Question

What is a reason why someone would use a secured credit card?

To purchase goods in another country
To help overcome a bad credit history
To have every purchase guaranteed with a five year warranty
All of the above

Answer 1

It is B 99.99% sure

hope its right :)

Answer 2

To help overcome a bad credit history.

Explanation:

The reason someone uses a secured credit card is to - To help overcome a bad credit history.

A secured card is a credit card that is mainly used for people with bad credit. Here the person has to deposit money in exchange for a credit limit, like $200 or more. This amount is refundable.

We can also say it is a type of cash collateral deposit. This will help a person overcome a bad credit history as he will pay here timely and slowly improve his ratings.