Secured Credit Cards
You CAN rebuild credit history. Start now with a secured credit card.
Whether you have poor credit or no credit history at all, rebuilding credit is possible with a secured credit card. It's simple and safe. You can build, rebuild or reestablish your credit history by making on-time payments to all of your creditors and maintaining your account balances under the credit limits.
So what is a secured credit card? In brief, a secured credit card for bad credit works just like any other credit card but requires you to "secure" your credit line with a security deposit. Most secured cards allow you to set your own limit by choosing the amount of your security deposit. As your credit increases over time over time, your credit line may as well. Plus, the major credit bureaus will be notified of your new and improved credit, helping you to rebuild your damaged credit for the future.
Secured credit cards are one of the very best ways in which a consumer can rebuild their credit, which is what makes them so valuable. They also serve as a "gateway" credit card for consumers that are having no luck getting approved for an unsecured credit card due to poor or limited credit. Card issuers like Capital One have rewarded secured credit card members with an unsecured offer after they show responsible card use over the course of several months. So, a secured credit card can lead both directly and indirectly to an unsecured credit card down the line, which will only improve a credit history and profile moving forward.
Looking for more information? Read about secured credit cards for rebuilding credit history in our Credit Card FAQ section, and compare our top 5 picks for the best available secured credit cards below.
Find the best credit card for you.
Capital One® Secured Mastercard® Highlights
- Get the credit you need with no application or processing fees
- Automatic reporting to the 3 major credit bureaus
- Track credit with access to your credit score and other tools
First Progress Platinum Prestige Secured MasterCard® Highlights
- Credit Line Secured by Your Fully-Refundable Deposit of $300 -- $2,000 Submitted with Application
- Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
- No Credit History or Minimum Credit Score Required for Approval