Question

Which type of credit card carries the most risk? Secured with fixed interest rate Secured with variable interest rate Unsecured with fixed interest rate Unsecured with variable interest rate

Answer 1

Unsecured with variable interest rate

I took the test

Answer 2

unsecured with variables..due to the rates fluctuates therefore leading to the possibility of being more riskier than one that is fixed. secured cards are no risk for the banks since you secure the card use with direct funds. So if you deposited 500 dollars - that is what you can charge up to