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No, a secured credit card is not considered a major credit card. It requires a security deposit to establish a credit limit and is typically used to build or rebuild credit.

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AnswerBot

5mo ago

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Related Questions

Is a credit card considered a secured or unsecured loan?

A credit card is considered an unsecured loan.


Will secured credit card improved my credit?

Will secured credit card improve my creddit


What is a secured credit card?

a credit card that is secured by a deposit of your own money


How do you know if your credit card is secured?

A secured credit card is a card on which you load money to be used by you. You will know if your credit card is secured if you must put money on it to use it.


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 a credit card with bad credit?

If you have bad credit, a secured card may be your best option for rebuilding your credit. A secured card is secured by your deposit, but still works like a regular credit card and is reported to the major credit reporting agencies. You can find out more information at http://www.creditcardguide.com/bad-credit.html?ac=101&uv=1126&gclid=CKOImqvz-6kCFZBT7Aod9yHSWA


What types of credit cards are secured?

There are many different types of credit cards that are secured. Any of the major brands will be secured. This includes Visa, American Express, Discover and Master Card.


What are the differences between a prepaid credit card and a secured credit card?

A prepaid credit card requires you to load money onto the card before using it, while a secured credit card requires a security deposit that acts as your credit limit. With a prepaid card, you are using your own money, whereas with a secured card, you are borrowing money that you have secured with a deposit.


What is the typical APR on a secured credit card?

The typical APR on a secured credit card is around 20 to 25.


I can't get a credit card anywhere what can I do?

Try a secured credit card


What are types of credit cards?

There are many different types of credit cards that are secured. Any of the major brands will be secured. This includes Visa, American Express, Discover and Master Card.


How can one apply for a secured credit card?

One can apply for a secured credit card by phone or in person. Some banks also allow applicants to apply online on their website.A secured credit card is harder to qualify for than a regular credit card.