![]() 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. While it requires a security deposit of at least $200, responsible card use can earn you your deposit back and an upgrade to an unsecured version of the card. You can also earn between 2%-10% cash back at select merchants.Īnother option is the no-annual-fee Discover it® Secured Credit Card. The Petal 1 comes with no annual fee, a credit limit between $300 and $5,000 and a path to a credit limit increase. Read our full review of the Discover it Secured Credit Card*.One of your best bets for an alternative to the Indigo Mastercard is the Petal® 1 “No Annual Fee” Visa® Credit Card * issued by WebBank. It’s one of the few secured cards that offer rewards: 2% cash back at restaurants and gas stations (up to $1,000 in combined purchases each quarter) plus 1% cash back on all other purchases. After seven months, Discover will begin automatic monthly account reviews to see if you qualify to upgrade to an unsecured card get your deposit back. It’s still a secured card, which means your credit limit is based on your security deposit. Like the Indigo Mastercard, you can see if you prequalify for this card without completing a full application. Read our full review of the Platinum Secured Credit Card from Capital One. After six months of proving credit responsibility, you may be able to convert to an unsecured line, and your deposit gets refunded. You can increase your credit limit when you increase your deposit. For instance, you could make an initial deposit of $49 but still get the $200 credit line. This Capital One card is a secured card, but you get some bonus options even for low-entry deposits. Comparable cards Capital One Platinum Credit Card* ![]() Enrollment may be required for select American Express benefits and offers. Terms apply to American Express benefits and offers. This may be helpful if you’re traveling outside the country and need to use this card. Many non-travel cards have a standard 3% foreign transaction fee, so we do like that the Indigo Mastercard’s fee is lower. You don’t get any rewards from the Indigo Mastercard. supermarkets (up to $6,000 per year, then 1%) and on select U.S. ![]() To compare, the Blue Cash Preferred® Card from American Express charges a $0 intro annual fee the first year, then $95 thereafter, but you earn a slew of rewards, like 6% cash back at U.S. Your annual fee depends on your credit score, and you won’t know your annual fee until after you complete an application.
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