Secured Credit Cards

Secured credit cards are ideal for people with bad credit or no credit history.

Card	APR (for purchases)	Annual Fee	Setup Fee	Grace Period	Balance Computing Method	Fees	Note
NMB Platinum Card	19.5%	$59.00	$69.95 Application Processing Fee	n/a	Average daily balance (including new purchases)	Cash advance fee: 2% of amount of the cash advance (Min: $1.00; Max. $20). Late payment fee: $20. Over-the-credit-limit fee: $20.
Orchard Bank Secured MasterCard (secured and unsecured credit card)	14.90%	$0 - $48	$100-200 minimum deposit (Application Processing Fee)	25 days	Average daily balance (including new purchases)	Cash advance fee: 5% of amount of the cash advance (Minimum: $5.00). Late payment fee: $30 or $35. Over-the-credit-limit fee: $30.