Secured credit cards are designed for individuals looking to build or rebuild their credit history. These cards require a security deposit, which serves as collateral and determines your credit limit. By using a secured credit card responsibly, you can establish a positive credit history and improve your credit score over time. Secured credit cards are a valuable tool for those who may have limited or no credit history, as well as for those who are working to repair their credit after past financial difficulties.

With a secured credit card, you can enjoy the benefits of a traditional credit card, including the convenience of making purchases online and in stores, as well as the ability to track your spending and manage your budget. Additionally, many secured credit cards report to the major credit bureaus, helping you build a positive credit history with responsible use. By making on-time payments and keeping your balance low, you can demonstrate your creditworthiness and eventually qualify for an unsecured credit card with better terms and higher credit limits.