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Compare the lowest deposit secured credit cards

Rebuild your credit without breaking the bank.

Updated

Fact checked

Our pick for a low deposit: Self Visa® Credit Card

Self Visa® Credit Card logo

from $100

Security deposit

  • Apply with any credit score
  • Pair with a Credit Builder Account to build your credit score and savings
  • Low annual fee for a secured card
Apply now
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.

Secured credit cards with low or no deposit minimum

Name Product Filter values Minimum deposit required Purchase APR Annual fee Recommended minimum credit score
OpenSky® Secured Visa® Credit Card
Starting at $200
17.39% variable
$35
300
Apply for this card with no credit check if you're new to credit or have bad credit.
Applied Bank® Secured Visa® Gold Preferred® Credit Card
Starting at $200
9.99% fixed
$48
300
No credit check is required for this secured card. Make a deposit of at least $200 to open this card and get a low 9.99% fixed APR on purchases.
Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card
Starting at $200
0% intro for the first 6 months (then 12.99% variable)
$49
300
A rare secured card with a 0% intro APR on purchases for 6 months, followed by 12.99% variable.
Self Visa® Credit Card
Starting at $100
21.74% variable
$25
300
Build your credit with a low minimum security deposit of $100 and no credit score required.
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.
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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® logo
Finder Rating: 4.4 / 5

★★★★★

Credit recommended (580-669)
Read review
Rates & fees

580
Min. credit score
$0
Annual fee
26.99% variable
Purchase APR
From $49
Min. 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.
  • Upfront cost. $49, $99 or $200, depending on your credit.
  • No annual fee. You wont pay anything to own the card.
  • Various minimum deposits. Depending on your credit, you will make a cash deposit of $49, $99 or $200 to activate your card.
  • Get an upgrade with timely payments. After you make your first five monthly payments on time, you will get a higher credit line.
  • Platinum Mastercard perks. Get purchase benefits, travel insurance, roadside assistance and more.
Annual fee $0
Minimum deposit required $49, $99 or $200
Purchase APR 26.99% variable
Balance transfer APR 26.99% variable
Recommended minimum credit score 580

Justice Federal Credit Union (JFCU) VISA Classic Secured Card

Justice Federal Credit Union (JFCU) VISA Classic Secured Card logo
Credit recommended (300-579)
Read review
300
Min. credit score
$0
Annual fee
0% intro
Purchase APR
From $100
Min. 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 unions affiliate organizations. Furthermore, you will need to make a $5 deposit to open a Justice FCU savings account.

  • Upfront cost. $130, includes security deposit, typical affiliate organization membership fee and Justice FCU deposit.
  • No annual fee.
  • Intro APR. 0% intro APR for 6 months on purchases, balance transfers and cash advances.
  • No balance transfer fees.
  • Late-fee leniency. You are only assessed a late fee when you pay 10 or more days after your payment due date.
Annual fee $0
Minimum deposit required Starting at $100
Purchase APR 0% intro for the first 6 months (then from 16.9% variable)
Balance transfer APR 0% intro for the first 6 months (then 16.9% variable)
Recommended minimum credit score 300

Citi® Secured Mastercard®

Citi® Secured Mastercard® logo
Finder Rating: 4.3 / 5

★★★★★

Credit recommended (580-739)
Read review
580
Min. credit score
$0
Annual fee
22.49% variable
Purchase APR
From $200
Min. 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.
  • Upfront cost. $200.
  • No annual fee.
  • Mastercard perks. Get purchase benefits, travel insurance, roadside assistance and more.
Annual fee $0
Minimum deposit required Starting at $200
Purchase APR 22.49% variable
Balance transfer APR 22.49% variable
Recommended minimum credit score 580
The information about Citi® Secured Mastercard® has been collected independently by Finder and has not been reviewed or provided by the issuer.

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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