![]() Plus, earn unlimited 1% cash back on all other purchases. The Discover it® Secured Credit Card earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Not only does the Discover it® Secured Credit Card offer rewards, it matches those rewards during the first year as part of its welcome bonus: Unlimited Cashback Match - Discover will automatically match all the cash back earned at the end of the first year. The Discover it® Secured Credit Card is the most prestigious among the secured cards we’ve seen. For more, check out our guide on rebuilding credit and the best credit cards for rebuilding credit.įirst Progress Platinum Prestige Mastercard® Secured Credit Card vs. Rebuilding credit after a devastating hit can be a challenge, but with responsible use and careful financial planning, you can improve your credit. It’s important to note this card isn’t the only option for rebuilding credit using a secured card. The card presents an expensive option for those needing to rebuild credit from rock bottom, since it requires both a deposit and an annual fee. ![]() Those with prior bankruptcies are not necessarily denied unless the bankruptcy is still open. The First Progress family of credit cards are all designed for those with bad credit to help start rebuilding. The card’s low 14.74% variable APR standard APR is nice, but the card offers no major extra benefits and no rewards earning. We recommend keeping your credit utilization across all accounts below 30% whenever possible. ![]() The $49 annual fee makes this card difficult to stomach, especially since this means a credit utilization of nearly 25% with the minimum deposit if this is the only open account. As a secured card the First Progress Platinum Prestige Mastercard® Secured Credit Card requires a refundable deposit of from $200 up to a maximum of $2,000 to establish a credit line. ![]()
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