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A secured credit card is usually used by people with little to no credit or a past history of bad credit. The major benefit that these cards help you to rebuild or establish a credit history. In a lot of cases they will allow you to gain unsecured credit cards or other forms of credit finance like a car loan or mortgage. Another benefit of secured credit cards is that holders can purchase products that can only be paid for with credit cards like shopping online, or maybe a bigger purchase that you would rather not pay cash for. These cards are generally safe and more cost effective to use, especially when you are just coming in to the credit world.