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The deposit is typically equal to your credit limit. If you want a $ limit, you'll deposit $ The minimums and maximums vary by card, but most start. It works like any other credit card, only your card is secured by money you pledged in a special savings account. You'll get convenient access to funds at a low. A Secured Credit Card is designed to help build or repair your credit. It's a safe credit card option because it is secured with a deposit. A secured credit card is a credit card that is backed by a cash deposit, which serves as collateral should the cardholder default on payments. · The deposit.
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