The Best Secured Credit Cards of 2022

Carrying a balance on your credit card can lead to significant interest charges over time. Credit cards with 0% APR and a low rate every day are a great option for both consumers and businesses.

Best for: Graduating to Unsecured Credit

Take the first steps towards unsecured credit with the Merrick Bank Double Your Line® Secured Credit Card. Double your $200 credit line by making at least your minimum payment on time each month for the first 7 months your account is open

Unlike a debit card or a pre-paid card, Merrick Bank helps build your credit history with payment history reporting to all three major credit-reporting agencies. Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds

new surge secured 224x141

Best for: Cash Back Rewards

The Surge Platinum Secured Mastercard® is a secured credit card that offers rewards – and the ability to build credit – in one package. The card differs from most secured cards on the market in that cardholders earn 1% cash back rewards on every purchase and can help users build their credit score at most places in the United States where Mastercard is accepted. Secured credit cards are a great way to repair damaged credit and establish a good credit score through on-time payments and responsible credit use.

self visa credit card

Best for: Establishing Credit

Take control of your credit with Self Visa. The Self Visa Credit Card is a secured card designed to help build credit – fast. The Self Visa® Credit Card is a secured credit card that pairs with an existing Self Credit Builder Account. The card has no formal approval process. Instead, hopeful consumers simply need to open a Self account and save over $100 to fund the secured Visa account.

Once you’ve opened a Credit Builder Account, you can use the payments you’re already making to fund the security deposit for a credit card. When paired together, both can be a powerful tool to build your credit.


Best for: New to Credit

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 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.

Best for: All Around

The Merrick Bank Classic Secured Mastercard was created with you in mind. Choose your own credit line based on how much money you want to put down as a security deposit. Initial deposits can be from $200 to $3,000. Enjoy Mastercard benefits like $0 Fraud Liability, free FICO Score access, and reviews for periodic credit line increases (with no added deposits required)


Best for: Establishing Credit

The Chime Credit Builder Visa® Secured Credit Card is a credit-builder product from Chime. Chime thinks your account shouldn’t cost you money – that’s why Chime has no hidden fees. Enjoy no fees on minimum balances, monthly account servicing, foreign transactions, or transfers. 

Payments with the Chime Credit Builder Visa are automatically made with the funds in the Chime savings account, meaning users never have to worry about late fees or missed payments – their credit limit is their credit-builder account balance. If you add money to your credit builder account you can raise your credit limit – it’s that easy. This process means users can expect their FICO credit score to rise as much as 30 points, on average.

applied bank secured visa gold preferred credit card

Best for: Low Rate

The Applied Bank® Secured Visa® Gold Preferred® Card offers those with limited credit history the chance to receive a full-fledged Visa credit card with no credit check. The card also boasts an impressively low 9.99% fixed APR on purchases and cash advances. 


Best for: Smallest Initial Deposit

The First Latitude Platinum Mastercard® Secured Credit Card avoids bells and whistles, instead providing an all-around excellent secured card for people serious about building credit. First Latitude’s minimum-security deposit is lower than with most other cards, and the everyday APR is highly competitive. Add to that a decent $25 annual fee for the first year ($35 after that) and this is a robust secured card that can help you build a positive credit history with financial responsibility and regular payments.

Best for: Rebuilding Credit

Plains Commerce Bank understands that establishing a positive credit history is important. That’s why it offers the PCB Secured Visa® Card. The PCB Visa provides low deposit requirements, a low, fixed APR of 18.9% on purchases, and monthly reporting to all three major credit bureaus.  All of these features make the PCB Visa an excellent secured credit card for those looking to boost their score.

The First Progress Secured Mastercard is a full-featured secured credit card with credit limits up to $2,000. With no upfront credit check or history required, there’s no need to worry about hurting your score before you even get started. Check out the different version of the First Progress Card below.

First Progress Platinum Prestige Mastercard® Secured Credit Card

Platinum Prestige

13.74% variable APR

$49 annual fee

first progress platinum select mastercard secured card

Platinum Select

17.74% variable APR

$39 annual fee

first progress paltinum elite masterc

Platinum Elite

23.74% variable APR

$29 annual fee

This post may contain links from partner offers, and we may receive compensation when you click on links to these offers. Please see our advertiser and editorial disclosures above for more information. Citi is an advertising partner.

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.

Get the Best Credit Card Content in Your Inbox

Sign up for our newsletter to receive the latest credit card articles and news so you can stay on top of your financial wellbeing.