The 3 best secured credit cards with no annual fees

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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 cardAnnual fee Minimum depositAPR

Discover it® Secured

Discover it® Secured

$0$20024.74% variable

Capital One® Secured Mastercard®

Capital One® Secured Mastercard®

$0$49, $99 or $200 (depending on credit)26.49% variable

Citi® Secured Mastercard®

Citi® Secured Mastercard®

$0$25024.24% variable

Card-by-card rundown

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®

With a secured card, your credit limit will typically equal your security deposit. Not so with the Capital One® Secured Mastercard®. Depending on your credit, you may be able to deposit only $49 or $99 and still get a credit line of $200.

Best secured card for no credit: Citi® Secured Mastercard®

If you’re not rebuilding your credit score from past mistakes and you need to start fresh, the Citi® Secured Mastercard® is a great, straightforward secured credit card to get the ball rolling. Fees are minimal, you won’t need to concern yourself with rewards and your security deposit starts as low as $200.

Other options

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 DCU Visa® Platinum Secured Credit Card offers a relatively low 13.5% variable APR for purchases, balance transfers and cash advances.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

Name Product Filter values Purchase APR Annual fee Recommended minimum credit score
26.49% variable
Get access to a higher credit line after making your first 5 monthly payments on time.
19.14% variable
A secured Visa® credit card that helps you build your credit quickly.
9.99% fixed
This secured card can help you rebuild your credit with an initial deposit of $200 to $1,000.
20.74% variable
Build your credit with all three major credit bureaus.
13.99% fixed
Open a personal savings deposit account to secure a credit line from $200 to $5,000.

Compare up to 4 providers

Bottom line

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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