Saturday, February 04, 2012

Secured Credit Cards

Secured Credit CardsSecured credit cards are an excellent way to establish a positive credit history and are designed especially for people with no credit history, or who have current and past credit problems. Secured cards look and work like any other credit card. The only difference is that you open an FDIC insured security deposit for the credit card. Your payment history is reported to the three major consumer reporting agencies so you can begin to establish your credit. Some of the credit cards listed on this page require no credit check, and may offer guaranteed approval. Compare the secured card offers below and apply online today!

5 Secured Credit Cards Available. Displaying Offers 1 - 5:

  • 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 $3000
  • You may qualify for credit line increases with no further security deposit required
  • Use it like any MasterCard credit card, accepted at millions of locations worldwide
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
N/A N/A 22.9% (V)* $29.00* Yes* Bad Credit*

  • An excellent credit card for help rebuilding credit scores; 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
  • Email and text messages are available to remind you of your upcoming payment due date
  • Knowledgeable customer service representatives to assist you with questions or concerns
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
N/A N/A 14.99%-19.99%* $0 - $59 the first year, $35 - $59 per year thereafter* Yes* Bad Credit*

  • 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
  • 24/7 access to your account online
  • Deposit held at FDIC-insured bank
  • You must be a resident of a US state; however, at present the program is not available in Alaska, Arkansas, Iowa, Maine, New York, Wisconsin, or West Virginia.
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
N/A N/A 14.99%* $39.00* N/A* Bad Credit*

  • 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
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
N/A N/A 9.99% Fixed $50.00* N/A* Bad Credit*

  • 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 $500 up to a maximum of $5,000
  • Zero - 0% Fixed APR on Purchases - No Intro Rates
  • Zero - 0% Rate Won't Change - Even If You're Late
  • Zero Application Fees
  • Zero Worries - Free Personal ID Theft Protection
Intro Purchase APR Intro Balance Transfer APR Regular APR Annual Fee Bal. Trans. Credit Needed
N/A N/A 0.00% (Fixed)* $119.40* N/A* Bad Credit*

 

About Secured Cards

Unlike unsecured cards, secured credit cards require that you deposit money into a bank account to secure a credit line. Statements are sent to you each month for charges that you've made to the card. Your payment history is reported to the major consumer reporting agencies so you can begin to establish your credit. Once you get upgraded to an unsecured card or otherwise cancel the account, the amount you deposited up front gets refunded back to you, less any money you might owe on the unpaid balance.

Secured credit cards are a terrific option for establishing or rebuilding your credit history. Secured credit cards are generally accepted wherever major credit cards are accepted. Making your payments on time will help to build a positive credit reference.

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FAQs
Tips & Advice
Glossary
  • APR - Acronym for Annual Percentage Rate. The yearly percentage rate of the finance charge.
  • Intro APR - A low interest rate offered for a limited time, usually for the first 6 to 12 months.
  • Regular APR - A fixed yearly percentage rate of the finance charge.
  • Balance Transfer - The act of transferring the whole or partial balance of one card to another card.
  • Annual Fee - A fee charged by the card issuer for being a card holder.
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