Secured credit cards are a good option for people with bad or limited credit history. To open a secured credit card, you must make a security deposit, which serves as your credit limit. As you use the card and make on-time payments, your credit score will start to improve. After a period of responsible use, you may be eligible to upgrade to an unsecured credit card with a higher credit limit and no security deposit.<\/p>\n\n\n\n
The Discover it\u00ae Secured Credit Card is a good all-around secured credit card with no annual fee and cash back rewards. Cardholders earn 2% cash back at gas stations and restaurants up to $1,000 each quarter, then 1% on all other purchases. Discover also offers a variety of credit score tools and resources to help cardholders improve their credit.<\/p>\n\n\n\n
The Capital One Platinum Secured Credit Card is another good option for people with bad credit. It has no annual fee and offers the potential to upgrade to an unsecured Capital One credit card after six months of responsible use. Capital One also offers a variety of credit monitoring and alerts tools to help cardholders stay on top of their credit.<\/p>\n\n\n\n
The Chime Credit Builder Visa\u00ae Credit Card is a good option for people with bad or limited credit history who want to build credit without a credit check. Cardholders make a security deposit of $100 to $200, and their credit limit is set to their security deposit amount. As cardholders make on-time payments, their credit limit may increase. Chime also offers free monthly credit score reports and automatic credit limit increases.<\/p>\n\n\n\n
The Navy FCU nRewards\u00ae Secured Credit Card is a good option for people with bad credit who want to earn cash back rewards. Cardholders earn 1% cash back on all purchases. Navy Federal Credit Union also offers a variety of other benefits, such as no foreign transaction fees and free annual credit score reports.<\/p>\n\n\n\n
The Self Visa\u00ae Secured Credit Card is a good option for people with bad or limited credit history who want to build credit without a credit check. Cardholders can start building credit with as little as $1 down. Self also offers early access to paychecks with its Cash Advance feature.<\/p>\n\n\n\n
The Tomo Credit Card is another good option for people with bad or limited credit history who want to build credit without a credit check. Cardholders can start building credit with a security deposit of as little as $200. Tomo also offers a personalized credit score tracker.<\/p>\n\n\n\n
The OpenSky\u00ae Secured Visa\u00ae Credit Card is a good option for people with bad or limited credit history who want to build credit without a credit check. Cardholders can start building credit with a security deposit of as little as $200. OpenSky also offers free monthly credit score reports.<\/p>\n\n\n\n
The Mission Lane Visa\u00ae Credit Card is a good option for people with bad or limited credit history who want to build credit without a credit check. Cardholders can start building credit with a security deposit of as little as $200. Mission Lane also offers free monthly credit score reports and credit monitoring.<\/p>\n\n\n\n
The Credit One Bank\u00ae Platinum Visa\u00ae for Rebuilding Credit is a good option for people with bad credit who want to rebuild their credit. Cardholders can start building credit with a security deposit of as little as $200. Credit One Bank also offers a variety of other benefits, such as free monthly credit score reports and credit monitoring.<\/p>\n\n\n\n
The Bank of America\u00ae Customized Cash Rewards Secured Credit Card is a good option for people with bad credit who want to earn cash back rewards. Cardholders can choose to earn 3% cash back on a category of their choice, such as gas, groceries, or travel, plus 1% cash back on all other purchases. Bank of America also offers a variety of other benefits, such as free monthly credit score reports and credit monitoring.<\/p>\n\n\n\n
To apply for a secured credit card, you will typically need to provide the following information:<\/p>\n\n\n\n
You can apply for a secured credit card online, by phone, or in person at a bank or credit union. Once you have submitted your application, the lender will review it and decide whether or not to approve you for the card.<\/p>\n\n\n\n
If you are approved for a secured credit card, you will need to make a security deposit. The amount of the security deposit will be equal to your credit limit. Once you have made the security deposit, you will receive your credit card in the mail.<\/p>\n\n\n\n
Secured credit cards can be a great way to build or rebuild your credit history. By using a secured credit card responsibly and making on-time payments each month, you can show lenders that you are a creditworthy borrower. This can make it easier to qualify for an unsecured credit card in the future.<\/p>\n\n\n\n
Yes, you can get a secured credit card with bad credit. In fact, secured credit cards are designed for people with bad or limited credit history. To open a secured credit card, you must make a security deposit, which serves as your credit limit. As you use the card and make on-time payments, your credit score will start to improve. After a period of responsible use, you may be eligible to upgrade to an unsecured credit card with a higher credit limit and no security deposit.<\/p>\n\n\n\n
Some of the secured credit cards that are easiest to get include:nDiscover it\u00ae Secured Credit Card, Capital One Platinum Secured Credit Card, Chime Credit Builder Visa\u00ae Credit Card, Navy FCU nRewards\u00ae Secured Credit Card and Self Visa\u00ae Secured Credit Card.<\/p>\n\n\n\n
Capital One Journey Student Credit Card, Capital One Platinum Credit Card, Petal\u00ae 2 Visa Credit Card, Credit One Bank\u00ae Cash Rewards Credit Card and Merrick Bank Double Up Cash Back Rewards Visa<\/p>\n\n\n\n
Unfortunately, there are no secured credit cards that you can use instantly. All secured credit cards require you to make a security deposit and have your application approved before you can start using the card.<\/p>\n\n\n\n
Yes, you may be able to get a credit card with a 500 credit score. <\/p>\n\n\n\n
Secured credit cards are designed for people with bad or limited credit history, so it is very rare to be denied a secured credit card. However, it is still possible to be denied a secured credit card, especially if you have a history of bankruptcy or foreclosure.<\/p>\n\n\n\n
The two main downsides of getting a secured credit card are: Security deposit and Annual fee.<\/p>\n\n\n\n
Yes, secured cards are generally easy to get. You can apply for a secured credit card online, by phone, or in person at a bank or credit union.<\/p>\n\n\n\n
Secured credit cards are a good option for people with bad or limited credit history. To open a secured credit card, you must make a […]<\/p>\n","protected":false},"author":1,"featured_media":2939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\n