Which of the following statements is most correct regarding a secured credit card?
A) It is a valuable form of credit insurance — you are protected against loss if the card is lost or stolen.
B) It is useful to someone who has bad credit or no credit established yet.
C) It provides a higher level of user security, using technology to prevent illegal use.
D) Compared to non-secured credit cards, it always carries a much lower rate of interest.
Answer: B
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