Compare Secured Credit Cards
Normally in tow with a nominal fee, secured credit cards are ideal for those with little or no credit. They work in much the same way as prepaid cards, whereby a card is ‘secured’ with a form of collateral (in most cases a cash deposit).New Millennium Bank Platinum Visa® or MasterCard®
- Reports to ALL 3 Bureaus
- No Credit Check
- Be Approved Regardless of Credit History
- Special High Introductory Savings Rate
- Bonus $3,000 credit line with My Computer Club
* Terms and conditions apply
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| N/A | N/A | $59 Annually | See Terms* | Bad |
First Option Visa®
- Get a REAL Visa® Credit Card!
- Up to $5,000.00 Secured Line of Credit!!
- Be Approved Regardless of Credit History or Income!!!
- Guaranteed Approval!
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| N/A | N/A | $59 | N/A | Bad |
Next Millennium MasterCard®
- No credit check*
- Approved regardless of credit history
- Secured credit limit of up to $5,000.00
- Get cash at over 740,000 ATMs
- Accepted wherever MasterCard® is accepted
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| N/A | N/A | $59 | N/A | Bad |
UltraVX Visa®
- Credit-On Demand™: up to $25,000 credit line—Patent Pending
- Instant Approval: no credit check, no minimum income or bank account required
- Credit Reporting: reports to major credit bureaus
- Clear Rewards™: American Airlines, Southwest, jetBlue, Marriot, and more…no restrictions!
- Powerful Account Features: direct deposit, bill pay, free alerts, add cash instantly at 100,000 retail locations nationwide
| Intro APR | Intro Period | Regular APR | Annual Fee | Balance Transfer | Credit Needed |
| * | * | See Terms* | See Terms* | Bad |
FAQs on secured Credit Cards
Where can one get a Secured Credit Card?
Many of the nation’s credit unions give their members the option to apply for one, which comes with lower interest rates.
Will I need to make a deposit?
Yes you will and this varies significantly, but could range from between £300 to $500.
How will getting a Secured Credit Card help me build my credit rating?
They require a disciplined approach, so should not be used to carry any balance. Secured Credit Cards also help ensure you never spend more than you can afford, which over time and if managed competently should help improve your credit score.
