Secured credit cards happen to be an expensive way to get access to credit. But they can be pretty valuable for those who want to rebuild that credit score. If one pays attention to the various fees of the secured credit card, then one would see that it is pretty expensive to borrow a secured credit card. 

However, the annual percentage rate of the secured cards is on the higher side. But any person who is using a secured credit card happens to have a poor credit score. They would never qualify for the best rates. Individuals who have a lot of problems qualifying for any regular credit card should take up secured credit cards. The deposits they need to put up to get the secured credit card to compensate for any risk associated with providing credit to such individuals. In a nutshell, a secured credit card is one credit card that gets the backup of the cash deposit. It somehow reduces the risks associated with lending to individuals who have a bad credit history. In a way, this credit card helps improve the credit score that helps to lower the cost of the credit.