Things to Know About Secured Credit Cards

May 10, 2020

More consumers than ever are taking the time to learn more about secured credit cards. While it’s not the first choice of many individuals, it’s a tool to strongly consider, thanks to a variety of high-level benefits. A secured credit card works just the same as an unsecured credit card, with one major difference: you’re required to provide a refundable security deposit in exchange for a line of credit. Yes, this means money out of your pocket to obtain the card, but after that, you can use it the same way as any other credit card. Note: the security deposit
Continue Reading »

5 Benefits of Secured Credit Cards

January 29, 2019

Do you have bad credit or no credit? Is this making it difficult (if not impossible) to apply for a credit card? If you don’t qualify for a traditional, unsecured credit card, there’s another idea to consider: a secured credit card. With a secured credit card, you’re required to make a deposit to receive an approval. This deposit then serves as your credit limit, as well as collateral. For example, if you deposit $1,000 you’re able to spend up to this amount. Also, if you default on your account, the lender has the legal right to keep the deposit. Despite
Continue Reading »

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.

blank
The Benefits of Secured Credit Cards

April 3, 2018

Are you finding it difficult to qualify for a traditional credit card? Are you interested in learning more about a secured credit card? Do you have reason to believe that this could improve your financial situation? Secured Credit Card In many ways, a secured credit card is exactly the same as a traditional credit card. However, there is one major difference: with a secured credit card, you are required to make a deposit in order to receive an approval. The deposit is collateral for any purchase you make. So, if you default in the future, the card issuer has the
Continue Reading »

blank
Secured Credit Card – What are the Benefits?

January 9, 2018

Are you finding it difficult to qualify for a traditional credit card? Are you interested in learning more about a secured credit card? Do you have reason to believe that this could improve your financial situation? In many ways, a secured credit card is exactly the same as a traditional credit card. However, there is one major difference: with a secured credit card, you are required to make a deposit in order to receive an approval. The deposit is collateral for any purchase you make. So, if you default in the future, the card issuer has the legal right to
Continue Reading »

blank