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What Is A Secured Credit Card & How Does It Work? (EXPLAINED)

➡ Best Secured Credit Cards - https://www.creditcards.com/secured/?... ➡ Try CardMatch - https://www.creditcards.com/cardmatch... Click “Show More” For Advertising Disclosure ▮▮▮▮ MORE INFO Secured Credit Card - Full Guide: https://www.creditcards.com/secured/?... Average Credit Card Interest Rates: https://www.creditcards.com/credit-ca... Graduating From a Secured Card to an Unsecured Card: https://www.creditcards.com/credit-ca... Best High Limit Secured Credit Cards: https://www.creditcards.com/credit-ca... Credit Utilization: https://www.creditcards.com/credit-ca... What Is A Secured Credit Card & How Does It Work? (EXPLAINED). This guide is a general overview of secured credit cards, who they are best for, and some of the main considerations you should think of before you get one. Even more, we specifically address the topic of secured vs unsecured credit cards. Oftentimes, a secured credit card is a great way to build credit if you have poor credit or very limited credit history. They are not your only options, but secured cards can be low hanging fruit, so to speak, for going from nothing to a good credit score. ▮▮▮▮ ADVERTISER DISCLOSURE At CreditCards.com, we create honest, accurate, and objective content to help you make more informed decisions. To support our work, we are paid for providing advertising services. The compensation we receive and other factors may impact what ads and links appear on this page, and how, where, and in what order ads and links appear. While we strive to provide a wide range of offers, this page does not include information about every product or service that may be available to you. And your actual offer terms from an advertiser may be different (e.g., subject to additional terms) than the offer terms on this page. All information is presented without any warranty or guarantee to you. For more information, please see our website. The editorial content on this video is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. ▮▮▮▮ FIND US HERE Website: https://www.creditcards.com/?utm_sour... Facebook:   / creditcards.com   Twitter:   / creditcardscom   Instagram:   / creditcardscom   ▮▮▮▮ TIMESTAMPS • 0:00 - Video Overview • 0:46 - What is a secured credit card? • 1:39 - How are they different from an unsecured credit card? • 3:12 - Annual Fee • 3:29 - Alternatives to build credit • 5:24 - Outro