\n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Upgrade Card<\/td> | $0<\/td> | 14.99%<\/td> | $25,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Upgrade Cash Rewards Visa\u00ae<\/td> | $0<\/td> | 14.99%<\/td> | $25,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Upgrade Triple Cash Rewards Visa<\/td> | $0<\/td> | 14.99%<\/td> | $25,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr> <\/tbody>\n <\/table>\n <\/div>\n \n \n \n \n \n Company <\/span>\n <\/th>\n <\/tr>\n <\/thead>\n \n \n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr>\n \n \n \n <\/a><\/td><\/tr> <\/tbody>\n <\/table>\n \n \n \n Get Started<\/th>\n <\/tr>\n <\/thead>\n | \n \n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr>\n Explore more<\/a><\/td><\/tr> <\/tbody>\n <\/table>\n \n \n \n \n \n Company <\/span>\n <\/th>\n | \n \n Overall Rating <\/span>\n <\/th>\n | Card name<\/span><\/th> | Annual Fee<\/span><\/th> | APR:<\/span><\/th> | Max. Credit<\/span><\/th> | Card System<\/span><\/th> | Travel Insurance<\/span><\/th> | Get Started <\/th>\n <\/tr>\n <\/thead>\n | \n \n \n \n \n <\/a><\/td> | Destiny\u00ae Mastercard\u00ae<\/td> | $75<\/td> | 24.90%<\/td> | $300<\/td> | Master Card<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Indigo\u00ae Platinum Mastercard\u00ae<\/td> | $75<\/td> | 24.90%<\/td> | $300<\/td> | Master Card<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | First Latitude Platinum Mastercard\u00ae Secured Credit Card<\/td> | $25<\/td> | 23.74%<\/td> | $2,000<\/td> | Master Card<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | OpenSky\u00ae Plus Secured Visa\u00ae Credit Card<\/td> | $0<\/td> | 29.99%<\/td> | $3,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | First Progress Platinum Elite Mastercard\u00ae Secured Credit Card<\/td> | $29<\/td> | 24.49%<\/td> | – <\/td> | Master Card<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | PenFed Pathfinder\u00ae Rewards Visa Signature\u00ae Card<\/td> | $95<\/td> | 17.99%<\/td> | – <\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | PenFed Platinum Rewards Visa Signature\u00ae Card<\/td> | $0<\/td> | 17.99%<\/td> | – <\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | PenFed Power Cash Rewards Visa Signature\u00ae Card<\/td> | $0<\/td> | 17.99%<\/td> | – <\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Milestone\u00ae Gold Mastercard\u00ae<\/td> | $75<\/td> | 24.90%<\/td> | $300<\/td> | Master Card<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | OpenSky\u00ae Secured Visa\u00ae Credit Card<\/td> | $35<\/td> | 25.64%<\/td> | $3,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Surge\u00ae Platinum Mastercard\u00ae<\/td> | $75<\/td> | 29.99%<\/td> | $2,000<\/td> | Master Card<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Total Visa\u00ae Unsecured Credit Card<\/td> | $75<\/td> | 35.99%<\/td> | $300<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Upgrade Card<\/td> | $0<\/td> | 14.99%<\/td> | $25,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Upgrade Cash Rewards Visa\u00ae<\/td> | $0<\/td> | 14.99%<\/td> | $25,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr>\n \n \n \n <\/a><\/td> | Upgrade Triple Cash Rewards Visa<\/td> | $0<\/td> | 14.99%<\/td> | $25,000<\/td> | Visa<\/td> | No<\/td> | \n Explore more<\/a><\/td><\/tr> <\/tbody>\n <\/table>\n <\/div>\n <\/div>\n\n <\/div>\n\n\nWhat Is a Secured Credit Card?<\/h2>\n\n\n\nA secured credit card is a type of credit card that requires a cash deposit as collateral. This deposit typically determines your credit limit<\/a> and provides security for the issuer if you can’t make payments.<\/p>\n\n\n\nThis is how secured credit cards work:<\/p>\n\n\n\n \n- You provide <\/strong>a security deposit (usually $200-$2,500)<\/li>\n\n\n\n
- The deposit<\/strong> often equals your credit limit<\/li>\n\n\n\n
- You use <\/strong>the card like a regular credit card<\/li>\n\n\n\n
- Your activity<\/strong> is reported<\/a> to credit bureaus<\/li>\n\n\n\n
- Responsible use<\/strong> can help build or improve your credit score<\/li>\n<\/ul>\n\n\n
Questions About Secured Credit Cards<\/h3>Do secured credit cards really help build credit?<\/h4>Yes, secured credit cards can be highly effective for building credit when used responsibly. They report to the major credit bureaus, allowing you to establish a positive payment history.<\/p><\/div> How long does it take to build credit with a secured card?<\/h4>With consistent, responsible use, you may see improvements in your credit score in as little as 6 months. However, substantial improvements typically take 12-18 months.<\/p><\/div> Can I get my security deposit back?<\/h4>Yes, you can typically get your security deposit back when you close the account in good standing or upgrade to an unsecured card, provided there’s no outstanding balance.<\/p><\/div> What credit score do I need for a secured credit card?<\/h4>Many secured credit cards are available to people with poor or no credit. Some cards, like the Chime Credit Builder, don’t even require a credit check.<\/p><\/div><\/div>\n\n\n Top Secured Credit Cards of 2024<\/h2>\n\n\n\nWe’ve analyzed the latest offerings to bring you the best secured credit cards available this year: <\/p>\n\n\n\n 1. Discover it\u00ae Secured Credit Card<\/h3>\n\n\n\t \n\t\t \n\t\t\t \n\t\t\t\t \n\t\t\t\t \n\t\t\t\t\t | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |