Our Secured Credit Card is backed up by your savings account—that’s why it doesn’t require any existing credit to open. Here’s how it works:
You set aside funds in a special savings account.
The money you set aside determines your credit limit. So if you set aside $500, you’ll have a $500 credit limit.
You make monthly payments, just like any other credit card.
You build (or repair) your credit. Your on-time payments count towards your positive payment history, just like a regular credit card.