There are several options when looking for a secure credit card. The Capital One Platinum Secured Credit Card is one option, as well as the Discover it Secured Visa. Plastk Secured Visa can be another option. But before you choose a card, be sure to read Clark Howard's ratings for the Capital One Platinum Secured Credit Card.
Capital One Secured MasterCard
If you are looking to rebuild your credit after bankruptcy or other credit issues, the Capital One Secured MasterCard may be the best option for you. The card is free of any annual fee and allows for flexible payment schedules. The card does not have foreign transaction fees.
Discover it Secured Visa
A secured credit card could be right for you, whether you want to pay off your debts or build your credit history. The cards come with a $200 minimum security deposit and an open credit limit of $200. There is no annual fee.
Plastk Secured Visa
The Plastk Secured Visa Card is a credit card for people with poor credit. While this card does not have a minimum income requirement it does require an annual fee and a maintenance fee of $6 per month. This card also offers a range of benefits that can help improve your credit score.
Capital One Guaranteed Mastercard at a Low Rate
Canadians with lower credit scores will love the Capital One Low-Rate Guaranteed Mastercard. This card is an excellent choice for those who are looking to establish or repair their credit. A lower annual fee and interest rate will quickly be covered by the relatively low rate. Capital One also reports payments to the three major credit bureaus, making it easier to monitor your financial situation. This card can be used to make payments online, at a branch, or by check.
Home Trust Secured Visa
A Home Trust Secured Visa card can be a great way to establish good credit. The card allows you to make a deposit equal to your credit limit. The deposit is returned when the card is closed or the debt is completely paid. You can put down as little or as large as $500. Or, you can place as high as $10,000.
Discover it Secured Credit Card
The Discover it Secured credit card is a great way earn rewards for your purchases. This card provides cash back that includes unlimited 1% cashback and 2% cashback at gas stations, restaurants, and other places. The card also helps you remove your personal information from select people search websites. You can also receive free alerts to protect your information from being used criminally.