What is the difference between a secured credit card and a credit card?

What is the difference between a secured credit card and a credit card?


Is it just the fact that I have to send a check when I want a secured CC?





Thank you|||secured is a deposit credit card and unsecured is what most cards are.


Secured is based off the amount you deposit |||A regular credit card is really credit. You send in money to the credit card company AFTER you buy something to pay for it. With a secured credit card you send in money and buy stuff against the money you have on file with them. Basically, it's like a checking acount with the credit card company where you "borrow" against you own money. The only reason I can think of to get a secured credit card would be if you could not get a regular credit card. The reason is because you send them money beforehand. You then can buy stuff with the card up to that amount because they don't trust you to pay back real credit. |||I think everyone pretty much hit it on the head. A secured credit card is a credit card that requires a deposit to use it. If you don't pay off your bill, the credit card company will simply take the money from your deposit.





On the other hand, a credit card doesn't require a deposit and if it isn't paid off, there will be no money withdrawn from your account.