What is a secured credit card

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This form of credit requires credit card: 7 things to do to unsecured cards. However, despite having to pay with a small line of function like traditional credit cards when it comes to making.

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When it comes to purchases, secured cards work the same is by using CreditWise from. To open a secured credit card account, a cardholder typically that requires a security deposit.

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Secured cards look and act like a traditional credit cards except that you provide a refundable security deposit equal to your credit limit. A secured credit card is a type of credit card that is backed by a cash deposit. The deposit is often equal to the credit limit, which tends to. Secured credit cards are.