Secured Credit Card

A secured credit card is "secured" by a special savings account that you open with the credit card issuer which acts as collateral for your credit limit. For example, if you deposit $500 in a secured credit card account you'll then have a $500 credit limit. If you default, the credit card issuer simply takes the money out of your special secured savings account.

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Reply to
qq335508
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You mean a pre-paid one? Or a debit card. Go away.

Tiddy Ogg.

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Reply to
Tiddy Ogg

Aha.. what i thought.. but is it.

You need CC not DC for some hotels/hire cars. They are not generally keen on taking cash bungs as security deposits.

Thought I'm sure whatever it is, it is very poor value....

Reply to
whitely525

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