Credit cards made available to people to try and create a good credit rating. Secured cards are tied to bank account funds to ensure a payment of the outstanding balance on the account, the credit rating for these cards will be a high proportion of the typical amount within the bank account.
a bank credit card backed by money that you can deposit and keep in a bank account
a card that has been secured by money, provided by you
a credit card backed by money you deposit and is kept in a security account
a credit card obtained by opening up a savings account and making a deposit to "secure" the account
a credit card that requires a security deposit
a credit card that requires you to make a deposit that is used as collateral to secure a line of credit
a credit card that will help you to establish credit or to reestablish credit that has been bad credit in the past
a credit card that you've essentially paid for in advance
a good first step to rebuild credit
a good way of going about cleaning up your bad credit history
a good way to establish, or re establish, a line of credit
a great starting place to re-establish credit or get credit started
a guaranteed VISA for people with bad or no credit history
a is not a "prepaid" card
a just like any other credit card
an account where the security deposit you provide is equal to the credit limit of your credit card
a product sold to a customer who wouldn't normally qualify for credit
a product where the security deposit you
a scams which offer bogus credit cards Union Street
a special A deposit to an interest bearing Bank of America savings account secures your Visa credit card
a special type of credit card in which Debt
a special type of credit usually done where a cheque tax previously existed
a type of credit card secured by a deposit account
a type of credit card that requires you to open and maintain a bank savings account
A credit card to which the cardholder makes a deposit to ensure payment of the outstanding balance if the cardholder defaults on payment.
A consumer uses savings or cash deposit to guarantee the credit card or loan; the limit of credit is based on the amount of deposit available.
A credit card backed by collateral (usually cash).
A consumer uses savings or other collateral to guarantee the credit card; the limit of credit is based on the amount of collateral available
can help you establish or re-establish your credit history. A security deposit is required before a credit card issuer will issue you a secured credit card. A secured credit card is well suited for people who have never had any credit card or any other loan, or for people who want to re-establish and improve their credit rating.
A type of credit card in which one must maintain a savings account to secure the line of credit for the card. The savings account generally equals 50%-100% of the actual line of credit.
A credit card (normally Visa or MasterCard) that has a credit limit secured by a cash deposit placed with the issuing bank by the cardholders. A positive recovery step for consumers who have gotten into credit problems, but need a credit card (for such items as a hotel room, rental car, business/travel, etc.).
A credit card for which you have made a security deposit to guarantee payment of outstanding balances — the credit limit is less than or equal to the amount of the deposit. Secured cards are a good alternative for people who can't get approved for a regular credit card.
A credit card guaranteed by a deposit, usually in a savings account, from the debtor. If the debt on the card is not paid as agreed, the creditor takes the money from the savings account. Secured credit cards are often used by consumers to rebuild their credit rating.
A credit card secured by a savings account.
A credit card that requires you to show assets as collateral for approval, usually by depositing cash into a associated checking or saving account.
A credit card that a cardholder secures with a savings deposit to ensure payment of the outstanding balance if the cardholder defaults on payments. It is primarily used by people new to credit, or people trying to rebuild their poor credit ratings.
A credit card which has a limit equal to funds set aside by the borrower that guarantees repayment. Usually, this takes the form of a bank deposit. For example, ABC credit union says, we'll give you a $500 visa limit if you give us $500 up front that "secures" the card. These are generally offered to people with poor or no credit. Some can be converted to more desirable unsecured credit once a good payment history of a certain duration is established.
A type of credit card requiring that a person deposit a certain amount of cash in a savings account to guarantee the credit card.
A secured card requires you to open and maintain a savings account as security for your line of credit; an unsecured card does not.
Credit card obtained from the bank where you have a savings account, with a limit generally lower than the amount in your savings account.
A credit card linked to a savings account. The funds contained in the account may be claimed by the company issuing the card in the event that the holder fails to make the necessary payments. This arrangement allows the issuer to take on riskier credit card applicants.
This type of credit card is linked to a savings account. The credit card issuer can then claim funds from the account in the event that the cardholder fails to make the necessary payments. This arrangement allows the card issuer to take on riskier credit card applicants.