Secured Card

The Credit One Secured Card receives an overall rating of 2.3 out of 5.0. While the card offers a valuable opportunity for individuals with fair credit to build or rebuild their credit, and includes the unusual benefit of 1% cash back rewards on certain purchases for a secured card, its high APR and the issuer's mixed-to-negative reputation significantly detract from its overall value. The absence of an annual fee is a plus, but the high APR can quickly negate any rewards earned if a balance is carried. The card is best suited for those who have no other options and are diligent about paying their balance in full each month. Alternatives from more reputable issuers should be explored first.