Now while a collateralize card will help you build your score, prepaid credit cards do come with a variety of service fees and they can be considerable. Many of these include an annual fee, which is a charge which you pay annually monthly fee. A fee charged every month, even months if you don't use the card transaction fee. A fee you pay anytime you use the card to purchase an item or services. ATM withdrawal fee, a fee you incur when to take the money from an ATM. Some collateralized cards have free ATM locations you can use to avoid this fee.

Setup fee. A fee to power up your card replacement fee. A fee charged to replace your card if it's ever stolen or lost. Each one of these cheese may well not exist on every collateralized cart. But each card will probably have some of them. Bear that in mind when selecting your secured credit card.