Top Secured Credit Cards of 2021 for Credit Building
Discover the top secured credit cards of 2021 designed for credit rebuilding and management. With options like flexible deposits, cashback rewards, and high credit limits, these cards cater to various credit profiles, including those with damaged scores. Features include no annual fees, manageable APRs, and options for upgrading to unsecured cards after consistent, responsible use, making them excellent tools for improving your credit health.
Leading Secured Credit Cards of 2021
Secured credit cards are backed by a cash deposit, making them ideal for rebuilding credit. The deposit usually equals the credit limit, which remains in the issuer's control until closing or switching to an unsecured card. They are especially helpful for those with poor credit scores. Here are some of the best secured cards in 2021:
Capital One Secured Mastercard
This card stands out due to its flexible security deposit requirement and the ability to increase your credit limit beyond your initial deposit.
Discover It Secured Credit Card
This card comes with no annual fee, no penalty APR, and offers 1% unlimited cashback on all purchases. Additionally, spending up to USD 1000 on gas and dining each quarter earns 2% cashback. Starting with just USD 49, you can get a USD 200 credit line, which can be increased with higher deposits, up to USD 1000.
OpenSky Secured Visa Card
If your credit score is significantly damaged, this card is a good option. It does not require a credit check or bank account and has an annual fee of USD 35. The security deposit ranges from USD 200 to USD 3000.
Citi Secured Mastercard
This straightforward card offers no rewards or additional perks but also lacks upfront fees and annual charges. Paying on time and maintaining a zero balance can lead to an upgrade to an unsecured card after 18 months.
U.S. Bank Secured Visa Card
Ideal for higher credit limits, this card has no annual fee and a competitive APR. The credit limit can reach up to USD 5000 based on the deposit, with optional auto bill pay to prevent late payments.
