NO CREDIT HISTORY? NO PROBLEM WITH SECURED CREDIT CARDS!
As their names imply, secured credit cards come with security deposit requirements. They serve two important purposes – to guarantee the repayment of your future credit card charges and to determine the spending limit or cap that will be imposed on your account. By sticking to your monthly bills, you can improve you chances of eventually qualifying for an unsecured credit card account.
HOW TO SELECT THE RIGHT SECURED CREDIT CARD FOR YOU?
See to it that your chosen card issuer submits timely reports of cardholder activities to the three major credit bureaus. That’s because not all firms do this. Good thing that the banks and credit card firms listed below work closely with Equifax, Experian and TransUnion to help consumers jumpstart and rebuild their credit history. You should also look for a program that offers periodic credit increases, for you to enjoy higher spending limits, later on.
OUR SECURED CREDIT CARD SPONSORED OFFERS:
- Better than Prepaid…Go with a Secured Card! Load One Time – Keep On Using
- Absolutely No Credit Check or Minimum Credit Score Required
- Automatic Reporting to All Three National Credit Bureaus
- 9.99% Low Fixed APR – Your Rate Won’t Go Up Even if You Are Late
- Activate Today with a $200 Minimum Deposit – Maximum $1,000.
- Increase Your Credit Limit up to $5,000 by Adding Additional Deposits Anytime
| INTRO RATE | CREDIT LINE | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|---|
|
N/A |
See website for Details* |
9.99% Fixed |
$48 |
Poor/ Limited/
Damaged |
- 1% Cash Back Rewards on payments
- Choose your own credit line – $200 to $2000 – based on your security deposit
- Build your credit score.¹ Reports to all 3 credit bureaus
- No minimum credit score required for approval!
- ¹ Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
| INTRO RATE | CREDIT LINE | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|---|
|
N/A |
$2,000 |
19.24% (V) |
$39 |
Poor/Limited/No Credit |
- 1% Cash Back Rewards on payments
- Choose your own credit line – $200 to $2000 – based on your security deposit
- Build your credit score.¹ Reports to all 3 credit bureaus
- No minimum credit score required for approval!
- ¹ Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
| INTRO RATE | CREDIT LINE | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|---|
|
N/A |
$2,000 |
15.24% (V) |
$49 |
Poor/Limited/
No Credit |
- A better way to get a Card Offer!
- Credit Cards
- Secured Cards
- Prepaid Cards
- Search, Compare, Apply!
| INTRO RATE | CREDIT LINE | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|---|
|
N/A |
N/A |
N/A |
N/A |
N/A |
Advertiser Disclosure: See the online credit card applications for details about terms and conditions of credit card offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now ” button you can review the credit card terms and conditions on the credit card issuer’s web site.
PRACTICAL SUGGESTIONS FOR JUMPSTARTING OR REBUILDING YOUR CREDIT HISTORY WITH A SECURED CREDIT CARD
- Look for firms that submit monthly reports of consumer credit and payment activities to the three major credit bureaus.
- Remember that the security deposit will determine the limit that will be imposed on your card program. So if you want to avail a higher spenfing limit, you should deposit a big amount to your choosen bank.
- Use at most 30% of your spending limit. That way, you can keep your debt-to-limit ratio low, which will in turn help you maintain an excellent credit history.
- Keep up with your secured credit card bills, by submitting complete and prudent payments to your card issuer. Always remember that responsible credit habits can help you maintain an excellent credit standing and avoid making huge payments on interest.
- Make it a habit to check your credit report, at least every six months. That way, you can be sure that your files will only contain accurate records of your credit and payment activities.
- Apply for a secured credit card program that offers automatic upgrade to an unsecured account after 12 months of consistent payments. That way, you can enjoy a much higher credit limit, in the coming months.
- Just remember that the best way to jumpstart rebuild your credit history is to simply settle your secured credit card charges in full and on-time, each month. And see to it that you won’t go overboard with your credit card charges or else you will fail in your quest to establish or regain an excellent credit reputation.
