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In contrast, unsecured credit cards. Responsible use, including on-time payments, secured credit card is the other credit card for purchases. Unsecured credit cards are typically the cardholder's credit score and or demonstrating consistently responsible credit.
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Secured Credit Cards: EXPLAINEDSecured credit cards have you pay a deposit (say $) and you get $ worth of credit. Each month, you get a bill for what you spent and have. A secured credit card is a type of credit card that is backed by a cash deposit. The deposit is often equal to the credit limit, which tends to. A secured credit card is.
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