Personal Finance Pros and cons of availing a secured credit card Updated : September 15, 2020 10:19 AM IST Secured credit cards are best suited for those who cannot avail of regular credit cards due to the failure of meeting their eligibility conditions. Secured credit cards are issued against collateral in the form of fixed deposits. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.