Secured Credit Cards
for People with Bad Credit or No Credit

Secured credit cards are ideal for people with bad credit or no credit history.

You can build or rebuild your credit with these secured credit cards.

List of Secured Credit Cards for People with Bad Credit or No Credit

Card	Annual & Setup Fees	APR & Other Fees
New Millennium Bank Card	Annual fee: $59.00 Processing fee: $69.95	APR: 19.5% Cash advance fee: 2% (Min: $5.00). Late payment fee: $20.

Card	Annual & Setup Fees	APR & Other Fees
Orchard Bank MasterCard®	Annual fee: Platinum: $39-$89; Gold: $79-$96; Silver: $49 Application processing fee: Platinum: $0-$29; Gold: $19-$39; Silver: $49	APR: Platinum: Prime + 6.65%; Gold: Prime + 6.65%; Silver: Prime + 6.74% Cash advance fee: 5% (Minimum: $5.00). Late payment fee: $30 or $35. Over-the-credit-limit fee: $30.

Card	Annual & Setup Fees	APR & Other Fees
First Premier Secured MasterCard	Annual fee: $69.00 Monthly account maintenance fee: $3/month Application processing fee: $19-49	APR: 19.9%  Cash advance fee: 2% (Minimum: $2.00). Late payment fee: $30 or $25. Over-the-credit-limit fee: $25.

What is a secured credit card?

A secured credit card is a guaranteed approval VISA or MasterCard backed by money that you deposit and keep in the issuer's bank account. The amount of deposit required varies among card issuers, but in most cases minimum amounts range from $300 - $500. These funds serve as security for the card.

Secured credit cards are ideal for people who seek to reestablish credit or who do not have established credit history. In most cases, the card is almost guaranteed unless you just have filed bankruptcy. With a secured credit card, you can start having your good payment record reported to the credit bureaus. It's an excellent tool for building or rebuilding good credit.