Title: Understanding the Difference Between Secured Cards and Prepaid Cards
Secured Card vs Prepaid Card
Please help me loves!!!!!!
Identify which of these is a "secured" card and which of these is a "prepaid" card.
1. Secured Card
You are required to keep a certain amount of money in your savings account to get this card.
Secured Card.
Prepaid Card.
2. Prepaid Card
You are required to send the credit card company payments in advance to get this credit card.
Secured Card.
Prepaid Card.
1. Would be a secured card and number 2 would be a prepaid card.
Question: Can you explain the difference between a secured card and a prepaid card? Answer: A secured card requires you to keep a certain amount of money in your savings account to get the card, while a prepaid card requires you to send payments to the credit card company in advance to use the card. In short, a secured card is secured by your savings account balance, while a prepaid card is loaded with funds upfront before you can use it.