A secured credit card is a great option for those who have no credit history or a low credit score. Generally, secured credit cards are easier to get approved for than unsecured cards, and they offer several benefits. One of the top pros is that by using a secured card responsibly and making timely payments, you’ll establish a positive credit history and build your credit score. This matters because a good credit score is necessary to qualify for loans, mortgages, and other types of credit in the future. Plus, you can control your credit limit by choosing a security deposit amount, which can help you stay within your budget and avoid overspending.  After using a secured card responsibly for a period, you may be able to upgrade to an unsecured card or increase your credit limit.