A semisecured credit card is a type of credit card where the credit limit is partially determined by the amount of money the cardholder deposits with the issuer. In other words, it's a cross between a secured and unsecured credit card. The deposit acts as collateral for the account, similar to how a security deposit works with an apartment lease. But unlike a secured credit card, where the credit limit is equal to the deposit, a semi-secured card typically has a higher credit limit. That's because only part of the deposit is used to secure the account.