The best for cashback bonuses: Discover it Secured credit card
With this credit card, you earn an unlimited cashback bonus of 1% on all purchases and 2% on the first $1,000 charged for dining or gas. And after the first year, Discover matches all the bonuses you acquired. It is free money for making regular purchases.
The best for flexible purchasing power: Capital One Platinum Secured credit card
This secured card is one of the few that offers you flexible terms upon opening the account. Depending on your credit, you might only have to put down a deposit of $49 or $99 to open the card. And after six timely payments, they'll review your account for a credit line increase. This card is perfect for those seeking simple terms and increased purchasing power.
The best for military families: Navy Federal Credit Union nRewards Secured credit card
You can rack up the rewards, as this card gives you one point for every dollar charged. You can also receive a credit line increase after three timely payments. And after six months, you could have your deposit refunded. You'll also never pay an annual fee, foreign transaction charge, or an added cost for transferring a balance. Overall, it gives you many benefits you might not find with similar options.
The best for no credit checks: OpenSky Secured Visa credit card
The OpenSky Secured Visa credit card is a convenient option if you do not want to undergo a credit check. If you earn approval, your deposit becomes your credit line. The provider also reports your payments to all three credit bureaus, ensuring your responsible behaviors help you build your credit score.