Secured Card Calculator
Calculate secured credit card requirements, deposit amounts, and understand how secured cards work to build or rebuild your credit.
Step 1: Card Details
Understanding Secured Cards
Secured credit cards require a security deposit that typically becomes your credit limit. These cards are designed to help build or rebuild credit history with responsible use.
Step 2: Fees & Interest
About Security Deposits
Most secured cards require a deposit equal to 100% of your credit limit. Some may accept 50-200%. Your deposit is typically refundable when you close the account in good standing.
Secured Card Results
Required Security Deposit
Secured Card Comparison
| Card Name | Deposit | Annual Fee | APR | Credit Building |
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Secured Card Cost Analysis
Secured Card Formula
Security Deposit = Credit Limit × (Deposit Percentage ÷ 100)
The security deposit for a secured card is calculated by multiplying your desired credit limit by the deposit percentage. Most cards require 100% deposit, meaning a $1,000 limit requires a $1,000 deposit.
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