There are many options to choose between if you want a secured credit card that has flexible terms and offers higher cash back rates. Many of these cards come with lenient underwriting standards, and some are available without credit checks. As long as you can afford the security deposit, you should be approved. However, these types of cards often come with high annual fees and APRs, and there is no clear path to unsecured status.
Capital One Quicksilver Secured Credit Card Cash Rewards
Capital One Quicksilver Reward Cash Credit Card is great for people with low credit scores. The $200 deposit is all that is required to open the Capital One Quicksilver Secured Cash Reward Credit Card. Within six months, applicants will be granted a greater credit limit. Capital One will review your credit limit and consider increasing it automatically after six consecutive months of making on-time payments. This credit card comes with a low rate of interest, no annual fee and a minimal balance.
Another great feature of the Capital One Quicksilver Secured Cash Reward Credit Card is its rewards program. The rewards program offers unlimited 1.5% cashback and 5% cashback for purchases made at Capital One Travel. This makes the Capital One Quicksilver Cash Rewards Credit Card unique among secured credit cards. The card offers more than just earning points. It also has other benefits such as zero fraud liability and a monthly FICO credit score of zero.
Get it Secured
The Discover it Secured credit card is a great choice for people who are looking for a secured credit card with a generous welcome offer. Cardholders who use the card for one year will receive 2% cashback at gas stations and restaurants, and an unlimited 1% cashback on all other purchases. It also offers a cash back match program, meaning that the first year of rewards will be matched by Discover. This means that you can get cash back as soon as you sign up and continue your journey to credit building.
Discover it Secured credit cards offer a great rewards program. Cardholders can earn rewards for spending in certain categories. These bonus categories were designed to match consumers' natural spending habits. The cashback rewards you earn with this card can be redeemed at any time.
Capital One Platinum Secured Kreditkarte
The Capital One Platinum Secured Credit Card offers many benefits to those who are struggling to get approved for a traditional credit card. This card does not have an annual fee or foreign transaction fees. There are also no fees associated with late or returned payments. It can be used for both online and in-store purchases.
The Platinum Secured Credit Card is designed specifically for those with no or poor credit. You can get a credit limit of up to $1,000. It comes with high-quality digital financial tools that will allow you to view your credit history anytime. This card offers many practical benefits such as travel assistance and Apple Pay.
Capital One Secured Masterscard
The Capital One Secured Mastercard offers a great solution for people with poor credit and those looking to improve their credit score. The card features a zero-fee annual fee and a $200 credit limit. The card is a secured one, so it can't be used to get cash advances. However, you are still able to make purchases and use it as a credit card to build your credit.
After you make five timely payments, you can raise your Capital One Secured Mastercard Credit Line. To receive your card, you will need to pay a $49 security fee. You can increase your credit line up to $1,000 by making five regular monthly payments.