FT MarketWatch

Secured credit card

A Credit card linked to a Savings account. The funds contained in the Account may be claimed by the company issuing the card in the event that the holder fails to make the necessary payments. This arrangement allows the Issuer to take on riskier Credit card applicants.

Related Terms: 13 Account, Credit card, Car, Claim, Credit, Fund, Issuer, Low, Lows, Risk, Range, Savings account, Sue
Other Related Pages: Category: Lending_and_Credit Starting With: S
Additional Related Terms: 10-K, 52-week low, 12b-1 funds, Account, Account statement, Account aggregation, Account balance, Active account, Alternate account, Asset management account