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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 Applied Bank™ Secured Visa® Credit Card as our favorite Secured credit card.

  • Applied Bank™ Secured Visa® Credit Card Apply online for Applied Bank™ Secured Visa® Credit Card
    • NO Income Requirements
    • Apply now at the the card issuer's website.
Intro APR Regular APR Annual Fee Credit Needed
No Introductory Rate Available 9.99% Fixed $50 None

Applied Bank™ Secured Visa® Gold Card

  • Applied Bank™ Secured Visa® Gold Card Apply online for Applied Bank™ Secured Visa® Gold Card
    • NO Income Requirements
    • Apply now at the the card issuer's website.
Intro APR Regular APR Annual Fee Credit Needed
No Introductory Rate Available 9.99% Fixed $50 Good

Bank of America Secured Visa® Card

  • Bank of America Secured Visa® Card Apply online for Bank of America Secured Visa® Card
    • Card issued by FIA Card Services, N.A.
    • Apply now at the Bank of America website.
Intro APR Regular APR Annual Fee Credit Needed
0% APR for 12 Billing Cycles Varies $29 Very Good

Orchard Bank MasterCard® Secured

  • Orchard Bank MasterCard® Secured Apply online for Orchard Bank MasterCard® Secured
    • Complimentary Online Services for Account Management and Payment
    • Apply now at the the card issuer's website.
Intro APR Regular APR Annual Fee Credit Needed
n/app Varies $35 None

New Millennium Bank Secured Gold Visa® / MasterCard®

Intro APR Regular APR Annual Fee Credit Needed
No Introductory Rate Available 19.5% Fixed $59 Good

New Millennium Bank Secured Black Diamond Visa®/MasterCard®

Intro APR Regular APR Annual Fee Credit Needed
No Introductory Rate Available 19.5% Fixed $59 Good

New Millennium Bank Secured Platinum Visa®/MasterCard®

  • New Millennium Bank Secured Platinum Visa®/MasterCard® Apply online for New Millennium Bank Secured Platinum Visa®/MasterCard®
    • Credit Amount Equals the Deposit
    • Apply now at the New Millennium Bank website.
Intro APR Regular APR Annual Fee Credit Needed
No Introductory Rate Available 19.5% Fixed $59 Very Good