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What financial product am I? I am a type of credit card that requires cardholders to make a security deposit equal to the credit limit on their account. Due to this deposit requirement, I am often a good choice for young people looking to establish a credit history.

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akposevictor

The financial product described herein is: secured credit card.

What is a Secured Credit Card?

  • A secured credit card can be described as a financial product that is backed by a cash deposit which acts as a collateral on the account of an individual.
  • The amount an individual deposits in the account is what becomes the credit limit for the individual's credit card.
  • Secured Credit Card can be issued to people with poor credit histories.
  • Example of a secured credit card is shown in the image attached below.

Therefore, the financial product described herein is: secured credit card.

Learn more about secured credit card on:

https://brainly.com/question/1211099

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