Secured Credit Card vs Unsecured: What’s the Difference? Story

[{"selector":"#anim-63f0708a-8f6b-42fa-b88b-fb5ffe7bd832 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(8.618002098688184%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-53dd42b1-6ecd-4381-bf1e-439ca20c49a4","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5816a045-bb7b-4ab5-a185-c5194dfcb829","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Secured Credit Card vs Unsecured: What’s the Difference? Learn more

[{"selector":"#anim-c13ab4e2-c223-4df3-baae-393c5b1e38c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-20.504214873091115%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d96e7ce9-fae3-4494-9749-a6f7dbda88e5","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e5b0c49-68ae-46e2-9aa5-d9d03a108bb4","keyframes":{"transform":["translate3d(90.09901%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4300375b-c820-4d4a-a2bf-52df36c62c53","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af700e78-606a-4fd8-bf3a-faa4442477cf","keyframes":{"transform":["translate3d(117.30768%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f7dc9fe-3306-40d0-a8a4-5364ea7113c9","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d0acbe3-7d41-46a7-834e-81d99151818a","keyframes":{"transform":["translate3d(88.29039%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a8189367-e94a-47a9-9e2e-b9f5390bb7bd","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30182fdc-fa96-41e2-a560-d5dfb566b6b1","keyframes":{"transform":["translate3d(118.09210%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] What is a Secured Credit Card? 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. Learn more

[{"selector":"#anim-59e30d92-c796-4f6f-aaaa-12f350b954a0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.2792967614035%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-65219705-7bc4-438b-abdd-3cc020572899","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15551941-297b-4d1d-957a-7ff28014f960","keyframes":{"transform":["translate3d(92.85714%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b5927bc-1ee8-429a-ab7a-f1afe4b575d0","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29b78b32-1f43-4c56-82c1-9b252c98a838","keyframes":{"transform":["translate3d(114.82649%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5facfb44-256f-4a50-9397-43678df0bc46","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ce52277-079b-4d4a-8822-6e26ca6a995a","keyframes":{"transform":["translate3d(-92.60205%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-20d4528d-1393-43e4-954f-df96239e85fa","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-178c011b-1d41-4e98-aa85-fa5e9fe6cc99","keyframes":{"transform":["translate3d(-115.46053%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] How Does a Secured Credit Card Work? Secured credit cards work by having the cardholder front a required deposit to open an account, reducing the risk to the credit card issuer of you defaulting or missing a payment. Learn more

[{"selector":"#anim-ce0ed23e-486c-4387-a659-43a86bdd8543 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-49.999999920802416%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d89463d0-3c04-4c31-93e7-be516088afaa","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fac1f508-b40e-4c6b-bc49-c4841d84d91a","keyframes":{"transform":["translate3d(-86.46081%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cf19b7a-6dd1-40de-a711-139d31a9db04","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd4f9ae2-f4ca-4f78-88a0-829877753649","keyframes":{"transform":["translate3d(-120.13652%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1d90f38-0357-4cc9-8c94-fbaa158891bb","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ed1d948-ec85-4432-84a5-d5419e5b1bd6","keyframes":{"transform":["translate3d(-90.97387%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-503d2706-2d04-4028-883f-1ede1129e515","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d7c82fe-3df2-4881-8e9c-9cd8aa359fff","keyframes":{"transform":["translate3d(-117.43421%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] What is an Unsecured Credit Card? This type of card has a higher risk to lenders because they rely on your credit history and your ability to repay. Learn more

[{"selector":"#anim-bd80924d-cab5-435e-8685-2775c7135848 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0, -14.523978588683272%, 0)","translate3d(0, 0%, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e1b762c6-63d8-4523-bd1f-bf26bca3d104","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-22694404-7c0b-48d5-87ea-aad830c111d4","keyframes":{"transform":["translate3d(-96.29629%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-520d9df8-ad80-445a-8dc9-89b274a1e70e","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b552d96-3e0d-4d62-b3bf-ecc18045ec1d","keyframes":{"transform":["translate3d(-115.43409%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d26d2664-9c8a-4527-864d-be8f297f34fe","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-23d0984d-39cc-48cb-ade2-fcab4bba54b4","keyframes":{"transform":["translate3d(88.56447%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08cb23b6-880a-43ca-9fda-cf2c1fe2019e","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ba99964-aecd-4c42-8562-3c1d03b4f6e3","keyframes":{"transform":["translate3d(115.78947%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] How do Unsecured Credit Cards Work? They work by providing you with a revolving line of credit, meaning you can spend up to an approved amount without making a payment within a monthly billing cycle. Learn more

[{"selector":"#anim-837dceca-1ad7-4340-875a-69fe753af5e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cb50ccc9-699e-498b-bbb9-1e02efb5a6b9","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-787995d6-28d7-48ca-a7b5-f2189dd9b70c","keyframes":{"transform":["translate3d(0px, -90.28322%, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-31c82dcf-0879-432c-93f0-b3c3b688f63b","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1321d059-30e9-4a4b-ab5a-461986af81e3","keyframes":{"transform":["translate3d(0px, -136.22617%, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d942353-6207-4b35-a403-a1f3bd171257","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b669e40-20b5-4650-8511-2e4f89497d5a","keyframes":{"transform":["translate3d(-91.10577%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db84ceb3-9faa-4148-9d6a-d080193ddbda","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45b804b7-8c48-4dc0-814a-91b35f194cde","keyframes":{"transform":["translate3d(-116.11842%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Secured Credit Card vs. Unsecured Credit Card The key differences between secured credit cards vs. unsecured cards come down to: - The upfront deposit you must pay to open a secured credit card - Rewards program offerings - Annual fee options and - Available credit limits Learn more

[{"selector":"#anim-97a8c86e-e4e5-4c00-ad9e-095151078808","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.3)","offset":0.33},{"transform":"scale(0.97)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-6e908ffd-217c-4f7e-9b15-8208aa2337d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-60.19027766394661%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] SWIPE UP FOR MORE ABOUT Secured Credit Card vs Unsecured: What’s the Difference? Learn more

[{"selector":"#anim-91957755-6c9b-4875-9b9b-62a03253affe","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-effce61c-bfe7-491d-9bec-03067e453c40","keyframes":{"transform":["translate3d(0px, -238.15521%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d4dc7bce-9d5b-4aa0-b0f0-4b33a3a0f15c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f01a169-e168-4a3e-9200-6060acaa46ed","keyframes":{"transform":["translate3d(-121.60495%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1de80bc-60bf-4a8c-808f-1b35b8a16335","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66d0e7f9-a22a-48c9-b5a8-d6fb6b4b3cc3","keyframes":{"opacity":[0,1]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1dc0c843-c998-46eb-bdac-78ac92c0e470","keyframes":{"transform":["translate3d(-122.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe966d62-c6ec-408c-a3b6-c2187b0a7bf3","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e70eb6c2-6be6-4298-a45e-b8c2fb41dc8c","keyframes":{"transform":["translate3d(-191.04478%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a980e0b-43e4-4b70-9ae9-40012b3ad040","keyframes":{"opacity":[0,1]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e73e18ab-9a5b-473b-abc9-0336271321ac","keyframes":{"transform":["translate3d(-121.4724%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d21b923-a556-402d-bd32-b923ddc47ad6","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-386c89d9-655d-48c9-8b49-8cf084a838b6","keyframes":{"transform":["translate3d(-121.87501%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0f8251e5-7278-43ed-be28-b50e184999fd","keyframes":{"opacity":[0,1]},"delay":900,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5190edb-ba22-4460-af46-41e86a54c3a1","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-605f9752-27ab-40b0-aefd-f1d0f79efe21","keyframes":{"transform":["translate3d(-193.03482%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29dbc688-14da-48b9-994c-6713fc82218d","keyframes":{"opacity":[0,1]},"delay":1200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad50e686-7aad-4c48-90d4-0d8a47372f3f","keyframes":{"transform":["translate3d(-121.60495%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1200,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0c8778f-00fa-444b-8b26-e832ab30866a","keyframes":{"opacity":[0,1]},"delay":1500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08038a02-08e6-4492-b35c-c3dc5d5bf40a","keyframes":{"opacity":[0,1]},"delay":1700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4a83711-1620-479a-819c-833a3d14a399","keyframes":{"transform":["translate3d(-193.53234%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ccb012f-c598-4fdc-be44-e1330072c99d","keyframes":{"opacity":[0,1]},"delay":1400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7bcc7f0e-e144-4e04-ba8a-9d35c07ce6c0","keyframes":{"transform":["translate3d(-122.49999%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1400,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] OTHER STORIES What is Credit Card Piggybacking & Does it Help Credit Scores? Will Having Authorizer User Status Help Build Your Credit Score? 5 Best Free Debit Cards for Kids & Teens [Save, Spend & Earn]