New to the US? Secured credit cards build credit history |
immigration secured credit cards

Secured credit cards for new immigrants

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When you’re new to the US, you have options to build your credit with responsible spending.

You may have a dazzling credit score in your home country, but that history doesn’t follow you when you arrive in the United States. The reason being is that there’s no international credit report agency — it’s all country specific. While many of these countries rely on the same factors to weigh someone’s credit, the scoring system may be vastly different than here in the US.

So that good news is, now’s the time to start building your credit — the earlier the better. Over time, you can build a strong credit score, which can help you get approved for housing, credit and more.

Green Dot primor® Mastercard® Gold Secured Credit Card

Our Pick: Green Dot primor® Mastercard® Gold Secured Credit Card

If you have low or no credit, this card offers easy-to-meet eligibility criteria — with no fees or credit check required.

  • Annual fee: $49, waived the first year
  • Purchase APR: 9.99% fixed

    Build credit with a secured credit card

    You build credit by making debt repayments on time. Here’s the problem: Few lenders will approve you for a loan, and few card providers will approve you for a credit card. However, your situation is not hopeless, and your best option is a secured credit card.

    With a secured credit card, you put down a security deposit — typically $200, but you can find lower deposits — before opening an account. Your deposit then becomes your credit limit. Because this money serves as collateral, your card provider is guaranteed to get your money even if you fail to repay your debt.

    For this reason, secured cards are much easier to get than unsecured credit cards. Once you obtain a secured card, you gain a great opportunity to build credit. With timely payments, you could steadily increase your credit score.
    Funding your secured credit card

    Compare secured credit cards

    Rates last updated June 25th, 2018
    Name Product Product Description APR for Purchases ( Purchase Rate ) Bonus Points Interest Free Period
    OpenSky® Secured Visa® Credit Card
    A secured Visa® credit card that helps you build your credit quickly.
    18.64% variable
    Up to 25 days
    Apply now Read review
    Green Dot primor® Visa® Classic Secured Credit Card
    Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line.
    13.99% fixed
    Up to 25 days
    Apply now Read review
    Discover it® Secured Credit Card
    2% Cashback at restaurants or gas stations on up to $1,000 in combined purchases each quarter. Plus 1% cash back on all other credit card purchases.
    24.49% variable
    Up to 25 days
    DCU Visa® Platinum Secured Credit Card
    A great way to establish or improve your credit history.
    13.00% variable
    Up to 25 days

    Compare up to 4 providers

    Which secured credit cards to choose

    Without a credit history, you could still be denied for a secured card. Also, each time you apply for a card, the respective lender initiates a hard pull on your credit report.

    To avoid too many hard pulls, apply for one card at a time. Also, apply with card providers who are likely to approve you.

    The following cards are relatively easy to be approved for. The OpenSky Secured Visa and Primor Secured Visa Classic Card are especially accessible, as neither comes with a credit check.

    discover it secured reviewDiscover It Secured Credit Card

    • No annual fee; customers with new credit welcome to apply

    The Discover It is a solid secured card that can help you build credit. But it also comes with cash back — rare for secured cards. After eight months, you could qualify for a return of your security deposit.
    Compare reviews of the Discover It Secured Credit Card

    DCU Secured CardDigital Federal Credit Union (DCU) Visa Platinum Secured Credit Card

    • No annual fee; easy approval with soft credit check

    The DCU Visa Platinum comes with a low 12.25% APR for purchases, balance transfers and cash advances. It also has no balance transfer, cash advance or foreign transaction fees.

    You can get this card by joining the Digital Federal Credit Union. To do that, just join Reach Out for Schools for $10 when you open a DCU account. Then fund your DCU savings account with a minimum of $5. In total, it can cost as little as $15 to open your secured card.
    Review: Digital Federal Credit Union Visa Platinum Secured Card

    State Department Federal Credit Union (SDFCU) Secured Visa Platinum Card

    • No annual fee; easy approval

    The SDFCU Secured Visa Platinum has a low 13.49% variable for purchases, balance transfers and cash advances. It also offers point rewards on all purchases.

    To get this card, you must become a member of the State Department Federal Credit Union. To do that, you can join the American Consumer Council for $5. You also must open an SDFCU savings account with a minimum of $1.

    OpenSky Secured Visa

    • $35 annual fee; no credit check

    The OpenSky Secured Visa has an annual fee, but it doesn’t require a credit check. You have a great chance of being approved as long as you put down a security deposit of at least $200.
    Review: OpenSky Secured Visa Credit Card

    primor Secured Visa Classic CardPrimor Secured Visa Classic Card

    • $39 annual fee; no credit check

    The Primor Secured Visa Classic costs $39 a year, but it has a relatively low purchase APR of 13.99%.
    Review: Primor Secured Visa Classic Card

    What languages can Customer Service representatives speak?

    Most lenders will offer English or Spanish speaking options for over the phone customer service. Larger companies like Visa or Mastercard may be able to offer a wider range of languages since they’re based throughout the world.

    However, if you’re in need of another language option, your best bet is to have a translator.

    Frequently asked questions about secured cards

    Kevin Joey Chen

    Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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