There are many options available when searching for a secured card. You have the Capital One Platinum Secured Credit Card or the Discover it Secured Visa as options. You can also look into a new type of secured card called the Plastk Secured Visa. Clark Howard's ratings of the Capital One Platinum Credit Card are a must before you make a decision.
Capital One Secured MasterCard
Capital One Secured MasterCard may be the best choice if you are trying to rebuild credit following bankruptcy or other credit issues. The card is free of any annual fee and allows for flexible payment schedules. The card does not have foreign transaction fees.
Secured Visa
A secured credit card could be right for you, whether you want to pay off your debts or build your credit history. These cards require a minimum $200 security deposit. There is no annual fee.
Plastk Secured Visa
Plastk Secured Visa Card Card is the best credit card for people with low credit scores. While this card does not have a minimum income requirement it does require an annual fee and a maintenance fee of $6 per month. You can also enjoy a variety of benefits to improve your credit score.
Capital One Mastercard Guaranteed Low Rate
Canadians with low credit scores can get the Capital One Low Rate Guaranteed MasterCard card. This card is an excellent choice for those who are looking to establish or repair their credit. The higher annual fee is covered by the lower interest rate. Capital One also reports payments on behalf of the three major credit bureaus. This makes monitoring your financial position easier. The card allows you to pay online, by check or at a local bank.
Home Trust Secured Visa
The Home Trust Secured Visa Card can help you build good credit. The card allows you make a secure deposit equal to the card's credit limit. The security deposit is returned when your account is closed or the entire debt is paid off. You can deposit as little $500 as well as as much as $10,000.
Discover it Secured credit card
Discover it Secured is a great card to earn rewards. This card also offers cash back. You get unlimited 1% cashback on all your purchases and 2% cashback at restaurants and gas stations. You can also remove personal information from certain search sites by using the card. You can even receive alerts free of charge to help prevent your information being used in criminal cases.