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About the card

What's the difference between a Secured Credit Card and a regular Credit Card?

A regular credit card allows you to spend money up to a pre-set limit. You'll get a bill for what you've spent each month. Meanwhile, a secured credit card is a type of credit card that requires a cash deposit (from your parents, a job, your birthday, etc) into an associated checking account. A secured credit card will only allow you to spend the cash deposit by maintaining a dynamic limit. This prevents users from borrowing money or going into debt.

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Modak is a financial technology company and not a bank.

Banking services are provided by Solid Financial Technologies, Inc.’s partner banks who are Member FDIC.

Card Services are issued by Solid Financial Technologies, Inc.’s partner banks pursuant to a license from Visa® and may be used everywhere Visa® cards are accepted.

Cashback is offered through the Solid Fintech Program Rewards powered by Dosh on qualifying purchases at participating merchants and on any other eligible transactions described in our User Agreement. For the current list of participating merchants and offers, please check the Modak Makers app. Participating merchants and offer terms may be changed from time to time without notice.