Secured cards work exactly like non-secured cards, the only difference is the bank holds onto collateral, usually equal to your credit line. You still have a bi

Secured cards work exactly like non-secured cards, the only difference is the bank holds onto collateral, usually equal to your credit line. You still have a bill to pay, minimum payment, due date, you can pay the minimum and carry a balance, rack up late fees, etc. The collateral is only returned to you when you close your account or upgrade it to a non-secured card. You don't use the collateral for the monthly bills, just like if you rent an apartment you don't use the security deposit to pay the monthly rent.