What is Secured Credit Card?

A credit card that requires a refundable security deposit (usually $200-$500) that typically serves as your credit limit.

A credit card that requires a refundable security deposit (usually $200-$500) that typically serves as your credit limit. Designed for people building or rebuilding credit. After demonstrating responsible use, you can often upgrade to an unsecured card and get your deposit back.

Closely related concepts include Unsecured Credit Card, Credit Score. Each of these helps clarify different aspects of the same topic.

Secured Credit Card is a card types concept. It typically appears in the context of specific card types and products.