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Secured Credit Cards

Secured credit cards are issued to people with bad or no credit. In order to use a secured card, you must first deposit money into your card's account. Only then will you be able to spend with the card. The credit card companies see this as a means to protect themselves from high-risk customers. In turn, customers use secured cards to repair their credit scores and to purchase things that otherwise wouldn't be available to them without a credit card. Making a hotel reservation, for instance, requires a major credit card number.

Credit Panda's Recommended Credit Card

Credit Panda recommends Platinum Zero® Secured Visa® Credit Card from Applied Bank® as our favorite Secured credit card.

  • Platinum Zero® Secured Visa® Credit Card from Applied Bank® Apply online for Platinum Zero® Secured Visa® Credit Card from Applied Bank®
    • ZERO Delays - Timely CREDIT Bureau Reporting
    • Apply now at the the card issuer's website.
Intro APR Regular APR Annual Fee Credit Needed
No Introductory Rate Available 0% Fixed $0 Very Good

Applied Bank® Secured Visa® Credit Card

  • Applied Bank® Secured Visa® Credit Card Apply online for Applied Bank® Secured Visa® Credit Card
    • Accepted Worldwide at Millions of Locations
    • Apply now at the the card issuer's website.
Intro APR Regular APR Annual Fee Credit Needed
No Introductory Rate Available 12.99% Fixed $50 None

Public Savings Bank Classic Secured VISA Card

  • Public Savings Bank Classic Secured VISA Card Apply online for Public Savings Bank Classic Secured VISA Card
    • No Checking Account Required
    • Apply now at the the card issuer's website.
Intro APR Regular APR Annual Fee Credit Needed
0% APR for 6 Months 11.24% Variable $0 None