DCU Visa Platinum Secured Credit Card
DCU Visa Platinum Secured Credit Card
Make a small donation to a nonprofit, and you can get one of the best secured cards on the market.

Digital Federal Credit Union's secured card charges no annual fee, a rarity among secured cards. It also carries a fairly reasonable 11.5% APR.

Anyone who is a member of one of the credit union's more than 700 participating companies and non-profit organizations is eligible for the card.

And there are nine organizations that anyone is able to join to become a member, making the card much more attainable than the secured cards offered by other credit unions, like the Navy Federal's secured card. You can pay $15 to join the American Association of People with Disabilities, for example, or you can join Reach Out for Schools for just $10.

Cardholders must make an initial security deposit of at least $500 -- which becomes their credit limit -- and they are able to earn .05% interest whatever deposit they make -- a perk that's unheard of among most secured cards. They must also have at least $5 to fund the account.

"This is a great option for anyone with bad credit or no credit history who is willing to jump through a few extra hoops in order to become a member of the DCU credit union first," said Heckathorn.

By Blake Ellis @CNNMoney - Last updated April 30 2012: 12:32 PM ET
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