Secured Credit Card vs. Unsecured Credit Card

There’s an adage in business: it takes money to make money. So, too, is it true in the world of credit: to build credit, you need at least some credit to get credit and build it.

A secured credit card is a type of credit card that requires you to put down an upfront cash deposit, usually equaling the amount of your credit limit.

What is a Secured Credit Card?

Secured credit cards work as the first step for young adults or people who don’t have an established credit history to have access to credit.

How Does a Secured Credit Card Work?

Unsecured cards, the most common credit card type, often represent what people want when they apply for a new credit card.

What is an Unsecured Credit Card?

Unsecured credit cards represent a standard financial product available through banks, credit unions and other service providers.

How do Unsecured Credit Cards Work?

- the upfront deposit you must pay to open a secured credit card - rewards program offerings - annual fee options and

Secured Credit Card vs. Unsecured Credit Card

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