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Best Highest-Limit Secured Credit Cards Currently Offered

Consumers with poor credit or no credit may occasionally need help to get approved for any credit card. Secured credit cards offer a way for almost anyone to be approved and to begin establishing a credit history. With a secured credit card, customers must deposit cash into a bank account in an amount typically equivalent to the card’s credit limit (known in these cases as a collateral account). 

Many cardholders can convert their secured card to a non-secured equivalent and get their money back by acting responsibly. Similarly to that, the deposit will be repaid when a connected account closes and is still in good standing.

Discover it® Secured Credit Card

The Discover it® Secured Credit Card is a versatile secured card with several features commonly seen on unsecured cards. Cash back rewards, a sizable welcome bonus, no foreign transaction fees, and more are all available to cardholders without paying an annual fee. Many cards allow you to take out a 500 dollar loan with monthly payments for any need.

On combined purchases of up to $1,000 every quarter at gas stations and restaurants, cardholders receive a competitive 2% cash back, followed by 1%. Additionally, you may automatically get 1% cash back on all other transactions indefinitely. Another distinctive feature of the welcome bonus is that Discover will automatically match all cash back you’ve earned at the end of your first year of card membership for new cardholders only.

The Chime Credit Builder Visa® Credit Card 

With the Chime Credit Builder Visa® Credit Card, you may automate your payments to ensure that you never miss a payment because there is no minimum deposit requirement, no annual fee, and no interest is charged. You must use Chime banking, though, in order to obtain it. 

The funds in a linked account, which you can contribute to at any time, serve as the card’s security deposit rather than a security deposit. When your payment is due, you can have the money automatically deducted from your account, but the card won’t allow you spend more than you have available in the account. It functions somewhat similarly to a prepaid debit card, however unlike a prepaid card, it aids in credit building. 

Applying does not involve a credit check. If your card has a grace period, paying up the entire debt each month by the due date will save you from incurring interest on purchases.

Citi® Double Cash Card

Although the minimum credit limit for this card is a relatively low $500, according to Credit Karma user ratings and information from other sources, you may be able to acquire limits closer to $10,000, or even $40,000 or higher, following credit limit expansions.

With the Citi® Double Cash Card, you may receive 2% back on all purchases regardless of your credit limit – 1% while you use the card and 1% when you pay your bill. 

OpenSky Secured Visa

An excellent alternative for establishing credit is the OpenSky® Secured Visa® Credit Card. Since this is a soft-draw credit card, you won’t need to go through a credit check in order to get authorized. You may deposit up to $3,000 and receive a credit limit that matches it.

In fact, regardless of their credit histories, all cards receive the same APR (18.99% variable) and are qualified for the same credit limit range ($200 to $3,000). Due to this, the OpenSky Secured Visa becomes especially alluring if your credit has been seriously harmed by late payments or bankruptcy. Credit card rates have skyrocketed over the last four years by over 3.38 percentage points, increasing monthly expenditures for customers.

You’ll appreciate the absence of a credit check on the application if you’re concerned about how applying for a new card will affect your credit or if you’re unsure of your chances of approval. 

U.S. Bank Cash+ Visa Secured Card

The $300–$5,000 refundable deposit for the U.S. Bank Cash+ Visa Secured Card will act as your credit line.

The credit card has no yearly fee and gives 5% cash back on up to $2,000 in purchases made in two categories of your choosing each quarter, 2% cash back on one everyday category of your choosing, and 1% back on all other transactions.

You can exchange cash back points for a statement credit to your account, a direct deposit into a checking, savings, or money market account at U.S. Bank, or a U.S. Bank rewards card.

Platinum Secured Mastercard® from First Tech Federal Credit Union

You must submit a deposit equal to the desired line of credit in order to use this card, which has no annual fee and credit limits of up to $25,000.

Additionally, Platinum Secured Mastercard® holders receive one point for every dollar spent on all purchases. This is a wonderful benefit because secured cards sometimes don’t have rewards programs. According to the First Tech Federal Credit Union, you may exchange your points for goods, trips, and charitable donations.

Additional perks offered by this card include roadside assistance, collision damage waiver for rental cars, extended warranty protection, purchase protection, trip cancellation and interruption insurance, baggage delay insurance, trip cancellation insurance, trip accident insurance, and trip accident services.

Petal® 2 Visa® Credit Card

The Petal® 2 Visa® Credit Card could be able to help you establish credit while also giving you a greater credit limit if you’re unsure if you’ll be able to qualify for some of the rewards cards on our list. The credit limits for this card are both the minimum and maximum; if you’re authorized, your limit might be anything from $300 to $10,000. Additionally, preapproval doesn’t guarantee approval until you submit a formal application, but you may check on the Petal website to see whether you’re preapproved for the card without it having an impact on your credit ratings.


After showing responsible card usage, which includes paying your payment in full and on time each month and maintaining your balance far below your credit limit, these cards frequently act as stepping stones for customers to develop their credit profile.

An issuer will provide you a credit limit after approval and in exchange for a refundable security deposit that is frequently equivalent to the sum you put down. You would generally receive a $500 line of credit if you put $500 down, for instance. As you deposit more money, your credit limit might increase.

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