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Is there a minimum/maximum amount of funds to be secured?

  • Updated

Your credit limit will be equal to your security funds. There are limits for the security fund for Neo's secured credit cards.

Minimum security funds: $50

Maximum security funds: $10,000

You can add more security funds to increase your credit limit (to a maximum of $10,000). Currently, it's not possible to reduce the amount of security funds. If you want to withdraw your security funds, you need to pay off the balance of your card and close your credit card account. 

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