Build your credit without worrying about a yearly charge.
Poor credit can be a roadblock to being approved for a card, but you have options to get around it. The first step you can take towards building your credit is applying for a secured credit card.
To use a secured credit card you’ll need to put down an initial security deposit. Once you use the card and begin making timely payments your credit score should slowly tick up assuming your card reports to the major credit bureaus.
Top secured credit cards with no annual fees
We highly recommend looking into these three secured cards if you don’t want to pay an annual fee: the Discover it® Secured, the Secured Mastercard® from Capital One®, and SDFCU Savings Secured Visa.
|Secured credit card||Annual fee||Minimum deposit||APR|
|$0||$49, $99 or $200 (depending on credit)|
State Department Federal Credit Union Savings Secured Visa
|$0||$250||as low as 7.99%|
We’ve scoured the market looking for the very best secured credit cards that specifically have no annual fees. Among these $0 annual fee cards, we also highlight what factors make these cards attractive.