The biggest benefits of a secured credit card over a standard unsecured bank credit card is:
- You have control over the credit limit.
- Some secured credit cards will turn into unsecured credit cards, with timely payment history.
- Secured cards, when compared to low-limit cards for rebuilding credit, have a relatively low APR.
- Because you have control over the credit limit, larger credit lines are possible, resulting in a higher credit score.