Term: Secured Credit Card
10 found

Help! I Was Rejected for a Secured Credit Card

By Steven Shaw on 11/4/2015

denied_credit_card

Having to apply for a secured credit card because you have too little credit experience or too low of a credit score to qualify for a regular, unsecured one can be disappointing. But getting a thin envelope with a rejection — and no card — is even worse. What can you do if an issuer won’t give you a credit card, even when you’re willing to put the full amount of your credit limit on deposit with them? (And why would they even do that?)

apply for a secured credit card
credit cards
Secured Credit Card

Help! I Have No Credit Score

By Steven Shaw on 10/22/2015

no credit score

Establishing a good credit score can be a confusing process, especially if you are getting conflicting advice about the best way to do it. A Credit.com blog reader asked us recently about the best way to build a credit score. He said he plans to start with a secured credit card, but some people are telling him he should pay his bills in full each month, while others recommend he should carry a balance of about 10% of the limit so his “score will go up faster.” He wants to know: Who’s right?

credit score
establish credit
no credit score
Secured Credit Card

Can I Get a Car Loan With No Credit?

By Steven Shaw on 10/17/2015

Is Your Car Loan Too Expensive?

If you don’t use credit or just started building it, chances are you have no credit file or maybe just a thin one — it’s there, but there’s not much to it. That can leave you with a low credit score or no credit score at all, which may make it difficult to get credit when you need it.

alternative credit
alternative credit reports
auto loan
Car Loan
Credit Card
no credit
no credit score
Secured Credit Card

5 Credit Cards You Can Get After Bankruptcy

By Steven Shaw on 6/1/2015

5 Credit Cards You Can Get After Bankruptcy

There is nothing fun about declaring bankruptcy, but those who emerge from it can be thankful for the opportunity to rebuild their finances without the burden of debt. And while one of the quickest ways to rebuild your credit is with a credit card, there are few cards that you can get soon after bankruptcy.

Bankruptcy
credit cards
Secured Credit Card
Secured credit cards

Secured Card vs. Prepaid Card: Which is Better If You Have Bad Credit?

By Steven Shaw on 5/5/2015

Secured Card vs. Prepaid Card: Which is Better If You Have Bad Credit?

If you have bad credit, finding a credit card can be tough. But not having one can be inconvenient, especially if you travel or shop online. That’s where cards for bad credit come in. They are easier to get than traditional cards, and may provide some of the benefits. The cards in this category fall into two camps: prepaid cards (which are actually debit cards) and secured cards. 

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prepaid cards
secured card
Secured Credit Card

5 Credit Cards to Help You Build Credit

By Steven Shaw on 3/9/2015

credit cards to help you build credit

Do you need to build your credit? Perhaps you are a young adult who has never had a credit card, or maybe you are a new arrival to the U.S. without a credit history here. Others may need to build credit after having gone decades without applying for any type of loan.

build credit
credit cards
secured card
Secured Credit Card

How Fast Can a Secured Credit Card Improve My Credit?

By Steven Shaw on 2/24/2015

How Fast Can a Secured Credit Card Improve My Credit?

If you’re trying to build credit for the first time or improve a credit score damaged by past financial problems, you may have heard advice about using a secured credit card. Using a secured card can be an effective way to establish a positive credit history, but it’s not a one-size-fits-all strategy. For some consumers, using a secured card can help their credit within as little as six months of opening the account — for others, notable improvement can take much longer.

build credit
building good credit
credit score
secured card
Secured Credit Card

7 Credit Card Strategies to Help Your Credit

By Steven Shaw on 8/7/2014

credit card strategies 

Using a credit card is one of the easiest ways to build your credit score, assuming you use it responsibly. The revolving-credit trade line will help you establish a pattern of payment behavior and credit use, which have the most influence on your credit score, and there are a few simple things you can do with your card to make sure you’re building a strong credit score.

improve credit score
improve your credit
Secured Credit Card

How to Upgrade Your Secured Credit Card

By Steven Shaw on 7/31/2014

How to Upgrade Your Secured Credit Card  

When people are struggling to rebuild their credit, a secured card can offer them the opportunity to qualify for a credit card and establish a positive credit history. Unfortunately, secured cards also have several drawbacks compared with standard credit cards. For example, secured cards always require a refundable deposit that is held by the card issuer, and nearly all secured cards charge an annual fee. In fact, there are many secured cards that charge a monthly fee. Also, secured cards tend to offer fewer benefits such as purchase protection policies and travel perks.

Eventually, secured card users are going to want to graduate to standard, non-secured credit cards to enjoy some of features they have been missing. If you are a secured credit card user, here is how you can get there:

Secured Credit Card

The Best Secured Credit Cards in America

By Steven Shaw on 7/22/2014

The Best Secured Credit Cards in America 

In America, we believe that everyone deserves a second chance. If you’ve seen your credit suffer due to bankruptcy, joblessness, medical bills or just a pattern of poor decisions, there is always a way for your to re-establish your credit.

Best Secured Credit Cards
secured card
Secured Credit Card