What is an unsecured credit card?
Unsecured credit cards don’t require a security deposit for approval and cover a wide range of card types.
Raychelle Heath is a freelance writer who began working with Bankrate in 2019. She has covered such topics as the best credit cards to use abroad and how to maximize credit card rewards. She’s originally from South Carolina, but has recently adopted the life of a digital nomad. When she isn’t writing, she can be found teaching yoga and meditation or participating in arts outreach initiatives.
Unsecured credit cards don’t require a security deposit for approval and cover a wide range of card types.
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Having multiple credit cards can have lots of benefits, including boosting your credit score, as long as you time your applications well and maintain your credit cards responsibly.
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The risk of buying stocks with a credit card often outweighs the reward, but there are other ways to invest using your card.
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