If you have a fair or poor credit card, you need a credit card that can help you build your credit.
Hence, this article contains a list of best Secured Credit Card for those with fair or poor credit.
So, if you have a fair or poor credit score these credit cards will be of great help to you and your credit.
Thus, here are the best Secured Credit Cards for 2023.
Best Secured Credit Card for 2023
The first credit card on this list is the Discover it Secured Credit Card. This credit card helps its cardholders to build and rebuild their credit.
However, to use this card you must make a security deposit of at least 200 USD to your account.
Hence, you can get 2% cash back at Gas Stations and Restaurants. But, to get this offer you must spend $1,000 in joint purchases every six months.
Having said that, you can also earn 1% cash back on all other purchases made with this card.
Thus, this card also offers a double match of all cash back earned at the end of your first year.
In other words, you will get double of all cash back earned at the end of your first year as a cardholder.
Also, this card allows you to be ungraded to a secured credit card after using it well for at least 7 months.
For more info, visit https://www.discover.com/credit-cards/secured.
The next card on our list is the Quicksilver Secured Cash Rewards Credit Card from Capital One.
This card offers its cardholders 1.5% cash back on daily purchases made using their card.
However, this card is only for those with fair or poor credit scores. So, if you have a good credit score you might want to check out other credit cards for good credit.
Having said that, the Quicksilver Secured Cash Rewards Credit Card has a $39 annual fee. And it has a high variable APR of 30.49% on purchases
Thus, visit https://www.capitalone.com/credit-cards/quicksilverone for more info.
The next credit card on this list is the Platinum Secured Credit Card from Capital One.
This is another great card from CAPITAL One that helps its holder build their credit history.
Hence, this card has no replacement fees, no foreign transaction fees, or extra user fees.
But, to use this card, you’ll have to make a security deposit of at least 49 USD to 200 USD into your account.
Having said that, this security deposit serves as your credit line. Thus, this card also allows you to opt for an unsecured credit card. Hence, this is when you’ve used this card properly for a period.
For more info, visit https://www.capitalone.com/credit-cards/platinum-secured.
The next card is the Chime Credit Builder Visa Credit Card. This credit card helps you build your credit score at no cost.
It helps boost your credit by reporting your activities to the three major credit bureaus.
Thus, to improve your credit faster, make sure you pay your balance in full on time and use your card daily.
Hence, this card has no foreign transaction fees. As well as no replacement fees, or any hidden charges.
However, visit https://www.chime.com/credit-builder to learn more about this Card.
The last credit card for this list is the U.S. Bank Cash+ Visa Secured Card. This credit card allows you to build your credit while earning cash back.
Hence, to use this card, you must make a security deposit of $300 to $5,000 into your account.
This card improves your credit by reporting activities to all major credit bureaus.
Having said that, this card does not charge you an annual fee. Also, it is accepted anywhere Visa is accepted.
However, you can enjoy 5% cash back on your first $2,000 spent in approved joint purchases each quarter.
Still, you can get 5% cash back on prepaid hotel, and car, rentals. As well as air reservations booked from the Rewards Travel Center.
That’s not all, you can also get 2% cash back on approved purchases in your daily category. And also 1% cash back on all other approved purchases made with your card.
For more info, visit https://www.usbank.com/credit-cards/cash-plus-secured-visa-credit-card.html
Other Secured Credit Card Options
- Customized Cash Rewards Secured Credit Card
- Self Visa Secured Card
- Platinum Prestige MasterCard Secured Credit Card
- OpenSky Secured Visa Credit Card
- Unlimited Cash Rewards Secured Credit Card
- S. Bank Altitude Go Visa Secured Card
Final Word
In summary, we’ve been able to give you a brief of the best Secured Credit Cards for 2023.
Hence, if you have any questions, leave them in the comment and we will reach out to you soon.
Having said that, thank you for reading!