The Best Secured Cards with No Annual Fee
Many of the credit card offers that appear on the website are from credit card companies from which Wise Bread receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Any opinions expressed are those of the author's alone, and have not been reviewed, approved, endorsed, or provided by the issuer.
As one of the only options available for those with poor or no credit, secured credit cards have long carried a bad reputation for charging extra fees and high APRs, in addition to the security deposit required by card members just to carry the card. In many instances, these fees end up harming credit more than helping and the card user ends up with more debt and an even worse credit rating.
Over the years, secured credit cards have bounced back quite a bit by offering more reasonable opportunities for building or rebuilding credit. Not only do many secured options now offer extra incentives such as rewards programs and cardmember perks, there are cards that actually include manageable APRs and relatively low fees. Though secured cards without annual fees are rare. (See also: Best Secured Cards for Rebuilding Credit)
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
