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  • 04-03-2022
  • Business
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What is a secured credit card and how does it work.

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saraashley
saraashley saraashley
  • 04-03-2022
A secured credit card is a card that requires a cash security deposit when you open the account. The deposit reduces the risk to the credit card issuer: If you don't pay your bill, the issuer can take the money from your deposit. That's why these cards are available to people with bad credit or no credit.
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