Green Light
Proceed through a Green Light without hesitation, would get any card identified with a green light without giving it a second thought. All these are elite Credit Cards

Yellow Light
Proceed through a Yellow Light with hesitation but still run a yellow 9/10 times, would get any card identified with a yellow light but think twice or take a step back before applying

Red Light
Proceed through a Red Light with a good reason (wife’s about to give birth) would only get a card identified with a red light for a GOOD reason (going on a cruise or need to build your credit)

DISCOVER IT SECURED

Pros:

-No annual fee
-No foreign transaction fees
-No late fee on your first late payment
-2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter (great for a secured credit card)
-At the end of the first year of cardmembership Discover will give you an unlimited dollar-for-dollar match on all the miles you’ve earned
-Best Secured Credit Card on the market

Cons:

-If you cancel the card you loose your cash back
-Have to put up a refundable security deposit in the amount of your approved credit limit

CAPITAL ONE SECURED MASTERCARD

Pros:

-Only a $49, $99, or $200 refundable minimum security deposit for an initial credit line of $200
-Access to a higher credit limit after making your first 5 monthly payments on time
-Pick your monthly payment due date
-No annual fee
-No Foreign Transaction Fees
-Auto Rental Collision Damage Waiver, Travel Accident Insurance, Extended Warranty

Cons:

-No intro bonus or point accrual on purchases
-High APR so need to make sure your statement balance is paid each month
-Only for individuals trying to build credit and can’t get approval for any other cards (Last Resort!)

BANKAMERICARD SECURED

Pros:

-No annual fee
-Free monthly FICO Score updates

Cons:

-No intro bonus or points for spending on the card
-3% Foreign Transaction Fee
-Need to put down at least a $300 deposit to secure this card
-No travel insurance, purchase protection or any of those other great benefits

CITI SECURED MASTERCARD

Pros:

-Build credit history with no annual fee
-Choose your payment date (whatever day of the month works best for you)
-Access to your FICO score

Cons:

-A security deposit for the amount of your credit limit is required
-No intro bonus or point accrual
-3% Foreign Transaction Fee
-Apply for Citi Rewards+ first, use this as a last resort

US BANK SECURED VISA

Pros:

-Free Transunion Credit Score
-Choose your payment date

Cons:

-$29 Annual fee
-Must put up a security deposit for the amount of credit you’re approved for
-No point or cash back accrual on purchases
-3% Foreign Transaction Fee