Best Secured Credit Cards in 2024

The Capital One Platinum Secured Card is a commendable tool for individuals looking to pave their credit journey. Without the burden of annual fees and the advantage of quick approvals, this card positions itself as a user-friendly option. While the initial security deposit is a caveat, the card promises credit line enhancements within half a year based on responsible use. The cherry on top is its robust security features and the ability to monitor one's credit score seamlessly. It's suitable for those eyeing credit growth, although potential users should be mindful of its higher interest rates.

• No annual or hidden fees.
• The minimum security deposit is $49 (refundable), which lets you get a $200 initial credit line.
• After six months, you're automatically considered for a higher credit line without needing an additional deposit.
• Earn back your security deposit as a statement credit by using your card responsibly, such as making payments on time.
• Using the Capital One Platinum Secured card responsibly can help improve your credit.
• Comes with a $0 Fraud Liability feature to ensure you won't be responsible for unauthorized charges.
• Access to CreditWise from Capital One, which lets you monitor your credit score for free.
• Access your account 24/7 with online banking via desktop or smartphone, and through Capital One's mobile app.
• Check your approval status in seconds.

You can qualify for the Capital One Quicksilver Secured Cash Rewards Card with limited or bad credit and be on a path to an unsecured card after six months. Meanwhile, you earn a flat 1.5% cash back on all purchases. However, a $200 security deposit is required to get started.

• No annual or hidden fees.
• You can be automatically considered for a higher credit line after six months. No additional deposit required.
• By providing a refundable $200 security deposit, you'll gain a $200 initial credit line. You can earn back your security deposit as a statement credit by making timely payments and through responsible use of the card.
• Earn unlimited 1.5% cash back on all purchases.
• Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Terms apply.
• Benefit from $0 Fraud Liability, ensuring you are not responsible for unauthorized charges.
• Using the Quicksilver Secured responsibly can help build your credit.
• Gain access to CreditWise from Capital One, a free tool that lets you monitor your credit score.
• Get up to six months of complimentary Uber One membership statement credits. The offer is valid until November 14, 2024.

The OpenSky® Secured Visa® Credit Card is ideal for those looking to build or rebuild credit. Its high approval rate and lack of credit check requirements make it accessible to many individuals. Users benefit from free monthly FICO score access and the ability to establish a credit history with major credit agencies, which is vital for financial health. The card's flexibility in payment scheduling and the option to fund the security deposit over time add to its user-friendliness. While it lacks a rewards program and has an annual fee, its primary focus is on fostering responsible credit use and improvement.

• Earn up to 10% cash back on everyday purchases.
• No credit check is required to apply.
• Free monthly access to your FICO score through our mobile app.
• Build your credit history with Experian, Equifax, and TransUnion.
• Compatible with Apple Pay, Samsung Pay, and Google Pay for easy mobile payments.
• Low $200 refundable security deposit for a $200 credit line.
• Flexible payment dates to fit your schedule.
• Fund your security deposit over 60 days with partial payments.
• Over 1.4 million cardholders have improved their credit with OpenSky.

Great if you’re improving your credit, the Discover it® Secured offers a no-annual-fee route to an unsecured card with the bonus of cash back rewards. However, an initial security deposit is required.

• No credit score is 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 start at seven months to see if Discover 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.
• Earn unlimited 1% cash back on all other purchases — automatically.
• Discover could help you reduce the 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 using the mobile app.
• Get an alert if Discover finds your Social Security number on any of thousands of dark websites. Activate for free.

The Chime Credit Builder Secured Visa® Credit Card is an impressive choice for those looking to construct a solid credit foundation without the burdens of annual fees or interest. It champions your credit-building journey by reporting to all major bureaus, and its no-credit-check feature makes it accessible to many. Although you'd need a Chime account and the card uses your deposited funds as collateral, its overall value is undeniable, especially when considering its universal acceptance as a Visa card. This card marries simplicity with functionality.

• The card comes with no annual fee or interest
• Applying for the card doesn't require a credit check
• To qualify for this card, set up a Chime checking account and ensure a qualifying payroll direct deposit of $200 or more
• You can instantly disable the card to guard against fraudulent activities
• This card lets you build credit with your own funds, reducing risks of debt and missed payments
• The Chime Credit Builder Card reports to all three credit bureaus
• The card is issued by Stride Bank, N.A. and is accepted wherever Visa credit cards are used
• While there's no interest, fees apply for out-of-network ATM withdrawals except in specific ATM
• Funds added to the Credit Builder act as collateral for the card, allowing you to spend up to the deposited amount

The Petal® 1 card shines as a hassle-free financial companion, especially for those on their credit-building journey. With no annual or foreign transaction fees, it's wallet-friendly both at home and abroad. The card's highlight is its ability to gauge your eligibility without the standard credit scrutiny, making the approval process less intimidating. It diligently reports to major credit bureaus, fortifying your credit-building efforts. While it has an elevated APR and rewards are merchant-specific, its features cater to those aiming for financial growth, and the supporting app ensures you stay on top of your game.

• Enjoy no annual fee.
• APR ranges from 25.24% to 34.74% (variable).
• Credit limits range from $300 to $5,000.
• Potential for a credit limit boost in just six months.
• Earn between 2% and 10% cash back with certain retailers.
• Check for pre-approval quickly without affecting your credit.
• No foreign transaction fees.
• Use Petal's app to manage funds, monitor expenses and set up automatic payments.
• Reports to all three major credit bureaus.
• Enjoy swift, secure payments with the card’s contactless technology.

The U.S. Bank Cash+® Visa Signature® Card stands out as a robust option for consumers keen on maximizing cash back from their daily expenses. With no annual fee and an enticing welcome bonus, it's an attractive choice right from the start. Its diverse cash back categories, especially on travel bookings and everyday purchases, let you tailor rewards to your spending habits. Additionally, the introductory APR offer can be a lifeline for those seeking to manage their finances better. However, we recommend thoughtfully navigating its rewards system and being wary of the higher APR following the intro period. This card offers a balance of rewards and features that can be particularly beneficial with mindful usage.

• No annual fee
• Earn a $200 bonus after spending $1,000 on eligible purchases within the first 120 days
• Earn 5% cash back on the first $2,000 in selected categories each quarter
• Earn 5% cash back on direct prepaid air, hotel and car bookings through the Rewards Center
• Earn 2% cash back in a daily category such as gas stations, EV charging stations, grocery stores or restaurants
• Earn 1% cash back on all other eligible transactions
• Benefit from a 0% Intro APR on balance transfers for the first 18 billing cycles
• Regular APR of 19.74%–29.74% (variable)

The First Progress Platinum Elite Mastercard® Secured Credit Card is ideal for those starting or rebuilding their credit journey. Its standout feature is the customizable credit line, which aligns with your deposit, granting much-needed flexibility. Additionally, there's no minimum credit score requirement, making it accessible to many users. Regular reporting to the major credit bureaus ensures your responsible spending and payment habits contribute positively to your credit score. While it lacks rewards and has an annual fee, its primary value lies in being a practical, accessible tool for credit building and management.

• Select a credit line from $200 to $2,000, determined by your security deposit
• No minimum credit score required
• Reports to all three major credit bureaus, helping you improve your credit
• Responsible use, such as maintaining a low balance and timely payments, often leads to a credit score increase
• Regular APR of 25.24% (variable)
• Has a $29 annual fee

The Self - Credit Builder Account with Secured Visa® Credit Card is an excellent tool for those building or rebuilding their credit. It uniquely blends credit building with savings, reporting to all three bureaus to enhance your credit profile. Its eligibility criteria encourage timely payments and savings discipline, making it ideal for anyone looking to develop healthy financial habits. While it does come with some fees and lacks immediate availability and rewards, its primary value lies in fostering responsible credit use and offering a pathway to improved financial standing.

• Eligibility for the Self Visa® Credit Card requires at least three on-time monthly payments, a minimum of $100 in savings progress in the Credit Builder Account and maintenance of a good standing status
• Doesn’t require a hard credit check
• Savings accumulated in the Credit Builder Account serve as the security deposit for the secured Self Visa® Credit Card
• The Credit Builder Account reports to all three credit bureaus, aiding in building credit history and savings with each on-time monthly payment
• To remain eligible for the credit card, the Credit Builder Account must be active and in good standing, with specific requirements subject to change
• Charges an admin fee and a $25 annual fee
• Variable APR of 29.24%

The First Progress Platinum Prestige Mastercard® Secured Credit Card stands out as an accessible and rewarding option, especially for those with limited or challenging credit histories. It allows you to earn cash back on your expenditures, a rare feature in secured cards. The flexible credit line, backed by a security deposit, offers control over your credit limits, catering to various financial situations. Although it has an annual fee and requires a deposit, its credit-building potential and cash back rewards make it a valuable tool for financially savvy individuals looking to improve or establish their credit.

• No minimum credit score necessary for approval
• Earn 1% cash back rewards on payments
• Set your credit line from $200 to $2000, determined by your security deposit
• Contributes to credit score building, reporting to all three credit bureaus
• Regular APR set at 15.24% (Variable)
• Charges an annual fee of $49

The Bank of America® Unlimited Cash Rewards Secured Credit Card stands out for its unique blend of cash back rewards and credit-building potential, all with no annual fee. It's an excellent tool if you're looking to enhance your credit score while enjoying the perks of a rewards card. The required security deposit, which influences the credit limit, offers a structured way to manage spending. Regular reviews could lead to the deposit's return, incentivizing responsible use. Additionally, the card provides valuable financial insights through free FICO® Score access and comprehensive online banking services, making it a practical choice for financially savvy users.

• Earn unlimited 1.5% cash back on all purchases, and rewards do not expire
• No annual fee
• Security deposit between $200 and $5,000 required
• Credit limit is based on income and payment ability
• This credit card helps build credit with responsible use
• Periodic account reviews may lead to return of security deposit depending on overall credit history
• Free monthly access to FICO® Score through mobile banking app or online banking, with insights into score-affecting factors
• Includes credit education on responsible credit card use and budgeting
• Standard variable APR of 28.24%
• Balance transfers incur a fee of 3% per transaction
• Fraud protection with alerts for abnormal patterns and a $0 Liability Guarantee for fraudulent transactions
• Customizable email or text alerts for balance monitoring, due dates and payment confirmations
• Access to award-winning online and mobile banking for card management, bill payment and fund transfers

The Bank of America® Customized Cash Rewards Secured Credit Card is ideal for those looking to build credit while enjoying flexible rewards. Its standout feature is adaptable cash back in various everyday spending categories, coupled with a user-friendly system for category selection. The card also offers the potential to transition to an unsecured card, enhancing its long-term value. Users benefit from robust fraud protection and access to online banking tools. However, the card's security deposit and a high APR require careful financial management. Overall, this card skillfully balances credit-building with rewarding spending.

• No annual fee
• Earn 3% cash back in a category of your choice: gas and EV charging, online shopping, dining, travel, drug stores or home improvement and furnishings
• Earn 2% cash back at grocery stores and wholesale clubs
• Earn unlimited 1% cash back on all other purchases
• 3% and 2% cash back have a $2,500 purchase limit each quarter; afterward, cash back becomes 1%
• Minimum security deposit of $200 required; maximum of $5,000
• Credit limit based on security deposit, income and ability to pay
• Potential for security deposit return based on credit history
• Change your choice category monthly through mobile app or online banking
• Free monthly FICO® Score access through mobile app or online banking
• Standard APR of 28.24% (variable)
• Balance transfer fee of 3% per transaction
• Fraud protection with abnormal pattern detection and $0 Liability Guarantee
• Access to award-winning mobile app and online banking for bill payment and more

The U.S. Bank Altitude® Go Secured Visa® Card is a practical choice for those seeking to build or rebuild credit. It's a secured card that offers the potential for high rewards in popular spending categories like dining and groceries, coupled with the convenience of no annual fee. One of its key features is the opportunity to upgrade to an unsecured card, reflecting responsible usage. Additionally, the card offers regular credit bureau reporting and a unique streaming credit perk. While it requires a security deposit, its overall functionality and benefits make it a strong contender for credit-conscious individuals.

• Requires a security deposit ranging from $300 to $5,000
• No annual fee
• Regular reporting to three major credit bureaus to assist in credit building
• Potential upgrade to U.S. Bank Altitude Go Visa Signature Card with security deposit refund for responsible use
• Earn 4X points on dining, takeout and restaurant delivery
• Earn 2X points at grocery stores, grocery delivery, streaming services, gas stations and EV charging stations
• All other eligible purchases earn 1X point
• $15 streaming credit annually for services like Netflix and Spotify® after 11 months of streaming purchases
• Zero fraud liability for unauthorized transactions if card is lost or stolen
• Compatibility with mobile wallet for secure tap payments
• Designed for individuals looking to build or rebuild credit with fair credit scores
• Points never expire and can be redeemed immediately or saved for later use

The Citi® Secured Mastercard® is an excellent starter card for those building or rebuilding their credit. It reports to major credit bureaus, boosting credit history with responsible use. The card requires a security deposit, which doubles as your credit limit, ensuring controlled spending. Its standout feature is free access to your FICO score, a valuable tool for monitoring credit progress. With no annual fee and worldwide acceptance, it's both cost-effective and globally functional. The card also offers digital wallet compatibility, flexible payment options and robust security features like ID Theft Protection, making it a practical choice for everyday use.

• No annual fee
• Security deposit required, determining the credit limit (minimum $200, up to $2,500)
• Accepts customers with little or no credit history
• Helps build credit with monthly reporting to all three major credit bureaus
• Free access to your FICO score online
• Accepted worldwide wherever Mastercard® is accepted
• Auto Pay and account alerts for easier account management
• Flexible payment due dates, allowing you to choose your payment date
• Online, phone and mobile app account management available 24/7
• Credit qualification criteria include income and debt review
• Digital Wallets for secure and convenient online, app and in-store shopping
• Complete protection against unauthorized charges
• Get Mastercard® ID Theft Protection™ at no extra cost
• Purchase APR of 27.74% (variable)

The OpenSky® Plus Secured Visa® Credit Card is an excellent choice if you are seeking to build or repair your credit without worrying about a credit check. It is highly accessible, boasting a high approval rate and reporting to major credit bureaus, thus helping improve your credit score. Although it requires a security deposit, it compensates with no annual fees and tools like payment notifications and spending limits to encourage responsible financial behavior. It is ideal for anyone prioritizing credit health over rewards or introductory offers.

• Earn up to 10% cash back on everyday purchases.
• No annual fee.
• No credit check to apply, with an instant approval decision.
• 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 with 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 from your mobile device.
• Offers flexible payment due dates to fit your schedule.
• 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.

The Navy Federal Credit Union® nRewards® Secured Credit Card stands out for its combination of rewards and financial growth opportunities. With points earned on every purchase and flexible redemption options, it’s a practical choice for everyday spending. The card notably lacks annual, balance transfer and foreign transaction fees, enhancing its value. Eligibility for a credit upgrade after responsible use further cements its appeal, especially for those building or rebuilding credit. While it requires credit union membership and a security deposit, its strengths make it a compelling option for savvy financial users.

• Required deposit of at least $200 into membership savings account to back spending, held as security if approved
• No annual, balance transfer, foreign transaction or cash advance fees See rates and fees
• Earn 1X points per dollar spent
• Eligibility for credit upgrade without additional security deposit after three months, dependent on credit limit and other factors
• After six months, you get a review for potential upgrade to unsecured card, with on-time payments and credit limit adherence improving chances
• No limit on reward earnings, with rewards expiring after four years
• Points redeemable for cash, statement credit, gift cards and merchandise
• Includes rental car coverage
• Purchase and balance transfer APR of 18.00% (variable) See rates and fees
• Requires Navy Federal Credit Union membership

The DCU Visa® Platinum Secured Credit Card stands out for its user-friendly features, making it a solid choice for building or rebuilding credit. It offers a fee-free experience, removing the burden of annual and transactional fees. The card’s commitment to security is evident through robust fraud alerts and the option to freeze or unfreeze your card. Although it lacks reward incentives and requires a security deposit and credit union membership, its overall functionality makes it a practical and secure option for responsible credit management.

• Requires a security deposit
• No annual, balance transfer, foreign transaction or cash advance fees
• Fraud notifications and the ability to freeze or unfreeze the card
• Visa benefits, including travel and live music perks
• Encryption of personal information in Mobile Wallet transactions
• Free monthly credit score access based on Equifax data with explanatory reasons
• ID Navigator for identity theft protection, dark web monitoring, and data breach notifications
• Extended warranties on eligible items purchased with the Visa card
• Free same-day delivery on orders over $35 with a free Visa credit cardholder membership
• APR ranges from 16.75% to 18% variable
• Requires membership to the Digital Federal Credit Union