Secured Card - A card that is secured by a savings account opened with the issuer. The card is designed for people who are looking to rebuild their credit, but are having trouble getting an unsecured card.

Unsecured Card - A credit card that is not secured by collateral. Unsecured cards are the majority of cards issued.

Stored Value Card - This is not a credit card. It is a new type of card known as a reloadable stored value card. These provide the benefits of having a credit card regardless of banking history or credit score. That means all the money loaded to the card is available to spend. And there is no requirement to open a savings account or make a deposit to "secure" a line of credit.