So, are you saying, djfrvr, that you can even apply online for such a credit card and you can give to the bank fake info on yourself and/or your assets together with a valid address where you'll receive your card? Doesn't that create the opportunity for fraudsters to charge items to that card beyond the limit, given the fact that the merchant won't know whether it's a real credit card or a secured/prepaid one? And what about under age kids who might lie about their age and use these cards on the Internet to buy stuff they're not supposed to have in their possession? Unless I am misunderstanding something in your post, I think banks should not be so lenient in issuing such cards in the manner you've described.