The definition of this card is thatt this type of credit card 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, 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.I want to recommend one website which provide this kind of service. The URL of this website is http://www.securedcreditcards.in/ . There are a few interesting articles about financial for example what is secured credit card ,way to rebuilt credit , how to establish credit , best credit card for people with bad credit and etc . I bet you will be useful for your financial knowlwdges .
Beside that , it has 2 secured card to offer . The first one is Orchard Bank MasterCard with low annual fees , competitive APRs , Credit Limit Increase review, and with online account management . The other one is New Millenium Bank MasterCard and Visa Card with egergency cash transfer , accident insurance , and lot more !
So you can start to apply Secured Credit Cards now . Get your financial freedom here :)
p/s:paid post
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