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Two other secured cards are similarly easy for bad- or no-credit consumers to obtain. The biggest obstacle is that you cannot already have two or more Capital One cards. Your monthly income must be at least $425 more than your monthly rent or mortgage payment. Requirements for this card are typical in terms of age and residency. It’s easy to acquire because it’s secured by your cash deposit of $49 to $1,000. Our top secured card for consumers with no credit is the Capital One Platinum Secured Credit Card. Typically, these include secured, student, and prepaid cards. But you can get a type of credit card that ignores credit scores. Instead, cards are categorized by credit rating, i.e., excellent, good, fair, bad, and no/limited credit.įICO credit scores range from 300 to 850, with scores below 580 considered to be bad. There is no set minimum score to obtain a credit card. You must be 18 or older, reside in the United States, and not be in active bankruptcy proceedings. You may be disqualified due to previous experiences with the issuer.įinally, we recommend the Discover it® Secured Credit Card if you are looking to consolidate your credit card debt via balance transfers. resident, age 18+, with sufficient monthly income and a valid Social Security number. To qualify for this card, you must be a U.S. You can subsequently increase your deposit, and credit line, to $1,000. Your initial card limit will be $200, requiring a deposit of $49, $99, or $200. We also recommend the Capital One Platinum Secured Credit Card if you have no credit history. These cards are great for building credit because they report your payments to all three credit bureaus - Experian, TransUnion, and Equifax. Your credit limit will be equal to the amount you deposit. Our top choices are the Secured Sable ONE Credit Card and OpenSky® Secured Visa® card, which don’t require a credit check to obtain. We’ve recommended three secured cards in this article. This facilitates easy approval and relatively low APRs. By depositing cash collateral, you reduce the issuer’s credit risk. Without a doubt, secured credit cards are the easiest to obtain.