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If your credit has seen better days, a secured credit card could be the financial tool you’ve been looking for. It’s exactly the same as a traditional credit card, with one main difference: you’re required to make a cash deposit in order to receive an approval. This deposit also acts as your collateral and credit limit, which gives both you and the issuer peace of mind. With so many secured credit card offers to choose from, you won’t run into trouble finding one that suits your needs in regards to eligibility requirements, interest rate, and other key details.
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