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The Best Secured Credit Cards

Editors Rating: 4.5/5

Secured Credit Cards are credit cards for bad credit that require a deposit for approval. Most cards listed report to credit reporting agencies, which may potentially help you establish credit.

Credit cards have been demonized over the past few years, but a credit card is often necessary for a healthy financial life. If you are just starting out with credit or need to rebuild it after a financial failure, you should begin with a secured credit card for 2013.

What is a Secured Credit Card?

Secured Credit Card Definition:  A secured credit card is a credit card for those with limited or bad credit histories. You deposit a certain amount of money with the issuing bank, usually $300 to $500, and that becomes your line of credit. The deposit is your collateral, or security, for the credit card.

Show the bank you can handle credit

In time, you'll be able to add more to the deposit so that you can increase your credit line. If you manage your credit very responsibly, a bank may reward you with a greater credit line without asking you for a larger deposit.

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Apply online forBarclaycard® Rewards MasterCard® - Average Credit
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Barclaycard® Rewards MasterCard® - Average Credit


Editor's Rating:5 Stars
  • 0% Introductory APR for 6 months on purchases
  • 0% Introductory APR for 6 months on balance transfers
  • Earn 2 points per $1 on gas, grocery, and utility purchases
  • Earn 1 points per $1 everywhere else
Apply online forContinental Finance Matrix Discover® credit card
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Continental Finance Matrix Discover® credit card


Editor's Rating:1 Stars
  • The Continental Finance Matrix Discover® credit card accepts individuals of all credit types.
  • No application fees.
  • Use your card at locations everywhere Discover® is accepted.
  • Build positive credit by making monthly payments on time.
  • Free online account access 24/7
  • Fast and easy application process; results provided in seconds
Apply online forContinental Finance Matrix Unsecured Credit Card
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Continental Finance Matrix Unsecured Credit Card


Editor's Rating:1 Stars
  • The Continental Finance Matrix Discover® credit card accepts individuals of all credit types.
  • No application fees.
  • Use your card at locations everywhere Discover® is accepted.
  • Build positive credit by making monthly payments on time.
  • Free online account access 24/7
  • Fast and easy application process; results provided in seconds
Apply online forMatrix Credit Card
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Matrix Credit Card


Editor's Rating:1 Stars
  • The Continental Finance Matrix Discover® credit card accepts individuals of all credit types.
  • No application fees.
  • Use your card at locations everywhere Discover® is accepted.
  • Build positive credit by making monthly payments on time.
  • Free online account access 24/7
  • Fast and easy application process; results provided in seconds
Apply online forFirst Progress Platinum Prestige Secured MasterCard
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First Progress Platinum Prestige Secured MasterCard


Editor's Rating:5 Stars
  • Get Approved Fast - Just Click Below to Start the Process!
  • No Credit History or Minimum Credit Score Required for Approval
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Receive Your Card More Quickly with New Expedited Processing Option
  • Full-Feature Platinum MasterCard® Secured Credit Card
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Credit Line Secured by Your Fully-Refundable Deposit of $300 -- $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
  • Nationwide Program - though not yet available in NY, IA, AR, or WI
Apply online forMAGIC Prepaid MasterCard®
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MAGIC Prepaid MasterCard®


Editor's Rating:5 Stars
  • No Activation Fee*
  • $10 for enrolling in direct deposit*
  • Fees as low as $4.95 per month
  • Takes you places cash can't go
Apply online forHorizon Gold Card
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Horizon Gold Card


Editor's Rating:1 Stars
  • No Credit Check
  • Fast Online Application
  • Always 0.0%APR
  • Instant Approval
Apply online forVISA® Platinum from Credit One Bank® - Poor Credit
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VISA® Platinum from Credit One Bank® - Poor Credit


Editor's Rating:5 Stars
  • Get pre-qualified for a Visa Platinum card
  • Pick your payment due date to fit your schedule
  • Email or text alerts to remind you when your payment is due
  • Choose your card design from our premium gallery
  • Travel Accident Insurance and Auto Rental Collision Damage Waiver
Apply online forFirst Progress Platinum Elite MasterCard® Secured Credit Card
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First Progress Platinum Elite MasterCard® Secured Credit Card


Editor's Rating:4 Stars
  • Submit Your Refundable Security Deposit of $300 - $2,000 at Time of Application
  • Just Pay Off Your Balance and Get Your Deposit Back at Any Time
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Full-Feature Platinum MasterCard® Secured Credit Card
  • No Credit History or Minimum Credit Score Required for Approval
  • * See Card Terms.
Apply online forRush Card - Black Diamond Prepaid Visa®
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Rush Card - Black Diamond Prepaid Visa®


Editor's Rating:5 Stars
  • Enroll in Direct Deposit and get your pay up to two days early. *Certain restrictions apply. See card site for details.
  • Easy Online Bill Pay - pay bills, rent, or write personal checks.
  • Your Funds are FDIC-insured through The Bancorp Bank; Member FDIC.
  • Free 24/7 customer service.
Apply online forRush Card - Prepaid Visa® RushCard
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Rush Card - Prepaid Visa® RushCard


Editor's Rating:5 Stars
  • Enroll in Direct Deposit and get your pay up to two days early. *Certain restrictions apply. See card site for details.
  • Easy Online Bill Pay - pay bills, rent, or write personal checks.
  • Your Funds are FDIC-insured through The Bancorp Bank; Member FDIC.
  • Free 24/7 customer service.
Apply online forPrepaid Visa® KLS RushCard
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Prepaid Visa® KLS RushCard


Editor's Rating:5 Stars
  • Enroll in Direct Deposit and get your pay up to two days early. *Certain restrictions apply. See card site for details.
  • Easy Online Bill Pay - pay bills, rent, or write personal checks.
  • Your Funds are FDIC-insured through The Bancorp Bank; Member FDIC.
  • Free 24/7 customer service.
IndexCreditCards.com is not a lender service and does not issue credit cards, charge cards or any other credit products. IndexCreditCards.com contains links to third party websites which have paid for a link to their website. Offers are subject to change without notice and the terms displayed may not be available to all consumers. Please verify all terms and conditions and restrictions of any credit cards, charge cards or any other credit products prior to applying.

Account Now Debit MasterCard

100% guaranteed approval, No credit check needed. Free credit builder and bill pay.

Amalgamated Bank Secured MasterCard

Secured credit card offers a Prime + 6.0 or 9.0% rate and a $50 annual fee.

American Savings Bank Secured Visa

Line of credit is secured by an equal amount of funds held on deposit in a Statement Savings account at American Savings Bank.

Merrick Bank Secured MasterCard

Make a security deposit between $300 and $3,000; that is your secured card's credit line. Merrick Bank reports to the major credit reporting agencies.

US Bank Secured Visa Credit Card

Make a security deposit between $300 and $5,000, which is deposited in a bank account. This acts as your credit line, but payments are not deducted from this account as long as you make your monthly payments on time.

Wells Fargo Secured Credit Card

Make a deposit of $300-$5,000 to a "collateral account." Your collateral account determines your limit, and that money is held as a deposit. You make monthly payments on your charges, just like a credit card.


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