Secured
Written by
Yehoshua King
Edited by
Ross Turner
No matter what a credit card company or advertisement says, there isn’t a single “best” credit card for everyone. The best card for you depends on your spending habits, credit score, existing debt and more. But with so many options to choose from, picking the right card can be intimidating. At The Points Navigator, we have reviewed all the top cards and compiled it into categorized lists with all the most important information to help you find the best card for YOU!
Capital One Quicksilver Secured Cash Rewards Credit Card
See rates and fees
Rewards rate
Unlimited 1.5% cash back on every purchase, every day.
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Pros & cons
$0 annual fee, making it cost-effective for those looking to build credit.
Earn 1.5% cash back on every purchase, a competitive rate especially for a secured card.
Opportunity to be automatically considered for a higher credit line in as little as 6 months with no additional deposit required.
No foreign transaction fees, beneficial for international purchases.
High variable APR, which can be costly if carrying a balance.
Requires a $200 minimum refundable security deposit to open an account.
No intro bonus offer or introductory APR on purchases or balance transfers.
Card Details
The Capital One Quicksilver Secured Credit Card is a good option for those rebuilding their credit. Earn unlimited 1.5% cash back on everything, with no annual fee or foreign transaction fees. While it requires a $200 refundable security deposit, responsible use can lead to a higher credit line and potential return of your deposit. Though the APR is high and there’s no intro bonus, this card offers a competitive cash back rate for a secured card.
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Pros & cons
Accessible to individuals rebuilding credit with a potentially low security deposit starting at $49.
$0 annual fee, making it cost-effective for credit building.
Automatic consideration for a higher credit line in as little as 6 months with responsible card use.
No foreign transaction fees, beneficial for international purchases.
High variable APR, which can be costly if carrying a balance.
Required security deposit, although refundable, is necessary to establish the credit limit.
No rewards program or cash back earnings.
Card Details
The Capital One Platinum Secured Credit Card is a tool for rebuilding credit. Get started with a potentially low $49 security deposit, enjoy a $0 annual fee, and the opportunity for a higher credit line with responsible use. While it lacks rewards and the APR is high, this card reports to major credit bureaus to help rebuild your score, and has no foreign transaction fees.
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Pros & cons
No hidden fees, including $0 overlimit fees and $0 fraud liability.
Opportunity for proactive credit line increases.
Access to credit management through the Avant Credit app.
Simple application process with a decision in minutes.
High APR range
Limited to no rewards or cash back offerings.
Primarily beneficial for credit building rather than as a primary spending card.
Card Details
The Avant Credit Card is designed for credit building. It has no hidden fees, offers potential credit line increases, and features an easy application process. While it lacks rewards and the APR is high, those focused on improving their credit may find value in its simplicity and accessibility.
Discover it Secured
Rewards rate
2% Cashback Bonus at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, automatically.
Unlimited 1% cash back on all other purchases.
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Pros & cons
Earn 2% cash back at gas stations and restaurants
Cashback Match at the end of your first year.
No annual fee.
Helps build or rebuild credit with responsible use, reported to the three major credit bureaus.
Requires a refundable security deposit which equals your credit line.
Higher APR for cash advances.
Balance transfer fee applies.
Card Details
Build your credit and earn rewards with the Discover it® Secured Credit Card! Get 2% cash back on gas and restaurants (up to $1,000 per quarter) and 1% on everything else. Double your first year’s rewards with the Cashback Match! There’s no annual fee, and responsible use helps improve your credit. Note that a refundable security deposit is required, and there’s a higher APR for cash advances.