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Topic Secured vs. Unsecured credit cards? Go to previous topic Go to next topic Go to higher level

By jerbear On 07/06/01  

What is the difference between the two?



By The_Insider On 07/07/01  

A secured credit card is where you put up a security deposit in exchange for credit. Secured cards are generally used by people who cannot get a nonsecured card due to unestablished or poor credit.

An unsecured credit card is where you do not need to make any kind of deposit in order to be granted credit.

The_Insider



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