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A secured card requires a cash deposit. The deposit reduces the risk to the issuer, making these cards an option for people with bad credit. 4What is a secured credit card?
A secured credit card is a card that requires a cash security deposit when you open the account. The deposit reduces the risk to the credit card issuer: If you don't pay your bill, the issuer can take the money from your deposit. That's why these cards are available to people with bad credit or no credit.
The deposit is usually equal to your credit limit, so if you deposit $200, you'll have a $200 limit. Use the card responsibly, and you can improve your credit enough to qualify for an unsecured card — one that doesn't require a deposit.
Click on the link to get full information about the Secured credit cards: https://cardinsider.mystrikingly.com/blog/secured-credit-cards-everything-you-need-to-know