Credit Cards Comparison Chart

Want to know the difference between a traditional credit card and a secured credit card? Read this quick comparison. Then you’ll be ready to choose the one that’s right for you.
 

 

Description
Savings Account Deposit Required
Credit Limit
Is Credit Score Used for the Application?
Is Information Reported to Credit Bureaus?
Where to Apply
Annual Fee
Description
  • A traditional credit card
  • Make purchases anywhere Visa is accepted
Savings Account Deposit Required

No

Credit Limit
  • From $500 to $25,000
Is Credit Score Used for the Application?

Yes–Your credit score is pulled and reviewed as part of the application

Is Information Reported to Credit Bureaus?

Yes

Where to Apply
Annual Fee

None

Description
  • An option to establish or restore credit
  • Works just like a regular credit card for making purchases
Savings Account Deposit Required
Yes–Funds are held as collateral
Credit Limit
  • From $300 to $1,000
  • Your credit line is based on the amount you deposit as collateral in your ESL Secured Credit Card Savings account
Is Credit Score Used for the Application?

No–A credit score is not required for the application

Is Information Reported to Credit Bureaus?

Yes

Where to Apply
Annual Fee

None