Great question! Here’s a quick breakdown:
- Prepaid card: You load money onto the card and spend only that amount. It doesn’t affect your credit score.
- Secured credit card: You make a deposit, and that deposit sets your spending limit. Your payments are reported to credit bureaus, which can help build your credit.
Our most popular card, PlusSecured™, is a hybrid credit card of prepaid and secured card that offers the best of both worlds. This means that you can:
- Control how much you can spend by setting your own limit and loading funds like a prepaid card
- Build your credit score through responsible usage as you would with a secured credit card
