Secured Credit Cards With No Annual Fees
As long as you hold a credit card with annual fees, you’re going to be charged every year to use the card no matter how often you use it. If you know something about credit cards, you sure will understand that many cards, especially secured credit cards, have annual fees. However, many card issuers are trying to avoid the annual fee to encourage customers to apply for the card. Don’t be overthrilled if you find a secured card that requires no annual input. It is usually the case that you might pay for what you have saved in a different section.Double check and compare other stipulations attached to the card. Many cards offer to waive the annual fee but at the cost of a high APR and other processing and maintenance fees. You need to decide whether a secured credit card without annual fee is best for you or not.
1.Orchard Bank Secured MasterCard
- Low interest rate. only 7.9%
- No processing fee
- No annual fee for the first year then $35
- No Balance transfer fee
- Cons:High penalty fee.29.49%
- Cos:5% of balance transfer fee
Orchard Bank Secured MasterCard is good for people who want to rebuild his credit history.
The card carries a very low 7.9 % variable interest rate. and $35 annual fee is waived the first year, there’s no have account processing fee.
It will automatically sends monthly reports to all three major credit bureaus, which should help improve your credit score.you need put up a minimum security deposit $200.and the credit limited depending your deposit.
2.Navy Federal Credit Union nRewards Secured Card
- No annual fee
- Low interest rate 8.99% to 10.99%
- Up to 1% cash back per dollar
- No Balance transfer fee
- After 12 months, you can apply an unsecured card
- Get redemptions starting at $25
The 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.
You can 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.
The Navy Federal Credit Union nRewards Secured Card is one of the best secured cards. Not only do you get a very low APR, you also get a generous rewards program. But you must first be eligible to be a member of Navy FCU to qualify.
3.Applied Bank Platinum Zero Secured Visa Credit Card
- No annual fee
- $9.99 monthly.High monthly maintenance fee.
- Fixed 0% APR on purchases
- Free Online Banking
- 9.99% For Cash Advance
The Applied Bank Platinum Zero Secured Visa Credit Card, as is implied by the name, is a secured credit card issued by the Applied Bank for people with bad credit or no credit history. With no annual fee and a low fixed APR, it might be an ideal choice for people in need except that it charges a skyrocketing maintenance fee of $9.95 every month.