A secured credit card is a credit card for people with poor credit ratings that must deposit the desired amount on money before using the card. The card is similar to a pre-paid credit card that allows credit ratings to get better.
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Secured credit cards require that you supply a cash deposit as collateral that becomes the actual line of credit. When first establishing credit or reestablishing credit secured credit cards are an excellent method to use and most banks will be able to provide information on the secured credit cards they offer.
Secured credit cards require a security deposit to establish a credit limit, while prepaid credit cards require you to load money onto the card before using it. Secured cards help build credit, while prepaid cards do not impact your credit score.
According to the research there really are no secured business credit cards. But you can however apply for a secured credit card and then use it for your business.
There are many different types of credit cards that are secured. Any of the major brands will be secured. This includes Visa, American Express, Discover and Master Card.
If you need to get credit cards to help repair your credit, try secured credit cards. Many banks offer secured cards like Wells Fargo and Citi. You can also try store cards but be sure you pay them off each month.