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There is no additional risk if the customer offers a higher security deposit to raise their "credit" limit on a secured card. They get the interest on the depo
by KennyBlanken 3y ago
There is no additional risk if the customer offers a higher security deposit to raise their "credit" limit on a secured card.
They get the interest on the deposit and lower costs (fewer transfers per month paying off the balance of the card.) They didn't care.