1.Capital One Secured Credit Card – only $29 annual fee
No application fees. You are able to make an application for this card without having to first pay a fee which would be wasted if you are not accepted. Various other secured cards actually charge you a software fee, but not this card.

No balance transfer fee, that allows one to transfer your existing card balances for this card without any fee to do this. Keep in mind that should you choose transfer balances from another account to this card, you have to still spend the money for balance transfer APR, that is a high 22.9% APR.

2.Citi Secured MasterCard – $29 annual fee
Citi’s Secured MasterCard comes with annual fee of $29 ,But it also has one of the lowest interest rates, at 13.24%. I would like to say that this is one of the best credit card.but this card is mot everyone qualifies.

3.Orchard Bank Secured MasterCard – No annual fee for the first year, then $35
With low apr only 7.9% ,You should consider.But be careful the high penalty fee. You will lose 29.49% worth of your bill if you fail to pay for it before due date and at full amount.

No processing fee. It doesn¡¯t take you anything to apply for this card and enjoy its benefits.

No annual fee for the first year, then $35 is required for each year. The $35 annual fee is very reasonable considering the fact that other Orchard cards charge you from $35 to $74(a bottom line) per year while the major previlege they offer is pretty much the same.

4.Wells Fargo secured credit card – $18 annual fee
Wiht low apr and reasonable apr(16.49% variable ) .It great card it help me with my problem plus the customer service is good they will help you the best they could plus do not charge for to get credit limit that was good for me .

5.Navy Federal Credit Union nRewards Secured Card – No annual fee and the interest rate is relatively low( 8.99% to 10.99%).
he Navy Federal Credit Union nRewards Secured Card is the best secured credit card in the market .but this card only for member of Navy FCU.ou earn point per dollar on purchases, which works out to 0.5% to a full one percent depending on your spending levels.

6.The U.S Bank Secured Visa Card – $35 annual fee
$5 or 4% of the amount of each transfer, but Capital One Secured Credit Card have no balance transfer fee

20.99 percent on purchases and balance transfers

This is one of the better secured cards. As for the high interest rate, you can always avoid paying hefty finance charges by paying your balance in full before the grace period ends

7.BankAmericard Fully Secured Visa Credit Card – $39 annual fee
$39 annual fee, in addition to your security deposit. The card has a 24.24% variable interest rate for direct deposits, cash advances and overdraft protection

Standard APR : 18.24%

There is a $39 annual fee

4% fee on wire transfers, balance transfers, and cash advances, with a minimum of $10

3% fee on overdraft protection transfers, with a minimum of $10

3% fee on foreign transactions

Late payment fees are $15 if your balance is $100 or under, $29 if your balance is $250 or lower, and $39 if your balance is above $250

8.American Savings Bank Student Secured Visa Card – no annual fee
No annual fee.it’s a wonderful benefit.all most secured credit card have $19-$99 annual fee.

Fixed interest rate even though the exact APR rate and other interest rates are not published online yet. If you are interested, you may call the American Savings Bank customer service department to get a current list of rates.

9.First Progress Secured Platinum MasterCard – $39 Annual fee

14.99% for all purchases and 19.99% for cash advance.

10.BBVA Compass Secured Optimizer Card – $40 Annual fee

APR: The card has a variable APR which changes as U.S prime rates fluctuate. The lowest APR is 16.24%, lower than many secured credit cards targeted at people with bad credits.

11. Public Savings Bank Open Sky Secured Visa Credit Card – $50 Annual fee
After 0% intro apr of six months.The already low 11.24 percent APR has been cut even lower, to 9.75 percent.

12.Centennial Secured Credit Cards
Annual Fee: $50 the annual fee is $50 per year.The Annual Fee will be charged on the first Billing Cycle after you have accepted this secured credit Card and in about the same price for next year

APR:19.9% The apr is depends on multiplying the Average Daily Balance¡± for Purchases and Cash Advances outstanding through the monthly Billing Cycle by the monthly Periodic Rate

Make a couple small purchases every month
Make a couple small purchases every month such as stuff at CVS or Walmart. Buy things you would buy anyway. Pay off the balance every month and always on time. The only way to improve your credit is to use credit wisely.

Use your new Secured Credit Card to make a few small purchases each month, but NEVER charge more that you can pay off in full! This is not the kind of card that you want to use to carry a balance. By making purchases and paying off the balance each month, you will prove your credit worthiness and quickly build your credit!

Pay in full you charger
Always remember to pay in full your Bill on time. As long as you pay full you bill, it’s OK if you look at that sometimes – enough time when utilization matters the most is over a month that you’re obtaining new credit. Your score is a snapshot of the credit that month so a lender can’t see what your Util would be a month or two ago.

Don’t close you secured credit card before you get an unsecured credit card
secured credit card can help you building credit ,and also report three credit bureaus .don’t cancel that credit card before you can get a unsecured credit card.The concept here is that you want to begin to build a lengthy credit score. And typically what goes on when we close out credit cards, it does the actual opposite of the things they think it’s planning to do.

Pay attention to your credit score
Apparently unsecured credit card has more advantages, (like get cash back ,airline miles… ),so always pay attention to your credit score if you can apply for a unsecured credit card, and you try it..

overview
Don’t take secured credit cards as the real credit card, you just put it to building credit.Most consumers who open a secured credit card account will most likely open one with a $300 to $500 deposit. If you’re really tight on cash, don’t expect to “live off” this deposit, but instead, ponder over it a good investment. Figure only 1 / 2 of this money is ever open to you. For example, suppose you open a secured card with a $300 deposit. There is a constant would like your billing or statement cycle on the card to end with you’re owing a lot more than $150, or 1 / 2 of your credit limit. Ideally or optimally, to make use of the card to maximum advantage for credit building, you ought to pay the balance as a result of zero on a monthly basis, and never carry a balance whatsoever. Here is the best, best, and fastest way to build credit employing a secured credit card.

if you following my advice ,you will building credit quickly ,and can get an unsecured credit card soon .

What is prepaid credit cards.
Prepaid card works like debit card,you deposit money on the you card account . you can use card on shop online, over the phone, and retailers. This was helpful for you building credit.You must add more funds to continue using the card. For this reason, these cards are often referred to as reloadable prepaid cards.
They sport either the MasterCard or Visa logo and can be used wherever credit cards are accepted.

Prepaid cards are not credit cards; you cannot spend more than the balance you have deposited and you will not be charged interest for your spending. The prepaid account will not be reported to the credit bureaus as a credit card.

The benefits of prepaid cards is you don’t have to pay annual fee, interest fee and month bills .

Secured credit cards is more like credit cards .you make a deposit with the credit card company. The amount of your deposit is your credit line amount. they send you a bill like any other credit card. if you dont pay the bill they use your deposits as collateral.

Secured Credit Cards are credit cards for people with bad credit or no credit. Compare the choices down the page and discover the most effective secured credit cards to rebuild credit or start your credit track record while minimizing the fees you will probably have to pay.
secured credit cards charge rather high rates of interest on outstanding balances. Additionally, many secured bank cards charge annual membership fees and balances are billed monthly.Secured creditors offer cards at a high interest since the cardholder is looked at as a credit risk.

it is necessary, though, not to confuse a secured charge card using a prepaid debit card, though. There is some confusion about these two financial loans because they appear similar. You place cash a prepaid debit card, and there is usually a credit card logo design, for example MasterCard or Visa, on the card. And, thanks to the latest offering from Suze Orman, the confusion only has intensified. Even though data from Orman’s prepaid debit card is being reported towards the TransUnion credit agency, it won’t affect credit ratings.

So, however, you might have the ability to avoid interest fees having a prepaid debit card, and enjoy a number of the convenience related to swiping plastic, a prepaid debit card will not assist you to improve your credit rating score. You will have to make use of a secured bank card if you want to fix your credit score.

Which is better for you .

Secured credit cards are for people who cannot get a regular credit card. and prepaid cards ard for people who can’t cannot open a bank account
if you want building your credit ,i think secured credit cards is better for you .Because secured credit cards can help improve your FICO score, this is what prepaid cards can’t do .

A prepaid card is better for people who want to avoid banks and use this card instead of a checking account.

Following article
Best And Fast Ways To Building Credit

1. Capital One Secured MasterCard
The Capital Secured Master Card is specially designed for people who have poor credits and look for opportunities to improve and rebuild their credit. The APR rate and other fees are higher and the reward it provides is limited compared to other cashback credit cards. But it absolutely is better than prepaid cards which require you to pay a full amount for the same credit limit.

The annual fee on this secured credit  card is a reasonable $29, and while most secured cards require security deposits of around $250, you can deposit as little as $49 and still get a credit line of $200. If you deposit more — like $99 or $200 — you can increase your credit line up to $3,000.

No balance transfer fee. CapitalOne is among the few banks who do not charge any money for balance transfer, which can cost a lot. However, it is unneccesary to transfer the balance from other cards since you do not want so many balances on a card from which you get barely nothing in return.

2.Orchard Bank Secured MasterCard
Orchard Bank Secured MasterCard is the one of the best secured credit cards you can get.Not only the low internet rate noly 7.9%, but also unlimited credit line.it¡¯s equal to whatever amount you deposit .
No annual fee for the first year, then $35 is required for each year. The $35 annual fee is very reasonable considering the fact that other Orchard cards charge you from $35 to $74(a bottom line) per year while the major previlege they offer is pretty much the same.

3.Navy Federal ‘n Rewards Secured Card
he Navy Federal Credit Union nRewards Secured Card is probably one of the best secured credit cards you can find. It comes with generous rewards which can only be found on unsecured credit cards.
With an APR as low as 8.99% and no annual fee.

Earn 0.5% to a full 1% cash back for purchases depending on how much you spend. You get one point for every dollar you spent with this card. For example, if you spend $1000, you will get 5 points(0.5%) in return. When your spending reaches a high $7500, the cash back you can earn is as much as $75(1%). The cash back is redeemable for giftcards and certificates on your account. Points expire after 4 years and there is no limit on how many ponits you can earn.

4.Citi Secured MasterCard
The Citi Secured MasterCard offers a relatively low annual fee but charges a higher interest rate than most secured cards.Annual fee:$29.
There is, however, an 18.24% APR. So if you plan to carry a balance, choose another card with a lower APR.

“Normally I’d never recommend a card with an interest rate that high, but if someone is applying it to just rebuild credit and never carrying an account balance, you can invest your money in a CD so you’re getting something back,” said Beverly Harzog, bank card expert at Credit.com.

In addition, while you could be stuck with other secured cards for years, Citi will consider graduating you to a better, unsecured card after 18 months.

5.Mango Prepaid MasterCard
The Mango Money MasterCard have low fee and can get high yield on your savings The fee schedule is clearly spelled out in nice big print. The sole negative will be the not enough a bill payment feature, which means you can’t use it to change a bank account. pre-pay credit cards are simply packed with your own personal money. You never pay interest on these cards, but they also don’t report to credit reporting agencies.

6.Capital One Cash Rewards for Newcomers Card
This card is for people who are new to the U.S.. and have an annual fee and lets you earn rewardsbut anyone trying to build their credit can apply and be approved for the card.you can make 2% money back on all travel-related purchases, including airlines, hotels, trains and car rentals, and 1% everywhere else…

The credit score is the way assess the information in your credit history down to a number that represents your credit worthiness and loan risk. Credit scores general from 300-850.

The important of credit score

The credit score is very important in everyone’s personal life ,and it will effect our everyday live . like if you don’t have enough credit you will cannot apply a cash back or miles reward credit card and so on ….you credit score can determine you pay auto financing , mortgages, and car insurance.

If your credit score is high and you have good credit then anyone will give you financing so you are better off researching to see if you can get a better rate etc somewhere else.

In a nutshell, being educated before shopping offers you the most effective chance on the appropiate product.
Also, keeping track of your score and what is on your own credit files keeps you assured that nobody has stolen your identity also to make sure that nothing gets erroneously reported by way of a creditor – an easy option will save you tons of heartache later on.

5 sites to get your credit score

FreeCreditScore.com – offers your credit history along with credit monitoring products that assist in preventing credit fraud. They could alert you whenever you credit information changes. Simply join and find out your free credit rating immediately.

If your credit file contains errors, old information, or proof of credit fraud or id theft, your credit score will probably be affected negatively. You need to immediately notify the appropriate reporting company if any errors are located inside your report. Fix your credit report quickly to prevent many years of future problems.

Although FACTA offers up free credit history reports once each year, your credit information and credit score can change almost daily. Therefore, you may want to consider enrolling in one of the services at FreeCreditScore.com that watches your credit information and alerts you when significant changes occur. This lets you immediately fix any problems that pop up.

CreditKarma.com – If you’re a new comer to Credit Karma, you are able to join receive a free credit score within just two minutes. After you’ve signed up, you can continue to obtain a free credit rating everyday, forever. Lin informs me Credit Karma won’t ever charge you for the credit history. Instead, Credit Karma has partnered with advertisers who cancel out the expense of offering you a credit rating.

creditsesame.com - Credit Sesame analyzed your credit rating ranges of shoppers over the United States, looking at which states had the most quantity of people falling between your excellent and good range and which states had probably the most with poor and very poor credit scores.
quizzle.com – Quizzle provides consumers with a proprietary credit score, called the “CE Score,” developed by CE Analytics. The CE Score in Quizzle is based on the Experian credit report and has a range of 350 (minimum) to 850

myfico.com – Myfico.com (Fair Issac Company) is good for getting all three scores and this is where I would refer consumers looking to increase scores for mortgage loan purposes. Sounds like this is where you should go.

As an example

I use Credit Karma, Quizzle and Credit Sesame.

My scores are :
CK-Transrisk =692 (59%)
CK Auto Insurance score =870 (66%)
CK Vantage = 874 (78%)
Credit Sesame= 702 (Experian)
Quizzle= 686

Whats interesting to me is the wide range in % scores between my transrisk and my Vantage score. 59% to 78% is pretty large.

I have never PAID for my credit score and doubt I ever will.

I anticipate my scores increasing soon as I work to remove a “released” tax lien.
My CK score was 773 prior to the tax lien. When they released the tax lien, I only increased from 681 to 692 so Im hoping that when it gets withdrawn my score will increase back to the 770 range.

If you know your scores, please post them for comparison purposes.

Additional Details
I wouldn’t pay even $5 for my real fico score.

Im sure these fake ones are close enough for me.

Especially since I have no need or desire for more debt except maybe another rewards credit card if a good one came along.

I already get 5% back on gas year round & many other purchases which vary quarter by quarter.

And Im not at all worried or nervous about the scores. Just interested in the variances and how they change over time.

In the last month, my Auto Insurance score dropped about 10 points and my Vantage score went up about 12 points. for no obvious reason.

Before you look at the following ways to building credit , i tell you what the credit make up.

How to improve credit score quickly?

Pay you bill on time
Even when a payment isn’t regularly listed on your credit score, it can eventually end up there in the event you fall behind on payments. Avoid delinquencies on any accounts, even small ones like library fines, school lunch, and medical bills. More businesses are using collection agencies to follow through to their unpaid customer accounts. If one of the accounts lands at the disposal of a debt collector, it is in your credit history for seven years, ruining the progress you have made up to now.

Easiest and fastest way is use a secured credit card
Major of secured credit cards bank don’t concern there isn’t credit or have poor credit, and secured bank cards three major credit bureaus.
(3 Bureau Credit history that shows your credit information all with the major credit agencies in a single easy-to-read online report. The Report features a free credit rating, as well as helpful suggestions and simple to understand explanations of the credit.) So that you can keep abreast of your credit.

Try a debit card
If you happen to are interested an automobile or home using a loan you’ll want a credit rating. Get a charge card and treat it being a debit card. Pay balance off each month, so track your charges inside a register. Paying a balance in full on a monthly basis builds great credit quickly and keeps from ever finding yourself in debt.
Attempt to select a card that has a point accumulations system. If you pay your regular regular debts which you have to accomplish anyway on it, you cash in on credits toward flights or merchandise so it’s free. Just remain disciplined and never keep a balance.

if you are young ,put your name in your parents’s credit card
When I was 17 my grandmother put my name on her credit card, so I was building credit before I was even 18 and I have a card now with a $500 limit which I have never been late on a payment.My credit score has always been good. 702-714. now i was 19 years old.

Get a loan for no other reason than to pay it back .
go to the bank and tell them you want establish a good rating so you can get a motrgage. they will assume you will get it from them so they’ll be all over it.

Get a retailer credit cards
General speaking ,those credit credit card is easy to apply.Retail cards won’t give you a score boost in and of themselves. They can be helpful if you utilize them for discounts at stores you frequently shop at. After your Orchard ages, look at what cards will suit you best for the long-term. And don’t choose a merchant card simply for the sake of having one. I, like you, had an Orchard (superb rebuilder card, btw) and experimented to see if adding a merchant card would increase my FICO scores. It didn’t for me varieties who tried the same – I think the posts to the experiment on these myFICO boards are under “Guinea Pig Results” or some such.

Use small amount of your credit line.
Don’t use over 50% of your credit line ,and below 30% is better .Don’t use your credit card or secured credit cards frequently .

Keep on you good habits
It is relatively easy to establish a credit history, but difficult to keep on those good habit.

They are based on the following factors;

1. Pay history 35%
2. Time in bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%

Notice there is no mention of how many credit cards you have, debt to income or available credit you have, that’s because they have nothing to do with your score.

They may make a difference to a lender based on their guidlines but they have no affect on your actual score.

Now, for the very best score and profile you will need 3 credit card accounts (revolving) with balances below 30% of your credit limit and 2 cars, boats, homes, furniture or personal accounts (installment) all with good long pay history’s.

Start out with a couple of credit cards, use them for every day things, never exceed 30% of your credit limit in any given month and pay in full before the due date.

After about 12-months of doing this you can start on your installment credit.

Great credit takes years to establish (minimum 24-months) and only a couple of months to trash.

other cash back secured reward credit card :Navy Federal Credit Union nRewards Secured Card review

Rewards system of this card

5 000 SKYPASS Bonus Miles after your first purchase1

1 mile for every $1 you spend

Credit limit based on your deposit, from $300 to $5,000

1,000 Bonus Miles at renewal

$ 250,000 in Travel Accident Insurance

other benefits of this card

Redeem miles for free travel and free upgrades on Korean Air and SkyTeam partners

SKYPASS Visa miles can be combined with your SKYPASS flight miles

Earn SKYPASS miles and enjoy travel rewards with the SKYPASS Visa card builds your credit

No limit of miles reward

SKYPASS Visa card purchases help you reach and maintain Morning Calm Club Membership5

SKYPASS Secured Credit Card can use at millions of locations worldwide

Cash access at more than one million ATMs

Auto rental insurance

24-hour account access

Bilingual customer service available

Online purchase security

Earn SKYPASS miles even faster when you take advantage of Automatic Bill Payment

Get your monthly credit score – free bill every month

Lost and stolen card reporting
About the credit line
if you apply this secured credit card , after the company approv you they will give you a credit card. the credit line is equal the amount as your deposit. the credit line from $300 to $5,000. It looks and works just like any other credit card when you use it at a restaurant or store.

Your deposit is used to open a savings account which assures your credit card can be paid. The money in your savings account is there to “secure” your credit line. The money in your savings account is FDIC insured and won’t be touched as long as you make all of your credit card payments on time and your account remains open. Plus, you will earn interest on the money in your savings account.

The apr 

16.24%, This is just not high, We believe it’s kind of unfair to be charged this kind of high APR for secured cards given that the financial institution is taken no recourse  you must allow them to have collateral, an amount comparable to all of your personal credit line, up front! However, here is the nature of the card offers, and when you can’t manage to pay off balance every month you probably shouldn’t receive a secured card on the pre-paid debit card initially, since you had the ability to turn out damaging your credit as an alternative to rebuilding it.

Cons
compare with other secured credit card , the $50 annual fee is high . other cards only need $19 – $40 annual fee .

compare with other us bank secured credit card : us bank secured credit card 

Why the secured credit card is the best choose for student?

Easy to quality for a secured credit card!
First of all ,you must make a bank account , after secured credit card requires you to make a deposit against the card’s credit limit. Your credit limit will usually be a percentage of your security deposit or it may be the same as your deposit.

High credit score is helpful after you graduation !
Good credit history is very helpful on you life , Qualifying for mortgages, auto loans, apartments, and even jobs have become dependent to some degree on your credit history. so if you want running business after graduation , the credit card is very useful in you business . The secured credit card will building you credit quickly .Ironically, the worried students who heeded the ominous warnings about signing up for a credit card may have a much harder time than their former credit card carrying classmates in establishing their credit .

You will never spend over you credit line
The advantage to secured credit cards is that you can’t run wild, because you can never spend more than you have deposited.

Using a secured credit card, you make in initial deposit from the credit limit of the account. The bank props up deposit in the event you don’t payout your loan as agreed. Many credit card issuers will convert your secured credit card to an unsecured one so long as you build your monthly obligations punctually. Don??￥t worry a secured charge card will hurt your chances at getting other bank cards there??￥s nothing in your credit file to suggest you have a secured bank card.

Tip to be used secured bank card
Never to save money than 1/3 to 1/2 of your limit. In the event you keep your account current and repay it fast they will first double your limit, i.e. if you opened a secured account with $300 they’ll double your limit to $600. If you continue current, within a year, they’ll refund your security deposit and provide an non-secured card. Hope that helps.

Why you need consider apply small business secured credit card – No hav enough credit to apply a regular card?
if you trying to consolidate my bills and get my credit clear so I can start a business.I have very,very bad credit and I am tryiing to start a business. How would I get a credit card for my business with extremly bad credit. And who will except me?

what samll business secured credit card will help you?
1.Help you runing business ,like buy some wireless and something …

2.To pay for business trips and other business expenses…

3.The best and easy way to rebuild credit,it will help you increase credit score.

Other benefits

Protection from unauthorized transactions — They are also protected from transactions that are not authorized.

Theft and damage coverage — utomatically covered against theft and damage

Extended warranties on business equipment

Discounts offered through the credit card issuer

Travel insurance — They carry overdraft protection, have travel insurance built in, will offer auto rental insurance and allow you to get discounts through the card issuer.

Auto rental insurance

Spending reports

Overdraft protection

Pay attention
the card is very useful in your business life,but you have to pay you bill on time and not exceeds the amount you have deposited in your account and used very judiciously and repayments made regularly so that the credit history continues to be good,If you care about your credit score.

Small Business Secured Credit Card offers

1.Bank Of American Secured Credit Card
compare with other card,the Bank Of American Secured Credit Card is more like a business credit card but this is not the best secured credit card.

Benefits of this card

No application fees or activation fees

Credit line $300-$4,900. Your maximum credit line is determined by your individual ability to pay based on the income that you provide and your security deposit.

When handled responsibly, a foundation to build your credit history-important account information is shared with all three major credit bureaus

After 12 months, your account may be reviewed and you may then qualify to have your security deposit returned if your credit and payment history warrant it at that time

Fees:

Standard APRs for Purchases and Balance Transfers : 20.24%

Annual Fee : $39

2. Orchard Bank Secured MasterCard
The Orchard Bank Secured MasterCard is the one of the best secured credit cards you can get.Not only the low internet rate noly 7.9%, but also unlimited credit line.it’s equal to whatever amount you deposit .

Fees:

Standard APRs for Purchases and Balance Transfers : 7.9%

Annual Fee : No annual fee for the first year, then $35 is required for each year.

3.Wells Fargo secured credit card – with up to $10000 credit line

The Wells Fargo secured credit card is among the first secured cards to be introduced to people who havn’t yet got a chance to start their own credit and who demonstrate rather deplorable credit worthiness. It stands out among various secured credit cards for it low-priced annual fee and interest rates.

With highest credit line – The size of credit limit can range from a minimum of $300 to a maximum of $10,000 depending likewise on your security deposit.

Fees:

Standard APRs for Purchases and Balance Transfers : 18.99%

Annual Fee : $19