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What is the secured credit card

Table of Contents. Choose a card issuer that reports your credit activity. Secured credit cards are often issued to subprime borrowers or those with poor or limited credit histories so-called thin-file borrowers.

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To start using your new card, you'll need to activate it. To do this, go to the secure activation page and enter your new digit credit card number. Ready to register for digital banking? Please have your debit card number handy. By continuing, you agree to our. Electronic Banking Services Agreement.

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We're here to help! BMO offers a wide range of personal and business banking services, including bank accounts, mortgages, credit cards, loans and more. BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as rese.

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Slide 3. You must meet other applicable underwriting criteria. Age also impacts credit card income requirements. Alternatively, your card issuer may offer to convert your secured credit card to a standard card if you regularly meet your payments. One primary difference is that a secured credit card often issued to those with little to no credit history or bad credit requires a refundable security deposit.