Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Does American Express have secured credit cards?
Sometimes, your favorite provider may not have the card you want.
American Express offers credit cards to customers with good and excellent credit scores. Unfortunately, you won’t find an secured Amex card among them to build or rebuild your credit.
Instead, consider a secured credit card from other major providers or credit unions, which often come with no annual fee and low interest rates.
Compare other secured card options
Consider other credit card providers for a secured credit card. After you build your credit, you can apply for an unsecured American Express credit or charge card.
Features to look for to find a secured credit card
All secured credit cards aren’t equal. To find the right one for you, compare features that include:
- Annual fee.
Some secured credit cards charge no annual fee, while others are as high as $49 annually. If you get a card with an annual fee, make sure its worth the card’s benefits.
- Secured deposit.
Deposits required vary by card by are often either $200 or $300, which can grow with responsible credit card use.
- Interest rates.
Secured cards for building credit often come with lower interest rates than unsecured cards. But not all secured cards have the same interest rates.
- Cash back.
This is a rare feature, but some secured credit cards allow you to earn cash back on your purchases.
- Reports to credit bureaus.
Make sure the card provider reports your responsible spending and payments to all three credit bureaus — TransUnion, Experian and Equifax — to help build your credit score more quickly.
Unfortunately, American Express doesn’t include secured credit cards in its lineup. For other providers that can help you build or rebuild your credit, compare secured credit card options to find the right one for your budget and goals.
Frequently asked questions
More guides on Finder
Best debt consolidation loans of 2021
Compare 6 lenders to find one that’s a good fit for your needs.
Best TD Bank credit cards of 2021
The Best TD Bank credit cards are solid, but nothing special.
PCB Secured Visa® review
A simple secured credit card that helps you build your credit.
Best credit cards for travel in 2021
Here are our picks for the top travel cards on the market.
Best store credit cards of 2021
Here are our picks for the best store cards of the year.
Best no annual fee credit cards of 2021
Our picks for the best no-annual-fee cards.
Air Canada to launch new Chase credit card in the US
Air Canada anticipates launching the new credit card and also joining Chase’s lineup of travel partners in 2021.
Which payment method do Americans prefer?
Finder analyzes which payment methods Americans prefer to use during the global health pandemic, finding that cash is no longer king.
Guide to Chase Mastercard credit cards
There are three Chase Mastercard credit cards, but all three are excellent options for frequent travelers.
Ask an Expert