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?? iPhone 16/16 Pro Max: How to Add A Payment/Credit Card To Your Apple WalletA secured credit card is similar to an unsecured one, except it has a refundable security deposit as collateral. When you open your account, you pay. A secured credit card is like a regular credit card, except for one thing: you have to provide a deposit as collateral before you can use it. The main difference between a secured and unsecured credit card is that a secured card requires a security deposit as collateral, and an unsecured card does.