What Banks Have a Secured Credit Card and How to Get One

If you're looking to establish or rebuild credit, a secured credit card can be a great option. Many banks offer secured credit cards, but not all of them are created equal.

Some of the banks that have a secured credit card include Bank of America, Capital One, and Wells Fargo. These banks offer a range of benefits, such as reporting to all three major credit bureaus and offering cash back rewards.

To get a secured credit card, you typically need to make a security deposit, which becomes your credit limit. For example, if you deposit $500, your credit limit will be $500. This deposit is usually refundable when you close the account or upgrade to an unsecured credit card.

Several major banks offer secured credit cards, making it easier to find one that fits your needs. Bank of America, for example, offers the BankAmericard Secured Credit Card, while Capital One offers the Capital One Platinum Secured Credit Card.

Other banks that offer secured credit cards include Citibank, PNC Bank, Truist Bank, USAA, and U.S. Bank. These banks offer a range of benefits and features, so it's worth doing some research to find the one that's right for you.

Here are some of the banks that offer secured credit cards:

The Capital One Secured Credit Card is a type of credit card that reports to the three major credit bureaus, allowing you to build your credit with responsible use.

Unlike prepaid cards, a secured credit card is an actual credit card that can help you build your credit, but prepaid cards are more like debit cards and cannot help you build your credit.

Secured credit cards like the Capital One Secured Credit Card are a great option for people who need to establish or rebuild their credit.

If you're not satisfied with the options from Bank of America and Discover, there are other banks that offer secured credit cards.

Capital One offers a secured credit card with a credit limit ranging from $49 to $1,000, depending on your creditworthiness.

Bank of America's secured credit card has a $0 annual fee, but Capital One's secured credit card has a $49 annual fee.

Discover it Secured has no annual fee, but it does require a security deposit that's refundable when you close the account or upgrade to an unsecured credit card.

Capital One's secured credit card reports to all three major credit bureaus, which can help you build credit.

If you're looking for a secured credit card with a low deposit, the Capital One Platinum Secured Credit Card is a great option. You can put down as little as $49, $99, or $200 for a $200 credit line, which can make the card partially secured.

Your credit score plays a big role in determining the deposit amount. The higher your credit score, the more likely you are to be assigned one of the lower deposit amounts.

The Capital One Platinum Secured Card has a $0 annual fee, making it a relatively cheap option. Most other secured cards don't offer the same level of affordability.

If you're looking for a high limit secured credit card, there's good news: you can get a limit of up to $25,000 with a matching security deposit.

The NIH Federal Credit Union Platinum Secured Card is a top pick, offering a limit of up to $25,000 with no annual fee. You can even qualify for credit union membership by joining the American Consumer Council for free.

One of the best things about the NIH Federal Credit Union Platinum Secured Card is that anyone can qualify for it, even with bad credit. It's a great option if you're looking to build or repair your credit.

If you're not a fan of the NIH Federal Credit Union Platinum Secured Card, there are other options available. The First Tech Federal Credit Union Platinum Secured Mastercard is another high limit secured credit card that's worth considering.

Here are some other high limit secured credit cards to look into:

Some of the other banks that offer secured credit cards include Capital One, Citi, U.S. Bank, Wells Fargo, Merrick Bank, Bank of America, and USAA.

Building credit can be a challenge, but there are ways to get started. One option is to use a secured credit card, which can help you establish or rebuild your credit history.

Secured credit cards are offered by many banks, including Bank of America, Capital One, and Citibank. These banks have specific secured credit card options, such as the BankAmericard Secured Credit Card and the Capital One Platinum Secured Credit Card.

If you're new to credit or have a poor credit history, a secured credit card can be a good starting point. By making regular payments, you can demonstrate responsible credit behavior and improve your credit score over time.

Some banks, like PNC Bank and USAA, offer secured credit cards with relatively low fees and flexible terms. It's essential to choose a secured credit card that fits your needs and budget.

Here are some banks that offer secured credit cards:

It's worth noting that not all banks offer secured credit cards. If you're looking for an alternative, consider reaching out to smaller banks or credit unions, such as Capital Bank, First Progress, or Applied Bank.

A secured credit card is a great option for those who want to build credit, and there are two main types to consider: credit-builder cards and secured cards. Credit-builder cards are designed to help you build credit from scratch, but they often require a deposit and may have higher fees.

Secured cards, on the other hand, are actual credit cards that report to the three major credit bureaus, allowing you to build credit with responsible use. They require a deposit, which becomes your credit limit, but they work like a regular credit card.

Unlike prepaid cards, secured cards can help you build credit because they report to the major credit bureaus, providing a way to establish a positive credit history.

The Capital One Platinum Secured Credit Card offers a $0 annual fee, which is a huge advantage for those looking to rebuild their credit without extra costs.

You may be able to put down as little as $49 to get a $200 credit line, making it a relatively cheap secured credit card option.

The higher your credit score is, the more likely you are to be assigned one of the lower deposit amounts, which can be a big plus for those with good credit.

Earning cash back is a great way to save money on your everyday purchases. You can earn up to 5% cash back on two categories you choose each quarter.

With this card, you can earn 2% cash back on one everyday category, like gas stations or grocery stores. This can really add up over time, especially if you use your card for regular expenses like groceries or gas.

Earning 1% cash back on all other eligible purchases is still a decent rate, and can help you save money on your non-essential purchases.

The card rates are quite competitive, with a low annual percentage rate (APR) of 12.99% that applies to purchases, balance transfers, and cash advances. This rate is significantly lower than the average credit card APR.

You can enjoy a 0% introductory APR for 6 months on purchases and balance transfers, which can be a huge help if you're looking to make a large purchase or consolidate debt. This promotional period gives you time to pay off your balance without incurring interest charges.

The regular APR of 12.99% is still relatively low, especially compared to other credit cards on the market. This means you'll save money on interest charges over time.

The card also offers a 3% balance transfer fee, which is a bit higher than some other credit cards. However, this fee is still competitive and can be a good option if you need to transfer a large balance.