Many people, possessing bad or no payment history, suppose that they will be rejected applying for a plastic. Some banks really don’t work with those with poor credit. The others let them a helping hand and offer secured cards with guaranteed approval.
Lawrence, a friend of mine, was in the same situation suffering from his damaged credit. But he opened a savings account at the bank and put $300 as a security deposit. And that’s all. Secured credit card was in his hands.
It is similar to unsecured card, but requires making a deposit. And denials are ruled out.