These are revolving charge cards that function the same as unsecured credit cards. They feature a Visa, Mastercard or Discover logo and can be used at merchants and ATMs worldwide. The only difference is they are issued by banks to consumers who have a lower credit rating or past payment problems. They do require a security deposit or savings account at the issuing financial institution. Your available credit balance is determined by the amount of money held in security. These accounts are an excellent way to establish new credit or rebuild your credit rating.

Our Top Picks:

New Millennium Bank has guaranteed your credit approval for up to $10,000* (with both cards) in secured credit! Build or rebuild your credit the SMART way with a NMB Gold secured credit card! Approved regardless of credit history Credit limits up to $10,000* Reports to all 3 bureaus Get cash at over 740,000 ATMs No credit check Apply Now! * Terms and conditions apply.

New Millennium Bank has guaranteed your credit approval for up to $10,000* (with both cards) in secured credit! Build or rebuild your credit the SMART way with a NMB Secured Black Diamond Visa® or Mastercard® credit card! Approved regardless of credit history Credit limits up to $10,000* Reports to all 3 bureaus Get cash at over 740,000 ATMs No credit check Apply Now!