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What is a Secured Credit Card

It’s possible to get an express credit card if you have a deposit account that can be locked in, and this is called a “secured” credit card. Deposit requirements are typically between 110% to 200% of the total credit limit requested. This means that...

How Do Prepaid Credit Cards Work?

Though they go by the name “prepaid credit card,” the issuer of such a card does not extend credit to its cards; rather, the cardholder uses the card to access funds that they have already deposited. But it’s branded like a credit card and works like...

Credit Cards in Business Transactions

Credit cards issued under the name of a legally organized and recognized business are known as “business credit cards,” and their primary function is to facilitate business transactions. The number of times they’ve been used has grown during the past...

What to Do if I Lose My Credit Card

You should contact your credit card company immediately if your card is lost or stolen. After that, your card will be disabled and a new one will be requested. If you have merely misplaced your card, you may be able to “freeze” it with some card issuers in...