What is a secured credit card and how does it work?
Secured credit cards require a cash deposit in exchange for a small line of credit.
7 min read
Aug 11, 2025
Erin Lowry
Expert Reviewer, Personal Finance
EXPERTISE
- Credit cards
- Debt management
- Personal finance
- Retirement
- Wealth
- Budgeting
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Meet our expertsAbout Erin
Erin Lowry is the author of the four-part Broke Millennial series, including: Broke Millennial, Broke Millennial Takes On Investing, Broke Millennial Talks Money and Broke Millennial Workbook: Take Control and Get Your Financial Life Together. Erin’s been featured in The New York Times, Wall Street Journal, and on GMA3, ABC News, CBS Sunday Morning, CNBC and The Rachael Ray Show. She has written for The New York Times, USA Today, and other major publications.
Erin's latest articles
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Where to get a home equity loan or HELOC: finding the best lender
As more institutions jump on the HE Loan bandwagon, here’s how to sort them.
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Personal loan origination fees: What to know
The interest rate alone doesn’t necessarily tell the whole story about what you owe.
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Listing price: What it is and how to determine it
Listing price, also known as asking price, is literally the price at which a home is listed for sale.
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Are business credit card rewards taxable?
Business credit card rewards are considered a rebate on spending and are not taxable.
3 min read Aug 11, 2025 -
Super savers: How much is too much to put in a savings account?
Here’s how to determine the amount to put in savings — and what to do with the rest.
4 min read Aug 11, 2025 -
Should you take a rebate or 0% financing? It depends
Consider whether you’d like lower monthly payments or cash toward the down payment.
6 min read Aug 07, 2025 -
SBA 504 loans: How to qualify and apply
Long-term, fixed financing for assets. Learn more about SBA 504 loans.
6 min read Aug 07, 2025