Secured credit cards require that the card holder puts up collateral in order to get the card.

Name: Secured credit cards require that the card holder puts up collateral in order to get the card.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Secured credit cards typically require the card holder to provide a cash deposit or other form of collateral as a guarantee for the credit line. This collateral reduces the risk to the lender and allows individuals with limited or damaged credit histories to qualify for a credit card.

Secured Credit Cards Require That the Card Holder Puts Up