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What Is a Secured Credit Card?

What is secured credit card?



Member advice on What Is a Secured Credit Card?  
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by Bryan_Carey

Bryan_Carey is a Top Reviewer on Epinions 		Feb 06 '02 Secured Credit Cards: Costly, but They Can Help Those With Bad Credit
Secured credit cards have high interest rates, high annual fees, and require a cash deposit. They can be helpful, though, to those with a bad credit rating. ... read full review 		Very Helpful
by rpoll00
 Jan 25 '01 A Temporary Measure
I would only apply for this type of card if I had bad credit, no credit, or bankruptcy. Its just a means of getting started to building good credit.... read full review 		Helpful
   

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