7 Best Secured Credit Cards With No Credit Check

Discover It® Secured requires a minimum of $200 security deposit for the card and does not have a minimum credit requirement. It is an easy card to get approved for as long as the applicant meets the basic eligibility criteria. You can spend the amount equal to your security deposit with a maximum of $2,500 as a credit line. There is no annual fee charged and you can get decent cashback rewards by using this card.

This card offers 2% cash back at selected categories on spending a maximum of $1000 every quarter, and 1% is earned on all other purchases. There is also a cash back match at the end of the first year which doubles the amount of total cash back earned within that year. In 7 months, you may become eligible for an upgrade to an unsecured card with responsible card use. There is, however, a late fee associated with the card and this card may have limited acceptance abroad compared to other payment networks.

OpenSky® Secured Visa® is the best secured card for borrowers without a bank account or checking account. It requires no credit check and you can pay the bills for the card via Western Union and money orders. The credit line is set by the amount of security deposit you make and can be between $200 to $3000. The card also reports to all the major credit bureaus for building credit.

OpenSky® Secured Visa®, however, does not come with any rewards or cash back offers. Moreover, there is an annual fee of $35 and a foreign transaction fee of 3% associated with the card.

Applied Bank® Secured Visa® Gold Preferred® does not require a credit check or a minimum score. It is for people who want to build credit from scratch or improve their existing scores and reports to the three major credit bureaus.

The credit limit is set by the security deposit made by the borrower and it starts at $200 at minimum. The initial maximum credit limit on this card is $1,000 but can be increased up to $5,000 by making additional deposits after the application is approved.

It is the best card with the lowest fixed interest rate of 9.99% and there is no penalty rate charged either. There is a $48 annual fee associated with the Applied Bank® Secured Visa® credit card and $38 is charged for late payments.

Chime Credit Builder Secured Visa® is specifically for building credit. It requires no credit check to apply, has no annual fee, and does not charge interest. There are no minimum or maximum deposit limits on the card.

You will be required to open a Chime Checking Account with a $200 direct deposit to become eligible for the card. The amount you can spend on your card is the amount you transfer from your checking account to the Credit Builder Secured Account.

Chime Credit Builder Secured Visa® reports to all the major credit bureaus and the Visa payment network makes it a useful card for making foreign transactions or making purchases online due to wider acceptability worldwide. However, you won’t be able to enjoy any cash back offers or other rewards with this card.

This is another no credit check secured credit card that can help people build credit. It reports to all three major credit bureaus and you can track the progress of your credit score for free through their mobile app. You can be upgraded to an unsecured credit card in as little as 6 months after responsibly using this card and improving your credit.

Your credit limit is equal to the amount you deposit in your card account, which can go up to a maximum of $2,000. There is also a 1% cash back reward offered on payments made to your First Progress Secured credit card account. Moreover, this card is widely acceptable locally and internationally due to its Mastercard Payment network.

First Progress Platinum Select Mastercard® Secured, however, does come with more fee types than many other secured credit cards. It charges an annual fee of $39 and there is a 3% charge on foreign transactions. There is also a late payment fee of $41 and a returned payment fee of up to $30 associated with the card.

The State Department Federal Credit Union (SDFCU) offers its Savings Secured Platinum Rewards credit card to those individuals who have bad credit and need to improve it. It requires no credit check and you can get the card upon depositing a minimum amount of $250 in the SDFCU Savings account. There is no preset maximum credit limit for the card and you can use as much as you deposit in your savings account.

The Savings Secured Platinum Rewards charges no annual or foreign transaction fees, and it comes with various rewards for its holders. By using the card on purchases, you can earn a Flexpoints Reward point against every dollar spent. These points can be redeemed as cash back, or in the form of flight discounts, hotel stay discounts, gift cards, and directly on merchandise also.

You can avail of various travel-related safety benefits that this card brings like travel and emergency assistance services, lost luggage reimbursement, etc. Moreover, the Mastercard payment network makes it even a friendlier card to travel with as it is accepted globally.

Capital One® Platinum Secured® is another secured credit card that requires no credit check to apply. To open an account, you are required to make a security deposit of a minimum of $49. The initial credit line for this card is a maximum of $200, which increases to a maximum of $1000 after approval upon making additional deposits.

Upon meeting the eligibility and application requirements, applicants can get approved within 60 seconds. This secured card has no annual or foreign transaction fees. Moreover, it reports to the three major credit bureaus which can help build credit with responsible use. Over time, after your credit score improves, you may become eligible to earn back your deposit and get upgraded to an unsecured credit card.

Capital One® Platinum Secured®, however, does not come with any rewards or bonuses and charges a late payment fee of up to $40. Its APR rates are also higher than many others.