The Secured Self Visa® Credit Card¹
4.6
4.6
MoneyAtlas
Rating
Introductory Annual Fee
$0
Ongoing Annual Fee
$0 intro annual fee; $25 thereafter*
Ongoing Purchases APR
28.24% Variable
Credit Score Needed
Pros
No hard credit check required: You can qualify for the card without a credit inquiry
Low initial deposit requirement: The $100 minimum deposit is relatively low
Credit-building potential through diverse accounts: The card combines a secured credit card with a Credit Builder Account³
Cons
Annual fee after the first year: While the first year is free, the $25 annual fee adds ongoing costs that many secured cards do not charge
High APR with no rewards: The 28.24% APR (Variable) makes carrying a balance expensive