Bank of America offers its secured card holders the chance to return their security deposit. Bank of America will look at your account for one year to determine whether you are eligible to return the deposit. You'll be able use your card the same way as with an unsecured credit cards if you meet the requirements for a deposit refund. Bank of America's secured credit card is unique because it does not require an additional application for access to unsecured credits.
Capital One Platinum Secured Card Credit Card
Capital One Platinum Secured Credit Card requires that you make a small security payment in order to open your account. This amount can range from $49 up to $200. The deposit is used as collateral, and not for account purchases. However, the deposit can be refunded in full if you close your account or upgrade it. In addition, you can increase your credit limit by depositing more than the required security deposit. This may vary depending on your individual situation.
Capital One Platinum Secured Credit Card is a great option for beginners looking for a credit card. Though this card does not offer any rewards, it does provide a stable platform for building credit slowly and steadily. It is crucial to have good credit in order to get loans with low rates of interest.
Discover it Secured Mastercard
Bank of American's Discover it Mastercard Secured Mastercard is a top-rated credit card. It comes with no annual fees and rewards you would not get from an unsecured loan. It is an excellent option for people with bad credit, who want to build credit. The downside is the high interest rate. The upside to this is that you can build credit without needing to deposit large amounts of money.
High approval rates are a hallmark of the Discover it Secured Credit Card. It's ideal for people with bad credit or no credit history, and it offers a cash back rewards program and rewards for paying your bills on time. You must be at least 18 years old and possess a U.S. bank card and routing number. Within a few weeks, you can expect to hear back from the bank.
Capital One BankAmericard
If you are looking for a credit card with no annual fee and no credit check, Capital One BankAmericard is an excellent option. The card comes with a low deposit and no annual fee. It will help you build your credit history so that you can improve credit scores. This card has one drawback: you cannot take advantage its cash back rewards program.
BankAmericard Secured Credit Card has a minimum $300 security deposit. This could be deterrent to some. Some competitors, however, allow customers to deposit as little as $200. There is also a $40 late fee. However, the BankAmericard Security Credit Card is an excellent choice for individuals who want a credit record and to improve their credit scores. Its 3% foreign transaction charge and low minimum deposit make the BankAmericard Secured Credit Card a great choice for those with good credit but who still need a credit card.
Capital One BankAmericard has a higher credit limit than other banks, and requires a security deposit to secure a secured credit card. There is a maximum credit limit of $200, but your credit score and financial history will determine the minimum deposit amount.