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Secured Credit Cards

What is a secured credit card?

  • A secured credit card requires a cash collateral deposit that becomes the credit line for that account. For example, if you put $250 in to that account, you can charge up to $250.

  • If and when a cardholder does not make their regular payments on a secured credit card, the card issuer can choose to use the funds held in the security deposit to cover the defaulted amounts.

    • Should this occur, how the funds in the security deposit savings account are used can vary between cards and card issuers.

    • Be advised that late pays will be added to your credit report should you not make a payment on time - even if they take the funds out of your deposit. This will DRASTICALLY lower your credit score!

  • Great news is this will help your credit score if you:​​

    • Keep your balance under 30% utilization​

    • Make your payments on time

  • They do report to all 3 credit bureaus

  • If you have little to no credit a regular unsecured credit card can be hard to approved for. 

  • This builder card is a great secured credit card with no credit requirements except you cannot be in an active bankruptcy with the courts

Secured Credit Card Suggestions


  • Click here to apply for the above listed Secured Credit Card. 


Can I get a secured card somewhere else?

  • Of course you can! 
  • We just recommend knowing that they report to all 3 bureaus. 
    • If they don',t it won't impact the credit bureaus that they do not report to​
    • Since this costs you some money up front as a deposit, we don't want to see you waste your money!

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