What distinguishes a secured from an unsecured credit card? A secured credit card is an account type that you "secure" (or "back") with a deposit of your own money. The risk associated with authorizing you for a new credit card account is greatly decreased by your deposit, which acts as collateral for the issuing bank. The secured credit card issuer may utilize your deposit to settle the debt if you fail to make your payments as agreed upon. For more details visit this link: https://creditcardinfobysachin.blogspot.com/2022/12/benefits-of-secured-credit-card.html