PREPAID CREDIT CARD (or better known as SECURED CREDIT CARD) | |
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SAMPLE CARD | ![]() |
BRIEF DESCRIPTION |
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CARD LIMIT | An amount which is usually less than the collateral deposit. |
PAYMENT | Same as credit card |
FEES AND PENALTIES | Same as credit cards. |
WITHDRAWALS VIA ATM | Same as credit cards. |
MAINTAINING BALANCE | Requires a certain amount of deposit which is higher than the credit limit as collateral. |
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