Secured cards are reported as revolving credit (
just as any other credit card) and are easy to get because the bank doesn't take the risk - you do.
The card's lustre had dulled slightly over recent years
as other credit card providers made efforts to be more innovative but Amex breathed life into the card last year when it finally improved the card's offerings (notably with the removal of foreign transaction fees).
But
even as other credit card issuers have cut back rewards, Fidelity's cardholders need not fear: The generous rewards system will remain intact.
The card is used the same
as any other credit card.
If a Secured Credit Card is reported to the three major credit bureaus, it is reported the same
as any other credit card.
In the future, AmEx may from time to time launch special double - points promotions for these cards,
as other credit card issuers already do.
Citi issues the AT&T card, as well
as other credit cards that earn ThankYou points.