Best
for: Someone with has gotten into trouble with credit cards in the past.
Pros: Most secured cards report to the three credit
bureaus, so using one responsibly can be a way to establish or repair your credit
rating.
Cons: The secured part means you put
down a deposit, usually between $200 and $250, with your application. Many secured
cards have high interest rates and annual fees. Read the fine print very carefully.
Find
the best rate.
