Discover it® Secured Credit Card<
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
The
Discover it® Secured Credit Card is an excellent choice for consumers who want to earn rewards while building or rebuilding credit. Like the Citi
® Secured Mastercard
®, this Discover secured card has a $0 annual fee. But this card is designed for those with little to no credit or
poor credit, so it may be a better choice for rebuilding credit.
With the Discover it® Secured Credit Card, you 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically At the end of your first year, Discover will match all the cash back you earned, making this an especially good deal. You also get free FICO® score access with this card, as you do with the Citi® Secured Mastercard®.
Plus, Discover offers guaranteed monthly reviews (starting after seven months) of your account to see if you qualify to get your deposit back.
It’s an especially great alternative if you have the funds to put down a security deposit of $1,000 or more and plan to do a lot of regular spending on the card. A higher limit would allow you to rack up a healthy amount of cash back.
Capital One Platinum Secured Credit Card
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
The
Capital One Platinum Secured Credit Card is a good alternative for credit rebuilders who want to minimize the amount they pay for a security deposit.
The Capital One Platinum Secured Credit Card is open to applicants with poor credit who are working on rebuilding. It also has a possibly lower security of $49, $99 or $200, depending on creditworthiness, to get an initial $200 credit limit.
The card also is a good option for applicants who are worried about their credit getting dinged if they apply for a secured card and get denied. Capital One allows you to enter your information online to find out if you’re preapproved with no risk to your credit score.