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unsecured cards

Prepaid Card vs. Secured Credit Card

If a person has poor or no credit, they may have difficulty finding a credit card. There are options for individuals in this situation, though. Those who struggle with credit can often be approved for a secured credit card, and nearly everyone can get a prepaid card. But what is the difference and which is

Top Features : Good credit or bank account not required; initial security deposit can be as low as $200
Top Features : No annual fee; builds credit by reporting to major credit bureaus; initial security deposit can be as low as $200
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Top Features : Builds credit by reporting to all 3 major credit bureaus; low fixed 9.99% interest rate; no penalty rate
Top Features : Reports to consumer reporting agencies; no fees for making payments
Top Features : No late fees or interest charges; NetSpend Mobile App to manage account, and get text message or email alerts