Best Secured Credit Cards — June 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Finance Calculators
Top secured credit cards currently available include: Neches Federal Credit UnionNeches Federal Credit Union676 Magnolia Ave, Port Neches, TX, 77713A+5.0 ★Texas Ratio: 1.42%'s Visa Platinum Rewards Secured has an APR of 2.90%, First New York Federal Credit UnionFirst New York Federal Credit Union818 Central Ave, Troy, NY, 12866 5506A+5.0 ★Texas Ratio: 5.58%'s Visa® Credit Card - Purchases - Secured has an APR of 4.99%, Onomea Federal Credit UnionOnomea Federal Credit Union27 251 Old Mamalahoa Hwy, Papaikou, HI, 96781A+5.0 ★Texas Ratio: 0.62%'s Visa Platinum Secured has an APR of 5.00%, IBEW Local 66 Federal Credit UnionIBEW Local 66 Federal Credit Union4345 ALLEN GENOA RD, PASADENA, TX, 77504A+5.0 ★Texas Ratio: 1.92%'s Unsecured Financing A+ 0-36 Months has an APR of 6.00%, and IBEW Local 66 Federal Credit UnionIBEW Local 66 Federal Credit Union4345 ALLEN GENOA RD, PASADENA, TX, 77504A+5.0 ★Texas Ratio: 1.92%'s Unsecured Financing A+ 0-60 Months has an APR of 6.00%. Rates as of June 27, 2026 per MonitorBankRates.
Secured credit cards require a cash deposit that becomes your credit limit, making them accessible to borrowers with limited or damaged credit history. Used responsibly, a secured card is one of the most effective tools for building or rebuilding credit — especially from a federally insured institution.
We display transparent financial health metrics — A–F Safety Grades, Star Ratings, and Texas Ratios — so you can choose a stable, highly-rated institution.
Rates reflect actual verified offers. Last Updated: June 27, 2026
Compare Secured Credit Cards Nationwide
Intro rate expires: 6 months; Regular APR: See Credit Card Addendum
Intro rate expires: 90 days; Regular APR: Prime Rate + 11.75%; The Prime Rate as of 05/31/2026 is 6.75%. The APR will not exceed the ceiling, or highest APR of 18.00%. Rates are subject to change at any time and are subject to approval. Offer valid for existing First New York credit card holders only. Offer not valid for current cardholders or cardholders currently in another promotional program.
$25.00 Annual Fee
No additional details provided.
+2.00% above Share Savings Dividend Rate*
No additional details provided.
No additional details provided.
No additional details provided.
As Low As
No additional details provided.
As Low As; An unsecured business line of credit with a 8.50% APR is based on your credit score and line of credit between $5,000 and $250,000. All unsecured business lines of credit require a Personal Guaranty. Unsecured line of credit accounts have a $100 annual fee.
No additional details provided.
As Low As
Funds will be held in share account
Actual rate will be determined by your Experian FICO 2 Credit Score.
No additional details provided.
3% of your balance with a minimum dollar amount of $20.
As Low As
As Low As
Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans are subject to approval.
No additional details provided.
+2.00% above Share Savings Dividend Rate*
$25.00 Annual Fee
As Low As
As Low As; Rate subject to risk adjustment. Credit restrictions apply.
As Low As
As Low As; Rates accurate as of February 1, 2026
As Low As; *1
As Low As; Variable Rate
Penalty APR: 17.90%.
Rate is 8.90% APR*; NO annual fees, NO balance transfer fees, NO cash advance fees! Includes Annual Cash Back Rewards!
As Low As; Max amount of $15,000.00
No additional details provided.
No additional details provided.
No additional details provided.
Secured Credit Card APR Trend
Daily national average APR compiled from 131 banks & credit unions — updated daily.
APRs rose 0.133 pts to 15.10%, up from 14.97% last week.
Averages from 153 APR quotes across 131 institutions • As of Jun 28, 2026
What Is a Secured Credit Card?
A secured credit card requires a refundable cash deposit that typically equals your credit limit. Because the deposit collateralizes the account, issuers can approve applicants with limited or damaged credit histories. Used responsibly, a secured card builds the credit history needed to qualify for unsecured products.
Credit unions are among the best issuers of secured credit cards. They tend to charge lower APRs, require smaller minimum deposits, and offer a clearer path to transitioning to an unsecured card as your credit improves. Membership requirements vary by credit union.
When comparing secured cards, look at the APR, the minimum and maximum deposit, annual fees, and whether the issuer reports to all three major credit bureaus. MonitorBankRates displays Safety Grades and financial health data so you can evaluate the institution alongside the card terms.
Methodology & Data Sources
Direct-Sourced & Verified Rate Data: We aggregate secured credit card APRs nationwide directly from the official websites of banks and credit unions using our proprietary rate aggregation technology. By pulling data straight from institutions’ own digital properties and manually verifying rates daily, every APR on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems monitor 8,500+ banks and credit unions across all 50 states. Secured card availability and deposit requirements vary by institution — using the state filter is recommended to find options serving your area.
Daily Updates & Time-Stamped Accuracy: Our rate team verifies and updates secured card APRs daily. Every product listed features its own specific “last updated” date. Security deposit requirements and credit limits, where disclosed, appear in the product details panel.
Proprietary Institution Health & Safety Grades: MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective FDIC and NCUA regulatory data — including the Texas Ratio — ensuring you choose financially secure institutions.
Frequently Asked Questions about Secured Credit Cards
What is a secured credit card?
How do secured cards build credit?
When can I upgrade to an unsecured card?
Are secured cards from credit unions better?
Will a secured card hurt my credit score?
Top Secured Credit Cards Today
- Neches Federal Credit Union: 2.90% APR (Visa Platinum Rewards Secured)
- First New York Federal Credit Union: 4.99% APR (Visa® Credit Card - Purchases - Secured)
- Onomea Federal Credit Union: 5.00% APR (Visa Platinum Secured)
- IBEW Local 66 Federal Credit Union: 6.00% APR (Unsecured Financing A+ 0-36 Months)
- IBEW Local 66 Federal Credit Union: 6.00% APR (Unsecured Financing A+ 0-60 Months)
More Credit Card Options
