A credit card that is guaranteed by a security deposit so that repayment of the amount borrowed is assured. This is an option to begin to repair a bad credit history.
applicants are required to deposit a collateral fund into an account before a secured card can be issued. The fund will be accessed if the credit card account is seriously defaulted. Benefits: Obtaining a secured card is a good way to establish credit.
a bank credit card backed by cash that you deposit and keep in a bank account
a bank credit card backed by money
a card backed-up or secured by funds you have
a card for which you forward money to the issuer when you open the account, and in return, the issuer will give you a credit line no larger than the amount you deposited
a credit card established by depositing money into an account
a credit card that a card holder secures with a security deposit to ensure payment of the outstanding balance if the card holder defaults on payments
a credit card that provides access to credit Capital One will periodically review accounts for credit limit increases and may See the rates fees rewards and other details for this credit card
a credit card that provides be disclosed by law
a credit card with a rate
a good first step in establishing or re-establishing credit
a major credit card - MasterCard or Visa card
an excellent springboard to obtaining unsecured credit
a VISA or MasterCard for which you need to keep a definite amount of deposit in the bank
A type of credit card whose payment is guaranteed by some type of savings account.
A special credit card that the cardholder secures with a deposit to ensure payment of outstanding balance in case of non-payment. This is mostly used by people new to credit, or people who are trying to rebuild their credit.
A great "first credit card" or way to re-establish your credit rating, this kind of card is "secured" by money you deposit in a designated savings account. For instance, if you deposit $500, your credit card limit generally will be for that amount. If for some reason you cannot pay your credit card bills, your credit card issuer will be paid from the savings account.
A credit card for which the cardholder has made a security deposit, frequently in the form a savings deposit, to ensure payment of the outstanding balance should the cardholder default. Designed for those who lack credit, or have damaged credit.
A credit card which is guaranteed by a cash deposit held in a special savings account or certificate of deposit. The credit line on the card is usually equal to the amount of the deposit. If the cardholder defaults on payments, the issuer will apply the deposit toward the outstanding balance. The deposit must remain in the account until the credit line is closed or the issuer determines security is no longer necessary.
A type of credit card that is backed by a savings account used as collateral on the credit available with the card. Money is deposited and held in the account backing the card. The limit will be based on both your previous credit history and the amount deposited in the account. The limit as a percent of the deposit tends to range between 50% and 100%.
a credit card which is guaranteed with a cash deposit to your card issuer. If you have had credit problems in the past, you can establish a good record using a secured card.
A credit card that is secured by an amount deposited in a designated savings account. The credit limit usually equals the amount of the security deposit. If balances are not paid, the deposit will be used to cover the debt.
A type of credit card that is secured with a savings deposit from the cardholder. The deposit acts as insurance against the outstanding balance if the cardholder defaults on his or her payments. This type of card is often beneficial to those with little or no credit history, or to those who want to rebuild poor credit.
Used by people new to credit, or people trying to rebuild their poor credit ratings. You secure the card by paying an amount upfront to the card issuer, who will then issue a credit card with that sum as your credit limit.
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 used by people new to credit, or people trying to rebuild their poor credit ratings.
A credit card that a cardholder secures with a savings deposit or other collateral to guarantee the credit card or loan; the limit of credit is based on the amount of collateral available. People new to credit, or people trying to rebuild their poor credit ratings may find secured cards to be an excellent means to establishing or rebuilding credit.
A credit card that is secured by the cardholder with a deposit that matches the limit of that credit card.
A credit card guaranteed by a deposit in a savings account or certificate of deposit (CD). The credit line usually equals the deposit. If a cardholder defaults on payments, the issuer may apply the deposit toward the balance owed.