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Is the Master Savings Stored Value Card a secured credit card?

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Is the Master Savings Stored Value Card a secured credit card?

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No! You control the available balance on the card by depositing funds onto the card, whereas with a secured card, if you pay a $500 security deposit, you will receive a $250 credit line. The Master Savings SVC balance is equal to 100% of your deposit, and balances of thousands of dollars are allowed.

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