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Experian and CreditMatch

Best Secured Credit Cards

If you're looking for a secured credit card to help you build your credit history, these are some of the best offerings from our partners.

    Best Secured Card With Rewards and an Option to Upgrade

    This Card Is Right for You If:

    You want to earn cash back on your spending and hope to transition to an unsecured line of credit. This is hands-down one of the best secured cards on the market: There's no annual fee, and you earn 2% cash back at gas stations and restaurants (on up to $1,000 in combined purchases every quarter) and 1% back on all other purchases. Discover will also automatically match all the cash back you've earned at the end of your first year. After you've had the card for eight months, Discover will review your account to determine whether it will transition you to an unsecured line of credit (and refund your deposit). Note: You must have a bank account to be eligible for this card.

    Best Secured Card With a Low Deposit Amount

    This Card Is Right for You If:

    You're looking for a card that doesn't require a large deposit to activate. The Capital One® Secured Mastercard® offers an initial $200 credit line after you make a security deposit of $49, $99 or $200, depending on your creditworthiness. After you make your first five monthly payments on time, you can get access to a higher credit line without submitting an additional deposit.

    Best Secured Card With an Adjustable Credit Limit

    This Card Is Right for You If:

    You want to increase your credit line with an additional deposit at any time. Your initial deposit of up to $3,000 determines your initial credit line, but you can also increase your credit line at any time with additional deposits. After the first year, your account will be regularly reviewed for credit line increases with no additional security deposit required. One drawback: You will pay a $36 annual fee.

    Best Secured Card to Improve a Thin Credit File

    This Card Is Right for You If:

    You have little to no credit history and need to build it up for the first time. This straightforward card comes with no annual fee and requires a minimum deposit of $200. Note: You won't get approved for this card if you are trying to rebuild your credit because of a damaged credit history.

    Best Secured Card for Balance Transfers

    This Card Is Right for You If:

    You need to transfer a balance. Not only is this one of the only secured cards with rewards, but it offers a respectable 10.99% introductory APR on balance transfers for six months. Pay off your transferred balance within the six-month low interest introductory period because the ongoing APR is on the high side.

    Secured Card With the Lowest Interest Rate

    This Card Is Right for You If:

    You plan to carry a balance on your secured card. The best way to build credit is to pay off your credit cards every month, but if you do need to carry a balance, you'll want to find one with the lowest interest rate possible. This card fits the bill with an ongoing 10.74% variable APR. You will, however, also pay a $49 annual fee. You must also submit your refundable deposit with your card application.

    Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Learn More.

    Methodology: Experian’s editorial team reviews the credit cards and loans in its CreditMatch marketplace by assessing the value of each card or loan based on a number of criteria, including fees, annual percentage rates (APRs), rewards earning and redemption rates, sign-up bonuses and more. Cards and loans may be selected as “best” in more than one category.

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