credit Score Required Automatic Reporting to All Three National Credit Bureaus 9.99% Low Fixed APR – Your Rate Won’t Go Up Even if You Are Late Activate Today with a $200 Minimum Deposit – Maximum $1,000. Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime Apply Online – Click Here
Purchase APR Rate: 9.99% Fixed – Annual Fee: $48 – Credit Needed: Poor/Fair/Limited/Damaged – Credit Line: $200 – $1,000

Applied Bank® Unsecured Classic Visa® Card
	Get Pre-Qualified in Less Than a Minute A $300 Unsecured Credit Line which can be used at Grocery Stores, Gas Stations, Discount Stores, ATM’s and Online! A REAL Visa® Credit Card with Automatic Reporting to all Three National Credit Bureaus No Penalty Rate. Your Rate Won’t Go Up Even If You are Late Access Additional Credit With On-Time Payments and Responsible Usage A True Unsecured EMV enabled (chip) Visa Credit card Does not require perfect credit for approval Fixed APR and Manageable Monthly Payments Apply Online – Click Here
Purchase APR Rate: 29.99% – Annual Fee: See website for Details* – Credit Needed: Poor/Damaged Credit – Return Payment Fee: Up to $38 – Late Payment Fee: Up to $38

OpenSky® Plus Secured Visa® Credit Card
	New feature! Earn up to 10% cash back* on everyday purchases No annual fee No credit check to apply. Find out instantly if you are approved- Zero credit risk to apply! Looking to build or rebuild your credit? 2 out of 3 OpenSky cardholders increase their credit score by an average of 41 points in just 3 months Monitor your credit progress with free access to your FICO Credit Score. Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and TransUnion Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay Secure your credit line with a refundable security deposit – as low as $300. Easy application, apply in less than 5 minutes right from your mobile device Offers flexible payment due dates which allow you to choose any available due date that fits your payment schedule Now you can make smaller partial payments towards funding your security deposit over 60 days Over 1.4 Million Cardholders Have Used OpenSky Secured Credit Card To Improve Their Credit *See Rewards Terms and Conditions for more information Apply Online – Click Here
Purchase APR Rate: 29.99% (variable) – Annual Fee: $0 – Credit Needed: No credit, Poor, Fair – Credit Line: $300-$3000 at time of application – Late Payment Fee: Up to $40

1. Discover it® Secured Credit Card

The Discover it® Secured Credit Card is one of the best secured credit cards on the market, thanks to its generous rewards program and no annual fee. You can earn 5% cash back on rotating quarterly categories (up to $1,500 in spending each quarter), and 1% cash back on all other purchases. Plus, Discover will match all the cash back you earn at the end of your first year.

2. Capital One Platinum Secured Credit Card

The Capital One Platinum Secured Credit Card is another great option for people with bad credit or no credit history. It has no annual fee and a low minimum security deposit of $200. You’ll also get a credit line increase after just six months of on-time payments.

3. Bank of America® Customized Cash Rewards Secured Credit Card

The Bank of America® Customized Cash Rewards Secured Credit Card is a good choice for people who want to earn cash back on their purchases. You can choose one category to earn 3% cash back on, such as gas, groceries, online shopping, or travel. You’ll also earn 1% cash back on all other purchases.

4. U.S. Bank Cash+® Secured Visa® Card

The U.S. Bank Cash+® Secured Visa® Card is another good option for cash back rewards. You can choose two categories to earn 5% cash back on, such as gas, groceries, restaurants, travel, or department stores. You’ll also earn 1% cash back on all other purchases.

5. Capital One Quicksilver Secured Cash Rewards Credit Card

The Capital One Quicksilver Secured Cash Rewards Credit Card is a good choice for people who want a simple rewards program. You’ll earn 1.5% cash back on all purchases.

6. First Progress Platinum Prestige Mastercard® Secured Credit Card

The First Progress Platinum Prestige Mastercard® Secured Credit Card is a good option for people who want a low APR. It has an APR of 15.99%, which is one of the lowest on the market for secured credit cards.

7. Self Visa® Secured Card

The Self Visa® Secured Card is a good option for people who want to build their credit without having to put down a large security deposit. You can open an account with a deposit as small as $1.

8. OpenSky® Secured Visa® Credit Card

The OpenSky® Secured Visa® Credit Card is another good option for people with no credit history or bad credit. It has no credit check required and no annual fee.

9. Secured Chime® Credit Builder Visa® Credit Card

The Secured Chime® Credit Builder Visa® Credit Card is a good option for people who want to build their credit and manage their money with a mobile app. It has no annual fee and no credit check required.

10. UNITY Visa® Secured Credit Card

The UNITY Visa® Secured Credit Card is a good option for people who want to support a community bank. It has no annual fee and a low minimum security deposit of $200. You’ll also get a chance to earn a credit line increase after six months of on-time payments.

No matter which secured credit card you choose, be sure to use it responsibly and make all of your payments on time. This will help you build a positive credit history and qualify for better credit cards in the future.