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. If you can afford the security deposits, you should be approved. This card comes with high APRs and annual fees. There is no way to go unprotected.
Capital One Quicksilver Secured Cash Rewards Credit Card
The Capital One Quicksilver Secured Cash Reward Credit Card is a great option for people who have poor credit. In order to get a higher credit score, applicants only need to deposit $200. Capital One will review your credit limit and consider increasing it automatically after six consecutive months of making on-time payments. The card has a low annual fee, a low interest-rate, and carries a small minimum balance.
Capital One Quicksilver Secured Money Reward Credit Cards has another amazing feature: its rewards program. 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 Capital One Quicksilver Security Cash Rewards Credit Card one the most innovative among secured credit lines. 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.
Discover it Secured
For those who want a secured credit card, the Discover it Secured card is an excellent choice. It comes with a generous welcome deal. 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 that you can immediately start earning cash back while still working towards establishing credit.
Discover it Secured creditcard offers great rewards programs that make it easy for cardholders earn rewards when they spend money in particular categories. The bonus categories are designed to be in line with consumers' normal spending habits. This card offers cashback rewards that can be used at any time.
Capital One Platinum Secured Visa Card
The Capital One Platinum Secured Credit Card offers many benefits to those who are struggling to get approved for a traditional credit card. The card is free of foreign transaction fees and has no annual fees. There are also no fees associated with late or returned 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. It can provide a credit line of up $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 can be a great choice for those with poor credit or who are trying to rebuild their credit. There is no annual fee and a credit limit of $200. Because it's a secured card, you can't get a cash advance, but you can still make purchases and use the card to build credit.
After five regular payments, you can increase your Capital One Secured Mastercard's credit line. For your card to be issued, you must make a $49 deposit. The credit line can be increased up to $1,000 if you make five on-time monthly payments.