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. Approval should be granted as long you can afford the security fee. You will not be able to secure your card if you don't pay the high annual fee or APR.
Capital One Secured Cash Rewards Credit card
Capital One Quicksilver secured cash reward credit card is a great choice for those with poor credit. 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. After six months of on-time payments, Capital One will consider raising the credit limit automatically. This credit card is low in interest and has no annual fee.
The rewards program is another great feature of Capital One Quicksilver Secured cash Reward Credit Card. It offers a maximum of 1.5% cash back for all purchases, and 5% cash back when you shop at Capital One Travel. This makes the Capital One Quicksilver Cash Rewards Credit Card unique among secured credit cards. In addition to earning points, the card also offers other benefits, such as a free monthly FICO credit score and zero fraud liability.
You can find it secured
The Discover it Security credit card is a great choice if you're looking for a secured, unsecured credit card that comes with a generous Welcome Offer. The first year of card use offers 2% cash back at gas stations and restaurants and unlimited 1% cash back on all other purchases. Discover will match the first year's rewards through a cashback program. This means you can start earning cash back right away and still be on your way to establishing credit.
The Discover it Secured credit card offers a great rewards program that makes it easy for cardholders to earn rewards by spending money in specific categories. The bonus categories are designed to align with the natural spending habits of consumers. The cashback rewards you earn with this card can be redeemed at any time.
Capital One Platinum Secured Card Credit Card
Capital One Platinum Secured Credit Card offers many advantages to those who are unable to qualify for traditional credit cards. This card does not have an annual fee or foreign transaction fees. You will not be charged for late or returned payments. It can be used both online and in store for purchase.
The Platinum Secured Credit Card caters to those with very poor credit. You can get a credit limit of up to $1,000. It also comes with top-of-the-line digital financial tools, which allows you to keep tabs on your credit history at any time. It also provides practical benefits like Apple Pay support 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. The card features a zero-fee annual fee and a $200 credit limit. It's not a secured card so you cannot get a cash advance. However, you can still make purchases with the card and build credit.
After you have made five timely payments, your Capital One Secured Mastercard credit limit can be increased. To receive your card, you will need to pay a $49 security fee. If you make five monthly on-time payments, your credit limit can be increased to $1,000.