Maria Adams, Credit Cards Moderator
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Yes, you can put more money on your secured credit card, either by contacting customer service or by making a request through your online account. However, different issuers have different policies about credit limit increases on secured cards.
Putting More Money on Your Secured Credit Card: Things to Know
- Some credit card issuers require that you make additional deposits, up to the maximum amount allowed before the account opens.
- There might be a cap as to how much you can deposit. So, it’s always better to check your card’s deposit limits with the issuer.
- If you make several consecutive timely payments, some issuers may increase your limit without an additional deposit.
Keep in mind that the amount of your deposit determines your credit limit. At the same time, the deposit serves as collateral for the issuer should you default on the account.
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