There are many options available when searching for a secured card. There are two options: the Capital One Platinum Secured Credit Card, and the Discover it Secured Visa. Another type of secured card is the Plastk Secured Visa. Clark Howard has rated the Capital One Platinum Secured Credit Card.
Capital One Secured MasterCard
Capital One Secured MasterCard may be the best choice if you are trying to rebuild credit following bankruptcy or other credit issues. This card features no annual fee and allows you to set payment due dates that are convenient for you. It does not charge foreign transaction fees.
Secured Visa
Secured credit cards are a great option for anyone looking to build credit or pay off existing debt. These cards are subject to a $200 minimum security deposit, and a maximum credit limit of $200. They don't require an annual fee.
Plastk Secured Visa
The Plastk Secured Visa Card is a credit card for people with poor credit. Although there is no minimum income requirement for this card, it does have an annual fee of $48 as well as a $6 monthly maintenance fee. This card also offers a range of benefits that can help improve your credit score.
Capital One Low Rate Guaranteed Mastercard
Canadians with lower credit scores will love the Capital One Low-Rate Guaranteed Mastercard. This card is great for people who want to improve or establish credit. The lower interest rate can quickly pay for the slightly higher annual fees. Capital One also reports to the three major credit agencies, which makes it easier for you to monitor your financial condition. This card also allows you to pay by check, online, or at a local branch.
Home Trust Secured Visa
The Home Trust Secured Visa Card can help you build good credit. The card allows you make a secure deposit equal to the card's credit limit. The deposit is returned when the card is closed or the debt is completely paid. You can choose to put down as little as $500 or as much as $10,000.
Discover it Secured Card Credit Card
The Discover it Secured credit card is a great way earn rewards for your purchases. You can get a cashback program with this card that provides unlimited cash back, 2% cashback at gas stations and restaurants, as well as 1% cashback on all purchases. The card allows you to delete your personal information from some people search websites. To prevent your data from being used in criminal activities, you can get free alerts.