Quote Originally Posted by boybi View Post
What's a secured credit card?
Its a type of card where your bank deposit serves as collateral. If in case you default on your payment, the bank will collect the payment from your deposit.

The credit limit is based on the deposit that serves as the colateral. If your deposit is 100k, your credit limit has a max of 100k as well.

During the whole lifecycle of the credit card, you will not be able to withdraw the colateral from your bank account