Collateral and credit
The required security deposit or collateral, available line and relevant fees are presented separately.
A collateral-backed card product within a credit-building journey.
INSIDE STATIC SECURED CARD
Secured Card makes the deposit or collateral relationship understandable alongside the credit line. Any reporting or graduation feature is described as a real program term rather than a guaranteed score improvement.
The required security deposit or collateral, available line and relevant fees are presented separately.
Reporting and any review or graduation process are identified where the specific program offers them.
The customer can understand what happens to the deposit and how the account can be closed.
A secured card is one possible credit-building tool. It does not guarantee a particular change in a credit score.