Chip Lupo, Credit Card Writer
@CLoop
Yes, you can put $5,000 on a secured credit card if the card’s maximum security deposit amount is at least that high. Most secured cards do not allow deposits of $5,000 and above, though there are some cards like the Chime Credit Card that will. Both of these secured cards permit deposits up to a maximum of $10,000.
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Secured credit cards are designed for people with bad credit, so you will have to put up a refundable security deposit to serve as collateral on the account. Usually, the amount of your deposit also becomes your credit limit. In some cases, if you manage your account responsibly, you may be eligible for a credit limit increase without adding any money to your deposit.

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