Secured Credit Cards
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No Credit History? No Problem with Secured Credit Cards!


As their names imply, secured credit cards come with security deposit requirements. They serve two important purposes - to guarantee the repayment of your future credit card charges and to determine the spending limit or cap that will be imposed on your account. By sticking to your monthly bills, you can improve you chances of eventually qualifying for an unsecured credit card account.

How to Select the Right Secured Credit Card For You?


See to it that your chosen card issuer submits timely reports of cardholder activities to the three major credit bureaus. That's because not all firms do this. Good thing that the banks and credit card firms listed below work closely with Equifax, Experian and TransUnion to help consumers jumpstart and rebuild their credit history.

You should also look for a program that offers periodic credit increases, for you to enjoy higher spending limits, later on.

Practical Suggestions for Jumpstarting or Rebuilding Your Credit History with a Secured Credit Card

  • Look for firms that submit monthly reports of consumer credit and payment activities to the three major credit bureaus.

  • Remember that the security deposit will determine the limit that will be imposed on your card program. So if you want to avail a higher spenfing limit, you should deposit a big amount to your choosen bank.

  • Use at most 30% of your spending limit. That way, you can keep your debt-to-limit ratio low, which will in turn help you maintain an excellent credit history.

  • Keep up with your secured credit card bills, by submitting complete and prudent payments to your card issuer. Always remember that responsible credit habits can help you maintain an excellent credit standing and avoid making huge payments on interest.

  • Make it a habit to check your credit report, at least every six months. That way, you can be sure that your files will only contain accurate records of your credit and payment activities.

  • Apply for a secured credit card program that offers automatic upgrade to an unsecured account after 12 months of consistent payments. That way, you can enjoy a much higher credit limit, in the coming months.

  • Just remember that the best way to jumpstart rebuild your credit history is to simply settle your secured credit card charges in full and on-time, each month. And see to it that you won’t go overboard with your credit card charges or else you will fail in your quest to establish or regain an excellent credit reputation.
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Our Secured Credit Card Sponsored Offers:

First Progress Platinum Select MasterCard® Secured Credit Card

  • Receive Your Card More Quickly with New Expedited Processing Option
  • See if you're pre-approved in as little as 60 seconds with no harm to your credit score!
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application
  • Full-Feature Platinum MasterCard(R) Secured Credit Card
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $300 -- $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • *See Card Terms.
Intro APR Regular APR Intro APR Period Monthly Fee (up to) Balance Transfers
N/A*
14.99%* (Purchases)
19.99% (Cash Advances)
N/A*
$39*
N/A*


First Progress Platinum Prestige MasterCard® Secured Credit Card

  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application
  • Full-Feature Platinum MasterCard(R) Secured Credit Card
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $300 -- $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • *See Card Terms.
Intro APR Regular APR Intro APR Period Annual Fee Balance Transfers
N/A*
11.99%*
N/A*
$44*
N/A*


OpenSky® Secured Visa® Credit Card

  • Build Your Credit, with monthly updates to all 3 credit bureaus
  • Control Your Finances, start with a security deposit and credit line as low as $200
  • Apply in less than 5 minutes, NO credit check necessary
  • Avoid paying interest, no interest charged on new purchases if the balance is paid in full by the due date each month.
  • Extra Credit When You Need It, increase your credit line up to $5000
  • Easy funding options, with 4 ways to fund and NO checking account needed
Intro APR Regular APR Intro APR Period Annual Fee Balance Transfers
N/A*
17.50% (variable)
N/A*
$29*
Yes*


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Intro APR Regular APR Intro APR Period Monthly Fee (up to) Balance Transfers
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N/A
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N/A


* Visit credit card website for the terms and conditions.


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NHBS Inc has been helping small business obtain secured forms of financing since 1999. We offer specialized equipment leasing programs for start up businesses and businesses facing credit challenges.
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