When you are starting to build credit, it can be hard to get approved for a credit card, especially if you have no credit history. Luckily, there are some ways to  build credit  when you have no credit history and one of them is getting a secured credit card.

This type of card gives you the opportunity to improve your credit score and start building credit. Financial institutions trust you with this card because of the way it works. With this credit card you will be asked for a security deposit, which will most likely be your credit limit.

• For example, if you are asked for a minimum of $100 for an initial deposit, that will be your credit limit.

This practice reduces the risks for financial institutions and gives you the opportunity to build your credit.

In this article we will talk about 2 secured credit cards that are great options if you are looking for a secured credit card or want to start building your credit.

Oakstone Gold Secured Mastercard

This secured credit card is pretty straightforward, since it does not include any intro bonus or rewards. On the other hand, it gives you a nice variable 13.99% APR, which, compared to other credit cards, is a low interest rate. This credit card also has an annual fee of only $39, and it has no penalty rate. You should also know that a certain credit score is not required to get this card, and it has no application or processing fees. Your credit line can go from $200 up to $5,000, and the process to apply is simple and easy to complete. Lastly, you will be able to access your credit score in real time and the secured card will report to the three major credit bureaus in the US.

Oakstone Platinum Secured Mastercard

Just like the Gold version, this credit card has no application or processing fees, and it does not require a certain credit score to get approved. The credit limit can go from $200 up to $5,000, and the credit card will report to the three major credit bureaus in the US, which is important when building your credit. The main difference comes with the super low variable 9.99% APR and a slightly higher annual fee of $49. With this credit card you will also be able to access your credit score in real time.