There are many options for secured credit cards with flexible terms and higher cashback rates if you're searching for one. Many of these cards come with lenient underwriting standards, and some are available without credit checks. As long as you can afford the security deposit, you should be approved. You will not be able to secure your card if you don't pay the high annual fee or APR.
Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver secured cash reward credit card is a great choice for those with poor credit. A $200 deposit is required by applicants in order to be eligible for a higher credit line. This will happen within six months. Capital One will review your credit limit and consider increasing it automatically after six consecutive months of making on-time payments. The card has a low annual fee, a low interest-rate, and carries a small minimum balance.
The rewards program is another great feature of Capital One Quicksilver Secured cash Reward Credit Card. You can get a 5% cashback when you purchase at Capital One Travel. Unlimited 1.5% cashback is available on all other purchases. This feature makes Capital One Quicksilver secured cash rewards credit card one of the most distinctive among secured credit cards. The card offers more than just earning points. It also has other benefits such as zero fraud liability and a monthly FICO credit score of zero.
Find it Secure
The Discover it Secured credit card is a great choice for people who are looking for a secured credit card with a generous welcome offer. In the first year, you will earn 2% cashback at gas stations or restaurants and an unlimited 1% cashback on any other purchases. Discover will match the first year's rewards through a cashback program. This means you can start earning cash back right away and still be on your way to establishing credit.
Discover it Secured credit cards offer a great rewards program. Cardholders can earn rewards for spending in certain categories. These bonus categories were designed to match consumers' natural spending habits. Cashback rewards earned by this card can be easily redeemed at anytime.
Capital One Platinum Secured Kreditkarte
Capital One Platinum Secured Credit Card provides many benefits to people who are having difficulty getting approved for traditional credit cards. The card comes with no annual fee and no foreign transaction charges. You will not be charged for late or returned payments. It can be used online or in-store for purchases.
The Platinum Secured Credit Card caters to those with very poor credit. It provides a credit line of up to $1,000. It comes with the best digital financial tools available, which allow you to track your credit history and keep it updated at all times. There are also practical benefits, such as Apple Pay and travel assistance.
Capital One Secured Masterscard
The Capital One Secured Mastercard offers a great solution for people with poor credit and those looking to improve their credit score. The card features a zero-fee annual fee and a $200 credit limit. Although it is not a card that can be used for cash advances, the card can still be used to make purchases or build credit.
After you make five timely payments, you can raise your Capital One Secured Mastercard Credit Line. To obtain your card, you need to pay $49 security deposit. The credit line can be increased up to $1,000 if you make five on-time monthly payments.