Secured Credit Card

A secured credit card is a type of credit card for which the line of credit is secured by a deposit held as collateral by the card issuer.

This type of payment card is identical to a regular credit card in its functionality. The only difference is that all card debt is secured by the deposited collateral. If a cardholder fails to make their payments on time, the card issuer uses the deposit to settle the debt.

More on this topic:
Swiss credit card comparison

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 80 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.