Compare Secured Credit Cards
Struggling with credit? A secured credit card can help you rebuild credit with responsible spending and on-time payments - no perfect credit needed.
Disclaimers
*The secured Self Visa® Credit Card is issued by Lead Bank, Sunrise Bank, N.A., or First Century Bank, N.A., each Member FDIC.
Qualification for the secured Self Visa® Credit Card is based on meeting eligibility requirements, including income and expense requirements and establishment of security interest. Criteria subject to change.
$0 annual fee for the first year only, $25 annual fee thereafter. Variable APR of 27.99%. Offer valid for new customers only.
Disclaimers
Firstcard is a financial technology company, not a bank. Banking services are provided by Regent Bank, Member FDIC.
*Source: Firstcard User Data. Firstcard user data shows that users with a credit score below 500 observed an average increase of 52 points within 3 months of their first purchase using Firstcard with on-time payment.
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A secured credit card is a type of credit card that requires a refundable security deposit as collateral. Your credit limit is typically equal to your deposit. It’s commonly used to build or rebuild credit. Secured cards are ideal for:
- People new to credit
- Those with low or no credit score
- Individuals rebuilding after bankruptcy or missed payments
Yes, secured credit cards are designed specifically for people with poor credit or no credit history. Because the deposit lowers the risk for the card issuer, approval is more likely even if you have a low FICO score or limited credit background.
Deposits typically start at $100–$500, depending on the card provider. The amount becomes your credit limit. In many cases, the deposit is fully refundable when you close the account in good standing or upgrade to an unsecured card.
- Secured credit cards require a security deposit and are easier to qualify for if you have bad or no credit.
- Unsecured credit cards don’t require a deposit but typically need fair to excellent credit for approval. Secured cards are often the first step toward qualifying for unsecured cards later.