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Your Credit Card is at Risk because of this hacking device!A secured credit card is a gateway for borrowers with low credit. Like an unsecured card, you receive a credit limit and may even earn rewards. Secured credit cards provide cardholders with a small line of credit in exchange for a refundable deposit that is put down as collateral. If you. Key Takeaways � A secured credit card is a credit card that is backed by a cash deposit, which serves as collateral should the cardholder default on payments.
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