There are many options for secured credit cards. Among these options are the Capital One Platinum Secured Credit Card and the Discover it Secured Visa. You can also look into a new type of secured card called the Plastk Secured Visa. Clark Howard's rating for Capital One Platinum Secured Credit Card is a good place to start when choosing a card.
Capital One Secured MasterCard
Capital One Secured MasterCard may be the best choice if you are trying to rebuild credit following bankruptcy or other credit issues. This card does not have an annual fee, and you can choose the payment due dates that work best for you. There are no foreign transaction fees.
Discover it Secured Visa
Secured credit cards may be the best option for you if you are looking to reduce your debt or build credit. The cards come with a $200 minimum security deposit and an open credit limit of $200. They also don't charge an annual fee.
Plastk Secured Visa
Plastk Secured Visa Card can be your credit card if you have bad credit. This card does not require a minimum income requirement, but it does charge an annual fee of $48 and a monthly maintenance fee of $6. This card also offers a range of benefits that can help improve your credit score.
Capital One Guaranteed Mastercard at a Low Rate
Canadians with low credit scores can get the Capital One Low Rate Guaranteed MasterCard card. This card is an excellent choice for those who are looking to establish or repair their credit. The low interest rate can quickly cover the slightly higher annual fee. Capital One reports your payments to the major credit bureaus. This makes it easier to track your financial status. This card also allows you to pay by check, online, or at a local branch.
Home Trust Secured Visa
A Home Trust Secured Visa Visa card is a great way for you to build your credit. The card allows you make a secure deposit equal to the card's credit limit. The security deposit is returned when your account is closed or the entire debt is paid off. You have the option to deposit as little as $500, or as much as $10,000.
Discover it Secured Card Credit Card
The Discover it Secured credit card is a great way earn rewards for your purchases. The card comes with a cash-back program that gives you unlimited 1% cash back and 2% cash back at restaurants and gas stations. You can also remove personal information from certain search sites by using the card. You can also receive free alerts to protect your information from being used criminally.