Subprime credit card application rejection rates are more than 2.3 times those of super-prime borrowers

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A PYMNTS Intelligence report says subprime credit card applicants are rejected at more than 2.3 times the rate of super-prime borrowers, and examines how dynamically funded secured credit cards can reduce consumers’ tied-up funds. Under the traditional model, applicants must lock up funds equal to their credit limit; the dynamic model secures only the amount spent, leaving unused funds available.