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The 3 best secured credit cards with no annual fees
Build or rebuild credit without worrying about a yearly charge.
If you’re using a secured credit card, you’re probably interested in building or rebuilding your credit. That’s why having to pay an annual fee for a secured card can be a bitter pill to swallow. Fortunately, there are a few secured cards with no annual fees that even come with some rewards and perks.
Here are our favorite picks for secured credit cards with no annual fees.
Secured credit cards with no annual fees
We’ve scoured the market looking for the best secured credit cards without annual fees. Among these $0 annual fee cards, we’ve also highlighted factors that make these cards stand out.
Best secured card for lowest deposit: Capital One® Secured Mastercard®
Best secured card for no credit: Citi® Secured Mastercard®
For an honorable mention, we have the DCU Visa® Platinum Secured Credit Card from Digital Federal Credit Union. Though its edged out by our contenders above, it’s worth comparing all your no-annual-fee secured card options.
DCU Visa® Platinum Secured Credit Card
How we selected our top cards
When choosing our secured credit card with no annual fee picks, we looked at a few features, including annual fee, security deposit and any other perks that a consumer might find appealing in a secured card. Those cards that outperformed the others in a given category were chosen for our list.
What’s changed in 2020
There are plenty of secured credit cards out there but relatively few great ones. Our list remains unchanged this year thanks to the continued solid performance of these cards.
Our pick for a no annual fee secured card
Citi® Secured Mastercard®Read more
Compare other secured credit cards
Picking a secured card with no annual fee is a great way to make the process of building credit as easy and pain-free as possible. Compare more secured credit cards for even more options for building your credit score.
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