Public Savings Bank OPEN SKY Secured First Visa(R) Card

The Public Savings Bank secured credit card is by far my top choice when it comes to credit cards for people that have bad credit. They have some of the lowest fees on the market, and it's one of the only cards that have no annual fees. This is extremely hard to come by with these type of cards.

Credit Check
With Public Savings Bank, all applications are accepted. There are no credit checks, because it isn't a factor, and there are no income requirements.

Credit Limit
The reason the Public Savings card is so great is because they allow you to reach a higher credit limit than most of the cards out there. With Public Savings, your credit limit can be as high as $10,000. Keep in mind that your deposit will be backed by the FDIC, since Public Savings is a FDIC insured bank.

Credit Reporting
This particular secured credit card does report to all three major credit card bureaus. This is great for those looking to establish their credit once again. It will be accepted everywhere you see the Visa or MasterCard logo.

Annual Fee
The annual fee for this card is $50 a year. Be sure to read the terms and conditions to get more information on the card.