secured card
Credit requiring deposit
A secured card is a credit card backed by a cash deposit that typically equals the credit limit.
The deposit reduces the lender's risk, making secured cards accessible to people with poor or no credit history who want to build credit.
If you default, the issuer keeps your deposit.
She got a secured card after her bankruptcy to start rebuilding her credit.
- creditRecognition or payment deferral
- credit builderTool for establishing creditworthiness
- depositPlace for safekeeping
- rebuildRestore after damage
- fresh startOpportunity to restart unburdened
starter · collateral · limit · approval · bank · plastic · swipe · balance · monthly · payment · annual fee · score · bureau · guarantee · credit limit · prepaid · annual · fee
- credit cardscardholder, cashback offers, rewards, cashback, loyalty programs
- payment cardsMastercard, Visa, American Express, Amex, Diners Club
- creditcredit score, credit limit, credit scores, credit report, credit line
- credit scorescredit score, credit report, credit history, credit bureau, FICO score