A secured credit card - What to consider when shopping for a secured credit card:

First, let's explain the difference between a secured and an unsecured credit card:

Both a secured and an unsecured credit card can be used to pay for goods and services, but a secured card generally requires a savings or checking account as security for the line of credit. An unsecured card does not.

The deposit for a secured card could range from no deposit, up to several thousand dollars depending on the benefits and the card issuer. Your credit line is a percentage of your deposit.

Usually, a bank will pay interest on your deposit. Some issuers may charge an application and/or processing fees. Before you apply, read the terms for the total fees and if they would be refunded if you are denied the card.