Secured credit cards are backed with cash deposit when you open a new account. Your limit is usually equal to your deposit limit. So if you have $300 deposit, you will have $300 limit.
The credit card issuers don’t like risk. So the deposit is very helpfull for them. If you can’t pay your bill, the card issuers can take money from your deposit.
Unsecured credit cards are available to people with bad credit .
If you pay your bill on time, you will get deposit back.
We advice; please use your unsecured card responsibly. If you use your unsecured card responsibly, you can improve your credit score.