What is a secured credit card?

The amount of the security deposit usually serves as a secured card’s spending limit. Secured credit cards are the easiest type of credit card to get, and they usually have low annual fees. A secured credit card can also help you build or rebuild your credit, just like a “normal credit card.” Learn more.

Are secured credit cards easy to get approved for?

Due to the collateral requirement, secured credit cards are some of the easiest cards to get approved for. Those with poor or limited credit history may find that a secured card is the best place to start. How Do Secured Credit Cards Work?

What is the best secured credit card to rebuild credit?

The best secured credit card to rebuild credit with is the U.S. Bank Cash+® Visa® Secured Card because it has a $0 annual fee, reports to the credit bureaus, and gives 1 - 5% cash back on purchases. The minimum deposit is $300, and the amount you put down will act as your credit limit.