Also, if you can not get approved for an unsecured credit card,
get a secured credit card so you can establish a credit history of timely payments with a credit card.
Not exact matches
So, to
get a
secured credit card you have to put down a certain amount of money — typically a couple of hundred dollars — that you can then draw against when using your
card.
The idea is that you can use a
secured card to
get your
credit on the right track,
so that one day you'll be able to advance to the next level — an unsecured
card.
No deposit: Some
secured credit cards are not requiring a deposit,
so you can
get a
secured credit card without putting any money down, which is very unusual, but a good perk for those with bad
credit.
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!
If your
credit is
so bad that you keep
getting denied for a
credit card or loan, try signing up for a
secured credit card.
You may not be able to
get approved for a regular
credit card and
so, a
secured credit card may be your only option.
If you go out and
get a
secured credit card, I don't
get some kind of kick back or anything like that,
so I'm not sure how I'm making money.
So even if the AU way is probably better and easier, the
secure credit card option is also a solid way for
getting started on building
credit
Go into your pursuit of finding the right loan with the mindset of
getting a microloan, asking a family member and
getting a
secured credit card,
so you might fare better than counting on just one of them to come through.
So, is that a good idea to either
get a
secured credit card or an unsecured
credit card?
If you
get a $ 2,000 tax refund — even if you use part of it to pay down other debts or to establish emergency savings — you could still put $ 1,000 or
so toward the refundable security deposit for a
secured credit card.
So, if you
get a
secured credit card with a $ 500
credit limit — you must give the bank $ 500 to guarantee that your
credit card bill will
get paid.
Use your
secured credit card whenever you need to purchase gas and groceries
so that you can
get paid cash back for each purchase.
But
getting this
card will not improve your
credit like
getting a
secured credit card or retail
credit card would,
so it's not exactly a solution to helping to fix your
credit.
I would look into
getting a
secured credit card for a while and then think about reapplying after about 6 months or
so.
So, my question is, to build a good
credit history and start earning rewards (air miles, etc.), should I
get a
secured card from one these particular banks and build some history with them and then apply for good
cards?
Go into your pursuit of finding the right loan with the mindset of
getting a microloan, asking a family member and
getting a
secured credit card,
so you might fare better than counting on just one of them to come through.