Best secured CC.

[Cheryla18]

Needing to know which secured CC would be the best to apply for.

[Scupra]

Are you able to join NFCU?

[Anonymous]

Here's a chart I made a while back with a lot of the national ones.

"Best" is subjective but some of them are crummy.  I'd stick to the lower annual fee ones and the ones that graduate, personally.  Rewards are nice too, so I've detailed those as well.

http://ficoforums.myfico.com/t5/Credit-Cards/Updated-for-2015-Secured-Credit-Card-List/m-p/3856240

[Anonymous]

http://ficoforums.myfico.com/t5/Credit-Cards/Secured-cards-my-experience/m-p/3696888

Heres my review of the 5 secured cards I used to build up my file. Hopefully between those two threads you will find something that works well for you.

[Anonymous]

Very good responses.. I hope it helps OP..

[Anonymous]

I shopped around last year at this time and settled on USAA, because:

1. You can choose an AmEx, MasterCard or Visa version of the card

2. APR is set at 9.9%

3. Annual fee is only $35

4. Your money goes into a CD that earns a little bit of interest

The only drawback is the card does not graduate.

[Anonymous]

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@Anonymous wrote:

I shopped around last year at this time and settled on USAA, because:

1. You can choose an AmEx, MasterCard or Visa version of the card

2. APR is set at 9.9%

3. Annual fee is only $35

4. Your money goes into a CD that earns a little bit of interest

The only drawback is the card does not graduate.

---

Out of all the choices, u settled with one that doesn't graduate......makes no sense. I would highly suggest boa, my card went from a $300 secured card to a $6600 cash reward in about 1 year 4 months. Open secure card, wait til it graduate at 1 yr mark, PC to cash reward, take a hp for CLI.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I shopped around last year at this time and settled on USAA, because:

1. You can choose an AmEx, MasterCard or Visa version of the card

2. APR is set at 9.9%

3. Annual fee is only $35

4. Your money goes into a CD that earns a little bit of interest

The only drawback is the card does not graduate.

---

Out of all the choices, u settled with one that doesn't graduate......makes no sense. I would highly suggest boa, my card went from a $300 secured card to a $6600 cash reward in about 1 year 4 months. Open secure card, wait til it graduate at 1 yr mark, PC to cash reward, take a hp for CLI.

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BofA will let you add 321 rewards to the secured card

[Anonymous]

I used/using capital one, limit 200$, I deposited 200$ more and they gave me 300$ more on 6 months mark.
After 3 months having C1 I got walmart store card with 300$.

And on 6 months mark with C1 I applied for AMEX BCE, and got 3000$ limit.

So go with C1

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I shopped around last year at this time and settled on USAA, because:

1. You can choose an AmEx, MasterCard or Visa version of the card

2. APR is set at 9.9%

3. Annual fee is only $35

4. Your money goes into a CD that earns a little bit of interest

The only drawback is the card does not graduate.

---

Out of all the choices, u settled with one that doesn't graduate......makes no sense. I would highly suggest boa, my card went from a $300 secured card to a $6600 cash reward in about 1 year 4 months. Open secure card, wait til it graduate at 1 yr mark, PC to cash reward, take a hp for CLI.

---

True, I was a little naive. I hadn't found this website til 4 months after I got the card. But I went with USAA because my husband is a veteran and it was the lowest APR. I have always PIF since getting the card but I thought, at the time, that that was an important factor. My final choice was between USAA and BoA (the APR was the deciding factor). And Cap1 had just denied me a secured card because my CO with them was still showing on my CR at the time of the app.

Regardless, just because the card does not graduate does not mean it doesn't have ANY benefits. So I cancel it at the 2 year mark and it still appears for a total of 12 years and still factors into my AAoA and my payments are still there. There are pros and cons to each card we encounter. I was merely trying to be helpful.