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Secured Credit Cards In USA

A secured credit card is a type of credit card secured by a deposit account owned by the cardholder that is, a secured credit card is a credit card that is linked to a bank account, allowing a credit card company to deduct payment if the cardholder fails to pay. To obtain a secured card in the US, a consumer must deposit an amount of money equal to the credit limit of the card into a bank account. This account is separate from any other accounts the consumer may have.