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. You should be approved as long as you are able to afford the security deposit. These cards can be costly and have high APRs. It is not possible to become unsecured.
Capital One Quicksilver Secured Credit Card Cash Rewards
The Capital One Quicksilver Secured Cash Reward Credit Card is a great option for people who have poor credit. A $200 deposit is required by applicants in order to be eligible for a higher credit line. This will happen within six months. Capital One will raise the credit limit automatically after six months of timely payments. The card has a low annual fee, a low interest-rate, and carries a small minimum balance.
Capital One Quicksilver Cash Reward Credit card has a rewards program that is another highlight. The rewards program offers unlimited 1.5% cashback and 5% cashback for purchases made at Capital One Travel. This makes Capital One Quicksilver Security Cash Rewards Credit Card one the most innovative among secured credit lines. In addition to earning points, the card also offers other benefits, such as a free monthly FICO credit score and zero fraud liability.
Find it Secure
If you are looking for a secured card that offers a generous welcome bonus, the Discover it Secured creditcard is a great option. In the first year, you will earn 2% cashback at gas stations or restaurants and an unlimited 1% cashback on any other purchases. Discover will match your first year of rewards with a cashback match program. This means you can start earning cash back right away and still be on your way to establishing credit.
Discover it Secured card is a credit card that offers great rewards. Cardholders can easily earn rewards by spending money on specific categories. The bonus categories have been designed to reflect the spending habits of consumers. You can redeem the cashback rewards with this card at any moment.
Capital One Platinum Secured 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 doesn't have an annual fee nor foreign transaction fees. There are also no fees for late or missed payments. It can also be used in-store and online.
The Platinum Secured Credit Card is specifically designed for those with low or no credit. The card offers a credit line up to $1,000. You can also access top-of the-line digital financial tools that allow you to monitor your credit history from anywhere. You also get travel assistance and Apple Pay support.
Capital One Secured Masterscard
The Capital One Secured Mastercard provides a great option to people with bad credit, or for those who want their credit to be rebuilt. The card features a zero-fee annual fee and a $200 credit limit. Although it is not a card that can be used for cash advances, the card can still be used to make purchases or build 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. A minimum of five timely monthly payments can allow you to increase your credit limit up to $1,000