A secured credit card is a type of credit card for people with limited or damaged credit that requires the user to place a refundable security deposit, which the card's issuer holds as collateral until the account is closed. ... And they don't need to charge the same high fees as unsecured credit cards for bad credit.

5 reasons To Get A Secured Card

  1. If you can not get approved for a traditional credit card.

  2. Your deposit is refundable, as long as you do not default on your payments

  3. Credit score improvements as your payments are made on time.

  4. Your on-time payments will report to all three credit bureaus 

  5. Good payments could help you get approved for traditional credit cards.


How To Manage Your Secured Cards 

  1. Do not use more than 10% to 20% of your credit limit

  2. Pay your secured card on time each month

  3. The statement date of your monthly credit statement is the date the credit card company reports to the credit bureau.

Cards I suggest for this Journey:

Credit Card Builder

Open Sky

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