What is the difference between secured credit card and unsecured credit card?

What is the difference between secured credit card and unsecured credit card?

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Secured credit card is usually for the person who has no credit history. On the other hand, unsecured credit card is for the person with good or excellent credit.


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A secured account is secured by a deposit with the issuing bank.  You give them $300 and they give you a secured card worth $300.  An unsecured account does not require this.

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http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
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AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
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SOL for all states
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