If you’ve done any research on credit cards, you might have come across the terms “unsecured card” and “secured credit card” while exploring your credit options. A secured credit card is a handy financial tool that allows consumers to build credit, develop positive financial habits, and improve their credit scores with responsible use.
What is a secured credit card and how does it work?
Sometimes referred to as a prepaid credit card, a secured credit card works just like a regular credit card except that you’re required to put down a refundable security deposit which also serves as your credit limit. In other words, if you put a $500 security deposit down, you can use the card for up to $500 in purchases.
Use secured credit cards the way you would any other credit card. The card is accepted online and in stores everywhere Visa® is accepted in the U.S. Secured credit cards still report to the three major credit bureaus, so you should always use the card responsibly and aim to pay off your balance on time and in full for the best impact on your credit score.

Do you need good credit for a secured credit card?
One of the best benefits of a secured credit card lies in the requirements. Unlike most regular credit cards, you don’t need perfect credit to be approved for the card. If you’ve made a few mistakes in the past, or if you’re starting from scratch with no credit history, a secured credit card makes it possible for you to establish or reestablish your credit history.
Why is a secured credit card useful?
Whether you need to rent a car, reserve a hotel room, make a utility payment, or catch up on some retail therapy, a secured credit card comes in handy. In addition to being able to tap into extra money when you need it, a secured credit card can also help you learn to use credit responsibly.
It may help to start off using the card for smaller purchases and graduate to larger purchases once you feel more comfortable using the card. Remember, making payments on time and in full can positively impact your credit score—so always do what you can to avoid carrying a balance from month to month.
How do you get a secured credit card?
You can easily apply for the Green Dot Platinum Visa Secured Credit Card online—and applying won’t impact your credit score. Make your refundable security deposit as soon as you receive the card by visiting a participating retailer. Once you’ve put a security deposit down, you can start using the card immediately. It only takes a minute or two to see if you qualify for the card, so there’s really no reason to put off this financially healthy move.
If you’re ready to start building your credit and creating a prosperous financial future, don’t wait. Apply to get your very own Green Dot Platinum Visa Secured Credit Card today and start reaping the benefits. Just be sure to check out their simple fee plan before signing up so you know everything there is to know about the card!
how do I get a green dot credit card
Hi Carol,
You can apply for a Green Dot Platinum Visa Secured Credit Card by visiting http://www.GreenDot.com/Platinum. 🙂