Are you looking for a secured card with a high credit limit or no credit check?
The Wells Fargo Secured Credit Card and the OpenSky® Secured Visa® Credit Card are both middle-of-the-road cards suitable for someone trying to establish or rebuild their credit.
Wells Fargo Secured Credit Card comes with a higher credit limit and a cheaper annual fee, but the OpenSky® Secured Visa® Credit Card boasts availability for people who have no credit history whatsoever.|
Wells Fargo Secured Credit Card
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OpenSky® Secured Visa® Credit Card
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|---|---|
| Not rated yet |
★★★★★ 3.8 / 5.0 |
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| None | None |
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21.24% variable |
19.64% variable |
| $25 | $35 |
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APR: 21.24% variable Fee: $5 or 5% of the transaction, whichever is greater |
APR: variable Fee: of the transaction |
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APR: 26.24% variable Fee: $10 or 5% of the transaction, whichever is greater |
APR: 19.64% variable Fee: $6 or 5% of the transaction, whichever is greater |
| $37 | Up to $38 |
| $0 | $0 |
| 25 days | 25 days |
| $1 | $1 |
| 300 | 300 |
| Credit | Credit |
| Rates & Fees | Rates & Fees |
Which card should you choose?
Wells Fargo Secured Credit Card
- Establish credit
- No US residency required
- $10,000 credit limit
The Wells Fargo Secured Credit Card's annual fee is $25 — cheaper than many other secured credit cards on the market. For approval, you'll need to front a $300 minimum security deposit. And if you're looking for a card to build credit, you'll be happy to know that the bank reports your Wells Fargo Secured Credit Card activity to the three major credit bureaus.
OpenSky® Secured Visa® Credit Card
- Rebuild credit
- Easy application
- No credit history required
The OpenSky® Secured Visa® Credit Card is a contender if you've never had any form of credit in the past. Compared with the Wells Fargo Secured Credit Card, this card offers a lower 19.64% variable APR and requires a lower minimum security deposit of $200. And you can easily fund your deposit with a debit card, wire transfer or money order.
What’s next?
Does either the Wells Fargo Secured Credit Card or the OpenSky® Secured Visa® Credit Card sound like a match for your wallet? If so, easily apply online.
If you’re not too crazy about either card, compare the features of other secured cards until you find the one that’s right for your needs.