Updated: 07/27/2016

What are Secured Credit Cards with Best Rewards?

People, who use secured credit cards, mostly have bad or limited credit history. They usually do not have too much attention from the banks. Rarely will you find a secured credit card that will not overcharge you. You need even more luck to find a card with useful benefits or rewards.

Our editors worked over night to find some of the best deals for you.Our favorite and an extremely good secured card is Aero Mexico card that offers real rewards with a small annual fee.

AeroMexico Secured by US Bank
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intro purchase APR no intro offerregular APR13.49 - 23.49% (V)
intro BT APR 13.49-23.49% 3% BT fee $5 min
rewards 1x-2x miles per dollar +5,000 bonus
  • 2x miles on gas and groceries
  • 1x miles on all other purchases
  • get 5,000 bonus on first card use

 

bad credit required

$25 annual fee

$0 first-year fee

reports to credit agencies

24 days grace period

unsecured card offer after 12 months

read review

It is good to mention that with a secured card, you should focus on building a credit and minimizing costs for owning a card.

Thus, the best advice is to find a card with a minimal annual fee and a minimum APR. Check if the card offers a grace period – some don’t. It helps when you have 20-25 days free of interest to manage your money flow.

Our favorite cards for these particular reasons are the DCU secured card and the USAA secured card. The first one is available to anyone through a small donation; the second one is only available to those connected to the military. 

USAA Secured Cards® American Express® Card
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read card review
intro purchase APR no intro offerregular APR10.40% to 20.40%*
intro BT APR no intro offer 3% BT fee
bad credit / no credit required

Best for members rebuilding or establishing credit

It's a real credit card — not a debit or prepaid card.

Determine your own credit limit ($250 to $5,000) with an interest-earning CD.

read review
DCU Platinum Secured
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read card review
intro purchase APR no intro offerregular APR12.00% (V)
intro BT APR n/a no BT fee
bad credit / no credit required

no annual fee

read review

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