Best Secured Credit Cards — August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Top secured credit cards currently available include: Grow Financial Federal Credit UnionGrow Financial Federal Credit Union9514 Dorchester Rd Ste 102, Wesley Chapel, SC, 34653 6004A+5.0 ★Texas Ratio: 2.91%'s Visa Preferred Secured has an APR of 1.99%, 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%, Oxford Federal Credit UnionOxford Federal Credit Union54 FAIR ST, NORWAY, ME, 04268A+5.0 ★Texas Ratio: 3.06%'s VISA Credit Card - Secured has an APR of 4.90%, Prestige Community Credit UnionPrestige Community Credit Union6801 S Custer Rd, McKinney, TX, 75248A+5.0 ★Texas Ratio: 4.68%'s MasterCard Secured has an APR of 4.95%, and 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 - Secured (Purchases) has an APR of 4.99%. Rates as of August 28, 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: August 28, 2026
Compare Secured Credit Cards Nationwide
Introductory rate is effective for the first six billing cycles for purchases and balance transfers. After the introductory period expires, or if you do not qualify for an introductory rate, your standard APR will range from 10.49% to 17.99%*. This is a variable rate. Rewards: . Annual Fee: $0
Intro rate expires: 6 months; Regular APR: See Credit Card Addendum
As Low As
Introductory APR for first 6 months. After that, 4.95% up to 17.90% based on your creditworthiness when you open your account. This APR* will vary with the market based on the Prime Rate. Regular APR: 4.95% up to 17.90%
Intro rate expires: 90 days; Regular APR: Prime Rate + 11.75% (as of 07/31/2026: 18.50%); Variable APR; The APR will not exceed 18.00%.
No additional details provided.
Standard
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+2.00% above Share Savings Dividend Rate*
No additional details provided.
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Intro rate expires: 12 months; Regular APR: 17.9%; Fixed interest rates as low as 6.9%; No annual fee, cash advance fee or balance transfer fee; Fully manage your account within OFCU's digital banking (online or app); Our Visa is contactless (Opens in a new Window) and all account information, including your name, is on the back of the card; 24/7 fraud monitoring (phone, text and email); Visa Zero Liability means you're not held responsible for unauthorized purchases; Use this calculator (Opens in a new Window) to see how much difference a lower interest rate makes!
As Low As
No additional details provided.
Helps establish or rebuild your credit. Low fixed rate. All the same great benefits as a Platinum Mastercard! Limit up to $25,000.
As Low As
As Low as
As Low As
Fixed 6.99% APR for purchases, 25-day Grace Period for purchases. No annual fee. Limit determined by loan officer/loan committee. Please see your Secured VISA® disclosure or call (330) 825-2455 for more information.
No additional details provided.
Rate based on credit-worthiness; You set your own credit limit with a deposit to your SouthPoint FCU Regular Savings account.
No additional details provided.
Intro rate expires: N/A; Regular APR: 7.50%
Determined by the amount member designates to be secured from the savings or certificate account
As low as 7.74%. Build credit. Set your credit limit. Your refundable deposit is held in a secured Savings account. The credit limit on your card is established at a level $200 below your security deposit. An everyday card for your purchases. Use your card wherever credit cards are accepted. It works just like a traditional Credit card, and it looks the same, too - merchants can't tell the difference between a secured card and traditional card.
No additional details provided.
Rates as low as 7.75 APR*. 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.
Funds will be held in share account
Actual rate will be determined by your Experian FICO 2 Credit Score.
Interest only; Held until loan is paid off
No additional details provided.
No additional details provided.
As Low As
As Low As; Credit card limit is secured by savings deposit to help member re-establish credit. No annual fee; Use the MyGeorgia Credit Card for all purchases and enjoy your rewards. Click here for more details and to view rewards. Daily limit processing amounts up to your available credit with a maximum amount of $6,500
As Low As
As low as
No additional details provided.
No additional details provided.
+2.00% above Share Savings Dividend Rate*
As Low As; 1
As low as; Regular APR: 8.50%
No additional details provided.
As Low As
Variable Rate
Secured Credit Card APR Trend
Daily national average APR compiled from 224 banks & credit unions — updated daily.
APRs rose 0.052 pts to 15.24%, up from 15.19% last week.
Averages from 266 APR quotes across 224 institutions • As of Aug 29, 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
- Grow Financial Federal Credit Union: 1.99% APR (Visa Preferred Secured)
- Neches Federal Credit Union: 2.90% APR (Visa Platinum Rewards Secured)
- Oxford Federal Credit Union: 4.90% APR (VISA Credit Card - Secured)
- Prestige Community Credit Union: 4.95% APR (MasterCard Secured)
- First New York Federal Credit Union: 4.99% APR (Visa® Credit Card - Secured (Purchases))
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