Best Secured Credit Cards For Bad Credit For April 2014

by Tony Phan · 101 comments

All the best secured credit cards for 2014 are for those who have gotten into credit trouble in the past or simply have yet to start establishing their credit. Your credit limit is based on a security deposit that you simply send to the credit card company, instead of the limit being determined by your credit standing (i.e. a $500 security deposit would signify your credit limit is $500). The amount which you deposit is set aside in a savings account and won’t be used towards paying off your month-to-month balance. You receive the deposit back once your account has been closed.


Secured credit cards report to the credit bureaus, so this would be the main reason people prefer this type of credit card to improve their credit.

If  for whatever reason you’ve landed yourself into a bad credit situation, oftentimes a secured credit card is a better choice for bad credit.  If you are caught in this situation, go for this type of card to repair your credit, after which you’ll be able to either change the card for an unsecured credit card or cancel and get back your full security deposit.

All of the secured card offers in this post are great for people who are just starting out with credit or who have to repair bad credit.

All in all, your credit score can be greatly aided by researching into one of the credit cards below.  Pretty much all secured credit cards come with either annual fees and/or higher-than-average interest rates. Just be sure you carefully look around to compare all the different rates and terms to avoid some of the bad offers out there.

*Remember, if you have Average Credit, you might still be approved for a good rewards credit card that’s targeted to people with average credit. Take a look at the Barclaycard Rewards MasterCard for people with average credit below:

Let’s get you in the right direction towards rebuilding your credit!

Best Credit Cards For Bad Credit 2014

Compare the secured credit cards below to see which is the best-rated secured credit card for you.








Unsecured Credit Cards For Bad Credit Below




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About Tony Phan

Tony Phan has written 415 posts in this blog.

Tony Phan is the lead author at TenBestCards.com. Aside from his contributions to this blog, Tony enjoys traveling and spending time with his wife and good friends. You can find him on Google+.

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Tony Phan

Best wishes in your journey to rebuilding credit : )

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