Secured vs. Unsecured Credit Cards: What’s the Difference? 

Not sure which credit card is right for you? Here’s a quick breakdown to help you decide:
Secured Cards
  • Requires a refundable deposit (usually equal to your credit limit)
  • Great for building or rebuilding credit
  • Lower risk of overspending
  • Ideal for those with limited credit history or lower scores (below 670)
Unsecured Cards
  • No deposit needed
  • Offers more perks like cashback and travel rewards
  • Requires responsible spending and repayment
  • Best for those with strong credit (670+)
Which Should You Choose?
  • Go Secured if you’re starting out or rebuilding credit
  • Go Unsecured if you have good credit and want rewards
No matter what you choose, be sure to keep learning! Visit the Harvard FCU blog for more credit tips, tools, and guidance.
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