Indigo® Mastercard® vs. Discover it® Secured Credit Card
One of the best credit cards for bad credit, the Discover it® Secured Credit Card requires a security deposit of $200. But, unlike the fees, its deposit can be refunded. Since the annual fee is $0, if you pay off your balance every month, you won’t pay any fees or interest to have this card.
As a Discover it® Secured Credit Card cardholder you earn cash back rewards while building credit, and you may qualify to upgrade to an unsecured card in less than a year. If you can afford to put down the deposit, the Discover it® Secured Credit Card will save you money over the long term due to no annual fee.
Indigo® Mastercard® vs. AvantCard Credit Card
As an unsecured credit card, the AvantCard Credit Card doesn’t require a security deposit. It does, however, charge a $59 annual fee which could be less than what some Indigo® Mastercard® users pay. This is a fee that you’ll pay year after year and is not refundable.
The AvantCard Credit Card offers credit lines starting at $300 and can go as high as $3,000, which is nice if you’d like the ability to make larger purchases. However, remember to pay your balance as soon as possible to keep your credit utilization ratio low. Accounts are periodically reviewed for credit limit increases, but you can also request them through the mobile app.
Indigo® Mastercard® vs. OpenSky® Secured Visa® Credit Card
A highlight of the OpenSky® Secured Visa® Credit Card is that it doesn’t do a credit check and only requires a $35 annual fee and a minimum $200 security deposit. If you’d like a larger line of credit, subject to approval, you can deposit up to $3,000.
Also, unlike the Indigo® Mastercard®, the OpenSky® Secured Visa® Credit Card may let you graduate to an unsecured card in as little as six months.