Secured Credit Card vs Unsecured: What’s the Difference?

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What is a Secured Credit Card?

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How Does a Secured Credit Card Work?

[{"selector":"#anim-59e30d92-c796-4f6f-aaaa-12f350b954a0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.2792967614035%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-65219705-7bc4-438b-abdd-3cc020572899","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15551941-297b-4d1d-957a-7ff28014f960","keyframes":{"transform":["translate3d(92.85714%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b5927bc-1ee8-429a-ab7a-f1afe4b575d0","keyframes":{"opacity":[0,1]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29b78b32-1f43-4c56-82c1-9b252c98a838","keyframes":{"transform":["translate3d(114.82649%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":450,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5facfb44-256f-4a50-9397-43678df0bc46","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3ce52277-079b-4d4a-8822-6e26ca6a995a","keyframes":{"transform":["translate3d(-92.60205%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-20d4528d-1393-43e4-954f-df96239e85fa","keyframes":{"opacity":[0,1]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-178c011b-1d41-4e98-aa85-fa5e9fe6cc99","keyframes":{"transform":["translate3d(-115.46053%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

What is an Unsecured Credit Card?

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How do Unsecured Credit Cards Work?

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Secured Credit Card vs. Unsecured Credit Card

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SWIPE UP FOR MORE ABOUT Secured Credit Card vs Unsecured: What’s the Difference?

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Secured Credit Card vs Unsecured: What’s the Difference?

What is a Secured Credit Card?

A secured credit card is a type of credit card that requires you to put down an upfront cash deposit, usually equaling the amount of your credit limit.

How Does a Secured Credit Card Work?

Secured credit cards work by having the cardholder front a required deposit to open an account, reducing the risk to the credit card issuer of you defaulting or missing a payment.

What is an Unsecured Credit Card?

This type of card has a higher risk to lenders because they rely on your credit history and your ability to repay.

How do Unsecured Credit Cards Work?

They work by providing you with a revolving line of credit, meaning you can spend up to an approved amount without making a payment within a monthly billing cycle.

Secured Credit Card vs. Unsecured Credit Card

The key differences between secured credit cards vs. unsecured cards come down to: - The upfront deposit you must pay to open a secured credit card - Rewards program offerings - Annual fee options and - Available credit limits

SWIPE UP FOR MORE ABOUT Secured Credit Card vs Unsecured: What’s the Difference?

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