First Progress Platinum Elite Mastercard® Secured Synovus Bank
First Progress Platinum Elite Mastercard® Secured
Synovus Bank
First time applicants
Apply now
On Synovus Bank‘s site

Best Secured Credit Card to Build Credit

Compare 14 Secured credit cards on Myfin.us.

First Progress Platinum Prestige Mastercard® Secured Synovus Bank
First Progress Platinum Prestige Mastercard® Secured
Synovus Bank
$49
Annual Fee
9.99%
Regular APR
This card doesn't offer cash back, miles or points.
Apply now
On Synovus Bank‘s site
Surge Secured Mastercard® Celtic Bank
Surge Secured Mastercard®
Celtic Bank
$69
Annual Fee
19.99%
Regular APR
1%
Cash Back rewards for each $1 spent using your Surge Mastercard.
Apply now
On Celtic Bank‘s site
Double Your Line® Secured Visa Merrick Bank
Double Your Line® Secured Visa
Merrick Bank
$36
Annual Fee
17.45%
Regular APR
This card doesn't offer cash back, miles or points.
Apply now
On Merrick Bank‘s site
OakStone Gold Secured Mastercard® Synovus Bank
OakStone Gold Secured Mastercard®
Synovus Bank
$39
Annual Fee
13.99%
Regular APR
This card doesn't offer cash back, miles or points.
Apply now
On Synovus Bank‘s site

Best Credit Cards for Secured in January 2022

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Synovus Bank First Progress Platinum Elite Mastercard® Secured best for First time applicants

First Progress Platinum Elite Mastercard® Secured Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
3.3 out of 5
scorer
Recommended credit score
No Credit History to Fair (0-669)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $29 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    19.99% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The First Progress Platinum Elite Mastercard® Secured Credit Card is designed to help cardholders build credit with no credit check or minimum credit score required to apply.

    As a secured credit card, the First Progress Platinum Elite Mastercard® doesn’t come with any welcome offers, sign-up bonuses or reward rates.

    As a Mastercard®-branded credit option, this First Progress card is accepted nationwide.

    The initial Credit Limit for your Account will be equal to the amount of the Deposit that you make with us, which must be at least $200 (see “Security Interest” above). However, if you choose to deposit more than $200 your initial deposit and corresponding Credit Limit must be at least $300 and may not exceed $2,000.

  • Pros:
    • No credit history required
    • No Minimum Credit Score needed
    • Low Annual Percentage Rates
    • It builds your Credit Score
  • Cons:
    • No option to graduate to an unsecured credit card
    • Credit limit is equal to your deposit amount
    • There is no Rewards program
    • There are some area restrictions
  • Benefits:
    • No Minimum Credit Score;
    • No Credit History Required;
    • Accepted Nationwide.
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Synovus Bank First Progress Platinum Prestige Mastercard® Secured best for For bad credit

First Progress Platinum Prestige Mastercard® Secured Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
3.8 out of 5
scorer
Recommended credit score
No Credit History to Fair (0-669)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $49 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    9.99% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The First Progress Platinum Prestige Mastercard Secured Credit Card is a secured credit card for people with a limited credit history.

    The First Progress Platinum Prestige doesn’t earn a welcome bonus. The First Progress Platinum Prestige Mastercard Secured Credit Card charges the highest annual fee of the three cards at $49, but it offers the lowest APR, at 9.99% (Variable).

    First Progress reports to all three major credit agencies, so even if you have bad credit, you’ll be able to improve on your credit standing provided you use your card responsibly.

  • Pros:
    • Low APR for Purchases
    • No Minimum Credit Score Required
    • Reports to Three Major Credit Bureaus
    • Suitable Range of Credit Limit
  • Cons:
    • High Annual Fee
    • High Transaction Fees on Cash Advance
    • High Penalty Fees
    • No Bonuses or Rewards
    • Foreign Transaction Fees
    • Unavailability of Card for Certain Geographies in the US
  • Benefits:
    • Accepted Nationwide;
    • No Minimum Credit Score;
    • No Credit History Required.
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Surge Secured Mastercard® Celtic Bank
Apply now
On Celtic Bank‘s site
Our Rating:
3.3 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • 1% Cash Back rewards for each $1 spent using your Surge Mastercard.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $69 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    19.99% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Celtic Bank
  • Details:

    The Surge Secured Mastercard® is a credit card designed for people with poor credit or none at all. The card earns 1% Cash Back rewards.

    The card's APR: 19.99% (Variable).

    The Surge Secured Mastercard® has an annual fee of $69. There’s also an additional one-time card fee of $30 (if applicable). Plus, the card has a foreign transaction fee of 3%.

  • Pros:
    • Cash Back rewards
    • Free automatic account reviews for credit limit increases
  • Cons:
    • Annual Fee
    • Foreign Transaction Fee
    • No welcome bonus
    • No Intro APR offer
  • Benefits:
    • 1% Cash Back Rewards;
    • Potential Credit Limit Increase;
    • Report to All 3 Major Credit Bureaus.
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Double Your Line® Secured Visa Merrick Bank
Apply now
On Merrick Bank‘s site
Our Rating:
1.42 out of 5
scorer
Recommended credit score
No Credit History to Fair (0-669)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $36 the first year $36 billed $3 per month thereafter
  • Purchase Intro APR:
    None
  • Regular APR:
    17.45% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Merrick Bank
  • Details:

    The Merrick Bank Double Your Line® Secured Visa is a good card for people looking to build or rebuild credit.

    The card has an annual fee of $36 for the first year (billed $3 per month thereafter).

    The APR for purchases is 17.45% (Variable).

    Double your $200 credit line by making at least your minimum payment on time each month for the first 7 months your account is open.

  • Pros:
    • Double your credit limit
    • Free monthly FICO Score access
  • Cons:
    • Annual Fee
    • Foreign Transaction
  • Benefits:
    • $0 Fraud Liability;
    • Double Your Line™;
    • Reports to 3 Major Credit Bureaus.
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OakStone Gold Secured Mastercard® Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
1.72 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $39 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    13.99% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The OakStone Gold Secured Mastercard® is designed for people with bad credit or no credit history.

    The OakStone Gold Secured Mastercard® has a 13.99% APR (Variable). The card has an annual fee of $39.

  • Pros:
    • Fast, easy application process
    • Low APR
  • Cons:
    • Annual Fee
    • Foreign Transaction Fee
    • No rewards
  • Benefits:
    • No processing or application fees;
    • No minimum credit score requirements;
    • Reports to all three nationwide credit bureaus.
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Secured Visa® Merrick Bank
Apply now
On Merrick Bank‘s site
Our Rating:
3.2 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $36 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    17.45% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Merrick Bank
  • Details:

    The Merrick Bank Secured Visa® credit card is a credit card designed for building or rebuilding credit. The cardholder’s initial credit line will be equal to the amount of their security deposit, which can be between $200 and $3,000.

    The Annual Fee is $36 the first year. Billed $3 dollars per month thereafter.

    The Merrick Bank Secured Visa® credit card reports to all three major credit bureaus.

    It’s also accepted at any merchant that accepts Visa®, one of the world’s largest global payments brands.

  • Pros:
    • Up to $3000 credit limit
    • Reports to three major credit bureaus
    • You don’t need a bank account to apply
    • Access to FICO score
    • Low APR
  • Cons:
    • No rewards or intro offers
    • $200 minimum deposit
    • Extra fees
    • $36 annual fee
  • Benefits:
    • Monthly Reporting to the 3 Major Credit Bureaus;
    • $0 Fraud Liability;
    • Low interest;
    • FICO® Score for Free Each Month.
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OakStone Platinum Secured Mastercard® Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
2.08 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $49 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    9.99% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The OakStone Platinum Secured Mastercard® is designed for people with bad credit or no credit history.

    The OakStone Platinum Secured Mastercard® has a 9.99% APR (Variable). The card has an annual fee of $49.

  • Pros:
    • Fast, easy application process
    • Low APR
  • Cons:
    • Annual Fee
    • Foreign Transaction Fee
    • No rewards
  • Benefits:
    • No processing or application fees;
    • No minimum credit score requirements;
    • Reports to all three nationwide credit bureaus.
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Applied Bank® Secured Visa® Gold Preferred® Credit Card best for 18 year old

Gold Preferred® Secured Visa® Applied Bank
Apply now
On Applied Bank®‘s site
Our Rating:
2.41 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $48 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    9.99% Fixed
  • Balance Transfer APR:
    None
  • Issuer name:
    Applied Bank®
  • Details:

    The Applied Bank® Secured Visa® features a fixed-rate 9.99% APR on purchases.

    The Applied Bank® Gold Preferred® Secured Visa® Card charges several fees in addition to the $48 annual fee. Fees include an up to $38 late payment fee, an up to $38 returned payment fee, a $30 stop payment fee, a $12.95 fee for each optional payment, a $30 fee for additional or replacement cards a $50 reinstatement fee, and a 3% foreign transaction fee.

  • Pros:
    • Lower than average APRs
    • Theft Protection
  • Cons:
    • Annual Fee
    • No Intro APR on purchases and balance transfer
    • Foreign Transaction Fee
    • No rewards
  • Benefits:
    • Reports to All Three National Credit Bureaus;
    • Zero Fraud Liability;
    • Refundable Security Deposit;
    • Global acceptance;
    • Emergency card replacement and cash disbursement.
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First Progress Platinum Select MasterCard® Secured Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
3.5 out of 5
scorer
Recommended credit score
No Credit History to Fair (0-669)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $39 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    13.99% Variable
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The First Progress Platinum Select MasterCard® Secured is designed to help cardholders build credit with no credit check or minimum credit score required to apply.

    The First Progress Platinum Select MasterCard® Secured doesn’t come with any welcome offers, sign-up bonuses or reward rates.

    The card's APR: 13.99% (Variable for Purchases), 19.99% (Variable for Cash Advances).

    The First Progress Platinum Select MasterCard® has an annual fee of $39. Plus, the card has a foreign transaction fee of 3%.

  • Pros:
    • No credit history required
    • No Minimum Credit Score needed
    • Low Annual Percentage Rates
  • Cons:
    • Annual Fee
    • Foreign Transaction Fee
  • Benefits:
    • Accepted Nationwide;
    • No Minimum Credit Score;
    • No Credit History Required.
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Discover Bank Discover it® Secured best for Cash Back, No Annual Fee, Young couples, For bad credit

Discover it® Secured Discover Bank
Our Rating:
4.07 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • 2% Cash Back at gas stations and restaurants on up to $1,000 in purchases each quarter.
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • 2x Discover will automatically match all the cash back you’ve earned at the end of your first year.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    22.99% Variable
  • Balance Transfer APR:
    10.99% The APR for 6 months from date of first transfer 22.99% The APR after 6 months from date of first transfer
  • Issuer name:
    Discover Bank
  • Details:

    The Discover it® Secured Credit Card offers 2% Cash Back on gas stations and restaurants up to $1,000 in combined spending per quarter, and 1% on everything else, but Discover will match dollar-for-dollar all those rewards at the end of the first year.

    The Discover it® Secured Credit Card requires you to put down a refundable security deposit. That deposit becomes your credit line. Minimum deposit is $200. The maximum credit limit is $2,500.

    The Discover it® Secured Credit Card reports to the three major credit bureaus (TransUnion, Equifax and Experian).

    The interest on the Discover it® Secured Credit Card is not very attractive: It comes with 10.99% intro APR on Balance Transfers for 6 months, and then 22.99%.

  • Pros:
    • Multiple rewards programs
    • No annual fee
    • Monthly credit reviews
    • Double cashback for the first year
    • Upgrade to an unsecured credit card
  • Cons:
    • High APR
    • Minimum deposit requirement
    • Not widely accepted internationally
  • Benefits:
    • Refundable security deposit;
    • $0 Fraud Liability;
    • No Foreign Transaction Fees;
    • 2% Cash Back at gas stations and restaurants;
    • 1% Cash Back on all other purchases;
    • Unlimited Cashback Match;
    • 99% nationwide acceptance.
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