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Secured Vs Unsecured Credit Cards

Secured credit cards are meant for those who are looking for building their credit history or looking to rebuild their credit history. Due to periodic reporting to the credit bureau, secured cards can help in reestablishing a creditor’s confidence in a borrower. You can get secured credit cards with no fees. Unlike your secured cards, unsecured cards do not require a security deposit amount to be put down on the card upfront. Unsecured cards are famous because of the flexibility and freedom they offer. Getting an unsecured card is an indication that you have a good credit history and a very good credit rating. Credit-cards-info.com Reports:

The difference between secured and unsecured credit cards is really the security deposit required by one and not the other – especially now with the competitive rates and privileges that are offered by both types of card.