ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Secured Credit Cards: How To Rebuild Credit With Secured Credit Cards?

Updated on June 18, 2011

Rebuilding credit is a long process that needs patience and consistency. Creating good payment track record is the ultimate way to rebuild credit. Interestingly, the most important way to rebuild credit is to apply for a secured credit card. Whether you are an online trader or a product buyer, applying and getting secured credit card approval will help you rebuild your credit score and get loans in the future. You can successfully rebuild credit if you use your prepaid credit card in a positive manner which means paying all credit card dues on time.

Step 1: Apply For A Secured Credit Card

If you have a savings or checking account in the bank where you are applying for the secured credit card, then that is a plus point. If not, then for getting secured credit card approval, you need to deposit a certain amount in the secured credit card account. Minimum amount required to deposit in your secured credit card account is $500. But the catch here is that you will not get a credit limit same as the amount deposited. Your credit limit will be anywhere around 60% to 70% of what you deposited initially.

Important Tip: Secured credit cards are important for you to rebuild your credit history by paying some upfront money but sometimes there are a few cards which will not help you in the long run.
Important Tip: Secured credit cards are important for you to rebuild your credit history by paying some upfront money but sometimes there are a few cards which will not help you in the long run. | Source

Step 2: Getting Secured Credit Card Approval

After getting approval of your secured credit card, start using the card for online shopping, trading, paying grocery bills, utility bills, etc. But always remember to make the payments back in your secured credit card before the due date. Keep on doing this for a few months or a year to rebuild credit. Some prepaid credit card companies increase the credit line of a customer above the deposit amount if they see timely payments. This is a positive sign and is your first step towards rebuilding credit.

Making timely payments and good customer track record utilizing a secured credit card will help you rebuild credit. If you see an increase in your credit limit, then you can also apply for a non-secured credit card. It may be possible the credit card company consider your present track record and give you a non-secured credit card. If you get one, then congratulations as it is a proof that you have already rebuilt your credit score.


    0 of 8192 characters used
    Post Comment
    • profile image

      Shelly Evans 

      5 years ago

      a lot of people had poor credit from the past, and they've never lose hope. Secured credit card is the type of card that exactly is right kind of card to help you rebuild credit. more resources at

    • monicamelendez profile image


      6 years ago from Salt Lake City

      I had to use a secured card to get started rebuilding my credit and it honestly worked amazingly well. After about six months, I was able to get a normal, unsecured card with a small limit. Things just kept building and building and now my credit score is over 800.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)