Overview of the Peoples Trust Secured MasterCard
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Detailed card summary
Benefits & features
- Low annual interest rate of 12.99% on purchases
- Minimum deposit required is $500 and the maximum deposit allowed is $25,000
- Credit card limit will equal to 100% of the security deposit
- The cardholder’s security deposit will be placed in a GIC Account with Peoples Trust Company and earn 0.50% interest annually
- The security deposit will be returned when the account is closed
- Peoples Trust reports the customer’s payment history monthly to both Equifax and Trans Union