answersLogoWhite

0

How do secure credit cards work?

Updated: 9/15/2023
User Avatar

Wiki User

14y ago

Best Answer

you give them money before hand and then they let you have a card with their logo on it (visa, MasterCard, etc) as a credit card and they report to the credit bureau for you to establish credit

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do secure credit cards work?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can one get a secure credit card?

Credit cards can be obtained through all major banks. To ensure that the credit card is secure, avoid applying for the credit cards through third-party agencies or online.


What is a trustworthy company that provides secure credit cards?

There are many trustworthy companies that provide credit cards. Some companies that provides secure credit cards are American Express, Chase, Capital One, and Bank Of America. You should find a close company near you and ask more information about it.


Where can one find out exactly how credit cards work?

One can find our more information about how credit cards work by visiting your local bank or credit card issuer and asking for information pamphlets about credit and credit cards.


Am I still allowed credit cards after bankruptcy?

Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.


How safe is it to apply for credit cards online?

Applying for credit cards online can be secure if the page is a secured site. If it is not it may be a scam or someone may be able to hack into your information.


Are low rate credit cards available in the recession?

Yes, low-interest credit cards are always available. low-interest credit cards feature either a low fixed rate or a low introductory APR. You can apply for a credit card by filling out a secure online application.


Is purchasing with a credit card more secure then purchasing with a debit card?

Purchasing with a Debit Card can be considered more secure. If you use the PIN function, it can be very secure. Most establishments dont ask for proper identification when buying with credit. Keep in mind that MOST debit cards also contain a credit function. Most credit cards and debit cards are protected by fraud from the financial institution that issues the card. In this day and age, the money can be re-deposited into your account.


How good of a credit do I need so that I can get unsecured credit cards?

You should be able to secure a credit card if you have fair to good credit. That would be a number above 600 to 650.


Do credit cards work if they get wet?

Yes


Should I feel completely secure when using credit card terminal systems in well-known businesses?

You can feel secure when using your credit cards on the terminal systems at well-known businesses. Although, you should always be aware anytime using a credit card , many cards have security measures that they take.


What sort of financial institution is Capitol One?

It is a credit card company that issue secure and non-credit cards and debit cards. It has a wider acceptance and more recognizable brand than most secured credit card corporations.


Where can I get instant credit cards for bad credit?

It may be possible to get a credit card with bad credit, but the terms will be unfavorable. You should work at rehabilitating your credit rating before applying for credit cards.