For a secured credit card with low deposit, we recommend the First Progress Platinum Prestige MasterCard® Secured Credit Card which is a full-featured Platinum MasterCard, with a $200 minimum deposit from a checking account or debit card.
How a secured credit card works to your advantage
When you apply to your secured credit card, you get credit, when you deposit money in a special savings account, and this money is used to secure the credit available to you.
The credit limit you have in your card, cannot exceed the amount deposited in your savings account. You can have your money back, when you close your account with the credit card company.(Assuming you have no late payments).
How can I get a secured credit card and build credit?
To buid ou rebuild your credit with a secured credit card, you must choose a card that reports regularly to the major credit bureaus and never be late with the card payments. This allows you to build a positive credit history, and after several months, you can apply to an unsecured credit card, and get approved.
Get a secured credit that reports to the major credit bureaus and apply online now. When you click the “Apply now!” link, you will be taken to the secured credit card site, to fill a simple form, and get your card.
Getting a secured credit card with bad credit
Getting a secured credit card with bad credit it’s ok, because there are no credit checks. You just need to open a CD to get your credit card. Secured credit cards are the only type of cards that people with bad credit can apply for, and get approved.
This page has information about secured credit card with low deposit and secured card with a low minimum deposit.