Skip to main content


Secured Credit Cards Full Report


Secured credit cards combine the flexibility of a credit card with a forced savings mechanism in the form of a security deposit. The security deposit enables issuers to offer a credit card to someone who otherwise has insufficient or poor credit history. Over time, secured credit accountholders may “graduate” to unsecured credit products and financial services from their card issuer. In addition, the use of the secured card is reported to the credit bureaus, helping the consumer to build a credit score that may qualify them for additional financial products at other providers.




Despite their many benefits, secured credit cards are underutilized by the population that would most benefit from the opportunity to build credit. Secured credit cards make up only a small fraction of the credit card market at nearly six million active lines.1

At the same time, there are an estimated 108 million consumers whose credit score, or lack thereof, prevents them from accessing affordable, high quality credit when they need it.2 The potential market for secured credit cards is huge.

For secured card issuers, profit margins tend to be quite low, and in some cases negative, for the first one to two years. Thus, secured credit products must be viewed as a long-term investment for issuers.

However, financial institutions willing to make this investment in the financial health of their customers are likely to build strong customer relationships that can lead to more profitable product offerings in the future.   


File Type: PDF
File Size: 710 KB
Total Pages: 55

Direct Link Mega:
Download Now
Direct Link AnonFiles:
Download Now
Direct Link Mediafire:
Download Now
Direct Link Solidfiles:
Download Now
Direct Link Sabercathost:
Download Now
Direct Link Tusfiles:
Download Now

Comments

Popular posts from this blog

Web Hacking 101

With a Foreword written by HackerOne Co-Founders Michiel Prins and Jobert Abma, Web Hacking 101 is about the ethical exploration of software for security issues but learning to hack isn't always easy. With few exceptions, existing books are overly technical, only dedicate a single chapter to website vulnerabilities or don't include any real world examples. This book is different. Using publicly disclosed vulnerabilities, Web Hacking 101 explains common web vulnerabilities and will show you how to start finding vulnerabilities and collecting bounties.

Hack-X-Crypt (By Ujjwal Sahay)

This is basically a straight forward guide towards ethical hacking and cyber security.Computer hacking is the practice of altering computer hardware and software to carry out a goal outside of the creator‘s original intention. People who slot in computer hacking actions and activities are often entitled as hackers. The majority of people assume that hackers are computer criminals. They fall short to identify the fact that criminals and hackers are two entirely unrelated things.

High Performance Cloud Auditing

This eBook mainly focuses on cloud security and high performance computing for cloud auditing. The eBook discusses emerging challenges and techniques developed for high performance semantic cloud auditing, and presents the state of the art in cloud auditing, computing and security techniques with focus on technical aspects and feasibility of auditing issues in federated cloud computing environments.