
A secured credit card can help you build credit. You will need to deposit a minimum monthly amount and make the minimum monthly payment. The best situation is to pay the full balance each month. Luckily, the deposits you make are refundable once you close the account. This means that you can continue to use your card for many years without having to pay the balance.
Capital One Platinum Secured Credit Card
The Capital One Platinum Secured Card Credit Card is a great option to establish credit history, especially if you have struggled with payments in the past. You can make a deposit as low as $49 or $99 and up to $200. Capital One will let your make installments over time, and you will receive your card after you've paid the deposit. You can expect a $1,000 credit limit, so it's worth checking out.

The Capital One Platinum Secured card has an initial credit limit of $200. This limit can be increased by adding $800 to your initial deposit. After six months, you can also apply for a higher credit line by increasing your initial deposit. In fact, you can get a credit limit increase of up to $1,000 after just six months. This is a great opportunity to build your credit and improve your score. Be sure to make your payments on-time.
Get it Secured
For anyone who is looking to build a credit history, the Discover it secured credit card is a good option. This card comes with no annual fee and no minimum balance. It will help you rebuild credit and earn rewards. It's especially beneficial for students, as there is an annual fee and the ability to transfer your balance to an unsecure Discover card after seven consecutive months of good payments. After you have been responsible with your card you can move to a safer card without having to make a security deposit.
Other features of the Discover it Secured credit card include $0 annual fees, no foreign transaction fees, and no late payment fees. The card will charge you a late payment fee, but this can be avoided if you make all your payments on time. Lastly, you won't be charged for purchases made internationally. Balance transfer fees for international purchases are not charged. They start at three percent of total balance transfer amount and increase to five percent over the following six months. This makes it a very affordable option for building your credit.
Citi Secured Mastercard
Citi Secured MasterCard, despite the fact that there are many outstanding secured credit card options available, is our top choice. This credit card has a low minimum security deposit of $200 to $2,500. It will allow you to build credit history and practice responsible financial management. You can use the card for up to one year, then upgrade to a higher limit when you are ready.

Another notable feature of the Citi Secured Mastercard is its annual fee of zero dollars. This is unusual among secured credit cards which often have high annual fees but offer few benefits or perks. Many unsecured credit card building cards also charge eye-popping fees each year, which tends to increase the cost of the card after the first. Although this card has a low annual cost, you will still be charged a significant amount once you start using it.