Like unsecured cards, most secured cards are not issued by predatory lenders – and you can typically expect a reasonable annual fee and interest rate. For example, the United Services Automobile Association (USAA) secured card offers a 9.9 percent rate and only a $35 annual fee. The First Progress Platinum Elite Secured Credit Card has no annual fee and a 19.99 percent interest rate. If you don’t plan to carry a balance, then you can avoid annual fees with the latter. If you are going to carry a balance, choose the card with the lower interest rate.