Secured Credit Cards

Secured credit cards are designed for individuals who want to build or rebuild their credit. They require a refundable security deposit, which typically sets the card’s credit limit. This collateral reduces risk for lenders, making approval easier for those with limited or poor credit history.

Despite the deposit, secured cards function like standard credit cards—you can make purchases, pay bills, and build credit as long as the card activity is reported to major credit bureaus. Responsible use, especially making on-time payments and keeping balances low, helps strengthen your credit score over time.

With consistent positive usage, many cardholders may qualify to upgrade to an unsecured credit card with better terms and no deposit. For those starting out or recovering from credit challenges, secured cards offer a reliable path to improved financial standing.