We are looking for a bank that has a secured credit card product in place that can be private labeled or co-branded.
We would like to offer to our 25,000 clients the ability to convert their current finance accounts into a secured credit card (we will be providing the deposit through a balance transfer).
The one bank that we have found so far wants to keep 100% of the interest earned in exchange for processing / servicing. Obviously that’s way out of line, it would have been easier for them to tell us that they were not interested.
If you know of a source or can point us in the right direction it would be greatly appreciated.
Tom Mack Loan@gate.net