Texas Tech University

The Best Secured Credit Cards of July 2021

June 28, 2021

WALLETHUB - A secured credit card is a credit card that requires you to place a refundable security deposit but otherwise works exactly like any other credit card.

WalletHub makes it easy to find the best secured credit card. 


Ask the Expert

Mike Mauldin is director of the Excellence in Banking Program at Texas Tech University's Rawls College of Business. 

  • Do banks and credit unions make money off the security deposits from secured credit cards?

  • Why don't more secured credit cards pay interest on your security deposit?

  • Why aren't there more secured credit cards available?

  • How does a secured credit card with no annual fee make the issuer money? 

To read Mauldin's responses, click here.