Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

U.S. Bank launched two new secured credit cards for consumers who want the flexibility of a credit card without having the credit score to get one.

A secured credit card is a great way to help build (or rebuild) your credit score to be able to qualify for a credit card with a higher credit limit or better rewards. And while solidifying your credit takes time, the two new secured cards from U.S. Bank are worth considering for your daily expenses.

While many secured cards do not offer rewards, the U.S. Bank Altitude® Go Visa® Secured Card and U.S. Bank Cash+® Visa® Secured Card both offer a solid return for every dollar you spend.

Select analyzed both cards to help determine whether or not they are worth a spot in your wallet, and how you can pick the best secured credit card for yourself.

Subscribe to the Select Newsletter!

Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here.

U.S. Bank introduces two new secured credit cards

Regardless of which card you decide is best for you, keep in mind that a secured card requires an initial upfront deposit of $300 to $5,000. This serves as your spending limit as well as collateral for the bank in case you cannot pay off your card. However, if you decide to cancel your card at any point, you will receive your deposit back.

The cards are issued by Visa, and are accepted anywhere Visa is taken.

U.S. Bank Altitude® Go Visa® Secured Card

The Altitude Go Visa Secured Card comes with the following spending categories:

  • 4X points per dollar spent on dining
  • 2X points per dollar spent at grocery stores, gas stations and streaming services
  • 1X points per dollar spent on all other eligible purchases

These points can be redeemed for travel, gift cards, cash back and other purchases and are worth 1 cent each, regardless of the redemption choice you make

Cardmembers are also eligible for a $15 credit for annual streaming service purchases.

The card doesn’t have an annual fee or foreign transaction fees, and you can choose the due date for your bill.

U.S. Bank Altitude® Go Visa® Secured Card

On U.S. Bank’s secure site

  • Rewards

    4X points per dollar spent on dining, 2X points per dollar spent at grocery stores, gas stations and streaming services and 1X points per dollar spent on all other eligible purchases. Cardmembers are also eligible for a $15 credit for annual streaming service purchases.

  • Welcome bonus

  • Annual fee

  • Intro APR

  • Regular APR

  • Balance transfer fee

    Either 3% of the amount of each transfer or $5 minimum, whichever is greater.

  • Foreign transaction fees

  • Credit needed

U.S. Bank Cash+® Visa® Secured Card

The Cash+ Visa Secured Card is a simple cash-back credit card that earns rewards at the following rates:

  • 5% cash back on your first $2,000 in combined eligible purchases each quarter in two categories you choose. Some categories include: tv, internet and streaming, home utilities, cell phone providers, fast food restaurants and movie theatres.
  • 2% cash back on eligible purchases in your choice of one everyday category (like gas stations, grocery stores and restaurants)
  • 1% cash back on all other eligible purchases

The cash back you earn can be redeemed in one of three ways: A statement credit to your account, direct deposit to your U.S. Bank checking, savings or money market account, or a U.S. Bank rewards card (similar to a Visa gift card).

This card has no annual fee, and you can choose the due date for your bill.

U.S. Bank Cash+® Visa® Secured Card

On U.S. Bank’s secure site

  • Rewards

    5% cash back on your first $2,000 in combined eligible purchases each quarter in two categories you choose, 2% cash back on eligible purchases in your choice of one everyday category (like gas stations, grocery stores and restaurants) and 1% cash back on all other eligible purchases

  • Welcome bonus

  • Annual fee

  • Intro APR

  • Regular APR

  • Balance transfer fee

    Either 3% of the amount of each transfer or $5 minimum, whichever is greater.

  • Foreign transaction fees

  • Credit needed

How to pick a secured credit card

There are dozens of secured credit cards available to choose from. But with so many options, how do you pick the right one for you?

Here are a couple factors to consider:

Bottom line

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.