Compare the lowest deposit secured credit cards

Rebuild your credit without breaking the bank.

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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 crimp in your savings.

While secured credit cards with no security deposit exist, the tradeoff is usually lower spending limits and a higher difficulty getting accepted. Fortunately, a secured credit card doesn’t have to cost much if you pick the right one.

Our pick for a low deposit secured card

Citi® Secured Mastercard®

  • The Citi® Secured Mastercard® is a no annual fee credit card that helps you build your credit when used responsibly.
  • Unlike a debit card, it helps build your credit history with monthly reporting to all 3 major credit bureaus. Once available, you will also have free access to your FICO score online.
  • Use your card anywhere Mastercard® is accepted — worldwide.
  • A security deposit is required. Once approved, your credit limit will be equal to your security deposit (minimum of $200).
  • Get help staying on track with Auto Pay and account alerts.
  • With Flexible Payment Due Dates, you can choose any available due date in the beginning, middle or end of the month.
  • Manage your account 24/7 online, by phone, or in our mobile app.
  • The standard variable APR for Citi Flex Plan is 23.99%. Citi Flex Plan offers are made available at Citi’s discretion.
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Secured credit cards with low or no deposit minimum

Name Product Filter values Minimum deposit required Purchase APR Annual fee Recommended minimum credit score
Citi® Secured Mastercard®
Starting at $200
23.99% variable
$0
580
A no annual fee secured card for people who are new to credit or have limited credit history with a fair to average credit score.
OpenSky® Secured Visa® Credit Card
Starting at $200
18.89% variable
$35
300
A secured Visa® credit card that helps you build your credit quickly.
CardMatch™ from creditcards.com
See terms
See issuer's website
See terms
300
Can't decide on a card? Get personalized credit card offers with CardMatch™.
First Progress Platinum Elite MasterCard® Secured Credit Card
Starting at $200
19.99% variable
$29
300
Build your credit with all three major credit bureaus.
First Progress Platinum Select MasterCard® Secured Credit Card
Starting at $200
13.99% variable
$39
300
No minimum credit score and no credit history required.

Compare up to 4 providers

Closer look: How much will I have to pay for a deposit?

Below are a few secured cards and their associated deposits. Between these three cards, the required security deposit ranges from $49 and $200.

Capital One® Secured Mastercard®

Capital One® Secured Mastercard®
See offer
  • As low as $49 minimum deposit

With the Capital One® Secured Mastercard®, you may qualify to deposit only $49 or $99 and still get a $200 credit line. This makes Mastercard’s offering one of the lowest deposit secured credit cards available. After you pay your bill on time for the first five months, you’ll automatically qualify for a higher credit line.

Justice Federal Credit Union (JFCU) VISA Classic Secured Card

Justice Federal Credit Union (JFCU) VISA Classic Secured Card
  • $100 minimum deposit

The Justice Federal Credit Union (JFCU) VISA Classic Secured Card requires a relatively low $100 minimum deposit. It also offers an intro APR, which is rare for secured credit cards. You’ll get a 0% intro APR on purchases, balance transfers and cash advances for the first 6 months. On top of that, you won’t pay fees for balance transfers.

To apply for the card, you need to be a member of the Justice Federal Credit Union. If you don’t meet the criteria to become a member, you can satisfy that requirement by joining one of the credit union’s affiliate organizations. Furthermore, you’ll need to make a $5 deposit to open a Justice FCU savings account.

Citi® Secured Mastercard®

Citi® Secured Mastercard®
Apply now
  • $200 minimum deposit

The Citi® Secured Mastercard® is a solid secured card that requires only a $200 minimum deposit. It’s not loaded with features, but it does include Mastercard benefits such as travel benefits and purchase protection.

Bottom line

The security deposit you put down for a secured card doesn’t have to wipe out your bank account. Even a $50 deposit secured credit card 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 how to use secured credit cards.

Frequently asked questions about secured cards

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6 Responses

  1. Default Gravatar
    LarryMarch 2, 2019

    What would you consider to be the best secured card for someone who has no bank account and a card that require no credit check to ensure getting approved?

    • Avatarfinder Customer Care
      JoshuaMarch 5, 2019Staff

      Hi Larry,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      As a comparison website, we are not permitted to provide specific recommendations. However, I can help you by providing you options.

      As of now, we don’t have a list of secured credit cards for a person who doesn’t have a bank account. Nevertheless, we have a page that lists secured credit card providers that don’t require a credit check. Please go to this page.

      On that page, you will see a list of secured credit cards that don’t require a credit check. On the same list, you will read about their description to help you know more about their offer. You can directly get in touch with your chosen provider and ask them if they require a bank account.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    RayNovember 30, 2018

    I was inquiring about the DCU secured card and was told by their representative they had a minimum deposit of $300, is this true?

    • Avatarfinder Customer Care
      nikkiangcoDecember 6, 2018Staff

      Hi Ray,

      Thanks for getting in touch. As it says on this page, The deposit for this secured card works a little differently from other secured cards. Your deposit isn’t held separately as collateral. You borrow against your savings account, so this card acts more like a debit or checking card. Your deposit isn’t held and then returned after closing the account; it’s always available.

      You need to have at least $5 in your account, and then however much you have up to your credit limit is how much you can put on the card. For example, if your limit is $300, you’d need at least $300 in your account, which includes the minimum $5.

      Hope this helps!

      Best,
      Nikki

  3. Default Gravatar
    MikeFebruary 28, 2018

    What would be the best card to gain better credit standing overall? Does any card in particular provided more credit worthiness?

    Thanks in advance,

    -Mike

    • Default Gravatar
      joelmarceloMarch 7, 2018

      Hi Mike,

      Thanks for leaving a question on finder.

      Credit card providers will carefully consider any “bad credit” details – such as late payments or defaults – that are listed on your credit report. So, if you want to apply for a credit card to help improve your credit rating, sticking to basic options can improve your chances of getting approval.

      Another option is to consider credit cards with no annual fee or a low standard interest rate. These kinds of cards can help keep the cost of the account down and make it easier for you to avoid late payments, defaults and other problems that lead to bad credit.

      Cheers,
      Joel

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