Benefits Of A Secured Credit Card

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Rupinder's Credit card Podcast

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What distinguishes a secured from an unsecured credit card? A secured credit card is an account type that you "secure" (or "back") with a deposit of your own money. The risk associated with authorizing you for a new credit card account is greatly decreased by your deposit, which acts as collateral for the issuing bank. The issuer of the secured credit card may utilize your deposit to settle the debt if you fail to make your payments as agreed upon. For more details visit this link: https://creditcardinfobysachin.blogspot.com/2022/12/benefits-of-secured-credit-card.html