A secured credit card is a financial product designed for a consumer with bad credit or a limited credit history. It requires a refundable deposit in exchange for a credit limit. Most credit cards are unsecured credit cards, which means a security deposit isn’t required, but those aren’t always an option for everyone.

NerdWallet's Best Secured Credit Cards of March 2023 Chime Credit Builder Visa® Credit Card: Best for Easy account management Discover it® Secured Credit Card: Best for Rewards and...

Best Secured Credit Cards Best Overall Discover it® Secured Credit Card Apply Now On Discover's Website Rates & Fees 5.0 Up to 2% Reward Rate Earn 2% cash back at Gas Stations and...

The best secured credit cards Winner: Discover it® Secured Credit Card Best for low deposit: Capital One Platinum Secured Credit Card Best for high credit limit: Platinum Secured...

A secured credit card is the best type of card for people with bad credit. Secured cards are easier to get approved for than unsecured credit cards for poor credit, and they also have much lower fees. Secured credit cards have no minimum credit score needed for approval.

Best overall secured credit card Details Rewards Earn 5% cash back on your first $2,000 in combined eligible purchases each quarter in two categories you choose. Earn 5% cash back on prepaid...

Secured credit cards are an accessible way to build or repair your credit, and some even provide solid rewards without an annual fee. However, you’ll need to offer up a refundable security...

Secured credit cards are a great way for those with a limited or bad credit history to improve their credit through responsible use. Finding the right secured card, however, can be tricky. Below is a summary table that makes it much easier. Compare features of the top secured cards, then simply click on your card of choice to visit ...

Here are some of the best available options. SUMMARY. Capital One Platinum Secured Credit Card - Best for credit card perks. Capital One Quicksilver Secured Cash Rewards Credit Card - Best for flat-rate earning. OpenSky® Secured Visa® Credit Card - Best for poor credit history. Apply now at Capital One's secure site.

A secured credit card is a credit card under which the customer keeps the deposit as collateral with the card issuer in case they default to make the payments. Depending on future payments, these cards are allotted to people with poor or no credit histories and can be converted to non-secured credit cards.