Secured Credit Cards
A type of credit card that is backed by a bank savings account. This card is therefore guaranteed from the funds taken from the bank account. Secured cards are used by individuals who are new to credit cards, have not yet established a credit line, or has a bad credit history. The purchase limit of secured cards is dependent on previous credit history or the amount deposited in the savings account. This option is also convenient for individuals who want to purchase products that only accepts credit payments such as online shops.
StudentCreditCards :: Feb.22.2008 :: Credit Card Offers ::
2 Responses to “Secured Credit Cards”
on 17 Mar 2008 at 6:43 pm1Interest Only Calculator
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