Get Free Secured Credit Cards

I have to be honest here. I’m not sure what you’re even talking about.

Are you looking for free secured credit cards as in those that don’t have an annual fee? Or are you looking for those that don’t have any monthly fees? Or are you looking for one that doesn’t charge interest?

Since I’m a little confused I guess I’m just going to have to answer all three questions and hope you’ll find what you’re looking for.

Credit Card With No Annual Fee

Let’s start with a list of secured credit cards I found that don’t charge you any kind of fee just for opening the account:

• GTE Federal Credit Union
• Amalgamated Bank of Chicago
• Suncoast Schools Federal Credit Union
• Orange County Teachers Federal Credit Union
• Municipal Federal Credit Union
• Digital Federal Credit Union
• The Golden 1 Credit Union

*Note: I found this list on bankrate.com. The list they provide shows that for the most part, credit unions usually don’t charge annual fees, and banks usually do. Just something to keep in mind.

Credit Cards With No Monthly Fee

Well, I can’t seem to find any secured credit cards that do have monthly fees. Apparently the majority of them don’t charge a monthly fee for keeping the account open, but I know some of them do. The fees are usually between $4.95 and $7.95 per month. You might say to yourself “That’s not so much.” Well, guess what. That’s exactly what they want you to think. Make sure when you’re considering different offers to watch for that montly fee. There couldn’t be anything worse than a card that charges and annual fee and a monthly fee to keep the account open.

0% Secured Credit Cards

C’mon folks, let’s be reasonable. Why in the world would a credit card provider ever do that? You might as well hope for the government to stop making us pay taxes. It’s not going to happen. Would it be great? Of course it would. It would also be great if John Elway came out of retirement to lead my beloved Denver Broncos to another Super Bowl championship. We might as well push those thoughts from our heads.

Instead of hoping for the credit card companies to start giving away free money, find the best card you can with low fees and a reasonable interest rate and then use it wisely.

Go Broncos.