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


First Progress Platinum Prestige MasterCard

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.

 

Our Secured Credit Card Sponsored Offers:

Merrick Bank Double Your Line™ Secured Visa®

  • Put down $200, which becomes your credit line. Then, if you qualify, double your credit line to $400 without making another deposit.
  • Double your $200 credit line by making at least your minimum payment on time each month for the first 7 months your account is open.
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. We report your payment history to all three major credit-reporting agencies.
  • Get 100% U.S.-based customer service & get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with available Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

Intro Rate Credit Line Regular APR Annual Fee Credit Needed
N/A $200, which doubles to $400 if you qualify 17.45% Variable $36 the first year. Billed $3 per month thereafter See website for Details

Merrick Bank Secured Visa® from Merrick Bank Merrick Bank Secured Visa

  • Choose your own credit line based on how much money you want to put down as a security deposit.
  • Initial deposits can be from $200 to $3,000. You can increase your credit line at any time by adding additional money to your security deposit, up to $3,000.
  • After 9 months, we review your account for a credit line increase. No additional deposit required!
  • Secured Credit Cards are great for people looking to build or rebuild credit and are available to people with all kinds of credit backgrounds.
  • Unlike a debit card or a pre-paid card, it helps build your credit history. As you pay your bill every month, we report to all three major credit-reporting agencies.
  • Get 100% U.S.-based customer service & get your FICO® Credit Score for free each month.
  • Fraud coverage if your card is lost or stolen. Access your account 24 hours a day, 7 days a week. Get help staying on track with Auto Pay and account alerts.
  • Card issued by Merrick Bank, Member FDIC.

Intro Rate Credit Line Regular APR Annual Fee Credit Needed
N/A N/A* 17.45% Variable $36 for first year.
Billed $3 per month thereafter
Poor/ Limited/
Damaged

Applied Bank® Secured Visa® Gold Preferred® Credit Card

  • Better than Prepaid...Go with a Secured Card! Load One Time - Keep On Using
  • Absolutely No Credit Check or Minimum Credit Score Required
  • Automatic Reporting to All Three National Credit Bureaus
  • 9.99% Low Fixed APR - Your Rate Won't Go Up Even if You Are Late
  • Activate Today with a $200 Minimum Deposit - Maximum $1,000. * Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime

Intro Rate Credit Line Regular APR Annual Fee Credit Needed
N/A See website for Details* 9.99% $48 Poor/ Limited/
Damaged

First Progress Platinum Select MasterCard® Secured Credit Card

  • Invest your tax refund to improve your credit by making the refundable deposit for your new secured card today
  • 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® 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 $200 -- $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

Intro Rate Credit Line Regular APR Annual Fee Credit Needed
N/A $2,000 13.99% $39 Damaged/Fair

First Progress Platinum Prestige MasterCard® Secured Credit Card

  • Invest your tax refund to improve your credit by making the refundable deposit for your new secured card today
  • No Credit History or Minimum Credit Score Required for Approval
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
  • Nationwide Program though not yet available in NY, IA, AR, or WI *See Card Terms.
  • Apply in just a few moments with no negative impact to your credit score; no credit inquiry will be recorded in your credit bureau file

Intro Rate Credit Line Regular APR Annual Fee Credit Needed
N/A $2,000 9.99% (V) $49 Damaged/Fair

The First Progress Platinum Elite MasterCard® Secured Credit Card First Progess Platinum Elite MasterCard

  • Invest your tax refund to improve your credit by making the refundable deposit for your new secured card today
  • 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® Secured Credit Card
  • Nationwide Program though not yet available in NY, IA, AR, or WI *See Card Terms.
  • Apply in just a few moments with no negative impact to your credit score; no credit inquiry will be recorded in your credit bureau file

Intro Rate Credit Line Regular APR Annual Fee Credit Needed
N/A up to $2,000 19.99% (V) $29 Damaged/Fair

CreditSoup CreditSoup

  • A better way to get a Card Offer!
  • Credit Cards
  • Secured Cards
  • Prepaid Cards
  • Search, Compare, Apply!
Intro APR Regular APR Intro APR Period Monthly Fee (up to) Balance Transfers
N/A N/A N/A N/A N/A
Advertiser Disclosure: See the online credit card applications for details about terms and conditions of credit card offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button you can review the credit card terms and conditions on the credit card issuer's web site.

helpful tips

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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About Us

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.
  • Equipment Leasing Programs
    We provided equipment leasing in the USA only. Minimum lease amount of $5,000. We do most types of equipment and provide programs to equipment sales people to help them provide financing for their customers [more]
  • New Business Equipment Leasing (Start up Businesses)
    This program requires no time in business. Must types of equipment funded. No vending routes or ATM routes. Minimum lease amount is $5,000. Homebased business o.k. [more]
  • Bad Credit Equipment Leasing
    This program is for people with PAST credit problems. If you are currently going thru problems or your bankruptcy is less than 3 years old. This program is not for you. Must have started to re-establish credit. Minumum lease amount of $5,000. [more]
  • Secured Business Loans
    These programs are secured by some sort of collateral. It can be already owned equipment, a companies accounts recievables, or even their monthly merchant account. Most of these DO NOT require the business owner to have good credit. Since the loan is secured, bad credit can be approved. [more]