Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Compare secured credit cards with low deposits
Rebuild your credit without breaking the bank.
Compare secured cards
Many secured credit cards require a minimum deposit of around $500 on average. However, your minimum deposit can be as low as $75 or as high as $10,000 depending on your card. Remember that as long as you provide the minimum amount, you can control your credit limit. The deposit amount you provide will serve as your monthly credit limit.
Refresh Financial Secured Card
With this secured credit card, you can look forward to building up your credit score by making on-time payments. You’ll need to provide a minimum deposit of at least $200, with the option to provide up to $10,000 should you need access to a much higher credit limit.
While it has an annual and monthly fee, this secured card does not require a credit check and comes with a competitive purchase APR of 17.99%.
Capital One Guaranteed Secured Mastercard
The Capital One Guaranteed Secured Mastercard offers the lowest security deposit of all secured cards on the market – only a minimum of $75 is required. Although no credit card is ever guaranteed, this Capital One card guarantees approval, as long as you meet four conditions. These conditions are:
- Be 18 years of age or the age of majority in your province or territory
- You haven’t applied for a Capital One card in the last 30 days or had an account not in good standing in the last year
- You don’t have an existing Capital One account or a pending application,
- You provide the necessary security funds of either $75 or $300.
The security deposit you put down to get a secured credit card doesn’t have to wipe out your savings. Even a secured credit card with a $75 deposit can help you rebuild your credit if you spend responsibly and pay off your balance at the end of each month. Check out our full secured credit card guide to learn more about these powerful credit building cards.
Frequently asked questions about secured cards
More guides on Finder
Are credit card rewards taxable?
Usually, no — but there may be an exception for rewards earned from work-related credit card charges.
Credit card options for borrowers who have a high debt-to-income ratio
Secured credit cards could be an option. But you could qualify for an unsecured card if you lower your debt.
Best credit cards for people with no credit
Using a secured credit card responsibly will help you eventually level up to a regular credit card.
Plastk Secured Visa Card review
Learn how you can earn rewards and rebuild your credit score when you make purchases with the Plastk Secured Visa Card.
Cash back vs travel rewards credit cards
Learn about the differences between cashback and travel rewards credit cards, and figure out which one might be the best fit for you.
Best credit cards for military veterans*
Earn rewards on your purchases or rebuild your credit.
Can I get a gas credit card in Canada if I have bad credit?
Secured or guaranteed credit cards are your best options.
Best Visa credit cards
Earn rewards or get a very low intro APR period with the best Visa credit cards.
Compare gas credit cards for fair credit
Aim for gas-station credit cards, which may offer valuable fuel credits.
Best* medical credit cards
Medical bills can be stressful. But a low-interest credit card with flexible terms can help.
Ask an Expert
You must be logged in to post a comment.