Secret Formula Secured Card Builds Credit Instantly

How Secured Credit Cards Work

When you sign up for a secured credit card, you’ll be required to make a refundable deposit, which typically ranges from $200 to $2,000. This deposit becomes your credit limit. For example, if you deposit $500, your credit limit will also be $500. As you use the card and make payments, your activity is reported to credit bureaus, which can help improve your credit score if you maintain low balances and pay on time².