US Bank Secured

The U.S. Bank Secured is a basic credit-building card with no annual fee, which is the main reason it earns a spot on our list of the best secured cards. It is aimed at people starting out or rebuilding, where steady on-time payments are what matter most. The catch is that there are no rewards and no extra perks, so its only job is building your credit. The 27.49% APR is high, which makes carrying a balance costly, so pay the statement in full each month. There is also a foreign transaction fee, so it is not one to use abroad. Use it as a stepping stone toward an unsecured card, then move on once your credit has improved.