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.
Top secured credit cards with no annual fees
We highly recommend looking into these secured cards if you don’t want to pay an annual fee: the Capital One® Secured Mastercard®, and the Citi® Secured Mastercard®.
|Secured credit card||Annual fee||Minimum deposit||APR|
|$0||$49, $99 or $200 (depending on credit)||26.99% variable|
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
The card doesn’t have rewards. But it’s still a reliable no-annual-fee choice, as long as you’re willing to join the Digital Federal Credit Union.
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.