How to Get a Secured Credit Card Today

If you have bad credit and you're looking to find a credit card that will help you improve your score over time, you should be looking for a secured credit card. If you're unfamiliar on how they work, I'll give you a quick cliff note version.

Since you're at high risk to most credit companies, you're going to have to prove to them that you can pay off your bill. IN order to do so, they are going to ask for a deposit. This deposit is going to be your credit limit. Let's say you put $500 on the card, this will be your credit limit. Now, the card works like a credit card but if you don't pay your bill off on time, the company will dip into your account and take the money they need. This again will hurt your credit score. If you pay it off on time, you will only see an increase over time.

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