Which is the best secured credit card to get if you have bad credit?
Credit Card
Montreal SOS asked:
I am looking for a secured credit card that has the lowest interest rate and the lowest deposit amount. Also a need a card that will be reported to all three credit bureaus.
Brandon
I am looking for a secured credit card that has the lowest interest rate and the lowest deposit amount. Also a need a card that will be reported to all three credit bureaus.
Brandon
January 14th, 2009 at 1:30 am
None of them.
You are paying interest to get a card that allows you to use your own money.
You’re better off going to the bank and saying “I have some cash, and would like to buy some FICO points”. Because once they finish with the shell game, that’s what you’ve done.
January 15th, 2009 at 5:24 am
This is one I found:
January 16th, 2009 at 9:16 am
Bank of America Secured credit card, Applied Bank Secured Visa and/or New Millennium Bank Secured.
January 19th, 2009 at 7:19 am
if you have bad credit, you could still be able to get a secured (typically, deposit is at $300) or an unsecured credit card for that matter, just do a little shopping for different cards, there are several that are offered to people with bad credit… and when you’re at it, or when you already have one, try to practice monitoring your credit and try to keep it ‘clean’ as much as you can, this way you’ll start to build your credit once again…