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| Name | What is a Secured Credit Card? | Discover | Card Smarts |
| Video Uploader | Video From Discover |
| Upload Date | This Video Uploaded At 08-10-2019 10:29:05 |
| Video Discription | A secured credit card is a type of credit card that requires a security deposit that will equal the card’s credit limit. For instance, if you’re approved for a $500 credit limit, you may be required to put down a $500 deposit. Related links: What Is a Secured Credit Card?: https://www.discover.com/credit-cards/card-smarts/what-is-a-secured-credit-card/ Discover Secured Credit Cards: https://www.discover.com/credit-cards/secured/ Card Smarts: https://www.discover.com/credit-cards/card-smarts/ A secured credit card can be a first step in using credit cards and establishing credit. Secured credit cards can also be an option to help rebuild your credit if you’re recovering from a financial setback. With a secured credit card, the issuer holds your deposit in case you don’t pay your bill. Once you show a record of paying your monthly bills responsibly, you may be eligible to convert your secured credit card to an unsecured credit card. Related videos: What is a Credit Bureau?: https://www.youtube.com/watch?v=nnyMioKSgbY What is Credit History?: https://www.youtube.com/watch?v=t-k7FtZxyE8 Subscribe to our channel and also follow us here: Facebook: https://www.facebook.com/discover Instagram: https://www.instagram.com/discover Twitter: https://www.twitter.com/discover LinkedIn: https://linkedin.com/company/discover-financial-services |
| Category | People & Blogs |
| Tags | secured credit card | secured credit cards | what is a secured credit card | what are secured credit cards | best secured credit cards | how to build credit | secured credit card explained | secured credit explained |
