cancel
Showing results for 
Search instead for 
Did you mean: 

Updated for 2015: Secured Credit Card List

tag
Anonymous
Not applicable

Updated for 2015: Secured Credit Card List

I figured this may be useful for some others out there.  The other lists floating around are over a year old and are fairly short, so I made a little more detailed list.  

 

These are available nationally - that was the major criteria.  I didn't want to get anyone's hopes up on a card that has a 3.25% interest rate that's only available to a very small segment of the population, heh.  

The most interesting thing I found while making this chart was that the cards that offer rewards also tend to have a lower annual fee and tend to graduate.  Makes those all the more appealing Smiley Happy

 

Hope others find this useful.  

 

 

NameAPRAnnual FeeMonthly FeeUnsecured CLI?Unsecured CLI TermsGraduate?Graduation TermsRewardsHP/SPReports AsComments
SDFCU EMV Savings Secured Visa Platinum6.99%$0$0unknownunknownnoN/A1 FlexPoints Rewards point per $1SP (usually)S 
NFCU nRewards Secured Visa8.99%$0$0unknownunknownyeseligibility begins @ 12 months1 nRewards point per $1HPU**must meet CU eligibility requirements**
DCU Secured Visa Platinum11.50%$0$0unknownunknownyes**must apply and be approved, not automaticnoHPS 
Andrews FCU Visa Platinum Secured14.50%$0$0noN/AnoN/AnoHPU 
Swagbucks Secured Visa ** DISCONTINUED**19.99%$0$0unknownunknownunknownIssued by FNBO; probably similar terms to SavingStar / Kickstart1 Swagbuck per $2HPSIntro: 500 bonus swagbucks for $500 / 1000 bonus swagbucks for $1000 / Issued by FNBO / Offers FICO credit score
Discover It22.99%$0$0yesunknown, likely eligible @ 6 monthsyes12 months5% rotating categories / 1% everydayHPScounter offer only / Offers FICO credit score
Discover It Chrome22.99%$0$0yesunknown, likely eligible @ 6 monthsyes12 months2% gas and restaurants / 1% everydayHPScounter offer only / Offers FICO credit score
US Bank Harley Davidson Secured Visa22.99%$0$0noN/Ayeseligibility begins @ 12 months1 HD Genuine Rewards point per $1HPSIntro: $10 HD Genuine Rewards certificate @ account opening
First Convenience Bank Secured MasterCard17.99%$19$0unknownunknownyeseligibility begins @ 15 monthsnoHPSIssued by FNBO / offers FICO credit score
FNBO Secured Visa17.99%$19$0unknownunknownyeseligibility begins @ 15 monthsnoHPSOffers FICO credit score
Union Bank Secured17.99%$19$0unknownunknownyeseligibility begins @ 15 monthsnoHPSIssued by FNBO / offers FICO credit score
Overstock.com Club O Secured MasterCard24.99%$19$0unknownunknownyeseligibility begins @ 11 monthsUp to 8% Overstock / 2% gas and groceries / 1% everydayHPSFree Club O membership, free o.co shipping / Issued by FNBO / offers FICO credit score
FNBO SavingStar AMEX18.99%$25$0unknownunknownyeseligibility begins @ 11 months10% back on SavingStar groceries / 5% back on SavingStar online mall / 1% back everydayHPSIssued by FNBO / offers FICO credit score
Wells Fargo Secured Visa18.99%$25$0unknownunknownyesper site: reviewed periodicallynoHPS 
US Bank AeroMexico Secured Visa22.99%$25$0noN/Ayeseligibility begins @ 12 months2 miles per $1 gas and groceries / 1 mile per $1 everydayHPSIntro: 5000 miles + companion ticket on first spend
US Bank LANPASS Secured Visa22.99%$25$0noN/Ayeseligibility begins @ 12 months1 mile per $1HPSIntro: 5000 miles on first spend / 10% discount on LAN purchase once/yr
US Bank LifeMiles Secured Visa22.99%$25$0noN/Ayeseligibility begins @ 12 months1 mile per $1HPSIntro: 5000 miles on first spend
OpenSky Secured Visa17.50%$29$0unknownAnecodally, CLIs are possiblenoN/AnoSPU 
Citi Secured MasterCard18.24%$29$0unknownunknownyes18 monthsnoHPSmay offer FICO credit score
US Bank Secured Visa18.99%$29$0noN/Ayeseligibility begins @ 12 monthsnoHPS 
First Progress Platinum Elite Secured MasterCard19.99%$29$0yes"at sole discression"noN/AnoSP (usually)S 
FNBO Kickstart Visa20.99%$29$0yeseligible @ 7 monthsyeseligibility begins @ 11 monthsnoHPSIssued by FNBO / offers FICO credit score
Capital One Platinum Secured MasterCard22.99%$0 (updated5/15)$0yesCredit Steps - typically after 5-7 on time paymentsnoN/AnoHPUcan be partially or fully secured / offers Score Tracker
USAA Secured American Express9.9% - 19.9%$35$0noN/AnoN/AnoHPU**must meet CU eligibility requirements**
USAA Secured Platinum MasterCard9.9% - 19.9%$35$0noN/AnoN/AnoHPU**must meet CU eligibility requirements**
Merrick Bank Secured Visa17.45%$36 first year$3 after first yearnoN/AnoMay be sent an unsecured pre-approval, but it is a second cardnoHPSOffers credit score
primor Secured Visa Classic / MasterCard13.99%$39$0noN/AnoN/AnoSPS 
First Progress Platinum Select Secured MasterCard14.99%$39$0yes"at sole discression"noN/AnoSP (usually)S 
Bank of America Secured Visa20.24%$39$0noN/AyesAutomatic begins @ 12 months, can unsecure earlycan add 3% gas / 2% groceries / 1% everydayHPScan be partially or fully secured / partially secured counter offer only
Suntrust Secured MasterCard17.99-19.99%$39$0noN/Ayes*per a rep: it will be "considered", no time period indicated2% gas and groceries / 1% everydayHPS 
First Progress Platinum Prestige Secured MasterCard11.99%$44$0yes"at sole discression"noN/AnoSP (usually)S 
primor Secured Gold Visa / MasterCard9.99%$49$0noN/AnoN/AnoSPS 
US Bank SKYPASS Secured Visa16.24%$50$0noN/Amaybeeligibility @ 12 months but may require new app1 mile per $1HPSIntro: 5000 miles on first spend / 1000 miles at renewal
First Premier Secured MasterCard19.90%$50$0yeseligible @ 13 months / 25% fee per increase ($100 increase = $25 fee)noN/AnoHPS(editor's comment: sadly, this is STILL a better deal than their unsecured)
Message 1 of 53
52 REPLIES 52
Anonymous
Not applicable

Re: Updated for 2015: Secured Credit Card List

Good list. I hope it helps some folks who want to improve their credit and not have to pay a price that requires pawning precious metals.

Message 2 of 53
Anonymous
Not applicable

Re: Updated for 2015: Secured Credit Card List


@Anonymous wrote:

Good list. I hope it helps some folks who want to improve their credit and not have to pay a price that requires pawning precious metals.


That was pretty much my intent. 

Message 3 of 53
Imperfectfuture
Super Contributor

Re: Updated for 2015: Secured Credit Card List

Alaska, Washington, California, Alaska USA, 14.5 %, graduates between one and two years! must meet UW requirements for regular visa (no collection over 250), 1 reward point per dollar, score card rewards or travel, excellent travel benefits, can use almost 100% of card for cash advance @ regular apr if needed.
Signature needs updating
Message 4 of 53
Anonymous
Not applicable

Re: Updated for 2015: Secured Credit Card List


@Imperfectfuture wrote:
@Alaska, Washington, California, Alaska USA, 14.5 %, graduates between one and two years! must meet UW requirements for regular visa (no collection over 250), 1 reward point per dollar, score card rewards or travel, excellent travel benefits, can use almost 100% of card for cash advance @ regular apr if needed.

Sounds like a good card but since it's not available nationally I didn't add it.  Is Alaska USA FCU was available with some kind of national organization membership?

Message 5 of 53
happypill
Valued Contributor

Re: Updated for 2015: Secured Credit Card List

Great list.  One suggestion would be to add whether the card is HP/SP.  Some are available with SP or no pull at all, but others require HP and could possible decline even if fully secured.

Message 6 of 53
Anonymous
Not applicable

Re: Updated for 2015: Secured Credit Card List


@happypill wrote:

Great list.  One suggestion would be to add whether the card is HP/SP.  Some are available with SP or no pull at all, but others require HP and could possible decline even if fully secured.


Good point.  I'll go through and update the list ASAP with that info.

Message 7 of 53
core
Valued Contributor

Re: Updated for 2015: Secured Credit Card List

In addition to the HP/SP that happypill suggested, it might be useful to some folks to see which ones report as unsecured.

Message 8 of 53
Anonymous
Not applicable

Re: Updated for 2015: Secured Credit Card List


@core wrote:

In addition to the HP/SP that happypill suggested, it might be useful to some folks to see which ones report as unsecured.


Done and done

Message 9 of 53
Anonymous
Not applicable

Re: Updated for 2015: Secured Credit Card List

I'm surprised that the Merrick Bank one doesn't graduate, I thought read somewhere that it did. Learn something new everyday, especially here haha
Message 10 of 53
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.