A secured credit card helps you build credit without inviting debt troubles. If your credit is in bad shape, then take out a secured card.
A secured credit card helps you build credit gradually. You can use the card after depositing a certain amount against it. The money is used as the collateral against the card. The credit limit on the card will be determined as per your affordability.
You can use the card for various financial transactions. However, you have to make the monthly payments on the card. If you don't make the required payments, then the credit card company can retain the deposited amount. This induces you to make the monthly payments on time and if you can pay the bills regularly, then your credit score will improve gradually.
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