In the event that you fail to make a payment,_________________ credit cards may take funds from your savings account.

Question

Quizplus · Accepted Answer

Secured credit cards require a deposit that acts as collateral in case of missed payments, which means funds can be taken from the savings account if necessary. Unsecured, revolving and platinum credit cards do not require a deposit as collateral, and do not have the same option to withdraw funds from a savings account.

In the Event That You Fail to Make a Payment,_________________