Best secured credit cards, according to an ASU finance expert
Secured cards are great for people with bad credit or limited credit because they offer high approval odds and report information to the major credit bureaus every month. Secured credit cards are also much cheaper than unsecured credit cards for bad credit, and some secured cards offer rewards on purchases.
In this story published Sept. 7, 2022, in WalletHub:
The security deposit is to compensate for the higher risk of default of the cardholder. Paying interest would reduce the compensation for the bank for the risk it has assumed and perhaps make the transaction unviable for the bank.
– Sreedhar Bharath, Richard C. Kraemer Professor of Finance
Latest news
- Forget loans and wealthy investors. Small cafes, breweries turn to crowdfunding
An ASU supply chain expert explains the pros and cons of crowdfunding and its potential impact…
- From Utah to China, where in the world could Arizona copper sitting under an Apache holy site go?
Arizona copper should be smelted closer to home, says a W. P.
- The missing students
A W. P.