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Credit Card Applications » Credit Card Questions » Other Questions » What do you mean by insecure credit card type?

What do you mean by insecure credit card type?

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Date:
November 7, 2006, 1:54 am

	What do you mean by insecure credit card type?
Answer: Unsecured credit card implies no collateral, that means you shouldn't have a bank account to get a credit card. In contrast to it, secured credit card is given to people who have a bank account which defines the amount of credit limit, covering the risks of the bank.