21Aug
The Difference Between Secured vs Unsecured Cards and Which Is Better For You
Secured Credit Card A secured credit card is funded by a cash deposit supplied beforehand by the cardholder. The amount deposited onto the card is your credit limit, which can be increased by adding more funds after demonstrating a good payment history. The credit line with secured credit cards will be from 70% to 100% of the security cash deposit. Depending on the credit card issuer, the deposit will…