InvestorQ : What’s the advantage of taking a secured credit card?
Diya Chitale made post

What’s the advantage of taking a secured credit card?

Answer
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2 years ago


A secured credit card provides the following advantages:
- You get to use a credit card even if you have a poor credit score
- You can build your credit history
- You can improve your credit score by maintain good repayment discipline
- You can avail of twin benefits- of having a credit card and earning interest on your fixed deposit while using it as a collateral for your credit card.