Our pick for

Low deposit

Capital One® Secured MasterCard®

Apply Now

on Capital One's secure website

Annual fee
$0
Ongoing APR
24.99%
APR, Variable
Recommended credit score
350
629
Poor
We like it for
No annual fee Flexible deposit requirement Chance of higher credit line

Bottom line

The Capital One® Secured MasterCard® may not be a good fit for folks recovering from major credit damage, but it could be an excellent match for someone getting a credit card for the first time.

Benefits

Drawbacks

Our pick for

Rewards and upgrading

Discover it® Secured Card – No Annual Fee

Apply Now

on Discover's secure website

Annual fee
$0
Ongoing APR
23.49%
APR, Variable
Recommended credit score
350
689
Poor - Average
We like it for
No annual fee Cash-back rewards Clear upgrade process

Bottom line

The Discover it® Secured Card – No Annual Fee is the best secured credit card we’ve seen.

Benefits

Drawbacks

Our pick for

Bad credit or no bank account

OpenSky® Secured Visa® Credit Card

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on Capital Bank's secure website

Annual fee
$35
Ongoing APR
17.89%
APR, Variable
Recommended credit score
350
689
Poor - Average
We like it for
Easier approval No credit check Unbanked consumers

Bottom line

If you want to rebuild your credit but are having trouble finding an issuer that will work with you, the OpenSky® Secured Visa® Credit Card is a good match.

Benefits

Drawbacks

Our pick for

Low interest and fees

Digital Federal Credit Union Visa Platinum Secured Credit Card

Apply Now

on Digital Federal Credit Union's secure website

Annual fee
$0
Ongoing APR
12.00%
APR, Variable
Recommended credit score
350
850
Poor - Excellent
We like it for
Lower ongoing APR No annual fee No balance transfer fee No cash advance fee High credit limit

Bottom line

It’s best to pay your credit card bill in full every month, especially when working to build credit, but if you must carry a balance, the Digital Federal Credit Union Visa Platinum Secured Credit Card is less expensive than most other secured cards.

Benefits

Drawbacks

Methodology

NerdWallet’s credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.

Updated Jan. 27, 2017.

NerdWallet staff writers Virginia C. McGuire and Paul Soucy contributed to this article. Claire Tsosie is a staff writer at NerdWallet, a personal finance website. Email: claire@nerdwallet.com. Twitter: @ideclaire7.