I first learned about credit just after high school. First credit card I ever opened was a secured credit card for a $100.
A secured card was the only thing I could get approved for at the time, since I didn’t have established credit.
By using a secured credit card, I was able to safely build my credit history just like a regular (unsecured) credit card.
The only difference was that my limit was set by how ever much I deposited to an account at the bank. I decided to start at the minimum of $100. This gave the bank assurance in the event of a default.
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