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Best secured credit cards for low credit scores

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If you’re looking for the best secured credit cards, look no further. When using a secured credit card, there is usually an initial security deposit involved. This is because secured credit cards have no credit score requirements for their applicants. The best secured credit cards are also one of the best ways to help people with bad credit or no credit raise their credit score.

Here are the best secured credit cards.

Best Secured Credit Cards – Digital Federal Credit Union Visa Platinum Secured Credit Card

The Digital Federal Credit Union Visa Platinum Secured Credit Card is one of the best secured credit cards an applicant with a low credit score can get. There is a variable 11.5% APR, which is lower than most credit cards. Although the minimum required deposit is $500, there is no annual fee, making the The Digital Federal Credit Union Visa Platinum Secured Credit Card one of the best secured credit cards available.

Best secured credit cards – Capital One Secured MasterCard

You’ve got to hand it to the good people at Capital One, they have always been very generous to people with average to low credit scores in the past. This card has an initial deposit starting at $49, although, depending on your credit history, the deposit maxes out at $200, which still isn’t too bad. This gives you a credit limit of $200, and with an additional deposit, you can get an upward limit of up to $3,000. This affordable secured card also has an annual fee of absolutely nothing, which makes it one of the best secured credit cards.

Best Secured Credit Cards – US Bank Secured Card

The US Bank Secured Card is ranked amongst the best secured credit cards for those who are trying to rebuild their credit. This is one of the best secured credit cards for digging yourself out of a hole because of their looser regulations on applicant’s credit scores. Depending on your credit score, the deposit can be anywhere from $300 to $5,000, although that deposit mirrors your first credit limit. If you never miss a payment, you get that money back after the first year and start building generous amounts of credit. The annual fee, however, is $29, but for those who have a less than immaculate credit score, this is your choice of the best secured credit cards.

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