You can find more information on Bank of America's secured credit card offers here.

Beware that like all credit cards, the secured cards have very high transaction fees for cash advances and other special transactions. They are very clearly spelled out in the disclosures.

Capital One ( COF) offers a secured MasterCard ( MA) with a relatively low annual fee of $29, with a required "$49, $99 or $200 refundable deposit based on your creditworthiness." Available secured credit lines range up to $3,000.

Wells Fargo ( WFC) offers a secured credit card with an even lower annual fee of $25. Deposit and credit lines range up to $10,000.

If you are looking to rebuild your credit score and can afford to make a deposit to get a secured credit card, it is worth calling around and learning about the differences between the available offers, to select the one that is best for you.

-- Written by Philip van Doorn in Jupiter, Fla.

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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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