Secured Credit Card in the Philippines

What is Secured Credit Card? 

   A secured credit card requires cash collateral deposit that becomes the credit line. Here are some of the Banks in the Philippines that offers Secured Credit Card with their cash minimum cash deposit and requirements:

RCBC Instacard ( secured Credit Card)

What is a secured credit card?

A secured card requires a cash collateral deposit that becomes the credit line for that account. For example, if you put P10,000.00 in the account, you can charge up to P10,000.00 depending on the bank. You may be able to add to the deposit to extend your credit, or sometimes a bank will reward you for good payment and add to your credit line without requesting additional deposits.