Why are credit card companies more willing to offer a young person a secure credit card than an unsecured card?

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asked Apr 2, 2022 25.2k views

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Megakoresh · Answer 1 · 2022-04-06T09:19:32+0000

Answer:

Some of the best credit cards for college students often include secured credit cards because approval rates are high on these cards. Secured credit cards for families with no credit or poor credit are great for building up good credit with minimal risk compared to unsecured cards

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Why are credit card companies more willing to offer a young person a secure credit card than an unsecured card?

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