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Secured Credit Cards

Secured credit cards are a type of credit card that is backed by a deposit that the cardholder makes with the issuer. This deposit acts as collateral and ensures that the issuer will be paid if the cardholder fails to make their payments. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to secured credit cards.

What Is a Credit Card Annual Fee? How to Know If It's Worth It Thumbnail

What Is a Credit Card Annual Fee? How to Know If It's Worth It

Andrew Latham

Secured Credit Card: How It Works, Who Needs One, and How to Graduate Thumbnail

Secured Credit Card: How It Works, Who Needs One, and How to Graduate

Andrew Latham

Thin File: Understanding, Building, and Examples Thumbnail

Thin File: Understanding, Building, and Examples

Silas Bamigbola

Subprime Borrower: Navigating Challenges with Examples and Solutions Thumbnail

Subprime Borrower: Navigating Challenges with Examples and Solutions

SuperMoney Team

About Secured Credit Cards

Secured credit cards are a type of credit card that is backed by a deposit that the cardholder makes with the issuer. This deposit acts as collateral and ensures that the issuer will be paid if the cardholder fails to make their payments. These cards can be a good option for people who have poor credit or who are just starting to build their credit history.