What are the Best Rated Secured Credit Cards?

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Secured Credit Card Reviews:
The Best Rated Secured Credit Cards can be an excellent way to build up or rebuild your credit score aka credit rating if you have no credit or your credit rating is bad (below 650- click here to learn more about what a credit score is and tips and improving your score). If you don’t know your credit rating, see no strings attached free offer below.
But like all financial products, not all secured cards are equal. Look below for a list of The Best Rated Secured Credit Cards – credit building cards aka secured cards to find one that not only helps you build or rebuild your credit (click for tips on using a secured card) but also treats you well along the way.
Important Consumer Note!
It is important to know your credit score before you apply for a secured credit card or any credit card for that matter. Knowing your score will help you know what kind of card you can most likely get approved for and it’s also helpful to know your score when you get a secured card and then check it again in 6 months (after approval) to see how much your score has improved.
Capital One® Secured Mastercard® (Editor’s Pick)

No annual fee (unlike almost all prepaid cards), and all the credit building benefits with responsible card use.
26.99% APR (interest rate)
Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
Easily manage your account 24/7 with online access, by phone or using our mobile app
It’s a credit card accepted at millions of locations worldwide
Click here for full review
Editor’s Rating (Advertiser)

Secured cards Rating
Discover Card
Discover it® Secured

No annual fee or monthly fees (almost all prepaid cards charge monthly fees)- 24.49% APR (interest rate)
It’s a real credit card. You can improve your credit with the three major credit bureaus (prepaid debit cards don’t help your credit).
Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score.
Establish your credit line by providing a refundable security deposit from $200-$2500 after being approved. Bank information must be provided when submitting your deposit.
Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
Editor’s Rating- Non Advertiser

Secured cards Rating
Build credit without a credit card and without a credit score- no credit history is required to get approved (please be advised that a few secured credit cards can reject your application). And you will save money while your building credit.
Self Lender is a new award-winning program that you can get started with for as little as $25 per month- you do NOT have to put up a $200 security deposit like you do with a secured credit card.

(Sponsor Link)

OpenSky® Secured Visa® Credit Card

Build Your Credit, with monthly updates to all 3 credit bureaus
$35 Annual Fee/ 18.89% APR (interest rate)
Control Your Finances, start with a security deposit and credit line as low as $200
Apply in less than 5 minutes, NO credit check necessary
Avoid paying interest, no interest charged on new purchases if the balance is paid in full by the due date each month.
99% of customers who started without a FICO score earned a score record with the bureaus in as little as 6 months.
Easy funding options, with 4 ways to fund and NO checking account needed
Click here for full review.
Editor’s Rating – Advertiser

Secured cards Rating
More Info
At Capital Bank’s secure site

DCU Visa Platinum Secured Credit Card
Milestone Gold MasterCard
Secured card rates well below the national average
Borrow against your DCU savings account
No Annual Fee- 13.00% APR (interest rate)
This is a credit union card, so you have to join first before you apply.
No Fees or Higher Rates for Cash Advances and Balance Transfers
Insurance, car rental, travel, and warranty benefits
Optional Overdraft Protection On Your DCU Checking
Buy online easily and safely with Visa Checkout
Click here for full review.
Editor’s Rating – Non Advertiser

4.5 Stars
More Information
US Bank Harley Davidson Secured Visa
HDSecured Reviews
No Annual Fee- 24.49% APR (interest rate)
Earn one H-D™ Genuine Rewards point for every $1 in net purchases.
Redeem 2,500 points for a $25 H-D™ Gift Card.
You could win a new motorcycle with the H-D™ Visa Free Ride Sweepstakes.
Receive a $10 H-D™ Genuine Rewards Certificate.
Zero Fraud Liability
Fraud Protection
Auto Rental Collision Damage Waiver
Free Online Banking
Automatic Bill Pay
Click here for full review.
Editor’s Rating- Non Advertiser

Secured Card HDSecured Reviews
[box_success] Wouldn’t it be great if you could just wave a magic wand and instantly earn a great credit score, the type that has banks and others drooling to lend you money? Sadly, life just isn’t that easy. To get the sort of score that has real benefits (ie. saves you lots of money on your mortgage and car payments) requires a clean track record of paying off your debts on time. One of the best ways to build or rebuild credit is to apply for and responsibly use a secured credit card (click to learn how secured cards build credit). Want to review more offers? Click here for more secured credit card reviews. [/box_success]

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If you are a member of the military, click here for exclusive credit building card offers!
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For up to date information, news and commentary on secured cards and related personal finance topics, check out our Credit Building Cards News section.