Exactly like a credit card but will need a collateral in form
of bank deposits which cannot be withdrawn by the cardholder until
he relinquishes ownership of the credit card.
The deposited amount will also serve as guarantee in case
cardholder fails to pay the monthly dues and card becomes overdue.
This will allow the bank to withdraw any amount due from the
collateral deposit account to pay for any amount due.
However, approval of application is still not 100%
guaranteed and will be under the discretion of the bank.
Exactly like a credit card but will need a collateral in form
of bank deposits which cannot be withdrawn by the cardholder until
he relinquishes ownership of the credit card.
The deposited amount will also serve as guarantee in case
cardholder fails to pay the monthly dues and card becomes overdue.
This will allow the bank to withdraw any amount due from the
collateral deposit account to pay for any amount due.
Exactly like a credit card but will need a collateral in form
of bank deposits which cannot be withdrawn by the cardholder until
he relinquishes ownership of the credit card.
The deposited amount will also serve as guarantee in case
cardholder fails to pay the monthly dues and card becomes
delinquent. This will allow the bank to withdraw any amount due
from the collateral deposit account to pay for any amount due.
