7 Best Credit Cards for Bad Credit: Comparison and Review
- Written by:
- Arin Baghermian
Join us as we delve into the world of secured credit cards, uncovering their advantages and guiding you in selecting the perfect card for your financial journey. Our comparison aims to simplify your decision-making, ensuring you make the most of the features tailored to your circumstances. Let’s discover how secured credit cards can pave the way for improved financial stability.
BENEFITS OF SECURED CREDIT CARDS
Secured credit cards offer a range of benefits that can aid in establishing or rebuilding credit and promoting financial responsibility. Some of these benefits include:
- Build or rebuild credit: Secured credit cards provide an opportunity to establish or repair your credit history by reporting your payment activity to credit bureaus.
- Accessible to those with poor or no credit: Since they require a security deposit, secured credit cards are often easier to obtain for those with poor or no credit history.
- Learn financial discipline: With a credit limit typically equal to the security deposit, secured credit cards can help develop responsible spending habits.
- Graduation to an unsecured card: Demonstrating responsible use of a secured credit card may lead to an offer for an unsecured card with better terms and benefits.
HOW TO CHOOSE THE RIGHT SECURED CREDIT CARD
With numerous secured credit cards available, finding the right one can be a challenge. Here are some factors to consider when selecting a secured credit card:
- Security deposit and credit limit: Consider the required security deposit and resulting credit limit to ensure it aligns with your financial goals.
- Fees: Evaluate any annual fees or other charges associated with the card and weigh them against the potential benefits.
- Reporting to credit bureaus: Choose a secured credit card that reports your payment activity to the major credit bureaus to help build or improve your credit score.
- Upgrade opportunities: Look for a card that offers the potential to graduate to an unsecured card after demonstrating responsible use.
Transitioning to an Unsecured Credit Card
After several months of responsible secured credit card use, you may be eligible to transition to an unsecured credit card. Here’s how to make the switch:
- Review your credit progress: Ensure that your credit score has improved and your credit report reflects positive payment history.
- Contact your issuer: Reach out to your secured card issuer to inquire about the possibility of upgrading to an unsecured credit card. Some issuers may automatically review your account for an upgrade after a certain period.
- Apply for a new card: If your issuer doesn’t offer an upgrade option, consider applying for a new unsecured credit card with favorable terms.
- Close your secured credit card: Once you’ve secured a new unsecured credit card, pay off any remaining balance on your secured card and close the account to retrieve your security deposit.
Editor's Note:
The financial institution, credit card provider, or other promotional partner did not supply or sponsor this material. The views shared in this article are exclusively those of the author and have not undergone review, approval, or endorsement by the advertising party. This website may receive financial compensation from the bank, credit card issuer, or another advertiser.
What's New
Join us as we delve into the world of secured credit cards, uncovering their advantages and guiding you in selecting the perfect card for your financial journey. Our comparison aims to simplify your decision-making, ensuring you make the most of the features tailored to your circumstances. Let’s discover how secured credit cards can pave the way for improved financial stability.
BENEFITS OF SECURED CREDIT CARDS
Secured credit cards offer a range of benefits that can aid in establishing or rebuilding credit and promoting financial responsibility. Some of these benefits include:
Build or rebuild credit
Secured credit cards provide an opportunity to establish or repair your credit history by reporting your payment activity to credit bureaus.
Accessible to those with poor or no credit
Since they require a security deposit, secured credit cards are often easier to obtain for those with poor or no credit history.
Learn financial discipline
With a credit limit typically equal to the security deposit, secured credit cards can help develop responsible spending habits.
Graduation to an unsecured card
Demonstrating responsible use of a secured credit card may lead to an offer for an unsecured card with better terms and benefits.
HOW TO CHOOSE THE RIGHT SECURED CREDIT CARD
With numerous secured credit cards available, finding the right one can be a challenge. Here are some factors to consider when selecting a secured credit card:
Security deposit and credit limit
Consider the required security deposit and resulting credit limit to ensure it aligns with your financial goals.
Fees
Evaluate any annual fees or other charges associated with the card and weigh them against the potential benefits.
Reporting to credit bureaus
Choose a secured credit card that reports your payment activity to the major credit bureaus to help build or improve your credit score.
Upgrade opportunities
Look for a card that offers the potential to graduate to an unsecured card after demonstrating responsible use.
Transitioning to an Unsecured Credit Card
After several months of responsible secured credit card use, you may be eligible to transition to an unsecured credit card. Here’s how to make the switch:
Review your credit progress
Ensure that your credit score has improved and your credit report reflects positive payment history.
Contact your issuer
Reach out to your secured card issuer to inquire about the possibility of upgrading to an unsecured credit card. Some issuers may automatically review your account for an upgrade after a certain period.
Apply for a new card
If your issuer doesn’t offer an upgrade option, consider applying for a new unsecured credit card with favorable terms.
Close your secured credit card
Once you’ve secured a new unsecured credit card, pay off any remaining balance on your secured card and close the account to retrieve your security deposit.
Editor's Note:
The financial institution, credit card provider, or other promotional partner did not supply or sponsor this material. The views shared in this article are exclusively those of the author and have not undergone review, approval, or endorsement by the advertising party. This website may receive financial compensation from the bank, credit card issuer, or another advertiser.
Discover It Secured Credit Card
Key Features
Rewards Program Cashback Match No annual fee
We chose the Discover it Secured credit card as a top pick for its cashback rewards program. The card also offers a unique feature of matching all the cashback earned in the first year, making it a potentially lucrative option for those who use it frequently.
Intro Offer
Annual Fee
Regular APR
Credit Requirement
10.99 intro APR
$0
27.49% variable APR
No credit history
Features
The Discover It Secured Credit Card is a fantastic choice for those looking to build or rebuild their credit while enjoying a range of valuable features. The card offers cashback rewards, no annual fee, and a user-friendly mobile app that simplifies managing finances on-the-go.
Sign Up Bonus
Currently, the Discover It Secured Credit Card does not offer a sign-up bonus. However, its cashback rewards and other features make it an appealing option for individuals looking to establish or repair their credit.
Minimum Deposit
To open a Discover It Secured Credit Card account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use.
Additional Features
The Discover It Secured Credit Card comes with several additional features that add value for cardholders, including:
- Cashback rewards: Cardholders earn 2% cashback at gas stations and restaurants (up to $1,000 in combined purchases each quarter) and 1% cashback on all other purchases.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to build their credit.
- Free FICO credit score access: Discover provides free access to your FICO credit score, helping you track your progress as you work to improve your credit.
- Automatic credit limit increase: After eight months of responsible credit use, Discover may review your account for a credit limit increase, allowing you to access more credit without an additional deposit.
- U.S.-based customer support: Discover offers U.S.-based customer support, ensuring cardholders can easily reach out for assistance when needed.
Drawbacks
While the Discover It Secured Credit Card has many benefits, there are a few drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Minimum deposit requirement: A minimum deposit of $200 is required to open an account, which may be a barrier for some potential cardholders.
- Security deposit: As a secured card, a security deposit is required, and this deposit will be held as collateral for the duration of the account.
Discover It Secured Credit Card
We chose the Discover it Secured credit card as a top pick for its cashback rewards program. The card also offers a unique feature of matching all the cashback earned in the first year, making it a potentially lucrative option for those who use it frequently.
Key Features
No annual fee Cashback Match Rewards Program
| Intro Offer | 10.99% intro APR |
| Variable APR | 27.49% |
| Annual Fee | $0 |
| Credit Requirement | No Credit History |
Features
The Discover It Secured Credit Card is a fantastic choice for those looking to build or rebuild their credit while enjoying a range of valuable features. The card offers cashback rewards, no annual fee, and a user-friendly mobile app that simplifies managing finances on-the-go.
Sign Up Bonus
Currently, the Discover It Secured Credit Card does not offer a sign-up bonus. However, its cashback rewards and other features make it an appealing option for individuals looking to establish or repair their credit.
Minimum Deposit
To open a Discover It Secured Credit Card account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use.
Additional Features
The Discover It Secured Credit Card comes with several additional features that add value for cardholders, including:
- Cashback rewards: Cardholders earn 2% cashback at gas stations and restaurants (up to $1,000 in combined purchases each quarter) and 1% cashback on all other purchases.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to build their credit.
- Free FICO credit score access: Discover provides free access to your FICO credit score, helping you track your progress as you work to improve your credit.
- Automatic credit limit increase: After eight months of responsible credit use, Discover may review your account for a credit limit increase, allowing you to access more credit without an additional deposit.
- U.S.-based customer support: Discover offers U.S.-based customer support, ensuring cardholders can easily reach out for assistance when needed.
Drawbacks
While the Discover It Secured Credit Card has many benefits, there are a few drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Minimum deposit requirement: A minimum deposit of $200 is required to open an account, which may be a barrier for some potential cardholders.
- Security deposit: As a secured card, a security deposit is required, and this deposit will be held as collateral for the duration of the account.
Overall, the Discover It Secured Credit Card is an excellent option for those seeking to build or rebuild their credit with a no-annual-fee card that offers cashback rewards and additional features. Potential cardholders should be aware of the required minimum deposit and the lack of a sign-up bonus.
Capital One Quicksilver Secured Credit Card
Key Features
Rewards program No annual fees No credit score requirement Limited credit history required
The Capital One Quicksilver Secured Cash Rewards Credit Card is a good option for building credit while earning unlimited 1.5% cash back on all purchases with a low minimum security deposit.
Intro Offer
Annual Fee
Regular APR
Credit Requirement
N/A
$0
29.99% variable APR
No credit history
Features
The Capital One Quicksilver Secured Credit Card is a great choice for individuals who want to improve their credit score while enjoying cashback rewards and other features. This card offers 1.5% cashback on all purchases, no annual fee, and a user-friendly mobile app that makes it easy to manage your finances on-the-go.
Sign-Up Bonus
The Capital One Quicksilver Secured Credit Card currently does not offer a sign-up bonus. However, the cashback rewards and other features make it an appealing option for those looking to establish or repair their credit.
Minimum Deposit
To open a Capital One Quicksilver Secured Credit Card account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use.
Additional Features
The Capital One Quicksilver Secured Credit Card comes with several additional features that add value for cardholders, including:
- Cashback rewards: Cardholders earn 1.5% cashback on all purchases, which is a great way to earn rewards while building or rebuilding your credit.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to improve their credit score.
- Automatic credit limit increase: After five months of responsible credit use, Capital One may review your account for a credit limit increase, allowing you to access more credit without an additional deposit.
- Credit tracking tools: Capital One provides free access to your credit score and credit tracking tools, helping you monitor your credit score and track your progress as you work to improve your credit.
- 24/7 customer support: Capital One offers 24/7 customer support, ensuring cardholders can easily reach out for assistance when needed.
Drawbacks
While the Capital One Quicksilver Secured Credit Card has many benefits, there are a few drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Minimum deposit requirement: A minimum deposit of $200 is required to open an account, which may be a barrier for some potential cardholders.
- Security deposit: As a secured card, a security deposit is required, and this deposit will be held as collateral for the duration of the account.
Overall, the Capital One Quicksilver Secured Credit Card is a solid option for individuals seeking to improve their credit score with a no-annual-fee card that offers cashback rewards and additional features. Potential cardholders should be aware of the required minimum deposit and the lack of a sign-up bonus.
Capital One Quicksilver Secured
The Capital One Quicksilver Secured Cash Rewards Credit Card is a good option for building credit while earning unlimited 1.5% cash back on all purchases with a low minimum security deposit.
Key Features
No annual fees Rewards program No credit score requirement Limited credit history required
| Intro Offer | N/A |
| Variable APR | 29.99% |
| Annual Fee | $0 |
| Credit Requirement | No Credit History |
Features
The Capital One Quicksilver Secured Credit Card is a great choice for individuals who want to improve their credit score while enjoying cashback rewards and other features. This card offers 1.5% cashback on all purchases, no annual fee, and a user-friendly mobile app that makes it easy to manage your finances on-the-go.
Sign-Up Bonus
The Capital One Quicksilver Secured Credit Card currently does not offer a sign-up bonus. However, the cashback rewards and other features make it an appealing option for those looking to establish or repair their credit.
Minimum Deposit
To open a Capital One Quicksilver Secured Credit Card account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use.
Additional Features
The Capital One Quicksilver Secured Credit Card comes with several additional features that add value for cardholders, including:
- Cashback rewards: Cardholders earn 1.5% cashback on all purchases, which is a great way to earn rewards while building or rebuilding your credit.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to improve their credit score.
- Automatic credit limit increase: After five months of responsible credit use, Capital One may review your account for a credit limit increase, allowing you to access more credit without an additional deposit.
- Credit tracking tools: Capital One provides free access to your credit score and credit tracking tools, helping you monitor your credit score and track your progress as you work to improve your credit.
- 24/7 customer support: Capital One offers 24/7 customer support, ensuring cardholders can easily reach out for assistance when needed.
Drawbacks
While the Capital One Quicksilver Secured Credit Card has many benefits, there are a few drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Minimum deposit requirement: A minimum deposit of $200 is required to open an account, which may be a barrier for some potential cardholders.
- Security deposit: As a secured card, a security deposit is required, and this deposit will be held as collateral for the duration of the account.
Overall, the Capital One Quicksilver Secured Credit Card is a solid option for individuals seeking to improve their credit score with a no-annual-fee card that offers cashback rewards and additional features. Potential cardholders should be aware of the required minimum deposit and the lack of a sign-up bonus.
Chime Credit Builder Card
Key Features
No credit check Reports to all 3 credit buraues No annual fee
We chose the Chime Credit Builder as a top pick for its unique approach to helping users build credit. This product is designed specifically for those with little to no credit history, as well as those looking to rebuild their credit.
Intro Offer
Annual Fee
Regular APR
Credit Requirement
N/A
$0
N/A
No credit history
Features
The Chime Credit Builder Card is a secured credit card designed to help individuals build or improve their credit score. The card offers a no annual fee, no credit check, and no interest rate. It works by linking to a Chime Spending Account, which acts as collateral for the credit limit.
Sign-Up Bonus
The Chime Credit Builder Card currently does not offer a sign-up bonus. However, the ability to build credit without paying interest or annual fees can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
There is no minimum deposit required to open a Chime Credit Builder Card account. Instead, the card is secured by the funds in your linked Chime Spending Account.
Additional Features
The Chime Credit Builder Card comes with several additional features that add value for cardholders, including:
- No annual fee or interest: The card has no annual fee or interest rate, making it a cost-effective option for those looking to improve their credit score.
- Reports to major credit bureaus: Chime reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Automatic payments: The Chime Credit Builder Card automatically makes payments from your linked Chime Spending Account, ensuring on-time payments to help improve your credit score.
- Real-time transaction alerts: Cardholders receive real-time transaction alerts via the Chime mobile app, which can help monitor for fraudulent activity and budgeting purposes.
Drawbacks
While the Chime Credit Builder Card has some benefits, there are also some drawbacks to consider, including:
- Linked account requirement: The card requires a linked Chime Spending Account, which may be a barrier for some individuals who do not want to use Chime as their primary banking account.
- Low credit limit: The credit limit for the card is typically low, based on the amount in the linked Chime Spending Account. This may not be enough for some individuals.
- No rewards program: The card does not offer any rewards or cashback programs, which may be a downside for some individuals.
Overall, the Chime Credit Builder Card can be a good option for individuals seeking to build or rebuild their credit score without paying fees or interest. However, the requirement for a linked Chime Spending Account and the low credit limit may be a downside for some, and potential cardholders should be aware of these factors before applying.
Chime Credit Builder Card
We chose the Chime Credit Builder as a top pick for its unique approach to helping users build credit. This product is designed specifically for those with little to no credit history, as well as those looking to rebuild their credit.
Key Features
Pros & cons
No credit check Reports to all 3 credit buraues No annual fee
Intro Offer
Annual Fee
Regular APR
Credit Requirement
N/A
$0
N/A
No credit history
| Intro Offer | N/A |
| Variable APR | N/A |
| Annual Fee | $0 |
| Credit Requirement | No Credit History |
Features
The Chime Credit Builder Card is a secured credit card designed to help individuals build or improve their credit score. The card offers a no annual fee, no credit check, and no interest rate. It works by linking to a Chime Spending Account, which acts as collateral for the credit limit.
Sign-Up Bonus
The Chime Credit Builder Card currently does not offer a sign-up bonus. However, the ability to build credit without paying interest or annual fees can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
There is no minimum deposit required to open a Chime Credit Builder Card account. Instead, the card is secured by the funds in your linked Chime Spending Account.
Additional Features
The Chime Credit Builder Card comes with several additional features that add value for cardholders, including:
- No annual fee or interest: The card has no annual fee or interest rate, making it a cost-effective option for those looking to improve their credit score.
- Reports to major credit bureaus: Chime reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Automatic payments: The Chime Credit Builder Card automatically makes payments from your linked Chime Spending Account, ensuring on-time payments to help improve your credit score.
- Real-time transaction alerts: Cardholders receive real-time transaction alerts via the Chime mobile app, which can help monitor for fraudulent activity and budgeting purposes.
Drawbacks
While the Chime Credit Builder Card has some benefits, there are also some drawbacks to consider, including:
- Linked account requirement: The card requires a linked Chime Spending Account, which may be a barrier for some individuals who do not want to use Chime as their primary banking account.
- Low credit limit: The credit limit for the card is typically low, based on the amount in the linked Chime Spending Account. This may not be enough for some individuals.
- No rewards program: The card does not offer any rewards or cashback programs, which may be a downside for some individuals.
Overall, the Chime Credit Builder Card can be a good option for individuals seeking to build or rebuild their credit score without paying fees or interest. However, the requirement for a linked Chime Spending Account and the low credit limit may be a downside for some, and potential cardholders should be aware of these factors before applying.
Self Visa Secured Credit Card
Key Features
No credit score requirement Can report both credit and loan payments You build savings and credit at the same time No impact to credit when applying
The Self-Credit Builder Account with Secured Visa Credit Card is a program that aims to assist you in building your credit score. It begins with opening a savings account and eventually transitioning to a secured credit card. By making on-time payments to your Credit Builder Account, you can establish a positive payment history, which can boost your credit score and bring you closer to qualifying for a Self Visa Credit Card.
Intro Offer
Annual Fee
Regular APR
Credit Requirement
N/A
$0-$25
28.24% variable APR
No credit history
Features
The Self Visa Secured Credit Card is designed for individuals who want to build or rebuild their credit score. The card offers a no annual fee, cashback rewards program, and a flexible deposit requirement.
Sign-Up Bonus
The Self Visa Secured Credit Card currently does not offer a sign-up bonus. However, the ability to build credit and earn cashback rewards can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
To open a Self Visa Secured Credit Card account, a minimum deposit of $100 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use. The deposit requirement is flexible, with the option to add to the deposit over time to increase the credit limit.
Additional Features
The Self Visa Secured Credit Card comes with several additional features that add value for cardholders, including:
- Cashback rewards: Cardholders earn 1% cashback on all purchases, which can help offset the cost of using the card and provide a financial incentive for responsible credit use.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to improve their credit score.
- Reports to credit bureaus: Self reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Access to credit education: Self provides resources and tools to help cardholders learn about credit and improve their credit score.
- Automatic credit limit increase: After 12 months of responsible credit use, Self may review your account for a credit limit increase, allowing you to access more credit without an additional deposit.
Drawbacks
While the Self Visa Secured Credit Card has some benefits, there are also some drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Security deposit: As a secured card, a security deposit is required, and this deposit will be held as collateral for the duration of the account.
- Higher interest rate: The card has a higher interest rate compared to some other secured credit cards, which can be a downside for individuals who carry a balance.
Overall, the Self Visa Secured Credit Card can be a good option for individuals seeking to build or rebuild their credit score with a flexible deposit requirement and cashback rewards program. However, the higher interest rate and lack of a sign-up bonus may be a downside for some, and potential cardholders should be aware of these factors before applying.an annual fee, which some competing secured credit cards do not charge.
Self Visa Secured Credit Cards
The Self-Credit Builder Account with Secured Visa Credit Card is a program that aims to assist you in building your credit score. It begins with opening a savings account and eventually transitioning to a secured credit card. By making on-time payments to your Credit Builder Account, you can establish a positive payment history, which can boost your credit score and bring you closer to qualifying for a Self Visa Credit Card.
Key Features
No credit score requirement Can report both credit and loan payments You build savings and credit at the same time No impact to credit when applying
| Intro Offer | N/A |
| Variable APR | 28.24% |
| Annual Fee | $0-$25 |
| Credit Requirement | No Credit History |
Features
The Self Visa Secured Credit Card is designed for individuals who want to build or rebuild their credit score. The card offers a no annual fee, cashback rewards program, and a flexible deposit requirement.
Sign-Up Bonus
The Self Visa Secured Credit Card currently does not offer a sign-up bonus. However, the ability to build credit and earn cashback rewards can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
To open a Self Visa Secured Credit Card account, a minimum deposit of $100 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use. The deposit requirement is flexible, with the option to add to the deposit over time to increase the credit limit.
Additional Features
The Self Visa Secured Credit Card comes with several additional features that add value for cardholders, including:
- Cashback rewards: Cardholders earn 1% cashback on all purchases, which can help offset the cost of using the card and provide a financial incentive for responsible credit use.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to improve their credit score.
- Reports to credit bureaus: Self reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Access to credit education: Self provides resources and tools to help cardholders learn about credit and improve their credit score.
- Automatic credit limit increase: After 12 months of responsible credit use, Self may review your account for a credit limit increase, allowing you to access more credit without an additional deposit.
Drawbacks
While the Self Visa Secured Credit Card has some benefits, there are also some drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Security deposit: As a secured card, a security deposit is required, and this deposit will be held as collateral for the duration of the account.
- Higher interest rate: The card has a higher interest rate compared to some other secured credit cards, which can be a downside for individuals who carry a balance.
Overall, the Self Visa Secured Credit Card can be a good option for individuals seeking to build or rebuild their credit score with a flexible deposit requirement and cashback rewards program. However, the higher interest rate and lack of a sign-up bonus may be a downside for some, and potential cardholders should be aware of these factors before applying.
Mission Lane Visa Credit Card
Key Features
No deposit required No ATM Fees Instant decision No impact to credit when applying
The Mission Lane Credit Card is a no-frills card that offers basic features to its users. It doesn’t have an annual fee, but its APR can be relatively high depending on your creditworthiness.
Intro Offer
Annual Fee
Regular APR
Credit Requirement
N/A
$0-$59
26.99%-29.99% variable APR
300 – 670
Features
The Mission Lane Visa Credit Card is designed for individuals who want to build or rebuild their credit score. The card offers a no annual fee, a rewards program, and tools to help monitor and improve your credit.
Sign-Up Bonus
The Mission Lane Visa Credit Card currently does not offer a sign-up bonus. However, the ability to build credit and earn rewards can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
There is no minimum deposit required to open a Mission Lane Visa Credit Card account. Instead, the card’s credit limit is determined based on your creditworthiness.
Additional Features
The Mission Lane Visa Credit Card comes with several additional features that add value for cardholders, including:
- Rewards program: Cardholders earn 1% cashback on all purchases, which can help offset the cost of using the card and provide a financial incentive for responsible credit use.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to improve their credit score.
- Reports to credit bureaus: Mission Lane reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Credit monitoring tools: The card comes with access to credit monitoring tools to help track your credit score and monitor for changes.
- Flexible payment options: Mission Lane offers multiple payment options, including online, by phone, and by mail, to help make paying your bill more convenient.
Drawbacks
While the Mission Lane Visa Credit Card has some benefits, there are also some drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Higher interest rate: The card has a higher interest rate compared to some other credit cards, which can be a downside for individuals who carry a balance.
- Foreign transaction fees: The card charges foreign transaction fees, which can add up if you frequently travel outside of the United States.
Overall, the Mission Lane Visa Credit Card can be a good option for individuals seeking to build or rebuild their credit score with a rewards program and credit monitoring tools. However, the higher interest rate and foreign transaction fees may be a downside for some, and potential cardholders should be aware of these factors before applying.
Mission Lane Visa Secured Credit Card
The Mission Lane Credit Card is a no-frills card that offers basic features to its users. It doesn’t have an annual fee, but its APR can be relatively high depending on your creditworthiness.
Key Features
No deposit required No ATM Fees Instant decision No impact to credit when applying
| Intro Offer | N/A |
| Variable APR | 26.99%-29.99% |
| Annual Fee | $0-$59 |
| Credit Requirement | 300-670 |
Features
The Mission Lane Visa Credit Card is designed for individuals who want to build or rebuild their credit score. The card offers a no annual fee, a rewards program, and tools to help monitor and improve your credit.
Sign-Up Bonus
The Mission Lane Visa Credit Card currently does not offer a sign-up bonus. However, the ability to build credit and earn rewards can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
There is no minimum deposit required to open a Mission Lane Visa Credit Card account. Instead, the card’s credit limit is determined based on your creditworthiness.
Additional Features
The Mission Lane Visa Credit Card comes with several additional features that add value for cardholders, including:
- Rewards program: Cardholders earn 1% cashback on all purchases, which can help offset the cost of using the card and provide a financial incentive for responsible credit use.
- No annual fee: The card has no annual fee, making it a cost-effective option for those looking to improve their credit score.
- Reports to credit bureaus: Mission Lane reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Credit monitoring tools: The card comes with access to credit monitoring tools to help track your credit score and monitor for changes.
- Flexible payment options: Mission Lane offers multiple payment options, including online, by phone, and by mail, to help make paying your bill more convenient.
Drawbacks
While the Mission Lane Visa Credit Card has some benefits, there are also some drawbacks to consider, including:
- No sign-up bonus: The card does not currently offer a sign-up bonus for new cardholders.
- Higher interest rate: The card has a higher interest rate compared to some other credit cards, which can be a downside for individuals who carry a balance.
- Foreign transaction fees: The card charges foreign transaction fees, which can add up if you frequently travel outside of the United States.
Overall, the Mission Lane Visa Credit Card can be a good option for individuals seeking to build or rebuild their credit score with a rewards program and credit monitoring tools. However, the higher interest rate and foreign transaction fees may be a downside for some, and potential cardholders should be aware of these factors before applying.
Open Sky Secured Visa Credit Card
Key Features
No credit check required Reports to all three major credit bureaus Low annual fee and APR Easy application process
We chose the OpenSky secured credit card for its low annual fee, no credit check requirement, low APR, and credit reporting to all three major credit bureaus. While there are no rewards and a foreign transaction fee, we believe the benefits outweigh the drawbacks for those looking to build or improve their credit history.
Intro Offer
Annual Fee
Regular APR
Credit Requirement
N/A
$0-$25
21.89% variable APR
No credit history
Features
The Open Sky Secured Visa Credit Card is designed for individuals who want to build or rebuild their credit score. The card offers a low annual fee, a flexible deposit requirement, and a simple application process.
Sign-Up Bonus
The Open Sky Secured Visa Credit Card currently does not offer a sign-up bonus. However, the ability to build credit with a low annual fee and flexible deposit requirement can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
To open an Open Sky Secured Visa Credit Card account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use. The deposit requirement is flexible, with the option to add to the deposit over time to increase the credit limit.
Additional Features
The Open Sky Secured Visa Credit Card comes with several additional features that add value for cardholders, including:
- No credit check: The card does not require a credit check, making it a good option for those with limited or poor credit history.
- Reports to credit bureaus: Open Sky reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Simple application process: The application process for the card is straightforward and can be completed online.
- Flexible payment options: Open Sky offers multiple payment options, including online, by phone, and by mail, to help make paying your bill more convenient.
Drawbacks
While the Open Sky Secured Visa Credit Card has some benefits, there are also some drawbacks to consider, including:
- No rewards program: The card does not offer any rewards or cashback programs, which may be a downside for some individuals.
- Higher interest rate: The card has a higher interest rate compared to some other secured credit cards, which can be a downside for individuals who carry a balance.
- Foreign transaction fees: The card charges foreign transaction fees, which can add up if you frequently travel outside of the United States.
Overall, the Open Sky Secured Visa Credit Card can be a good option for individuals seeking to build or rebuild their credit score with a low annual fee and flexible deposit requirement. However, the lack of a rewards program, higher interest rate, and foreign transaction fees may be a downside for some, and potential cardholders should be aware of these factors before applying.
OpenSky Secured Visa Credit CArd
Key Features
No credit check required Reports to all three major credit bureaus Low annual fee and APR Easy application process
| Intro Offer | N/A |
| Variable APR | 21.89% |
| Annual Fee | $0-$25 |
| Credit Requirement | No Credit History |
Features
The Open Sky Secured Visa Credit Card is designed for individuals who want to build or rebuild their credit score. The card offers a low annual fee, a flexible deposit requirement, and a simple application process.
Sign-Up Bonus
The Open Sky Secured Visa Credit Card currently does not offer a sign-up bonus. However, the ability to build credit with a low annual fee and flexible deposit requirement can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
To open an Open Sky Secured Visa Credit Card account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use. The deposit requirement is flexible, with the option to add to the deposit over time to increase the credit limit.
Additional Features
The Open Sky Secured Visa Credit Card comes with several additional features that add value for cardholders, including:
- No credit check: The card does not require a credit check, making it a good option for those with limited or poor credit history.
- Reports to credit bureaus: Open Sky reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- Simple application process: The application process for the card is straightforward and can be completed online.
- Flexible payment options: Open Sky offers multiple payment options, including online, by phone, and by mail, to help make paying your bill more convenient.
Drawbacks
While the Open Sky Secured Visa Credit Card has some benefits, there are also some drawbacks to consider, including:
- No rewards program: The card does not offer any rewards or cashback programs, which may be a downside for some individuals.
- Higher interest rate: The card has a higher interest rate compared to some other secured credit cards, which can be a downside for individuals who carry a balance.
- Foreign transaction fees: The card charges foreign transaction fees, which can add up if you frequently travel outside of the United States.
Overall, the Open Sky Secured Visa Credit Card can be a good option for individuals seeking to build or rebuild their credit score with a low annual fee and flexible deposit requirement. However, the lack of a rewards program, higher interest rate, and foreign transaction fees may be a downside for some, and potential cardholders should be aware of these factors before applying.
Applied Bank Secured Visa Gold Preferred
Key Features
Low regular APR No monthly fees No credit score requirement Reports to all 3 credit buraues
The Applied Bank Secured Visa Gold Preferred Credit Card is a secured credit card that can help you establish or rebuild your credit. It reports to all three major credit bureaus, but has a low credit limit and an annual fee. Consider these factors carefully before applying.
Intro Offer
Annual Fee
Regular APR
Credit Requirement
N/A
$48.00
9.99% variable APR
No credit history
Features
The Applied Bank Secured Visa Gold Preferred is a secured credit card designed to help individuals build or rebuild their credit score. This card offers a fixed interest rate and credit limits up to $5,000, depending on the amount of the security deposit. There is also no balance transfer fee, making it a great option for those who want to transfer high-interest credit card debt.
Sign-Up Bonus
The Applied Bank Secured Visa Gold Preferred currently does not offer a sign-up bonus. However, the ability to build credit and take advantage of a fixed interest rate can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
To open an Applied Bank Secured Visa Gold Preferred account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use.
Additional Features
The Applied Bank Secured Visa Gold Preferred comes with several additional features that add value for cardholders, including:
- Fixed interest rate: The card offers a fixed interest rate, which can be helpful for budgeting and managing expenses.
- No balance transfer fee: The card has no balance transfer fee, making it a cost-effective option for those looking to transfer high-interest credit card debt.
- Reports to credit bureaus: Applied Bank reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- 24/7 online account access: Cardholders have access to their account information and can manage their finances online 24/7.
Drawbacks
While the Applied Bank Secured Visa Gold Preferred has some benefits, there are also some drawbacks to consider, including:
- Annual fee: The card has an annual fee of $48, which can be a significant cost for some cardholders.
- No rewards program: The card does not offer any rewards or cashback programs, which may be a downside for some individuals.
- No automatic credit limit increase: Unlike some other secured credit cards, Applied Bank does not offer an automatic credit limit increase after a certain period of responsible credit use.
Overall, the Applied Bank Secured Visa Gold Preferred can be a decent option for individuals seeking to build or rebuild their credit score with a fixed interest rate and no balance transfer fee. However, the annual fee and lack of rewards program may be a downside for some, and potential cardholders should be aware of these factors before applying.
Applied Bank Secured Visa Gold Preferred
The Applied Bank Secured Visa Gold Preferred Credit Card is a secured credit card that can help you establish or rebuild your credit. It reports to all three major credit bureaus, but has a low credit limit and an annual fee. Consider these factors carefully before applying.
Key Features
Low regular APR No monthly fees No credit score requirement Reports to all 3 credit buraues
| Intro Offer | N/A |
| Variable APR | 9.99% |
| Annual Fee | $48 |
| Credit Requirement | No Credit History |
Features
The Applied Bank Secured Visa Gold Preferred is a secured credit card designed to help individuals build or rebuild their credit score. This card offers a fixed interest rate and credit limits up to $5,000, depending on the amount of the security deposit. There is also no balance transfer fee, making it a great option for those who want to transfer high-interest credit card debt.
Sign-Up Bonus
The Applied Bank Secured Visa Gold Preferred currently does not offer a sign-up bonus. However, the ability to build credit and take advantage of a fixed interest rate can be a valuable feature for those seeking to improve their credit score.
Minimum Deposit
To open an Applied Bank Secured Visa Gold Preferred account, a minimum deposit of $200 is required. This deposit serves as collateral and sets the credit limit for the card, providing an opportunity for those with limited or damaged credit to demonstrate responsible credit use.
Additional Features
The Applied Bank Secured Visa Gold Preferred comes with several additional features that add value for cardholders, including:
- Fixed interest rate: The card offers a fixed interest rate, which can be helpful for budgeting and managing expenses.
- No balance transfer fee: The card has no balance transfer fee, making it a cost-effective option for those looking to transfer high-interest credit card debt.
- Reports to credit bureaus: Applied Bank reports to all three major credit bureaus, which can help individuals build or rebuild their credit score.
- 24/7 online account access: Cardholders have access to their account information and can manage their finances online 24/7.
Drawbacks
While the Applied Bank Secured Visa Gold Preferred has some benefits, there are also some drawbacks to consider, including:
- Annual fee: The card has an annual fee of $48, which can be a significant cost for some cardholders.
- No rewards program: The card does not offer any rewards or cashback programs, which may be a downside for some individuals.
- No automatic credit limit increase: Unlike some other secured credit cards, Applied Bank does not offer an automatic credit limit increase after a certain period of responsible credit use.
Overall, the Applied Bank Secured Visa Gold Preferred can be a decent option for individuals seeking to build or rebuild their credit score with a fixed interest rate and no balance transfer fee. However, the annual fee and lack of rewards program may be a downside for some, and potential cardholders should be aware of these factors before applying.