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December 10, 2021
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| Best High-Limit Secured Credit Cards for 2022 | |
| Best overall high-limit secured credit card | Secured Sable ONE Credit Card |
| Best high-limit secured credit card for cash back rewards | U.S. Bank Cash+ Visa Secured Card |
| Best high-limit secured credit card for military members | Navy Federal nRewards® Secured Credit Card |
| Best high-limit secured credit card for Bank of America account holders | BankAmericard® Secured Credit Card |
| Best high-limit secured credit card for business owners | Wells Fargo Business Secured Credit Card |
If you’re looking to establish or build your credit profile with the help of a secured credit card, know that, there are several secured credit cards available that grant credit limits as high as $5,000 or more. Just beware, to get an initial line of credit that high, you typically need to be prepared to put down a security deposit in the equivalent amount.
Based on our research of cards available through LendingTree and from major credit card issuers and credit unions, here are our top picks for the best high-limit secured credit cards for the following categories:
The Secured Sable ONE Credit Card offers one of the highest credit lines currently available for secured credit cards: $10,000. But unlike typical secured credit cards that often require minimum security deposits of around $200, the Secured Sable ONE Credit Card does not have a minimum deposit requirement.
Additionally, the card comes with a reasonable APR of Prime + 6.99% (Variable) and charges a $0 annual fee.
Cardholders earn 2% cash back on everyday purchases at Amazon, Uber, Uber Eats, Whole Foods, Netflix, Spotify, and more! Plus, earn 1% cash back on all other purchases.
Because the Secured Sable ONE Credit Card doesn’t have a minimum deposit requirement, the card may be more accessible to applicants who can’t afford the typical minimum $200 security deposit upfront. Additionally, the Secured Sable ONE Credit Card does not require a credit check for approval.
Cardholders have the opportunity to graduate to an unsecured card and get their deposit refunded in as little as four months after meeting the following criteria:
Note, you do not need a Social Security number to apply for the Secured Sable ONE Credit Card; however, if you have one, you are required to provide it. If you are not a U.S. citizen, you must provide a copy of your passport or U.S. Visa, as well as your U.S. residential address. Finally, cardholders are required to open a Sable bank account in which they’ll be asked to submit their security deposit for the card.
The Secured Sable ONE Credit Card offers one of the highest credit lines currently available for secured credit cards: $10,000. But unlike typical secured credit cards that often require minimum security deposits of around $200, the Secured Sable ONE Credit Card does not have a minimum deposit requirement.
Additionally, the card comes with a reasonable APR of Prime + 6.99% (Variable) and charges a $0 annual fee.
Cardholders earn 2% cash back on everyday purchases at Amazon, Uber, Uber Eats, Whole Foods, Netflix, Spotify, and more! Plus, earn 1% cash back on all other purchases.
Because the Secured Sable ONE Credit Card doesn’t have a minimum deposit requirement, the card may be more accessible to applicants who can’t afford the typical minimum $200 security deposit upfront. Additionally, the Secured Sable ONE Credit Card does not require a credit check for approval.
Cardholders have the opportunity to graduate to an unsecured card and get their deposit refunded in as little as four months after meeting the following criteria:
Note, you do not need a Social Security number to apply for the Secured Sable ONE Credit Card; however, if you have one, you are required to provide it. If you are not a U.S. citizen, you must provide a copy of your passport or U.S. Visa, as well as your U.S. residential address. Finally, cardholders are required to open a Sable bank account in which they’ll be asked to submit their security deposit for the card.
The U.S. Bank Cash+ Visa Secured Card requires a refundable deposit of $300 to $5,000, which will serve are your line of credit.
The $0 annual fee card offers 5% cash back on up to $2,000 in purchases per quarter in the two categories of your choosing, 2% cash back on purchases in one everyday category of your choice, 1% back on other purchases.
Cash back rewards can be redeemed for statement credit to your account, direct deposit to your U.S. Bank checking, savings or money market account or for a U.S. Bank rewards card.
If you want to earn cash back rewards in popular spending categories, like gas, groceries and dining, while building your credit, the U.S. Bank Cash+ Visa Secured Card could be a good fit.
The U.S. Bank Cash+ Visa Secured Card reports account and payment activity to the three major credit bureaus (Equifax, Experian and TransUnion). Plus, cardholders may be able to automatically graduate to the U.S. Bank Cash+® Visa Signature® Card after demonstrating responsible card usage.
Just know, if you carry a balance on your U.S. Bank Cash+ Visa Secured Card from month to month, you will be subject to high interest charges at an APR of 26.24% variable.
The U.S. Bank Cash+ Visa Secured Card requires a refundable deposit of $300 to $5,000, which will serve are your line of credit.
The $0 annual fee card offers 5% cash back on up to $2,000 in purchases per quarter in the two categories of your choosing, 2% cash back on purchases in one everyday category of your choice, 1% back on other purchases.
Cash back rewards can be redeemed for statement credit to your account, direct deposit to your U.S. Bank checking, savings or money market account or for a U.S. Bank rewards card.
If you want to earn cash back rewards in popular spending categories, like gas, groceries and dining, while building your credit, the U.S. Bank Cash+ Visa Secured Card could be a good fit.
The U.S. Bank Cash+ Visa Secured Card reports account and payment activity to the three major credit bureaus (Equifax, Experian and TransUnion). Plus, cardholders may be able to automatically graduate to the U.S. Bank Cash+® Visa Signature® Card after demonstrating responsible card usage.
Just know, if you carry a balance on your U.S. Bank Cash+ Visa Secured Card from month to month, you will be subject to high interest charges at an APR of 26.24% variable.
If you or a member of your family is associated with the military, you may be able to qualify for the Navy Federal nRewards® Secured Credit Card. The card requires an initial minimum security deposit of $200 and a maximum deposit of $5,000, which will serve as your line of credit.
Cardholders earn 1X points per dollar spent, which can be redeemed for gift cards, cash and merchandise.
The Navy Federal nRewards® Secured Credit Card has a $0 annual fee and a purchase APR of 18% variable.
To be eligible for the Navy Federal nRewards® Secured Credit Card, you must be a member of Navy Federal Credit Union. You may qualify if you or one of your family or household members has ties to the armed forces, Department of Defense or National Guard. Learn more about the qualification requirements here.
After three months of having the Navy Federal nRewards® Secured Credit Card and using it responsibly, you may be eligible to receive additional credit to allow for spending beyond your deposit. After six months, Navy Federal will automatically review your account to see if you’re eligible to be upgraded to the Navy Federal cashRewards Credit Card.
If you or a member of your family is associated with the military, you may be able to qualify for the Navy Federal nRewards® Secured Credit Card. The card requires an initial minimum security deposit of $200 and a maximum deposit of $5,000, which will serve as your line of credit.
Cardholders earn 1X points per dollar spent, which can be redeemed for gift cards, cash and merchandise.
The Navy Federal nRewards® Secured Credit Card has a $0 annual fee and a purchase APR of 18% variable.
To be eligible for the Navy Federal nRewards® Secured Credit Card, you must be a member of Navy Federal Credit Union. You may qualify if you or one of your family or household members has ties to the armed forces, Department of Defense or National Guard. Learn more about the qualification requirements here.
After three months of having the Navy Federal nRewards® Secured Credit Card and using it responsibly, you may be eligible to receive additional credit to allow for spending beyond your deposit. After six months, Navy Federal will automatically review your account to see if you’re eligible to be upgraded to the Navy Federal cashRewards Credit Card.
The BankAmericard® Secured Credit Card offers a credit line of $300 to $4,900. Your maximum credit line will be determined by the amount of the security deposit you provide, as well as your income and ability to pay.
The BankAmericard® Secured Credit Card charges an annual fee of $0 and comes with a purchase APR of 23.24% variable (variable).
While you aren’t required to have a Bank of America account to apply for the BankAmericard® Secured Credit Card, you will need to include a checking or savings account in your name in order to fund the security deposit during the online application process.
Once approved, Bank of America will periodically review your account to see if you qualify to have your deposit refunded. This includes a review of your relationship with Bank of America, as well as a review of your other credit cards and loans.
The BankAmericard® Secured Credit Card offers a credit line of $300 to $4,900. Your maximum credit line will be determined by the amount of the security deposit you provide, as well as your income and ability to pay.
The BankAmericard® Secured Credit Card charges an annual fee of $0 and comes with a purchase APR of 23.24% variable (variable).
While you aren’t required to have a Bank of America account to apply for the BankAmericard® Secured Credit Card, you will need to include a checking or savings account in your name in order to fund the security deposit during the online application process.
Once approved, Bank of America will periodically review your account to see if you qualify to have your deposit refunded. This includes a review of your relationship with Bank of America, as well as a review of your other credit cards and loans.
With the Wells Fargo Business Secured Credit Card, your credit limit can range from $500 to $25,000, based on the amount of your security deposit.
The $0 annual fee card lets cardholders earn 1.5% cash back on every $1 spent or earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period. The card has an APR of prime + 11.90%, and is available to applicants with poor-or-fair credit.
If you are a small business owner who wants to build your business credit history, the Wells Fargo Business Secured Credit Card can help you do so, since it reports your payment and usage behavior to the Small Business Financial Exchange.
Wells Fargo will periodically review your account and recent credit history to see if you qualify to upgrade to an unsecured business credit card.
Just know, before applying for the Wells Fargo Business Secured Credit Card, you must have an open Wells Fargo business checking or savings account. Once you are approved, your funds will be transferred from the account to fund the credit line.
With the Wells Fargo Business Secured Credit Card, your credit limit can range from $500 to $25,000, based on the amount of your security deposit.
The $0 annual fee card lets cardholders earn 1.5% cash back on every $1 spent or earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period. The card has an APR of prime + 11.90%, and is available to applicants with poor-or-fair credit.
If you are a small business owner who wants to build your business credit history, the Wells Fargo Business Secured Credit Card can help you do so, since it reports your payment and usage behavior to the Small Business Financial Exchange.
Wells Fargo will periodically review your account and recent credit history to see if you qualify to upgrade to an unsecured business credit card.
Just know, before applying for the Wells Fargo Business Secured Credit Card, you must have an open Wells Fargo business checking or savings account. Once you are approved, your funds will be transferred from the account to fund the credit line.
| Credit card | Best for | Minimum deposit | Maximum credit limit |
|---|---|---|---|
| Secured Sable ONE Credit Card | Overall | No minimum | $10,000 |
| U.S. Bank Cash+ Visa Secured Card | Cash back rewards | $300 | $5,000 |
| Navy Federal nRewards® Secured Credit Card | Military members | $200 | $5,000 |
| BankAmericard® Secured Credit Card | Bank of America customers | $300 | $4,900 |
| Wells Fargo Business Secured Credit Card | Business owners | $500 | $25,000 |
The information related to the U.S. Bank Cash+ Visa Secured Card, Navy Federal nRewards® Secured Credit Card, BankAmericard® Secured Credit Card and the Wells Fargo Business Secured Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
A secured credit card requires you to submit a security deposit, which serves as your line of credit. The deposit acts as collateral to protect the issuer in the event you don’t pay off what you charge to the card.
Security deposits are generally refundable once you pay off your card balance in full and close the account, or if the issuer transitions you to an unsecured card after you demonstrate responsible card usage.
Secured credit cards are typically designed for individuals with non-existent, limited or poor credit who may not qualify for a traditional unsecured credit card.
These cards often serve as stepping stones for consumers to build their credit profile after demonstrating responsible card usage — meaning, paying your bill in full and on time each month and keeping your balance well below your credit limit.
Upon approval and in exchange for a refundable security deposit, an issuer will grant you a credit limit that is often equal to the amount you deposit. For example, if you deposit $500, you’ll typically get a $500 line of credit. The more you deposit, the higher your potential credit limit will be (as long as you are approved for that amount by the issuer).
If you’re able to graduate to an unsecured credit card — or if you pay off your balance in full and close your account — your security deposit will be refunded to you.
As long as your secured credit card reports your card account and payment activity to the three major credit bureaus (Equifax, Experian and TransUnion), you can boost your credit score by paying your bill on time each month and keeping your credit utilization low.
Generally, the best secured credit cards offer a reasonable ongoing purchase APR and $0 annual fee. The card should also report your card account and payment activity to all three major credit bureaus, provide tools to help build your credit and offer the opportunity to graduate to an unsecured card.
Whether using a traditional credit card, secured credit card, store credit card or student credit card, a key factor in building your credit is to use the card responsibly. That includes:
To select the best card for each of these categories, our credit card experts compared secured credit cards with the highest potential credit limits on LendingTree.com and on major issuer and credit union sites.
While we primarily made our choices based on the highest possible credit limit. Other factors that came into play were the interest rates, rewards programs and annual fees. Additionally, we took into account benefits offered by each card, such as cellphone insurance and extended warranty protection.
The above offers and/or promotions may have since changed, expired, or is no longer available. Check the Issuers’ website for more details.
