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Short answer, yes.
To break down the question better, a secured credit card is only issued when you deposit a minimum of $10K with the card-issuing bank. Why $10K? Because MAS says so, really!
Other than UOB and HSBC, the following banks also issue secured credit cards
1) POSB: https://www.posb.com.sg/personal/support/card-a...
2) CIMB: https://www.cimbbank.com.sg/content/dam/cimbsin... (This is a link to the application form though.)
Also, another article you can refer to:
https://theshutterwhale.com/blog/2017/1/7/how-t...
Hope all these helps!
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Secured credit card is a credit card thatās issued by banks against your investments such as fixed d...
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