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We compared dozens of secured credit cards across numerous financial institutions and weighed minimum account deposits, annual fees, credit limits, rewards, and more.
A secured credit card is a type of credit card that is backed by a cash deposit. The deposit is often equal to the credit limit, which tends to be equal to 50 percent to 100 percent of the amount ...
Card terms and features. Unsecured credit cards. Secured credit cards. Deposit required? No. Yes. Minimum recommended credit score to qualify. Usually 670 or higher (though there are usecured ...
Secured credit cards work similarly to standard credit cards with one distinct difference: the security deposit. Opening a secured credit card requires a deposit, and your required minimum deposit ...
Multiple security deposits for secured credit cards. Also remember that secured credit cards in particular require a cash deposit as collateral, usually starting around $200 (though some cards ...
Usually your credit limit is tied to the amount of your deposit, so if you open a $300 secured credit card, the card issuer would request a $300 security deposit.
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