 TITLE: What Is the Easiest Credit Card to Get With No Credit? CONTENT: The Difference Between Secured and Unsecured Credit Cards\n---------------------------------------------------------\nSecured credit cards are backed by a required refundable security deposit, which reduces the lender's risk and makes it easier for people who don't have credit—or who have bad credit—to qualify. This typically makes them easier to get than unsecured cards, which have no such requirement. Some card issuers don't even require a credit check for their secured cards.\nThe credit limit on a secured card is usually equal to the security deposit. You may also be able to send a larger security deposit if you want a higher limit. With unsecured cards, the issuer may determine your credit limit based on your credit history and the information from your application.\nYour security deposit won't go toward your monthly payments: You still have to make regular payments or you could be charged a late payment fee and wind up with a late payment on your credit reports. Because payment history is the most important factor in your credit scores, you don't want that to happen whether you have a secured or unsecured card.\nIf you stop making monthly payments, the secured card issuer may close the account and keep the security deposit to cover the unpaid balance and fees. An unsecured issuer may send your account to collections, or sue you for the remaining debt.\nWhen it comes to using your credit card, secured and unsecured cards work the same way—merchants might not even know if your card is secured or not. END