Comparing credit card offers since 2005 - it's fast and easy! Search, Compare and Apply for the best credit card deals now


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 2014.

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.

Read More
Apply online forFirst Progress Platinum Select MasterCard® Secured Credit Card
Apply Now
Credit Needed:
Limited

First Progress Platinum Select MasterCard® Secured Credit Card


Editor's Rating:0 Stars
  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $300 -- $2,000 Submitted with Application
  • 24/7 Online Access to Your Account
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • * See Card Terms.
Apply online forFirst Progress Platinum Prestige Secured MasterCard®
Apply Now
Credit Needed:
Bad

First Progress Platinum Prestige Secured MasterCard®


Editor's Rating:0 Stars
  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • 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
  • * See Card Terms.
Apply online forFirst Progress Platinum Elite MasterCard® Secured Credit Card
Apply Now
Credit Needed:
Limited

First Progress Platinum Elite MasterCard® Secured Credit Card


Editor's Rating:0 Stars
  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • 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
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • * See Card Terms.
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 card, charge card or other credit type product prior to applying.

Amalgamated Bank Secured MasterCard

Secured credit card with 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 with Merrick Bank; 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 with US Bank, 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-$10,000 to a "collateral account" with Wells Fargo Bank. 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.


In the News
  • "As comprehensive a list as you'll find of all the credit card offers on the table now."

Disclaimer: Because rates and offers from advertisers shown on this website change frequently, please visit referenced sites for current information. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise.