Secured Credit Cards
You CAN rebuild credit history. Start now with a secured credit card.
Whether you have poor credit or no credit history at all, rebuilding credit is possible with a secured credit card. It's simple and safe. You can build, rebuild or reestablish your credit history by making on-time payments to all of your creditors and maintaining your account balances under the credit limits.
So what is a secured credit card? In brief, a secured credit card for bad credit works just like any other credit card but requires you to "secure" your credit line with a security deposit. Most secured cards allow you to set your own limit by choosing the amount of your security deposit. As your credit increases over time over time, your credit line may as well. Plus, the major credit bureaus will be notified of your new and improved credit, helping you to rebuild your damaged credit for the future.
Secured credit cards are one of the very best ways in which a consumer can rebuild their credit, which is what makes them so valuable. They also serve as a "gateway" credit card for consumers that are having no luck getting approved for an unsecured credit card due to poor or limited credit. Card issuers have rewarded secured credit card members with an unsecured offer after they show responsible card use over the course of several months. So, a secured credit card can lead both directly and indirectly to an unsecured credit card down the line, which will only improve a credit history and profile moving forward.
Looking for more information? Read about secured credit cards for rebuilding credit history in our Credit Card FAQ section, and compare secured credit cards below.
First Progress Platinum Prestige MasterCard® Secured Credit Card Highlights
- Fund your new MasterCard® secured credit card with your tax refund today!
- We Can Approve You at Any Credit Score; No Minimum Score Required!
- Approval is Based on a Fully-Refundable Security Deposit ($300 minimum)