Secured Credit Cards

Like prepaid credit cards, secured credit cards are secured by your funds, however, a secured credit card may actually be a better choice for rebuilding your credit quickly. Your security deposit functions just like a deposit on an apartment, utility service, etc. Not only will you get statements, but you’ll also need to make regular payments, and your regular payments will be reported to the major credit bureaus on a monthly basis.

Here are the most popular secured credit cards: