Dr. Pinto Underscores Role of Secured Credit Cards in Financial Stability

In a recent WalletHub article on secured credit cards, Dr. Joann Pinto, Professfor in the Department of Accounting & Finance explained who can benefit most from products like the Citi Secured Mastercard. She noted that secured credit cards, which require a refundable security deposit, are well-suited for young adults and individuals with limited or poor credit history who want to establish or rebuild their credit profiles. Because the deposit minimizes the lender’s risk, these cards also foster customer loyalty while giving cardholders an accessible path to strengthen their financial standing.