If you’re dealing with bad credit, you’ve probably wondered, “How can I build credit fast?” While there’s no magic fix, a secured credit card can be a powerful tool to help build your credit.
A secured card can be your ally in rebuilding your credit, especially if you’re searching for a credit card for bad credit.¹ However, like any financial tool, it’s crucial to understand the benefits and potential drawbacks to fully use it to your advantage. In this guide, we’ll dive into the pros and cons of secured credit cards.
Our credit scoring model doesn’t care whether your card is secured or unsecured. If your credit score is less-than-perfect, a secured credit card may be a good option for you.