Not exact matches
Secured cards are reported as revolving credit (just as any other credit
card) and are easy to
get because the bank doesn't take the risk - you do.
If you don't qualify for a traditional credit
card because you have no credit history,
secured credit
cards are a great way to
get your toes wet and learn how credit works.
This is very different from the regular credit
cards that you're probably used to, mainly
because there's no worry of
getting into debt with
secured credit
cards.
The reason you will
get the
secured credit
card on the first attempt is
because you need to put up a deposit with the bank that is equal to your credit limit.
I am trying to rebuild my credit so I can be a first time home owners I was told I needed to
get a
secured credit
card but I had so many doubts
because I have not haad a credit
card since I was 20 years old now ia m 30 and my credit was ruined very yung Iam now ffixing to pay my debts and trying to see wish
secure credit I need to
get!
Because the money is already there, it is easier to
get approval for a
secured card — especially when you have poor credit.
Bad credit
cards are usually easier to
get because banks or credit
card issuers are
secured by the capital that you will be charging against.
Because that reduces the risk to the issuer, a
secured card generally is easier to
get, and as long as the activity is reported to the credit bureaus, it can help you rebuild your credit score.
Four years into the foreclosure, I opened a
secured credit
card because I couldn't
get anything else and I thought it might help with my credit score.
Because those 3 - digits are the gateway to you
securing a low - interest rate on all sorts of consumer products, including financing a car, buying a house,
getting credit
cards,
securing personal loans, and more.
By
getting a
Secured Credit
Card, we have seen increases in credit scores by 35 points or more
because you're looking to rebuild your credit responsibly.
The Public Savings Bank
Secured Visa is a easy
card to
get approved for
because the do not require a credit check or even a checking account to apply.
Our
secured credit
cards are easy to
get in fact you CAN NOT be declined for bad credit
because there is NO CREDIT CHECK!
If you mainly want it just
because it's easier to
get, we advise that you go with a
secured credit
card instead.
When a person
gets their first credit
card, often they start with a
secured credit
card because it's easier to
get approved for, since you are putting up collateral.
That's
because the basic approach to credit repair is to make sure nothing in your credit file is incorrect, out of date or misleading and then to
get a credit
card,
secured, if necessary, and use it to
get positive information into your credit file.
Overall, what I love the most about my
card is the benefits that I
get, such as cash back for good grades and purchases, and
because I feel
secure about my identity and information with Discover.
If you have a prepaid
card because you can't
get a standard credit
card, you may want to consider
getting a
secured credit
card.
You
get to choose your credit limit
because it is a
secured credit
card.
But if you have poor or no credit,
get a
secured credit
card because it requires you to deposit money into it to have funds.
A
secured credit
card is a great way to build your own credit (since it allows you to
get a credit
card when you may not qualify otherwise), but
because you can set relatively low credit limits they can be good for kids, too.