If you’re just starting your credit journey or trying to recover from past mistakes, a secured credit card can be your way forward. It’s safe, simple, and designed to help you build trust with lenders.
- A secured credit card requires a refundable deposit, often equal to your credit limit. For example, a ₦50,000 deposit usually gives you a ₦50,000 credit line.
- It’s designed for people with no credit or low credit scores — and helps you build or repair credit over time.
- Your payments are reported to credit bureaus. Using the card responsibly — staying under the limit and paying on time — gradually improves your credit profile.
- Use it for everyday purchases, but stay disciplined. Never spend more than you can repay.
- Always pay the full balance each month. This avoids interest charges and shows you’re managing credit wisely.
- After 6–12 months of good usage, some banks may upgrade you to an unsecured credit card — no deposit required
👉 A secured credit card is your stepping stone to bigger financial opportunities.