Sentences with phrase «get a secured card means»
To get a secured card means that you have to pay a deposit to a bank for it to open a line of credit for you — a $ 500 deposit gets you a $ 500 credit limit.
https://www.veteransunited.com/ Not exact matches
As the name suggests, a secured credit card means that the extension of credit to you is «secured» by the deposit you put down — like a mortgage is secured by the house for which you are getting a loan.
Getting a credit card with sub par credit isn't easy, which means a secured card may be the way to go.
Don't expect to get anything beyond 1 - 2 % cash back — secured cards are meant to be entry level, after all.
Some of the best secured cards will let you choose your deposit, which means you can get a much higher limit.
In fact, if you use a secured card, you will be tying up money in an account to help ensure you can pay your bill — this means that you get no real monetary benefit from having your card.
«If you piggyback, you should be able to get an unsecured credit card as opposed to a secured card, meaning no deposit and probably better rates and terms.»