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Added October 29, 2010 from: Beverly Blair Harzog
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Answered By Beverly Blair Harzog:
With a secured credit card, the cardholder receives a credit limit that equals the amount of a deposit placed in a savings account less any fees charged by the card issuer. Most secured credit cards don't pay interest on your deposited amount. Be sure to read the terms and conditions of all secured card offer's carefully so you understand how they work.

This question is about:  Secured Credit Cards
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