Above you can see our top five secured credit cards. Still, you may wonder why you should prefer these cards to general credit cards. Of course, there are unsecured credit cards for bad credit. However, they often charge huge interest and additional fees for activation. As a rule, secured cards come with lower APRs. Some even offer a 0% intro period.
Moreover, applying for a secured card, you have much more chances to get approved. By providing a security deposit, you become a less risky borrower for the issuer. However, it doesn't mean approval is guaranteed for every applicant (unless otherwise stated by the bank), and you will still need to prove some kind of stable income to qualify for a card.
These are just some of the main reasons why secured credit cards are often a better choice than some unsecured offers. To make sure a secured card is what you really need, look at other secured credit cards' advantages: