The Best Secured Credit Cards

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Last updated on September 1st, 2023

Secured credit cards offer one of the best ways to build a positive credit history. Because secured cards require a security deposit to open, they are easier to receive than unsecured credit cards for people with bad credit. Before applying for a new card, make sure you study your options to ensure you get the best credit card for your unique needs. Here are some of the best secured credit cards for improving bad credit – or no credit history.

Best Credit Card with No Credit Check

One of the biggest challenges consumers face when applying for a credit card is the credit check. While secured credit cards require a cash deposit to open, they aren’t always a guaranteed approval – which can deter many people from applying. Fortunately, there are several excellent secured cards that don’t require a credit check.

OpenSky® Secured Visa®

OpenSky® Secured Visa®
Poor-No Credit Required
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Poor / No Credit Required
Visa Processing Network
$35 Annual Fee

OpenSky® Secured Visa®

  • 25.64% (variable) Regular Purchase APR
  • 25.64% (variable) Cash Advance APR

At a Glance

The OpenSky® Secured Visa® is a secured credit card that offers requires a low minimum deposit and features no credit checks for approval. The card, issued by Capital Bank, provides an easy route to better credit by offering credit limits as low as $200, a moderate fixed-rate APR, and a reasonable $35 annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Limited Time Offer: $51 funding voucher applied for all new accounts. Get a $200 credit line for $149. Click “Apply Now” to see additional terms and conditions.
  • No credit check to apply. Zero credit risk to apply!
  • Looking to build or rebuild your credit? 2/3 of cardholders receive a 48+ point improvement after making 3 on-time payments
  • Extend your $200 credit line by getting considered for an unsecured credit line increase after 6 months – no additional deposit required!
  • Get free monthly access to your FICO score in our mobile application
  • Build your credit history across 3 major credit reporting agencies: Experian, Equifax, and Transunion
  • Add to your mobile wallet and make purchases using Apple Pay, Samsung Pay and Google Pay
  • Fund your card with a low $200 refundable security deposit to get a $200 credit line
  • Apply in less than 5 minutes with our mobile first application
  • Choose the due date that fits your schedule with flexible payment dates
  • Fund your security deposit over 60 days with the option to make partial payments
  • Join over 1.2 million cardholders who’ve used OpenSky to build their credit
  • Regular Purchase APR: 25.64% (variable)
  • Cash Advance APR: 25.64% (variable)
  • Cash Advance Transaction Fee: Either $6 or 5% of the amount of each cash advance, whichever is greater.
  • Annual Fee: $35
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $25
  • Minimum Deposit Required: $200
  • You’re struggling to get accepted for other secured credit cards
  • You don’t have a credit history
  • You have bad credit and want to improve your credit score
  • You have a large deposit and want a quick pick-me-up for their credit score
  • You want access to a useful knowledge base of credit information and resources

The OpenSky Visa is one of the best secured credit cards on the market – and it is easy to see why. One reason why is because OpenSky requires no credit check. The card’s application process is straightforward and takes just a few minutes. Decisions are equally quick, making the entire process fast and painless.

The OpenSky credit education hub offers a range of articles on building credit, making it a useful partner in building up credit knowledge. These topics include how to receive a free copy of your credit score, how credit scores are calculated, tips on boosting credit, and other advice related to the OpenSky card.

Other reasons to consider the OpenSky Visa include the relatively low minimum deposit required and regular reporting to the three major credit bureaus (Equifax, Experian, and TransUnion.

Other Secured Cards with No Credit Check

First Progress Platinum Select Mastercard®

First Progress Platinum Elite Mastercard®

Chime Credit Builder Visa® Secured Card

Self Visa® Secured Credit Card
$39 annual fee $29 annual fee $0 annual fee $25 annual fee
No Credit History or Minimum Credit Score Required for Approval No Credit History or Minimum Credit Score Required for Approval No annual fee or interest Get the savings plan that helps build credit today
No credit check is required! No credit check is required! No credit check is performed when applying Start with a Credit Builder Account that reports monthly payments to all 3 major credit bureaus
Full-Feature Platinum Mastercard® Secured Credit Card. Full-Feature Platinum Mastercard® Secured Credit Card. No minimum security deposit is required No credit score is needed to get started
Good for Car Rental, Hotels, and Anywhere Credit Cards Are Accepted! Good for Car Rental, Hotels, and Anywhere Credit Cards Are Accepted! Ideal for everyday purchases to help build credit with regular on-time payments Your money is secured and protected in a bank account

Low APR Secured Cards

One of the great features of secured credit cards is that they typically feature a lower purchase APR than credit cards for fair (or average) credit.  According BestCards statistics, the average APR for  Sa secured card is currently around 18%, while the average rate for a credit card for average credit is around 26%. The reason for secured credit cards offering lower rates is because the security despot requirement makes the cardholder less of a risk to lenders than the holder of an unsecured credit card.

Despite the decent rates many secured cards offer, maybe you are looking for an easy credit card with a low APR? Don’t worry – there are several excellent credit card options that offer the easy application of a secured card and the low interest rates that make carrying a balance a breeze!

First Progress Platinum Prestige Mastercard®

Applied Bank Secured Visa® Gold Preferred®
A discharged bankruptcy still in your credit bureau file will not cause you to be declined Absolutely No Credit Check or Minimum Credit Score Required
Quick and Complete Online Application; No credit inquiry required! Automatic Reporting to All Three National Credit Bureaus
Monthly Reporting to all 3 Major Credit Bureaus Activate Today with a $200 Minimum Deposit – Maximum $1,000
Earn 1% cash back rewards *

Despite the decent rates many secured cards offer, maybe you are looking for an easy credit card with a low APR? Don’t worry – there are several excellent credit card options that offer the easy application of a secured card and the low interest rates that make carrying a balance a breeze!

Editorial Disclosure – The opinions expressed on's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.

About: Cory Santos
Cory Santos

Cory is the senior credit card editor at BestCards, specializing in everything credit card-related. He’s worked extensively with credit cards and other personal finance topics, including nearly five years at BestCards. Cory’s extensive knowledge is an essential part of the BestCards experience, helping readers to live their best financial lives with up-to-date insights and comprehensive coverage of all facets of the credit card space, including market trends, rewards guides, credit advice, and comprehensive credit card reviews.

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.