Best Credit Cards To Get That Do Not Require A Deposit with a Bad Credit Score

It’s understandable to not want to put the same money you could’ve better spent elsewhere just to use a new credit card that you will be paying interest on in the future. Fortunately there are ways around to put you in a better position.

Although getting a secured credit card that requires a security deposit has much higher approval odds, you still have options that do not require a deposit as credit card providers remain competitive to earn the business of poor credit individuals. When getting a credit card for the purpose of rebuilding credit, you want to find that offers easy approval and carries the lowest costs.

Most credit card issuers that offer secured credit cards will typically require the deposit to be in the amount you’re approved for. A $2,000 credit limit, requiring $2,000 upfront to get your new credit card that could potentially have interest rates. Deposits can sometimes even cause an individual to miss their first credit card payment hurting their credit score even more.

Authorized User Of Someone Else’s Card

If you have a relative or friend who is good with paying their credit card every month. See if you can be put on that credit card as an authorized user. This activity is still reported to the credit bureaus, yet there is no credit check or qualifications for a cardholder to add an authorized user.

If your friend or relative is willing to give you that card to use, you can have an instant credit card with a potentially higher limit than what you would be approved for. While there may possibly be a fee either one-time or annually for an authorized users, there is no large deposit required to be put on as an authorized user since you have no legal obligation to repay the balance.

Capital One Platinum MasterCard

This card offered by Capital One provides easy approval for poor credit individuals with no security deposit required. Since this card is unsecured, the approval requirements for this card may be slightly more strict but you may have better approval odds with a 520 or higher score or a high income of $45,000 or more.

The best benefit to this card is after making 5 monthly payments on time, you will get access to a higher credit line with no request needed. A higher credit line is highly beneficial to your credit report and keeping the usage well below the maximum limit making timely monthly payments will improve your credit score overtime.

Credit One Platinum Visa For Rebuilding Credit

The Credit One Platinum Visa Card for rebuilding credit is catered to individuals with a poor credit history. This card is unsecured and does not require a deposit, but offers a credit line as high as $1,500 depending on your credit worthiness and income. Those with a 550 credit score and an active checking account proving their responsibility have increased odds of approval.

In addition to the high limit you may approved for without having to put any money down to secure your new credit line, this card offers great flexibility to rebuild your credit. With perks such as flexible payment dates, $0 fraud liability protection, and reporting to all 3 credit bureaus. While this card offers great spending and repayment benefits, there is an annual fee. Approval does have tighter requirements, and missing payment date could add on additional interest.

This unsecured card is available to those both new to credit or those with very poor to really bad credit. Being unsecured provides the benefit of not having to pay a deposit upon being approved. This card is generally easy to get approved for with solid employment stability and income that exceeds your monthly expenses.

Users of this card will certainly have too pay for the luxury of not paying a deposit with this card. This card has an APR of 29% which is considered to be high even for poor credit cardholders. The card’s initial limit allows a maximum of $300 approved.

Indigo Platinum Mastercard

This credit card is specific to those with poor credit scores who want to rebuild their credit history by reporting information to all 3 credit bureaus. It offers easy approval for those with a FICO score around 500. This card also allows applicants to pre-qualify without a hard pull on their credit and prevent them from being denied with a worse score.

If Indigo determines you would not be approved for the card, they will refer you to the OpenSky Secured Visa Credit Card, which has no credit check. This card has a pretty high interest rate of around 23.9% and has no annual fee for the first year.

While most second chance credit cards both secured and unsecured offer an initial approval limit of around $200-300, the Surge MasterCard Credit Card offers a $500 initial credit limit. This card is catered to individuals with poor credit histories, they will initially review an applicant for an unsecured card but may require a deposit between $50 to $500.

The Surge MasterCard does require a checking account, which increases an individual’s odds of approval. Even though a deposit may be required in situations where an applicant has terrible credit, this card will allow an initial credit limit of $500 with easy approval for a lower cost.


Best Credit Cards for Poor Credit

Poor credit credit cards no deposit

Poor credit credit cards no deposit

If you've had some bad luck with credit, you may find that a lot of credit cards require good or excellent credit for approval, making it difficult to qualify for new credit cards. This not only makes it challenging to get access to a line of credit but build credit as well. Luckily, a number of issuers have introduced high-quality credit cards for consumers with fair credit. Today, poor credit offers range from cards with cash back to those with low interest rates. Keep reading to see our picks for the best credit card offers for poor credit. See More

Poor credit credit cards no deposit

Poor credit credit cards no deposit

Poor credit credit cards no deposit

Best Rewards Credit Card for Poor Credit

Poor credit credit cards no deposit

Need to build or rebuild your credit score but don't want to miss out on rewards? Look no further than the Discover it® Secured Credit Card. You earn 2% cash back at restaurants and gas stations on up to $1,000 in combined purchases each quarter and 1% cash back on anything else. All for no annual fee. Discover it® Secured Credit Card also comes with an introductory 10.99% APR deal on balance transfers for the first 6 months. And in the first year, Discover matches whatever cash back you earn. Discover reports your activity to three major credit bureaus and reviews your account every seven months to see if you can transition to a new card. Discover it® Secured Credit Card also provides tools to help you spend responsibly. You receive free monthly access to your FICO® credit score, email alerts, text reminders and 24/7 customer service.

As a secured card, you’ll have to put down the security deposit before opening an account. The Discover it® Secured Credit Card also comes with high APR on balances and cash advances. There’s no sign-up bonus, but it’s one of the only secured cards with cash back rewards.

Very few cards available to those with poor credit offer so much. We think Discover it® Secured Credit Card card is the best card out there for building credit while earning rewards.

  • No annual fee
  • 2% cash back at restaurants and gas stations on up to $1,000 in combined purchases each quarter
  • 1% cash back on every other purchase
  • Introductory 10.99% APR on balance transfers for the first 6 months
  • 23.99% variable APR
  • No sign-up bonus
  • New! We'll monitor your Social Security Number. Get an alert if we find your Social Security Number on any of thousands of risky websites.* Activate for Free.
  • No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
  • Your Secured Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line.
  • We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
  • Earn 2% cash back at restaurants & gas stations on up to $1,000 in combined purchases each quarter. Plus, 1% cash back on all your other purchases.
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.

Need to build or rebuild your credit score but don't want to miss out on rewards? Look no further than the Discover it® Secured Credit Card. You earn 2% cash back at restaurants and gas stations on up to $1,000 in combined purchases each quarter and 1% cash back on anything else. All for no annual fee. Discover it® Secured Credit Card also comes with an introductory 10.99% APR deal on balance transfers for the first 6 months. And in the first year, Discover matches whatever cash back you earn. Discover reports your activity to three major credit bureaus and reviews your account every seven months to see if you can transition to a new card. Discover it® Secured Credit Card also provides tools to help you spend responsibly. You receive free monthly access to your FICO® credit score, email alerts, text reminders and 24/7 customer service.

As a secured card, you’ll have to put down the security deposit before opening an account. The Discover it® Secured Credit Card also comes with high APR on balances and cash advances. There’s no sign-up bonus, but it’s one of the only secured cards with cash back rewards.

Very few cards available to those with poor credit offer so much. We think Discover it® Secured Credit Card card is the best card out there for building credit while earning rewards.

Best Low Interest Credit Card for Poor Credit

Poor credit credit cards no deposit

primor® Secured MasterCard Classic Card

primor® Secured MasterCard Classic Card is a great tool for improving your credit score. Applicants with limited or no history can get approved. There isn’t even a credit check! You can easily establish a credit limit between $200 and $5,000. Berkshire Bank issues your card and the application process is fast, easy and free. Since your activity is reported to all three nationwide credit bureaus, it’s easy to establish or re-establish your credit with responsible use. The best part of primor® Secured MasterCard Classic Card is its low 13.99% interest rate. Even unsecured cards charge more. There’s also no penalty rate and a generous 25-day grace period. Since it’s a MasterCard, it’s accepted almost anywhere.

You’ll have to put down the security deposit equal to your desired credit line when you open up a new account. Plus, there’s a $39 annual fee and additional fees for most card activity, from cash advance to foreign transaction. There are no balance transfer options.

As long as you pay the balance in full every month, primor® Secured MasterCard Classic Card is one of the best options for building or rebuilding credit. We think it’s a solid option for people with limited credit history looking for a low fixed-interest rate.

  • 13.99% interest rate
  • No credit check required
  • No penalty APR
  • $39 annual fee
  • 3% foreign transaction fees
  • $5 or 5% cash advance fee, whichever is greater
  • Credit lines available from $200 to $5,000! Low fixed 13.99% interest rate on purchases - with no penalty rate!
  • No minimum credit score requirements! We invite all credit types to apply! No processing or application fees!
  • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line.
  • See additional primor® Secured Mastercard Classic Card details

primor® Secured MasterCard Classic Card is a great tool for improving your credit score. Applicants with limited or no history can get approved. There isn’t even a credit check! You can easily establish a credit limit between $200 and $5,000. Berkshire Bank issues your card and the application process is fast, easy and free. Since your activity is reported to all three nationwide credit bureaus, it’s easy to establish or re-establish your credit with responsible use. The best part of primor® Secured MasterCard Classic Card is its low 13.99% interest rate. Even unsecured cards charge more. There’s also no penalty rate and a generous 25-day grace period. Since it’s a MasterCard, it’s accepted almost anywhere.

You’ll have to put down the security deposit equal to your desired credit line when you open up a new account. Plus, there’s a $39 annual fee and additional fees for most card activity, from cash advance to foreign transaction. There are no balance transfer options.

As long as you pay the balance in full every month, primor® Secured MasterCard Classic Card is one of the best options for building or rebuilding credit. We think it’s a solid option for people with limited credit history looking for a low fixed-interest rate.

Best Military Credit Card for Poor Credit

Poor credit credit cards no deposit

The USAA Secured Card® Platinum Visa® offers a unique chance to build or rebuild credit. You determine your own credit limit between $250 and $5,000. While most secured cards come with high APR, depending on your creditworthiness you can qualify for 10.90% - 20.90% Variable with this card. You'll even earn interest on your deposit with a two-year USAA Bank CD. Plus, there are no foreign transaction fees. The USAA Secured Card® Platinum Visa® also offers benefits most secured cards don’t, like identity theft resolution. And no other secured card can compete with military-specific benefits. You pay 4% on balance transfers for 12 months before and during deployment or permanent station changes. You also pay 4% APR on balances during and one year after active duty. The USAA's deployment team also guides you through the deployment process.

As a secured card, you’ll have to put down the security deposit as you open the new USAA Secured Card® Platinum Visa® account. There's also a $35 annual fee, but low interest rates and fees make up the difference.

The USAA Secured Card® Platinum Visa® provides unbeatable benefits and savings for members of the military. It’s also one of the few secured cards you can use abroad without fees. We think it's perfect for active-duty members who are looking to rebuild credit and save up on fees normally associated with secured credit cards.

  • 2-year CD that earns interest on your deposit
  • 4% APR during deployment or PCS
  • Rebates on charges accrued in qualified military campaigns
  • No foreign transaction fees or penalty APR
  • $35 annual fee
  • Exclusively for USAA members
  • Best for members rebuilding or establishing credit.
  • Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
  • No foreign transaction fees when you travel outside the United States.

The USAA Secured Card® Platinum Visa® offers a unique chance to build or rebuild credit. You determine your own credit limit between $250 and $5,000. While most secured cards come with high APR, depending on your creditworthiness you can qualify for 10.90% - 20.90% Variable with this card. You'll even earn interest on your deposit with a two-year USAA Bank CD. Plus, there are no foreign transaction fees. The USAA Secured Card® Platinum Visa® also offers benefits most secured cards don’t, like identity theft resolution. And no other secured card can compete with military-specific benefits. You pay 4% on balance transfers for 12 months before and during deployment or permanent station changes. You also pay 4% APR on balances during and one year after active duty. The USAA's deployment team also guides you through the deployment process.

As a secured card, you’ll have to put down the security deposit as you open the new USAA Secured Card® Platinum Visa® account. There's also a $35 annual fee, but low interest rates and fees make up the difference.

The USAA Secured Card® Platinum Visa® provides unbeatable benefits and savings for members of the military. It’s also one of the few secured cards you can use abroad without fees. We think it's perfect for active-duty members who are looking to rebuild credit and save up on fees normally associated with secured credit cards.

Methodology SmartAsset has developed a quantitative and independent system for evaluating the relative value of a credit card offer versus other offers in the marketplace. Our system evaluates cards based exclusively on their features, such as their rewards earning rate (if applicable), fees, perks, and rewards program redemption options. The annual rewards values on this page are calculated using annual spending assumptions in various categories such as, but not limited to, gas, restaurants, airfare, and US supermarkets. These spending assumptions are built on research that SmartAsset has conducted on existing balance transfer credit cardholders. Our promise with our credit card recommendations is that we will always strive to have the most comprehensive, accurate, and objective method of evaluating credit card offers. Any recommendations are solely determined by the result of this research and model, and is never influenced by any fees, commissions, or other forms of compensation that SmartAsset may receive from credit card issuers for leads generated on our website.