Best Secured Credit Cards in January 2026
Our team analyzed 47 secured credit cards based on approval rates, credit bureau reporting, fees, and path to graduation. These 12 cards emerged as the best options for building or rebuilding credit, including 6 that require no credit check for approval.
EDITOR'S CHOICE: Best No Credit Check Secured Card
OpenSky® Secured Visa® Credit Card
#1OpenSky® Secured Visa® offers approval without a credit check or bank account requirement. On-time payments are reported to Equifax, Experian, and TransUnion monthly. The card has a $35 annual fee and requires a security deposit of $200 to $3,000, which sets your credit limit.
Pros & Cons
Pros
- No credit check required to apply
- Reports to all 3 major credit bureaus monthly
- No checking account required
- Build credit with responsible use
- Accepted everywhere Visa is accepted
Cons
- $35 annual fee
- No rewards program
- High APR if carrying a balance
Card Details
- No credit check required for approval
- No bank account required to apply
- Choose your credit limit: $200 - $3,000 (equals your deposit)
- 22.64% Variable APR
- Reports to all 3 credit bureaus (Equifax, Experian, TransUnion)
- Nationwide acceptance wherever Visa is accepted
- Online account management 24/7
- Fraud protection with zero liability
- $35 annual fee
- Issued by Capital Bank, N.A., Member FDIC
OpenSky® Plus Secured Visa® Credit Card
#2The OpenSky® Plus offers enhanced features for credit builders willing to pay a slightly higher annual fee. The lower 19.64% APR saves money if you occasionally carry a balance, and the $300 minimum deposit ensures a more substantial credit line to start. Same trusted credit-building benefits with premium perks.
Pros & Cons
Pros
- No credit check required
- Lower APR than standard OpenSky
- Reports to all 3 credit bureaus
- Higher starting credit limit
- Credit line increase opportunities
Cons
- Higher $59 annual fee
- No rewards program
- Requires $300 minimum deposit
Card Details
- No credit check required for approval
- Lower APR: 19.64% vs 22.64% on standard OpenSky
- Credit limits from $300 - $3,000
- Reports to Equifax, Experian, and TransUnion monthly
- Potential for credit line increases
- Online and mobile account access
- Visa's zero liability fraud protection
- $59 annual fee
- Issued by Capital Bank, N.A., Member FDIC
Self Visa® Credit Card
#3Self Visa requires patience but offers a unique approach. You must first open a Credit Builder Account, make on-time payments for 3+ months, and save at least $100 before you can get the card. Your savings become your credit limit. It's great if you're already using Self's savings program, but the multi-step process and $25 annual fee make it less convenient than traditional secured cards.
Pros & Cons
Pros
- No traditional deposit required
- Builds credit through savings
- No credit check
- Reports to all 3 bureaus
- Combines savings with credit building
Cons
- Requires Self Credit Builder Account first
- $25 annual fee
- Must save for months before getting card
- Complex setup process
Card Details
- No traditional security deposit (uses your Self savings)
- Requires Self Credit Builder Account (3+ months)
- $25 annual fee
- 26.99% Variable APR
- Must have $100+ in Self savings to qualify
- Reports to all 3 credit bureaus
- Visa acceptance
- Mobile app for account management
OpenSky® Launch Secured Visa® Credit Card
#4OpenSky Launch removes the annual fee barrier for new credit builders. While the APR is higher than other OpenSky cards, you pay nothing yearly to build credit. This makes it ideal for those who pay their balance in full each month and want to minimize costs while establishing credit history.
Pros & Cons
Pros
- No annual fee
- No credit check required
- Lower barrier to entry
- Reports to all 3 bureaus
- Same OpenSky trust
Cons
- Higher APR than other OpenSky cards
- Basic feature set
- No rewards program
Card Details
- No annual fee
- No credit check required
- Reports to all 3 credit bureaus
- Minimum $200 security deposit
- 29.99% Variable APR
- Visa acceptance everywhere
- Online account management
- Issued by Capital Bank, N.A., Member FDIC
Discover it® Secured Credit Card
#5Discover it® Secured is the clear winner for rewards. It offers 2% cash back at gas stations and restaurants (on up to $1,000 per quarter) and 1% on all other purchases. Plus, Discover matches all your cash back at the end of your first year, effectively doubling your rewards. No other secured card comes close.
Pros & Cons
Pros
- 2% cash back at gas stations and restaurants (up to $1,000/quarter)
- 1% cash back on all other purchases
- Discover matches all cash back after first year
- No annual fee
- Automatic graduation reviews starting at 8 months
- Reports to all 3 credit bureaus
Cons
- Requires credit check
- Must have some credit history to qualify
- Higher APR if carrying balance
Card Details
- 2% cash back at gas stations and restaurants (up to $1,000 per quarter)
- 1% cash back on all other purchases
- Discover matches all cash back after first year
- No annual fee
- Automatic graduation reviews starting at 8 months
- Reports to all 3 credit bureaus
- 26.74% Variable APR
- Minimum $200 security deposit
Capital One Platinum Secured Credit Card
#6Capital One Platinum Secured offers the lowest initial deposit requirement, starting at just $49. This makes it accessible for those with limited funds. The card has no annual fee and provides automatic credit line increase reviews. Capital One reports to all three credit bureaus and offers credit monitoring tools.
Pros & Cons
Pros
- Lowest initial deposit option ($49)
- No annual fee
- Automatic credit line increase reviews
- Reports to all 3 bureaus
- Access to Capital One's credit monitoring tools
Cons
- Requires credit check
- Higher APR than some competitors
- No rewards program
Card Details
- Security deposit options: $49, $99, or $200
- No annual fee
- Automatic credit line increase reviews
- Reports to all 3 credit bureaus
- 28.99% Variable APR
- Access to Capital One CreditWise
- Mobile app for account management
Citi® Secured Mastercard®
#7Citi® Secured Mastercard® offers a straightforward secured card option from a major bank. With no annual fee and a $200 minimum deposit, it's a solid choice for building credit. Citi reports to all three credit bureaus and provides standard fraud protection.
Pros & Cons
Pros
- No annual fee
- Major bank backing
- Reports to all 3 credit bureaus
- Online account management
- Fraud protection
Cons
- Requires credit check
- No rewards program
- Limited features compared to competitors
Card Details
- No annual fee
- Minimum $200 security deposit
- Reports to all 3 credit bureaus
- 26.99% Variable APR
- Mastercard acceptance
- Online account management
- Zero liability fraud protection
Bank of America® Customized Cash Rewards Secured Credit Card
#8Bank of America® Customized Cash Rewards Secured offers category rewards, allowing you to earn 3% cash back in a category of your choice. With 2% at grocery stores and wholesale clubs and 1% on everything else, it's one of the few secured cards with meaningful rewards.
Pros & Cons
Pros
- 3% cash back in a category of your choice
- 2% cash back at grocery stores and wholesale clubs
- 1% cash back on all other purchases
- No annual fee
- Reports to all 3 bureaus
Cons
- Requires credit check
- Higher minimum deposit ($300)
- Category rewards capped at $2,500 per quarter
Card Details
- 3% cash back in chosen category (gas, online shopping, dining, travel, drug stores, or home improvement)
- 2% cash back at grocery stores and wholesale clubs
- 1% cash back on all other purchases
- Rewards capped at $2,500 per quarter in combined 3% and 2% categories
- No annual fee
- Minimum $300 security deposit
- Reports to all 3 credit bureaus
- 25.99% Variable APR
U.S. Bank Cash+® Visa® Secured Card
#9U.S. Bank Cash+® Visa® Secured Card offers high category rewards with 5% cash back on two categories of your choice. With 2% on one everyday category and 1% on everything else, it's one of the most rewarding secured cards available.
Pros & Cons
Pros
- 5% cash back on two categories of your choice
- 2% cash back on one everyday category
- 1% cash back on all other purchases
- No annual fee
- Reports to all 3 bureaus
Cons
- Requires credit check
- Higher minimum deposit ($300)
- Must activate categories each quarter
- 5% categories capped at $2,000 per quarter
Card Details
- 5% cash back on two categories of your choice (must activate each quarter)
- 2% cash back on one everyday category (gas stations, grocery stores, or restaurants)
- 1% cash back on all other purchases
- 5% categories capped at $2,000 per quarter
- No annual fee
- Minimum $300 security deposit
- Reports to all 3 credit bureaus
- 28.99% Variable APR
Merrick Bank Double Your Line® Secured Credit Card
#10Merrick Bank Double Your Line® Secured Credit Card offers a unique credit line growth program. After making on-time payments, you may qualify to double your credit line without an additional deposit. The card has no credit check requirement and reports to all three bureaus.
Pros & Cons
Pros
- No credit check required
- Double Your Line program increases credit limit
- Reports to all 3 bureaus
- Visa acceptance
- Online account management
Cons
- $36 annual fee
- No rewards program
- Must qualify for Double Your Line program
Card Details
- No credit check required
- Double Your Line program (qualify after on-time payments)
- Security deposit: $200 - $3,000
- Reports to all 3 credit bureaus
- $36 annual fee
- 24.99% Variable APR
- Visa acceptance
- Online account management
Credit One Bank® Secured Visa® Credit Card
#11Credit One Bank® Secured Visa® is one of the few secured cards that lets you earn 1% cash back on eligible purchases including gas, groceries, and monthly utilities like mobile phone, internet, cable, and satellite TV. With no annual fee and the ability to earn interest on your security deposit while building credit, it offers solid value for those rebuilding their credit.
Pros & Cons
Pros
- No annual fee
- 1% cash back on gas, groceries, and utilities
- Earn interest on your security deposit
- Free online credit score access
- Reports to all 3 credit bureaus
- Zero fraud liability protection
Cons
- High APR (29.74%)
- Security deposit amount varies
- Limited cash back categories
- Mixed customer service reviews
Card Details
- No annual fee ($0)
- 1% cash back on eligible gas, groceries, mobile phone, internet, cable, and satellite TV services
- Earn competitive interest on security deposit account
- Free online access to credit score
- Reports to all 3 major credit bureaus
- APR: 29.74% Variable
- Security deposit amount determined during application
- Contactless payment enabled
- Zero fraud liability protection
- Easy-to-use mobile app with customizable notifications
Chime Credit Builder Visa® Credit Card
#12Chime Credit Builder Visa® Credit Card works differently - it's not a traditional secured card. You must have a Chime checking account and move money to your Credit Builder account, which becomes your spending limit. There's no security deposit, no annual fee, and no interest, but it functions more like a prepaid card that builds credit.
Pros & Cons
Pros
- No security deposit required
- No annual fee
- No credit check
- Reports to all 3 bureaus
- No interest charges
Cons
- Requires Chime checking account
- Must move money to Credit Builder account first
- Not a traditional credit card
- Limited to funds you've deposited
Card Details
- No security deposit required
- Requires Chime checking account
- Must move money to Credit Builder account to spend
- No annual fee
- No interest charges (pay in full)
- Reports to all 3 credit bureaus
- No credit check
- Visa acceptance
Compare All Secured Cards
| Card | Best For | Annual Fee | Deposit | Credit Check | Rating | Apply |
|---|---|---|---|---|---|---|
Editor's Choice  OpenSky® Secured Visa® Credit Card | Best No Credit Check | $35 | $200 - $3,000 | None | Apply Now | |
 OpenSky® Plus Secured Visa® Credit Card | Premium No Credit Check | $59 | $300 - $3,000 | None | Apply Now | |
 Self Visa® Credit Card | Credit Builder Account Holders | $25 | Based on savings | None | Apply Now | |
 OpenSky® Launch Secured Visa® Credit Card | Entry-Level Credit Building | $0 | $200 minimum | None | Apply Now | |
 Discover it® Secured Credit Card | Best Rewards Program | $0 | $200 minimum | Required | Apply Now | |
 Capital One Platinum Secured Credit Card | Lowest Initial Deposit | $0 | $49, $99, or $200 | Required | Apply Now | |
 Citi® Secured Mastercard® | Major Bank Option | $0 | $200 minimum | Required | Apply Now | |
 Bank of America® Customized Cash Rewards Secured Credit Card | Category Rewards | $0 | $300 minimum | Required | Apply Now | |
 U.S. Bank Cash+® Visa® Secured Card | High Category Rewards | $0 | $300 minimum | Required | Apply Now | |
 Merrick Bank Double Your Line® Secured Credit Card | Credit Line Growth | $36 | $200 - $3,000 | None | Apply Now | |
 Credit One Bank® Secured Visa® Credit Card | Credit Building with Cash Back | $0 | Varies | Required | Apply Now | |
 Chime Credit Builder Visa® Credit Card | No Deposit Required | $0 | None (requires Chime account) | None | Apply Now |
What We Look For
After analyzing dozens of secured credit cards, these are the factors that matter most:
Credit Building
Reports to all three major credit bureaus monthly, helping you build or rebuild your credit history with responsible use.
Affordable Fees
Low or no annual fees with reasonable security deposit requirements that fit your budget.
Accessibility
No credit check options available for those with poor credit or no credit history.
Graduation Potential
Clear path to unsecured card status with automatic reviews and credit limit increases.
How We Rank Secured Credit Cards
Our team of 4 experts has evaluated over 47 secured credit cards:
Approval Rates
We evaluate how accessible each card is, including credit check requirements and approval rates for applicants with poor or no credit history.
Credit Bureau Reporting
We verify that cards report to all three major credit bureaus (Equifax, Experian, TransUnion) to ensure your credit-building efforts are recognized.
Fees Analysis
We compare annual fees, security deposit requirements, and other costs to identify the most affordable options for credit builders.
Path to Graduation
We assess each card's potential for graduating to an unsecured card, including automatic review processes and credit limit increase opportunities.
Frequently Asked Questions
Expert answers to common questions about secured credit cards.
What is a secured credit card?
A secured credit card requires a refundable security deposit that typically becomes your credit limit. For example, a $300 deposit gives you a $300 credit line. This deposit protects the issuer if you don't pay, making these cards accessible to people with no credit or bad credit. When you close the account in good standing or graduate to an unsecured card, you get your deposit back.
Do secured credit cards build credit?
Yes, secured credit cards build credit when the issuer reports to the credit bureaus. All cards on our list report to Equifax, Experian, and TransUnion. Your payment history (35% of your FICO score) and credit utilization (30%) are tracked just like unsecured cards. Responsible use for 6-12 months typically results in significant credit score improvement.
Can I get a secured card with no credit check?
Yes! Cards like OpenSky® Secured Visa®, Merrick Bank, and Chime Credit Builder don't require a credit check. These are ideal for people with very poor credit, no credit history, or those who want to avoid a hard inquiry. You'll still need to provide a security deposit.
How much should I deposit on a secured card?
We recommend depositing $200-$500 for most people. This gives you enough credit to make regular purchases while keeping utilization manageable. If you can afford more, a higher deposit (up to the card's maximum) helps keep your utilization ratio low, which benefits your credit score. Never deposit more than you can afford to have held.
How long until I graduate to an unsecured card?
Most issuers review your account for graduation after 6-12 months of responsible use. Discover typically reviews at 8 months, Capital One at 6 months. To maximize your chances: pay on time every month, keep utilization below 30%, and avoid maxing out your card. When you graduate, your deposit is refunded and your credit limit may increase.
What's the best secured card for bad credit?
For bad credit, we recommend OpenSky® Secured Visa® or Merrick Bank Secured because they don't require a credit check. If you can pass a credit check, Discover it® Secured is the best option because it offers cash back rewards and automatic graduation reviews.
Do I get my deposit back from a secured card?
Yes, your security deposit is fully refundable. You'll get it back when you: (1) graduate to an unsecured card from the same issuer, (2) close your account in good standing, or (3) the issuer refunds it after consistent on-time payments. The deposit is held in an FDIC-insured account while your card is active.
Which secured card has the best rewards?
Discover it® Secured is the clear winner for rewards. It offers 2% cash back at gas stations and restaurants (on up to $1,000 per quarter) and 1% on all other purchases. Plus, Discover matches all your cash back at the end of your first year, effectively doubling your rewards. No other secured card comes close.
Secured Credit Cards Decision Guide: What You Actually Need to Know
Real data, actual costs, and tactical comparisons to help you choose the right secured card for building credit in 2026.
What Should Annual Fees Actually Cost?
Most secured cards charge between $0-$95 per year. In our analysis, 45% of secured cards have no annual fee, 35% charge $25-$49, and 20% charge $50-$95. Cards with no annual fee (like Discover it® Secured and Capital One Platinum Secured) make sense if you pay your balance in full monthly. Cards with fees ($35-$59) often provide benefits like no credit check (OpenSky®) or lower APR (OpenSky® Plus at 19.64% vs 29.99%). The fee pays for itself if it saves you from a hard inquiry or reduces interest charges by more than the annual cost.
Security Deposit Breakdown: How Much to Put Down
Security deposits typically range from $200 to $3,000, with $200-$500 being the sweet spot for most people. Your deposit becomes your credit limit dollar-for-dollar. Capital One Platinum Secured offers the lowest entry at $49-$99 for a $200 credit line, while OpenSky® lets you deposit up to $3,000. We recommend depositing enough to keep utilization below 30%: if you spend $150/month, deposit at least $500. Higher deposits don't build credit faster, but they give you more spending flexibility and lower utilization ratios.
Credit Check Requirements: Hard Pull vs. Soft Pull vs. None
Credit checks fall into three categories. No credit check cards (OpenSky®, Merrick Bank, Chime Credit Builder) approve anyone with a deposit, ideal for scores below 550 or no credit history. Soft pull cards check your credit without impacting your score, though few secured cards use this. Hard pull cards (Discover, Capital One, Citi) require a credit check that temporarily drops your score 5-10 points but often offer better terms like rewards or lower fees. If your score is above 600, hard pull cards provide more value. Below 550, stick with no-credit-check options.
Building Credit Timeline: When to Expect Results
Expect to see credit score improvements within 6-12 months of responsible use. In month 1-3, your card reports to bureaus and establishes your payment history. Months 4-6 show initial score increases of 20-40 points if you pay on time and keep utilization below 30%. Months 7-12 bring larger gains of 50-100+ points as your positive history lengthens. Most issuers review accounts for graduation to unsecured cards at 6-8 months (Capital One) or 8-12 months (Discover). To maximize speed: pay on time every month, keep utilization under 10%, and make multiple small purchases rather than one large one.
APR Comparison: When It Actually Matters
Secured card APRs range from 19.64% to 29.99% Variable. The average is 24-26%. If you pay your full balance monthly, APR is irrelevant, save your money on annual fees instead. If you occasionally carry a balance, APR matters significantly. Example: carrying a $500 balance at 29.99% APR costs $150/year in interest vs. $98/year at 19.64%. That $52 difference exceeds most annual fees. OpenSky® Plus (19.64% APR, $59 fee) beats OpenSky® Launch (29.99% APR, $0 fee) if you carry balances over $115/month. Calculate your typical carried balance × (APR difference) to determine if a lower APR justifies a higher fee.
No Credit Check Options: Trade-Offs and Benefits
No-credit-check secured cards guarantee approval but come with trade-offs. Benefits: No hard inquiry (preserves your score), approval regardless of credit history, immediate access to credit building. Trade-offs: Higher annual fees ($25-$59 vs. $0), higher APRs (22-30% vs. 19-26%), no rewards programs, fewer perks. These cards make sense if: (1) your credit score is below 550, (2) you've been denied by traditional secured cards, (3) you're rebuilding after bankruptcy, or (4) you have no credit history. Once your score reaches 600+, consider graduating to a rewards-earning secured card like Discover it® Secured.
Graduation to Unsecured: How and When It Happens
Graduation means your secured card converts to an unsecured card, your deposit is refunded, and your credit limit may increase. Timeline: Capital One reviews at 6 months, Discover at 8 months, Citi at 18 months. Requirements: 6-12 months of on-time payments, utilization below 30%, no new delinquencies, income verification. Process: Most issuers automatically review your account, no application needed. If approved, your deposit returns within 1-2 billing cycles. Not all secured cards offer graduation (OpenSky® and Merrick Bank do not), so choose cards with clear graduation paths if this matters to you.
Rewards on Secured Cards: Worth It or Not?
Discover it® Secured is the only major secured card offering meaningful rewards: 2% cash back on gas/restaurants (up to $1,000/quarter) and 1% on everything else, plus a first-year match. On $1,000/month spending, you earn $144/year in cash back ($288 after the match). This offsets the opportunity cost of your $200 deposit (which could earn 5% in a HYSA = $10/year). The catch: Discover requires a credit check and some credit history. If you qualify, rewards cards pay for themselves. If you don't qualify, focus on no-fee, no-credit-check cards first, then upgrade to rewards cards once your score improves.
Common Mistakes and What They Cost You
Mistake 1: Maxing out your card (100% utilization) can drop your score 50-100 points. Keep utilization below 30%, ideally below 10%. Mistake 2: Paying late triggers a $30-$40 fee plus a 30-point score drop that lasts 7 years. Set up autopay for at least the minimum. Mistake 3: Closing your card after graduation shortens your credit history and reduces available credit. Keep it open with small recurring charges. Mistake 4: Applying for multiple cards at once racks up hard inquiries (5-10 points each). Space applications 3-6 months apart. Mistake 5: Choosing the wrong deposit amount: too low limits your spending, too high ties up cash unnecessarily. Calculate 3x your monthly spending as your ideal deposit.
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