answersLogoWhite

0

What is a secured mastercard?

Updated: 9/21/2023
User Avatar

Wiki User

12y ago

Best Answer

A "secured" credit card is one for which the holder has made a deposit, usually in the amount of the credit limit on the card. This insures that the issuing bank is not out any money if the holder defaults; they just keep the security deposit in that case.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a secured mastercard?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where might one find a secured Mastercard?

One might find a secured Mastercard at an official financial institution's website. You could also go into a local branch. When checking on this card you may also inquire about the fees that are associated with the card.


What are some of the companies that offer the best secured credit card?

Some of the companies that offer the best secured credit card, would be Visa and Mastercard. In terms of who offers the card, the most secured would be those issued from banks. Whether it is a Chase Visa or a Citibank Mastercard, the banks safeguard their consumers.


What MasterCards does Capital One offer?

Capital One has a wide selection of MasterCards available. Cash Rewards, Cash Rewards for Newcomers, Platinum, and Secured MasterCard are just a few of the MasterCard options available from Capital One.


What company provides the most reliable Canadian secured credit card?

Capital One Secured MasterCard is believed to provide the most reliable Canadian secured credit card. With its low annual fee and penalty fees and no setup fee, it is one of the best candidates.


What credit cards does the USAA offer?

USAA offers a variety of credit cards: - American Express Card - World MasterCard - Visa Card - Military Affiliate Cards - Rate Advantage Card - Active Military MasterCard - Secured Card


Can you get a credit card with no credit history?

Yes, there are some credit cards that offer credit even without a limit such as AccountNow, Prepaid MasterCard, Wired PlasticTM, Prepaid VisaCard, Centennial Secured CreditCard, The MangoTM MasterCard Prepaid Card and more.


What are some credit cards for a bad credit?

Some examples for credit cards usable with a bad credit history include "Capital One Secured MasterCard", "First Premier Bank MasterCard CreditCard" or "First Premier Bank Gold Credit Card".


What are some credit cards for bad credit?

Some examples for credit cards usable with a bad credit history include "Capital One Secured MasterCard", "First Premier Bank MasterCard CreditCard" or "First Premier Bank Gold Credit Card".


How can I apply for a secured business credit card?

You can apply for a secured business credit card at most of the major credit card companies like: AmericanExpress, Visa, Mastercard. You can apply for a business card by phone, or by applying online through forms on their websites.


How can I get some instant online credit?

The Capital One Secured Mastercard is a great choice for people with bad or no credit history. You can get instant credit with no processing or application fees.


Are there any credit cards available for people with bad credit?

There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.


What is MasterCard's population?

The population of MasterCard is 5,600.