Secured vs UnSecured Credit Card ?!!!

Secured vs UnSecured Credit Card ?!!!

I am aware that a secured credit card will help me boost my credit score as long as a I pay on time, but if I can get qualified for an unsecured credit card, should i get one? Basically my question is, will one raise my score faster or higher than the other? Do lenders look down upon "secured" credit cards?

The Answer : Here is the real answer.
Both cards build up your credit. The credit bureaus and lenders don't look down on secured cards because they have no way of even knowing whether it's secured or not. That's between you and the credit card company.You should keep in mind that when you apply for credit whether it's secured or unsecured, it creates a "hard inquiry" that can lower your score several points whether you're approved or not.

So if you apply for a regular card and get declined, you lose those points, whereas if you apply for a secured card, you still lose points but you have a much better chance of getting approved. And to you question of whether one raises your score faster than the other, the answer is they're both credit cards and they both work the same way.

One doesn't do it any faster than the other. Now you can increase your limit easier with a secured card than you could a regular one by adding to the security deposit. And the security deposit does gain interest while you're building credit. As long as you're paying on time and not maxing out the card, building your credit will take care of itself, and eventually you'll get the deposit back and get a regular credit card.