Secured Credit Credit Cards - ApplyNowCredit.com

Secured Credit Cards

If your credit has seen better days, a secured credit card could be the financial tool you’ve been looking for. It’s exactly the same as a traditional credit card, with one main difference: you’re required to make a cash deposit in order to receive an approval. This deposit also acts as your collateral and credit limit, which gives both you and the issuer peace of mind. With so many secured credit card offers to choose from, you won’t run into trouble finding one that suits your needs in regards to eligibility requirements, interest rate, and other key details.

Secured Credit

Applied Bank® Secured Visa® Gold Preferred® Credit Card

Absolutely No Credit Check or Minimum Credit Score Required

Rating

Credit Brand Visa
Credit Needed

Limited

Annual Fee

$48.00

Regular APR

9.99%

Rewards

N/A

Full Details

Card Page

Updated for

Wed 02 Dec 2020

Secured Credit

PCB Secured Visa® Credit Card

Start Building Your Future Today!

Rating

Credit Brand Visa
Credit Needed

Limited

Annual Fee

See Issuer Website

Regular APR

See Issuer Website

Rewards

n/a

Full Details

Card Page

Updated for

Wed 02 Dec 2020

Quick Tip: Applying for Credit Card

Applying for a credit card is generally a decision based on your personal finances. For instance, a credit card is one of the best tools for building your credit history after graduating from college. That’s a good reason to apply. Conversely, if you’re searching for a credit card to make a purchase, you'll need to consider other factors like if intend to carry a balance.

Secured Credit

Assent Platinum 0% Intro Rate Mastercard® Secured Credit Card

Enjoy 0% APR on Purchases for Six Months!

Rating

Credit Brand Mastercard
Credit Needed

Limited

Annual Fee

$49.00

Regular APR

12.99% (Variable)

Rewards

n/a

Full Details

Card Page

Updated for

Wed 02 Dec 2020

Secured Credit

OpenSky® Secured Visa® Credit Card

No credit check necessary to apply

Rating

Credit Brand Visa
Credit Needed

No Credit

Annual Fee

$35.00

Regular APR

17.39% (variable)

Rewards

n/a

Full Details

Card Page

Updated for

Wed 02 Dec 2020

Quick Tip: Check Your Credit Score

When was the last time you checked your credit score? Can you remember, or was it so long ago that it has slipped your mind? While there’s no good reason to check your credit score every day of the week, you should get into the habit of doing so regularly. Check out is this great article on the topic.

Secured Credit

First Progress Platinum Prestige MasterCard® Secured Credit Card

No Credit History or Minimum Credit Score Required for Approval

Rating

Credit Brand Mastercard
Credit Needed

No Credit

Annual Fee

$49.00

Regular APR

9.99%

Rewards

n/a

Full Details

Card Page

Updated for

Wed 02 Dec 2020

Secured Credit

Merrick Bank Secured Visa® from Merrick Bank

Initial deposits can be from $200 to $3,000

Rating

Credit Brand Visa
Credit Needed

See website for Details*

Annual Fee

$36 for first year. Billed $3 per month thereafter

Regular APR

17.45% Variable

Rewards

n/a

Full Details

Card Page

Updated for

Wed 02 Dec 2020

Quick Tip: Secured vs. Unsecured Credit Cards

With a secured credit card, you’re required to make a cash deposit in order to use the card. This deposit acts as your collateral and credit limit. A secured credit card is typically for consumers with no credit or bad credit. An unsecured credit card is the more traditional of the two, as it doesn’t require a deposit to get started. Instead, your credit limit is based on your credit score, credit history, and income.

Secured Credit

First Progress Platinum Select MasterCard® Secured Credit Card

No Credit History or Minimum Credit Score Required for Approval

Rating

Credit Brand Mastercard
Credit Needed

No Credit

Annual Fee

$39.00

Regular APR

13.99%

Rewards

n/a

Full Details

Card Page

Updated for

Wed 02 Dec 2020

Secured Credit

First Progress Platinum Elite MasterCard® Secured

No Credit History or Minimum Credit Score Required for Approval

Rating

Credit Brand Mastercard
Credit Needed

Limited

Annual Fee

29.00

Regular APR

19.99% (V)

Rewards

n/a

Full Details

Card Page

Updated for

Wed 02 Dec 2020

How to Apply for a Secured Credit Card

Applying for a secured credit card is similar to any other credit card application. You can complete the application online by providing personal and financial information, such as your social security number and annual income.

Once you receive an approval, you will then put down your deposit and wait for your card to arrive in the mail. It’s really that simple.

From there, you will receive a statement every month that shows your purchases, balance, and amount of credit remaining.

When possible, pay your balance in full every month, as this allows you to avoid interest charges.

Tip: make sure the issuer of your credit card reports all activity to the three major credit bureaus. By doing so, you get “credit” for responsibly managing your account, which will work in your favor in the future.

You can Soon Move to an Unsecured Credit Card

Even though you may not be excited about using a secured credit card to build your credit, you should look at it as an opportunity.

When you do so responsibly, your credit score will rise and your credit history will improve. Soon enough, you can apply for an unsecured credit card. If you receive an approval, you can then request your refundable security deposit.

Answer These Questions

As you compare secured credit cards, you’ll find that some have more to offer than others. And for that reason, you need to carefully consider all your options before making a final decision.

By answering these questions, you’ll inch closer toward finding the perfect offer:

What are you looking for in a secured credit card, in regards to features?
Do you have a preferred issuer?

How much money are you willing to put down as a refundable security deposit?
These are basic questions, but the answers will help you formulate your search strategy.

Final Thoughts

Now that you understand the basics of secured credit cards, you can decide what to do next.

Your goal is simple: to obtain a credit card that provides convenience, all while boosting your credit score and improving your credit history.

Resources: Card Category Topics

Credit Card Advantages

Credit cards have many advantages if used judiciously. It fulfills all your needs. You can buy anything with a credit card. Because of various benefits the card provides to the users, everyone from teenagers to retirees in the United States has credit cards. Convenient to shop : Credit card is very much convenient to buy anything anywhere. If you are on a shopping spree and want to buy so many things at different shops in a market, credit card will be convenient enough for shopping. If it is on-line shopping then, credit is the best. Some online stores only accept
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Why Some Credit Card Issuers Might Require a Deposit

Why Some Credit Card Issuers Might Require a Deposit Depending on your credit score and history, you may find that many (or all) credit card companies are requiring you to make a deposit. A secured credit card is one of the better ways for someone with no credit or bad credit to improve their score, all with the idea of eventually moving onto an unsecured offer in the future. What is a Secured Credit Card? Simply put, a secured credit card requires a cash deposit at the time of opening the account. The amount of money you deposit acts as
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How to Prepare Yourself to Apply for a Credit Card

You’ve been doing a lot of thinking, and you realize there’s no better time than now to apply for a credit card. While this is a big decision, once you know it’s right for you it’s time to take action. This means something different to everyone, but there are basic steps you can take to prepare yourself. Here are four things you should do: 1. Check Your Credit Score This will give you a better idea of the type of credit card to apply for. For example, if you have an excellent credit score, you’ll qualify for almost every card
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Top Reasons to Use a Credit Card

Before you ever begin your search for a credit card, it’s important to understand why you want to add plastic to your wallet or purse. Without a clear idea of the reasons to use a credit card, you may find yourself applying for no purpose. And what sense does that make? Fortunately, you don’t have anything to worry about here. There are many reasons to use a credit card – as opposed to other forms of payment – including the following: 1. To Build Your Credit History and Score Have you come to realize that your credit history is non-existent?
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What is the Best Credit Card for You?

It’s a question you may ask yourself time and time again: what is the best credit card for you? You assume there’s a simple answer, until you realize that there are hundreds upon hundreds of offers to choose from. Furthermore, since no two consumers are identical, what’s best for you may not be best for the next person. So, deciding which is the best credit card to apply for is a personal decision. You need to answer questions such as: What types of features are you looking for in a credit card? What don’t you like about your current credit
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Financial services disclosures

Credit Terms, Rates and Fees : Credit cards have APR rates and fees that you need to review before you sign on with a bank or lender. Financing costs will influence your decision if you anticipate using the card for single purchases or if you intend to carry a monthly balance. If you don’t make your timely required payments by the due date, financing costs increase and you’ll have to pay the credit card organization those fees plus your current balance. Interest fees range from 0% to 35% APR and annual fees range from $0.00 to $99.00 according to contractually agreed upon terms. Please review the credit card applications for specifics into the terms, rates, fees and conditions. All credit card offers are displayed without guarantee. To affirm terms and conditions, tap the “Apply Now” to learn more about the credit offer on a secure page provided by the card issuer(s).

Terms & Offers

* Advertisements which display guaranteed lines of credit for $500.00 are exclusively for usage through online shopping retail stores, online auctions and/or online marketplace stores. Please review full terms and conditions prior to applying for any credit card. Credit limit offers displayed on advertisements are contingent on getting approved by the credit institution issuing the credit card or issuing the line of credit.

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