The Discover it Secured Card is a rare bird in the world of secured cards — while
other secured credit cards offer no rewards to their cardholders, the Discover it Secured Card gives you the chance to earn 2 % cash back on all your purchases, up to $ 1,000 in combined spending per quarter at gas and restaurants and 1 % on everything else.
While other secured credit cards set your credit limit to equal your security deposit, Capital One ®'s starts at $ 49, and can get you a credit limit beginning at $ 200 if approved.
The card has a fairly low APR of 7.49 % — this is especially good when you compare it to
other secured credit cards which typically charge their users 20 % or more.
One of the
only other secured credit cards with a 1 % rewards rate we've seen is the State Department Secured Card that you can find later on in this list.
The card has rather modest APR of 18.39 % and not so high late fee of $ 27 comparing to
other secured credit cards.
While that 1 % is nothing extraordinary when compared to other credit cards, it is extremely good when compare it to
other secured credit cards.
The reason we haven't included those cards in our top picks of secured credit cards is that both cards have an annual fee and require a minimum deposit of $ 300, a tad higher than
the other secured credit cards.
Since it is a secured credit card, the SKYPASS Secured Card offers limited benefits, but they are favorable compared to
other secured credit cards.
The annual fee is competitive when compared to
other secured credit cards.
It has a fixed APR that is lower than many of
the other secured credit cards out there.
Here are three
other secured credit cards that people typically consider, along with our thoughts on how each card stacks up to the Capital One ® Secured Mastercard ®.
The card also has a much more flexible deposit policy than many of
the other secured credit cards on the market.
Capital One ® has no annual fee - compare this to an average of $ 35 to $ 40 that
other secured credit cards can charge.
Here is a comparison of the annual percentage rate (APR) of the UNITY Visa ® Card and
other secured credit cards offered by national banks (effective January 2016).
The Discover it ® Secured Card — No Annual Fee has two additional advantages over some of
the other secured credit cards.
While that 1 % is nothing extraordinary when compared to other credit cards, it is extremely good when compare it to
other secured credit cards.