 TITLE: Can I Increase My Credit Limit on a Secured Credit Card? CONTENT: There are two types of credit cards: unsecured and secured. When you apply for an unsecured credit card, the bank will typically approve or deny your application based on your record of on-time debt payments, past delinquencies and current credit score, among other possible factors. You're not required to put down any collateral to \"secure\" the credit line.\nIf you have poor credit or a limited credit history (known as a \"thin file\"), you may not qualify for an unsecured credit card. That's where secured cards come in. Because they require a deposit to open the account, secured cards are often a good option for people who can't qualify for an unsecured card.\nA secured credit card can be a great tool for establishing or rebuilding your credit, since the barrier to entry is lower than with an unsecured card. The OpenSky® Secured Visa® Credit Card Card, for example, doesn't require a credit check at all, and reports your account activity to all three national credit bureaus: Experian, TransUnion and Equifax. END