QWhat Is A Secured Card?
ASecured cards require you to make a bank deposit up front. The limit on the card is usually related to the amount of the bank deposit. The bank has the right to take money from your deposit if you don't pay your bill. Secured cards are usually sold to people who have credit problems and can't get a regular "unsecured" card. But a secured card from a bank may be a good deal for anyone. A secured MasterCard or Visa looks just like a regular one and the law ensures that it has all the same consumer protections.