Secured Credit Cards Offers
Secured credit cards are great cards for people with bad credit. By supplying the deposit to secure your card you gain the benefits and convenience of using a credit card without the fear of going deeper in debt. Most secured credit cards are accepted by vendors around the world with some cards offering rewards and account features that make managing your credit card convenient and easy. As with all credit cards it is important to carefully review the terms and conditions before applying to ensure you select the right card for your lifestyle.
- Get the credit you need with no processing fees or application fees.
- Automatic reporting to the 3 major credit bureaus.
- Track credit with access to your credit score and other tools.
- Your refundable security deposit can get you a line up to $3,000.
- You may qualify for credit line increases with no further security deposit required.
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- An excellent credit card for help rebuilding credit reports to 3 major credit bureaus monthly!
- Acceptance at millions of locations worldwide, including website purchases and reservations.
- Your account information is updated and at your fingertips 24/7 so you can manage it your way.
- Choose Your Credit Limit - Simply open an FDIC Insured Deposit Account in your name at Applied Bank.
- Your deposit will secure your new Visa Credit Card with a credit limit equal to the amount of your deposit - from $200 up to a maximum of $5,000.
- Guaranteed Approval Regardless of Your Past Credit History.
- 9.99% Low Fixed APR - Your Rate Won't Change Even if You Are Late.
- Highest Ratings for Financial Strength and Security in the Country.
- Full-feature Platinum MasterCard secured credit card.
- No credit history or minimum credit score required for approval.
- Monthly reporting to all 3 major credit bureaus to establish more credit history.
- Quick & complete online application.
- Secured by your deposit of $300 - $2,000.
- Free 24/7 access to your account online.
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Understanding Secured Credit Cards
Credit cards are accepted as payment by millions of merchants worldwide. For this reason most people prefer to carry at least one credit card for convenience or the occasion where credit cards are required to secure a purchase. If you are traveling and want to reserve a hotel room, book a flight or rent a car, you will be required to use a credit card to hold your reservation and cover costs even if you intend on paying cash for your purchase.
This could present a problem for individuals who have bad credit or no credit. Regular or "unsecured" credit cards generally require some credit history that indicates you are worthy of credit. If the lender feels that your lack of history or poor history is a credit risk your application may be denied.
Secured credit cards require a cash deposit or other collateral from the card holder. This deposit is used in the event you default on your payments lessening the risk to the lender. Like regular credit cards there are costs associated with secure credit cards. The common costs include but are not limited to application fees, processing fees and annual fees. When applying for a secure credit card be sure to read the fee structure to avoid cards that have high fees that use up most of your security deposit. Otherwise you may find yourself depositing $500 only to discover you have only $100 available credit after all the fees have been applied to your account.
When shopping for credit cards you should always compare offers to ensure you find the right card for your needs. Many secure credit cards require no credit check, employment or bank account verification. Not all credit cards report to the three main credit bureaus. If you are interested in building or re-establishing your credit you should select a card that reports activity to the major credit bureaus. These offers may be able to help rebuild your credit history if you make on-time minimum payments and maintain your balances under the credit limits with all your creditors.
* See the online credit card application
for details about terms and conditions. Reasonable efforts are made to
maintain accurate information. However, all credit card information is
presented without warranty. When you click on the "Apply"
button, you can review the credit card terms & conditions on the
credit card issuer's website.
