All major secured credit cards report to at least one of the big three credit bureaus, TransUnion, Equifax, and Experian, on a monthly basis. In fact, five of the most popular secured cards, those from Discover, Capital One, Citi, Wells Fargo and Bank of America, report to all three credit bureaus, according to Discover’s website.
When you get a secured credit card, the account should appear on your credit report within 1-2 months. After that, secured cards generally report the day your statement is made available each month.
The fact that secured cards report to the bureaus means they can help you build credit when used responsibly. That means paying your bill on time when there’s an amount due and only using a small portion of your spending limit. If you do that, the monthly reporting will fill your credit file with positive information.