If you're looking for a secured credit card with flexible terms and higher cash back rates, there are several options to choose from. Many of these cards come with lenient underwriting standards, and some are available without credit checks. You should be approved as long as you are able to afford the security deposit. This card comes with high APRs and annual fees. There is no way to go unprotected.
Capital One Quicksilver Secured Cash Rewards Credit Card
People with bad credit ratings will love the Capital One Quicksilver Cash Reward Credit card. In order to get a higher credit score, applicants only need to deposit $200. Capital One will raise the credit limit automatically after six months of timely payments. The credit card offers a low interest rate, no annual fees, and a minimum balance.
Another great feature of the Capital One Quicksilver Secured Cash Reward Credit Card is its rewards program. You can get a 5% cashback when you purchase at Capital One Travel. Unlimited 1.5% cashback is available on all other purchases. This feature makes Capital One Quicksilver secured cash rewards credit card one of the most distinctive among secured credit cards. This card not only earns points but also provides other benefits like a zero fraud liability and a free monthly FICO score.
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. In the first year, you will earn 2% cashback at gas stations or restaurants and an unlimited 1% cashback on any 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 immediately start earning cash back while still working towards establishing credit.
Discover it Secured credit card has a great rewards program. Cardholders have the option to earn rewards just by spending money in certain categories. The bonus categories are tailored to consumers' spending habits. You can redeem the cashback rewards with this card at any moment.
Capital One Platinum Secured Card Credit Card
Capital One Platinum Secured Credit Card provides many benefits to people who are having difficulty getting approved for traditional credit cards. This card does not have an annual fee or foreign transaction fees. There are no fees for returned or late payments. It can also be used in-store and online.
The Platinum Secured Credit Card has been specifically created for those with bad credit or no credit. The card offers a credit line up to $1,000. It comes with the best digital financial tools available, which allow you to track your credit history and keep it updated at all times. There are also practical benefits, such as Apple Pay and travel assistance.
Capital One Secured mastercard
The Capital One Secured Mastercard offers a great solution for people with poor credit and those looking to improve their credit score. This card has a $200 credit limit, and there is no annual fee. 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 five on-time payments, your Capital One Secured Mastercard credit line can be increased. You must pay a $49 security deposit in order to receive your card. The credit line can be increased up to $1,000 if you make five on-time monthly payments.