Why is there a security deposit associated with my NextCard Visa?
Consumers who do not have an established or proven credit history are frequently required to provide a full security deposit to obtain a credit card. The deposit protects your credit rating in the event that your are unable to pay back the balances due on your account. At NextCard, we will loan you the security deposit up front when your account is opened. You have the option to pay it down in comfortable payments or in full all at once.
