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How to Use a Secured Credit Card With $200 Limit (What Is a Secured Credit Card?)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. It offers a simple, low-cost way to build credit, and Capital One offers a great mix of rewards cards should you want to upgrade in the future. Security Bank Fast Track Secured Credit Card � Offers a credit limit of 80% of your holdout amount. � The minimum holdout or deposit amount is ?.
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