You can apply for a secured credit card in the same way you would apply for a regular credit card. They are issued by nearly all of the leading credit card lenders, like Visa, Mastercard, and Discover, and look just the same. Cardholders can use the card anywhere the card brand is accepted and may be eligible for perks and rewards. Cardholders also receive monthly statements showing their end-of-period balances and the activity on the card during the specified month. They’re responsible for paying at least the minimum due, and they pay interest on outstanding balances, which is detailed in the credit agreement.