The very first question you should
ask about a secured credit card is whether your payment history will be reported; next, you should find out how often it will be reported.
One good
thing about secured credit card is that, it can be converted to an unsecured credit card if you have been making your payment on a regular basis over the past one or two years.
In another question, you
asked about secured credit cards, and I would encourage you to make good use of that card; paying it off fully and on time, etc., in order to build up the good side of your credit.
The great thing
about a secured credit card is, the credit bureaus can not determine it from a standard credit card.
While unsecured credit cards for subprime consumers often come with huge fees, one of the best things
about a secured credit card is that your deposit is fully refundable, so long as you maintain your account in good standing.
The thing
about those secured credit cards, and actually, I do like them for rebuilding credit more than I like them for establishing credit, because they typically have a low credit limit, it's easy to have that affect your credit score, because remember, 30 percent of your credit score is based on your credit utilization.