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Airport Car Hire comparison Site Get a fast and simple quote right now. The card issuer usually a bank or credit union creates a revolving account and grants a line of credit to the cardholder.

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. Your credit limit request. For example if youre approved for a credit card with a minimum limit of 1000 and a maximum limit of 10000 the specific limit offered to you will be within this range. For example if you deposit 200 your credit limit is 200 and a high credit limit of 5000 requires a 5000 deposit.

Secured card credit limits depend on your deposit. A credit card is a payment card issued to users cardholders to enable the cardholder to pay a merchant for goods and services based on the cardholders accrued debt ie promise to the card issuer to pay them for the amounts plus the other agreed charges. The reason you need a secured deposit is for the provider to use your funds to cover your balance if you fail to pay your card bill.

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