What is a secured credit card?

A credit card is issued with a limit secured by collateral such as a certificate or deposit.

Key points

• Compare the collateral value, fees, and limit.

• It is a credit facility despite the presence of collateral.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Financial Inclusion Rates

• Banque Misr — Account Terms and Conditions (PDF)

• Banque Misr — Savings Accounts