Secured Credit Cards

A secured credit card is a type of credit card that requires you to make a cash deposit as collateral, which usually serves as your credit limit. It’s designed for individuals building or rebuilding their credit history. Since the deposited funds secure the account, it's less risky for the lender, making it easier to qualify for. Using the card responsibly—paying on time and keeping balances low—can help improve your credit score. Once you demonstrate good credit habits over time, you may be able to transition to an unsecured card and get your deposit back.