Secured Credit Card

A secured credit card is a type of credit card backed by a cash deposit you make upfront, which serves as your credit limit. This deposit reduces the lender’s risk, making it easier for people with limited or poor credit histories to qualify. Using the card responsibly, such as paying on time and keeping balances low, can help you build or rebuild your credit score. Once you've established a good payment history, you may be able to upgrade to a regular, unsecured credit card and get your deposit back.