If you’re looking for a secured credit card with no annual fee, you’ve probably found it difficult to track one down. Nearly all secured credit cards charge an annual fee to cardholders, however there are a few that don’t and I’ll share a couple with you right now.

  1. Digital Federal Credit Union - A not for profit financial cooperative and the largest credit union with headquarters in the New England area (and among the largest 15 nationwide). Digital Federal Credit Union serves more than 300,000 members in all 50 states.
  2. GTE Federal Credit Union - Another not for profit cooperative that helps member/owners build and secure their financial status.

If you’re interested in obtaining a secured credit card with no annual fee from either of these credit unions, the first step is to see if you’re eligible for membership and then if so, apply.