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.

Name Product Min. Required Deposit Purchase Interest Rate Cash Advance Rate Annual Fee
Refresh Financial Secured Card
$12.95 + $3/month
The Refresh Secured Card has no credit check, a low annual fee and guaranteed approval once you secure your card with anywhere from $200 - $10,000.
Home Trust Secured Visa (No Annual Fee)
The no annual fee Home Trust Secured card comes with a standard 19.99% purchase and cash advance rate. Apply with any credit score and start rebuilding your credit.
Home Trust Secured Visa (Low Rate & Monthly Fee)
Pay a monthly fee of $5 and get a low purchase interest rate of 14.90%.
Home Trust Secured Visa (Low Rate)
Rebuild your credit score and enjoy a low purchase interest rate of 14.90% and a cash advance rate of 19.80%.

Compare up to 4 providers

A secured credit card can be incredibly helpful if you’re looking to improve your credit score. But to get one, you have to put down a security deposit — and that can put a real dent in your savings and a strain on your budget. Banks and secured credit card providers typically require a minimum deposit of $500. Fortunately, there are a couple of secured credit cards on the market that don’t have to cost you as much.

Card-by-card rundown

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

Refresh Financial Secured Card
Apply now

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:

  1. Be 18 years of age or the age of majority in your province or territory
  2. 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
  3. You don’t have an existing Capital One account or a pending application,
  4. You provide the necessary security funds of either $75 or $300.

Bottom line

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

    Ask an Expert

    You must be logged in to post a comment.

    Go to site