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Best Secured Credit Cards Of 2025

Audited & Verified: Apr 9, 2025, 8:10am
Robin Saks Frankel
Robin Saks Frankel
Robin Saks FrankelStaff Writer
Robin has worked as a credit cards, editor and spokesperson for over a decade. Prior to Forbes Advisor, she also covered credit cards and related content for other national web publications including USA TODAY, NerdWallet, Bankrate and HerMoney. She...
Read Full BioSee Full Bio
Written By
Robin Saks Frankel
Robin Saks Frankel
Robin Saks FrankelStaff Writer
Robin has worked as a credit cards, editor and spokesperson for over a decade. Prior to Forbes Advisor, she also covered credit cards and related content for other national web publications including USA TODAY, NerdWallet, Bankrate and HerMoney. She...
Read Full BioSee Full Bio
Staff Writer
Clint Proctor
Clint Proctor
Clint ProctorStaff Editor
Clint Proctor is a lead editor with the credit cards and travel rewards team at Forbes Advisor. He has five years of experience in personal finance journalism and has contributed to a variety of leading national publishers including Business Insider...
Read Full BioSee Full Bio
Edited By
Clint Proctor
Clint Proctor
Clint ProctorStaff Editor
Clint Proctor is a lead editor with the credit cards and travel rewards team at Forbes Advisor. He has five years of experience in personal finance journalism and has contributed to a variety of leading national publishers including Business Insider...
Read Full BioSee Full Bio
Staff Editor
& 1 other
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

If your credit score could use some improvement, a secured card can provide a path to establishing a stronger credit history. Secured cards are credit cards that have a security deposit requirement which can increase your chances of approval.

The best secured cards can help you build credit by reporting your credit history to the credit bureaus, and they may allow you to graduate to an unsecured card after a period of responsible card usage. This means you get your deposit back plus your credit has improved: A win-win all around. Here’s what you need to know.

Why you can trust Forbes Advisor

Our credit card editors are committed to bringing you unbiased ratings and information. Advertisers do not and cannot influence our ratings. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the credit card methodology for the ratings below.

  • Unbiased editorial team
  • 400+ credit cards rated
  • 2,700 data points considered
  • 65 years of industry experience

Read more
Show Summary

The Best Secured Credit Cards

Find The Best Credit Card

Summary of the Best Secured Credit Cards of 2025

CREDIT CARD OUR Rating & DETAILS
Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card
Apply Now
On Capital One's Website
Rates & Fees
5.0

Welcome Bonus

N/A

Credit Score

Limited, Bad

Annual Fee

$0

Bank of America® Customized Cash Rewards Secured Credit Card
Bank of America® Customized Cash Rewards Secured Credit Card *
4.9

Welcome Bonus

N/A

Credit Score

New to Credit

Annual Fee

$0

Bank of America® Travel Rewards Secured Credit Card
Bank of America® Travel Rewards Secured Credit Card *
4.7

Welcome Bonus

N/A

Credit Score

Limited, Bad, Fair

Annual Fee

$0

Bank of America® Unlimited Cash Rewards Secured Credit Card
Bank of America® Unlimited Cash Rewards Secured Credit Card *
4.7

Welcome Bonus

N/A

Credit Score

Bad, Poor

Annual Fee

$0

U.S. Bank Cash+® Secured Visa® Card
U.S. Bank Cash+® Secured Visa® Card *
4.7

Welcome Bonus

N/A

Credit Score

Good

Annual Fee

$0

U.S. Bank Altitude® Go Secured Visa® Card
U.S. Bank Altitude® Go Secured Visa® Card *
4.7

Welcome Bonus

N/A

Credit Score

Fair/Good

Annual Fee

$0

Discover it® Secured Credit Card
Discover it® Secured Credit Card
Apply Now
On Discover's Website
Rates & Fees
4.6

Welcome Bonus

Cashback Match™

Credit Score

New, Rebuilding

Annual Fee

$0

Secured Chime Credit Builder Visa® Credit Card
Secured Chime Credit Builder Visa® Credit Card
Apply Now
On Chime's Website
4.5

Welcome Bonus

N/A

Credit Score

Poor, Average

Annual Fee

$0

First Progress Platinum Select Mastercard® Secured Credit Card
First Progress Platinum Select Mastercard® Secured Credit Card
Apply Now
On First Progress's Website
4.5

Welcome Bonus

N/A

Credit Score

Poor/Limited/No Credit

Annual Fee

$39

Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card
Rates & Fees
Capital One Quicksilver Secured Cash Rewards Credit Card
Apply Now
On Capital One's Website
Bank of America® Customized Cash Rewards Secured Credit Card
Bank of America® Customized Cash Rewards Secured Credit Card *
Bank of America® Travel Rewards Secured Credit Card
Bank of America® Travel Rewards Secured Credit Card *
Bank of America® Unlimited Cash Rewards Secured Credit Card
Bank of America® Unlimited Cash Rewards Secured Credit Card *
U.S. Bank Cash+® Secured Visa® Card
U.S. Bank Cash+® Secured Visa® Card *
U.S. Bank Altitude® Go Secured Visa® Card
U.S. Bank Altitude® Go Secured Visa® Card *
Discover it® Secured Credit Card
Rates & Fees
Discover it® Secured Credit Card
Apply Now
On Discover's Website
Secured Chime Credit Builder Visa® Credit Card
Secured Chime Credit Builder Visa® Credit Card
Apply Now
On Chime's Website
First Progress Platinum Select Mastercard® Secured Credit Card
First Progress Platinum Select Mastercard® Secured Credit Card
Apply Now
On First Progress's Website
Credit Card
Our Rating
Annual Fee
Credit Score
Welcome Bonus
Learn More
Capital One Quicksilver Secured Cash Rewards Credit Card
Rates & Fees
Capital One Quicksilver Secured Cash Rewards Credit Card
5.0
$0
Limited, Bad
N/A
Apply Now
On Capital One's Website
Bank of America® Customized Cash Rewards Secured Credit Card
Bank of America® Customized Cash Rewards Secured Credit Card *
4.9
$0
New to Credit
N/A
Bank of America® Travel Rewards Secured Credit Card
Bank of America® Travel Rewards Secured Credit Card *
4.7
$0
Limited, Bad, Fair
N/A
Bank of America® Unlimited Cash Rewards Secured Credit Card
Bank of America® Unlimited Cash Rewards Secured Credit Card *
4.7
$0
Bad, Poor
N/A
U.S. Bank Cash+® Secured Visa® Card
U.S. Bank Cash+® Secured Visa® Card *
4.7
$0
Good
N/A
U.S. Bank Altitude® Go Secured Visa® Card
U.S. Bank Altitude® Go Secured Visa® Card *
4.7
$0
Fair/Good
N/A
Discover it® Secured Credit Card
Rates & Fees
Discover it® Secured Credit Card
4.6
$0
New, Rebuilding
Cashback Match™
Apply Now
On Discover's Website
Secured Chime Credit Builder Visa® Credit Card
Secured Chime Credit Builder Visa® Credit Card
4.5
$0
Poor, Average
N/A
Apply Now
On Chime's Website
First Progress Platinum Select Mastercard® Secured Credit Card
First Progress Platinum Select Mastercard® Secured Credit Card
4.5
$39
Poor/Limited/No Credit
N/A
Apply Now
On First Progress's Website
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.
N/A
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.
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.
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.
N/A
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.
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.
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.
N/A
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.
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.
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.
N/A
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.
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.
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.
N/A
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.
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.
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.
N/A
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.
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.
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.
INTRO OFFER: Unlimited Cashback Match for all new cardmembers—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.
INTRO OFFER: Unlimited Cashback Match for all new cardmembers—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.
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.
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.
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.
N/A
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.
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.
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.
N/A
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.
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.
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.

Best Secured Credit Cards of 2025

Best Secured Card to Establish Credit

Capital One Quicksilver Secured Cash Rewards Credit Card

Apply Now Apply Now
On Capital One's Website
Capital One Quicksilver Secured Cash Rewards Credit Card
Click Here To Apply Now
Rates & Fees 
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.
Apply Now Apply Now
On Capital One's Website

Welcome Bonus

N/A

Annual Fee

$0

Regular APR

29.74% (Variable)

Credit Score

Limited, Bad

Our Expert Take

Why We Like It

While most secured credit cards allow you to get your deposit back after an 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 (rates & fees). And it’s one of the best secured credit cards to build credit on the market.

Capital One allows a minimum opening deposit as low as $200 and, starting at six months, the issuer will review your account to see if you qualify for a higher credit line with no additional deposit needed. You could also earn a deposit refund as a statement credit when you use your card responsibly.

What We Don’t Like

The card is aimed at those with limited or bad credit, so it may not be accessible to those who have defaulted on a loan more than once or have been declined for a credit card in the last three months.

Who It’s Best For

The Capital One Quicksilver Secured Cash Rewards Credit Card is best for someone with limited or bad credit and committed to making on-time payments to eventually graduate to a higher limit or fully unsecured version of the card.

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 at least 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 With Adjustable Rewards Categories

Bank of America® Customized Cash Rewards Secured Credit Card *

Bank of America® Customized Cash Rewards Secured Credit Card
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.

Up to 6% Reward Rate

Earn 6% cash back for the first year in the category of your choice, 2% cash back at grocery storesRead More

Welcome Bonus

N/A

Annual Fee

$0

Regular APR

28.24% variable

Credit Score

New to Credit

Our Expert Take

Why We Like It

The no annual fee Bank of America® Customized Cash Rewards Secured Credit Card* lets you choose which 3% bonus cash-back category you want each month from a list of six. This card could be a good choice for those whose spending habits change regularly or who want to have some extra control over their rewards earning. With responsible usage, some card members may be able to graduate to an unsecured account.

What We Don’t Like

The customizable bonus categories may feel overly complicated for those who prefer a simple rewards program. This card also charges a foreign transaction fee.

Who It’s Best For

The Bank of America® Customized Cash Rewards Secured Credit Card* can be the right choice for those who want to maximize rewards on their secured card and can keep up with changing their highest-earning category as needed.

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 6% cash back for the first year in the category of your choice on the first $2,500 in combined purchases each quarter, then earn unlimited 1% thereafter.
  • Earn 3% cash back on purchases in your choice category after the first year from account opening
  • 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
  • No 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 Secured Card for Travel Rewards

Bank of America® Travel Rewards Secured Credit Card *

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 (579 and below)

Our Expert Take

Why We Like It

The Bank of America® Travel Rewards Secured Credit Card* earns rewards, and the bank will periodically review your account to see if you qualify for a security deposit refund and to convert to an unsecured card. Along with earning an elevated base rate of 1.5X, cardholders earn 3X for travel booked through the Bank of America Travel Center. Rewards earned on this card can be redeemed for statement credits to cover dining and travel expenses.

What We Don’t Like

While your rewards are worth 1 cent per point when redeemed toward dining or travel, you’ll get less value (0.6 cents per point) if you redeem them for cash back. If you’re not a big traveler and you rarely eat out, you’ll probably be better off with a secured card that earns general cash-back rewards.

Who It’s Best For

The Bank of America® Travel Rewards Secured Credit Card* is a good fit for someone who wants to build credit and earn rewards to use specifically to pay off dining and travel expenses.

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.

Best Secured Card for Cash Back on Domestic Purchases

Bank of America® Unlimited Cash Rewards Secured Credit Card *

Bank of America® Unlimited Cash 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.

Unlimited 1.5% Reward Rate

Earn unlimited 1.5% cash back on all purchases

Welcome Bonus

N/A

Annual Fee

$0

Regular APR

28.24% variable

Credit Score

Bad, Poor (579 and below)

Our Expert Take

Why We Like It

The Bank of America® Unlimited Cash Rewards Secured Credit Card* offers a simple rewards structure and allows you to redeem those for statement credits or for deposits made directly into a checking or savings account with the bank.

The card’s unlimited and easy-to-track earn rate can make it appealing for anyone working on building up a stronger credit profile. With consistent on-time payments, your account could be upgraded to an unsecured version and your deposit would be returned. There’s no annual fee and an account can be opened with as little as $200, up to a maximum amount of $5,000.

What We Don’t Like

This card charges foreign transaction fees, so it’s not a good option for international purchases.

Who It’s Best For

The Bank of America® Unlimited Cash Rewards Secured Credit Card* is a good choice for people looking for a user-friendly card that can grow with them as their credit improves.

Pros & Cons
  • Simple rewards structure is easy to manage
  • Potential to graduate to an unsecured card with good payment behavior
  • There are other secured cards that may earn you higher rewards.
  • There’s a foreign transaction fee
  • Minimum deposit of at least $200 required
Card Details
  • Earn unlimited 2% cash back on purchases for the first year from account opening, 1.5% cash back on purchases thereafter
  • Earn unlimited 1.5% cash back on all purchases
  • Cash rewards don’t expire
  • Establish, strengthen or rebuild your credit
  • No 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 Secured Card for Choosing Your Bonus Category

U.S. Bank Cash+® Secured Visa® Card *

U.S. Bank Cash+® Secured Visa® 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.

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

29.24% variable

Credit Score

Good (670 - 739)

Our Expert Take

Why We Like It

The U.S. Bank Cash+® Secured Visa® Card* allows you to select two categories from a list of 12 to earn up to 5% back. This is valuable if your spending fluctuates and you can remember to change categories each quarter as needed.

What We Don’t Like

The U.S. Bank Cash+® Secured Visa® Card* has a minimum deposit requirement of $300, which is higher than some other secured cards, but it allows a maximum deposit of $5,000. If you don’t choose two categories for 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 (*excludes discount stores/supercenters and wholesale clubs)
  • 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
  • No 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 Secured Card for Earning Points

U.S. Bank Altitude® Go Secured Visa® Card *

U.S. Bank Altitude® Go Secured Visa® 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.

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

29.24% variable

Credit Score

Fair/Good (580 - 669)

Our Expert Take

Why We Like It

If dining and takeout are the biggest expenses you put on a credit card, the U.S. Bank Altitude® Go Secured Visa® Card* will fit your spending patterns like a glove. You’ll also get a $15 annual streaming credit for eligible services including Netflix and Spotify. Security deposits start at $300, up to a maximum of $5,000.

What We Don’t Like

Other cards indicate they’ll consider you for a higher credit limit or even convert your account to an unsecured version after a specific number of months, but this card keeps that possibility vague.

Who It’s Best For

The U.S. Bank Altitude® Go Secured Visa® Card* is best for those seeking to shore up their credit and whose biggest spending categories on a card include dining, takeout and delivery.

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 on your first $2,000 quarterly
  • Earn 2 points at grocery stores, gas/EV Charging 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
  • No 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 Secured Card Welcome Bonus

Discover it® Secured Credit Card

Apply Now Apply Now
On Discover's Website
Discover it® Secured Credit Card
Click Here To Apply Now
Rates & Fees 
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.
Apply Now Apply Now
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

27.24% Variable APR

Credit Score

New, Rebuilding

Our Expert Take

Why We Like It

The Discover it® Secured Credit Card is an excellent secured card for its generous welcome bonus potential in addition to earning rewards. Discover offers a unique Unlimited Cashback Match™ – Discover will automatically match all the cash back earned at the end of the first year.

You can use the preapproval tool to check your chances of being approved without any damage to your credit score. After seven months with the card, Discover will review your credit profile to see if you qualify for your security deposit returned and to upgrade to an unsecured card.

What We Don’t Like

Discover isn’t as widely accepted as Visa or Mastercard, especially outside of the U.S.

Who It’s Best For

Thanks to its welcome bonus potential, the Discover it® Secured Credit Card is great for new cardholders looking to earn above-average rewards in their first year with the card.

Expert Commentary
Albert Hsieh
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.
Albert Hsieh
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™ means cash back rewards earned are matched 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.
  • 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.
  • 30 points or more—that’s how much you could increase your FICO® Credit Score on average after just six months of responsible use.
  • 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.
  • INTRO OFFER: Unlimited Cashback Match for all new cardmembers—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.
  • 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 for all new cardmembers—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.
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 Access to Deposit

Secured Chime Credit Builder Visa® Credit Card

Apply Now Apply Now
On Chime's Website
Secured Chime Credit Builder Visa® Credit Card
Click Here To Apply Now
4.5
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 Apply Now
On Chime's Website

Welcome Bonus

N/A

Annual Fee

$0

Regular APR

N/A

Credit Score

Poor, Average (579 and below)

Our Expert Take

Why We Like It

The Secured Chime Credit Builder Visa® Credit Card is one of the only cards we know of that allows you to use your security deposit to pay your balance. With this card you can use your deposit to pay off your balance each month and then top up again. You also won’t be charged interest*.

What We Don’t Like

The Secured Chime Credit Builder Visa® Credit Card doesn’t require a credit check, but you will need to have a Chime® Checking Account to apply†.

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
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.
Albert Hsieh
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 interest*
  • No minimum security deposit requirement**
  • You can use your deposit to pay for your monthly balance (though you must replenish it afterward)
  • Reports to all three credit bureaus
  • Can’t get a credit limit greater than your deposit
  • No option to graduate to an unsecured card
Card Details

• No interest*
• No annual fee
• No foreign transaction fee
• No minimum security deposit required**
• No credit check to apply†
• Turn on Safer Credit Building*** and your balance will be automatically paid from your deposit 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 history
• We’re here to help you break free from these fees: annual, interest*, and large security deposits

The Secured Chime Credit Builder Visa® Credit Card is issued by The Bancorp Bank, N.A. or Stride Bank, N.A., pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your card for its issuing bank.
*Out-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.
**Money added to Credit Builder will be held in a secured deposit account as collateral for your Credit Builder Visa card, and you can spend up to this amount. You can use money deposited in your Secured Deposit Account to pay off your charges at the end of every month.
***On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.
†To apply for Credit Builder, you must have an active Chime® Checking Account.
‡Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

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 Rebuilding Bad or Damaged Credit

First Progress Platinum Select Mastercard® Secured Credit Card

Apply Now Apply Now
On First Progress's Website
First Progress Platinum Select Mastercard® Secured Credit Card
Click Here To Apply Now
4.5
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 Apply Now
On First Progress's Website

1% Cash Back

Get a First Progress Select Card and Earn 1% Cash Back Rewards

Welcome Bonus

N/A

Annual Fee

$39

Regular APR

18.24% (V)

Credit Score

Poor/Limited/No Credit (579 and below)

Our Expert Take

Why We Like It

The First Progress Platinum Select Mastercard® Secured Credit Card welcomes applications from all credit types making it a potential option for customers looking to rebuild their credit, perhaps even after bankruptcy. It’s one of just a few secured credit cards for bad credit available.

You can open an account with as little as $200, up to a maximum of $2,000, although you may eventually be able to increase your refundable security deposit to $5,000.

What We Don’t Like

Unfortunately, the card charges an annual fee. Since many secured cards don’t charge annual fees, the First Progress Platinum Select Mastercard® Secured Credit Card may make sense for those who are unable to receive approval for any other credit card.

Who It’s Best For

The First Progress Platinum Select Mastercard® Secured Credit Card can help anyone whose credit history makes it difficult to get approved for other secured cards.

Pros & Cons
  • Provides a way for those with low credit scores to rebuild
  • Low variable APR for a secured card
  • Reports to all three major credit bureaus
  • Can apply even with a discharged bankruptcy in your file
  • $39 annual fee
  • Lower-than-average credit line maximum
Card Details
  • Get a First Progress Select Card and Earn 1% Cash Back
    Rewards!
  • Secure your credit line with your refundable security deposit – choose from $200- $2,000 – with the ability to increase up to $5,000 over time!
  • Choose the First Progress Select Card for a lower annual fee!
  • All credit types welcome to apply!
  • Build your credit history across 3 major credit reporting agencies: Equifax, Experian and TransUnion.¹
  • ¹Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
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.

Methodology

To generate our list of the best secured credits, Forbes Advisor regularly reviews the secured credit cards in our database and compares them on a variety of factors, including:

Forbes Advisor rates cards both as stand-alone products (the card rating on the review) and compared to others in a specific use case (the card rating you see on a specific “Best” list). The rating for each card changes on different “Best” lists according to how a person looking for a card in that category may value certain card features.

For instance, a card that might be considered mediocre on a list of rewards cards could be the top card on a list of rewards cards with no annual fee. That’s because the card might offer limited features compared to other rewards cards, but after we remove cards that charge an annual fee, it’s the best card that remains.

To learn more about our rating and review methodology and editorial process, check out our guide on how Forbes Advisor rates credit cards.

Who Can Get Approved for a Secured Card?

Secured credit cards can be some of the easiest types of credit to get approved for since the credit line is backed by your collateral deposit. If you have poor or limited credit history, you’ll likely find that a secured card is a great best place to start building a stronger profile.

How To Choose a Secured Credit Card

The right secured card for you will be different from the right card for someone else. Consider the following when deciding which one best fits your needs.

  • Know your credit score. Don’t assume a secured credit card is the only way to go. There are good unsecured options for fair credit you could potentially qualify for. You can check your credit score for free either via your bank’s app or with an online credit core monitoring service.
  • Understand the opening deposit requirements. Secured cards require a cash deposit as collateral, typically equal to your credit limit. Credit cards with low security deposits may be more appealing but you’ll also bump against the limit fairly quickly. Choose an opening deposit amount that matches your budget.
  • Consider the rates and fees. Look for cards with low or no annual fees to minimize costs. Secured credit cards with no credit check often charge a series of fees that can be expensive and eat away at your available credit.
  • Consider additional features and the fine print. Many of the best secured cards to build credit earn rewards or come with other perks, including a path to eventually convert your account to an unsecured card.

If your goal is to build a stronger credit profile, make sure the secured card you choose reports to the three major credit bureaus. That way your responsible use of the card is tracked and you have a better chance at an improved credit score and more opportunities for new unsecured cards.

– Jerod Morales, Credit Cards Editor

How To Get a Secured Credit Card

Applying for a secured credit card is nearly the same process as applying for any other credit card. Typically, you’ll be asked to provide the following information on your application:

  • First and last name
  • Email address
  • Phone number
  • Birth date
  • Home address
  • Social Security number or individual taxpayer identification number (ITIN)
  • Citizenship status
  • Employment details
  • Housing costs
  • Income and employment information

Unlike the application for an unsecured card, you’ll also need to link your bank account to provide the security deposit for the card.

Pro Tip
If you deposit only a small amount, your credit utilization will likely be high or less desirable. Spending $100 on a card with a $200 limit results in a credit utilization rate of 50%, which will negatively impact your credit score.

How To Use a Secured Credit Card

Building credit with a secured card means using it responsibly.  Payment history is the most important factor that goes into determining your FICO Score, accounting for 35% of your overall score, so making every payment on time with your secured card is key.

Credit utilization is the next largest component of your FICO Score, accounting for 30% of the calculation. This is a measure of how much of your available credit you’re using. Someone who is always at the max of their card’s limit is riskier to lenders than someone who keeps their balances low.

Be patient as building good credit takes time. A new secured credit card could take up to two months to appear on your credit report.

Secured Credit Cards Alternatives

A secured card may not be the best fit for everyone. Here are some other options to consider.

Unsecured Cards for Bad Credit

Credit-Builder Loans

Prepaid Debit Cards

Personal Loans

Evaluate Credit Cards Side By Side

Compare

Ask An Expert

Are Secured Credit Cards Worth It?

Laura Adams

Laura Adams

Credit Cards Expert

Becky Pokora

Becky Pokora

Credit Cards Writer

Harlan Vaughn

Harlan Vaughn

Credit Card Expert

 

A secured credit card is an excellent tool for building or improving your credit history when the issuer reports payment history to the nationwide credit bureaus. You might want to apply for one if you’re building credit from scratch or you’re rebuilding your credit after financial hardship. In some cases, the issuer may convert your account to an unsecured credit card after a period of timely payments.

Laura Adams

Laura Adams

Credit Cards Expert

 

Secured credit cards may have more lenient approval standards, making them a good choice for someone without a credit history or with poor credit. They generally also report to all three credit bureaus, so responsible usage can help build your credit score.

Becky Pokora

Becky Pokora

Credit Cards Writer

 

Credit cards, when used responsibly, can improve your credit profile. If you want to build your credit but don’t want the option to potentially overspend, a secured credit card could be an important stepping stone.

Harlan Vaughn

Harlan Vaughn

Credit Card Expert

Frequently Asked Questions (FAQs)

How do secured credit cards work?

A secured card works like any other credit card, with one notable difference—your credit limit is based on the amount of your security deposit. These deposits typically range from $200 up to $5,000 and act as collateral for the issuer. If you skip making your card payments or default altogether, the card issuer will keep your deposit to cover what you owe.

Does a secured credit card have an annual fee?

Some secured credit cards charge annual fees, although most of the best ones do not. Before applying, check a secured credit card’s terms and conditions to see if the card you’re considering has an annual fee.

Can I get my deposit back on a secured credit card?

You can get your deposit back on a secured credit card in two scenarios: You’ve demonstrated good payment behavior and the issuer has decided to convert your account to an unsecured card, or you close your secured account and don’t owe any money to the issuer.

How much will a secured credit card raise my score?

Credit scores are based on a combination of financial factors, and there’s no secured card that can guarantee a certain score improvement. The amount your score will improve after a consistent pattern of good payment behavior will depend on your financial situation and other factors affecting your score.

Some cards will offer free monthly FICO Score tracking so you can monitor your progress.

Am I guaranteed approval for a secured credit card?

There is no guaranteed approval for any secured credit card, but you will have a better chance of receiving approval for a secured card than an unsecured credit card since you are securing the line of credit with a security deposit.

Other Credit Cards To Consider

*The information for the following card(s) has been collected independently by Forbes Advisor: Bank of America® Customized Cash Rewards Secured Credit Card, Bank of America® Travel Rewards Secured Credit Card, Bank of America® Unlimited Cash Rewards Secured Credit Card, U.S. Bank Cash+® Secured Visa® Card, U.S. Bank Altitude® Go Secured Visa® Card. The card details on this page have not been reviewed or provided by the card issuer.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
Robin Saks Frankel
Robin Saks Frankel
Staff Writer

Robin has worked as a credit cards, editor and spokesperson for over a decade. Prior to Forbes Advisor, she also covered credit cards and related content for other national web publications including USA TODAY, NerdWallet, Bankrate and HerMoney. She holds an M.S. in Business and Economics Journalism from Boston University, a Poynter ACES Certificate in Editing and is a Certified Educator in Personal Finance (CEPF®).

Clint Proctor
Clint Proctor
Staff Editor

Clint Proctor is a lead editor with the credit cards and travel rewards team at Forbes Advisor. He has five years of experience in personal finance journalism and has contributed to a variety of leading national publishers including Business Insider and MyFICO. Clint has redeemed millions of credit card points and miles to book budget-friendly travel and is passionate about helping others do the same.

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. This compensation comes from two main sources. First, we provide paid placements to advertisers to present their offers. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market. Second, we also include links to advertisers’ offers in some of our articles; these “affiliate links” may generate income for our site when you click on them. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Here is a list of our partners who offer products that we have affiliate links for.
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