InvestorQ : I have a fixed deposit in a bank, but I want a secured credit card from another bank. Is it possible to get such a secured credit card?
tanvi Patel made post

I have a fixed deposit in a bank, but I want a secured credit card from another bank. Is it possible to get such a secured credit card?

Answer
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Gauravi Patel answered.
2 years ago


No.

Secured credit cards are provided by banks where you have a fixed deposit. This is because in the lack of another credit line, the bank only has your fixed deposit to deduct your credit card bills from in case you default on your payments.


user profile image
Gauravi Patel answered.
2 years ago


No.

Secured credit cards are provided by banks where you have a fixed deposit. This is because in the lack of another credit line, the bank only has your fixed deposit to deduct your credit card bills from in case you default on your payments.


user profile image
Gauravi Patel answered.
2 years ago


No.

Secured credit cards are provided by banks where you have a fixed deposit. This is because in the lack of another credit line, the bank only has your fixed deposit to deduct your credit card bills from in case you default on your payments.