Secured credit cards are essential for building credit. They are easier to qualify for and help establish a credit history. A refundable deposit is required, usually starting at $200. This deposit acts as your credit limit. Secured cards are easier to qualify for but may have higher interest rates. Timely payments are crucial for improving credit scores. Keeping credit utilization low and paying off balances are key to building credit. The age of accounts also impacts credit scores. Regularly checking your credit score and report is important.

The Capital One Quicksilver Secured card offers 1.5% cash back on all purchases, with the potential to increase your credit limit without an additional deposit after six months. The Capital One Platinum Secured card has a potentially low security deposit starting at $45, $99, or $200, with the chance to upgrade to an unsecured card over time. The Bank of America Customized Cash Rewards Secured Card lets you earn cash back on specific categories, with the opportunity to increase your credit limit.

Read more at Yahoo Finance: How much can a secured credit card raise your score?