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.
$25 annual fee
$0 first-year fee
reports to credit agencies
24 days grace period
unsecured card offer after 12 months
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.