A secured credit card is like a regular credit card, except it’s *secured* by a cash deposit you pay upfront. So, if you miss a payment, the company can recuperate some of the money through keeping your deposit.
By itself it doesn’t magically repair a credit score. It’s just designed for people who have bad credit scores, because the credit card company gets *some* money if you’re not able to pay it off or not using it responsibly.
Otherwise it’s just like a regular credit card – using it responsibly (doesn’t even have to be frequently, just using it for a bill or two per month and then paying it off) can help you build a good credit history.
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