For this type of credit card the card holder secures the card through a deposit account. Normally, the card holder must put between 100 and 200% of the amount of credit that they wish to receive. For example, if the card holder deposits 500 pounds into the account they will receive 500-1000 pounds credit depending [...]
Posts Tagged ‘Compare Credit Cards’
December 3rd, 2009
Secured Credit Cards
Posted in Credit Cards 
Tags: bad credit history, Compare Credit Cards, Credit Cards, Personal Finance, Secured Credit Card
Tags: bad credit history, Compare Credit Cards, Credit Cards, Personal Finance, Secured Credit CardDecember 3rd, 2009
What are Credit Cards
How do credit cards work?
Credit cards are almost always issued by banks. An agreement is made between the issuer of the credit card (bank/credit provider) and the card holder, of a pre-set credit limit. The user is then enabled to make purchases up to the credit limit provided. However, the agreement states that the card [...]
