I was thinking of opening a Secured CC to boost my credit score even higherr than what it is. Im trying to search online but the only place where it looks legit is Wells Fargo. anyone else know a company thats legit to open a secured CC with
2007-01-08 09:19:44 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
Not sure a secured card will do anything good for you. If you have good credit, why would you need a secured card in the first place? You might want to rethink this.
Let's see what other ideas you get.
2007-01-08 09:29:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Confused as to why you would do it if your score is already sufficient for unsecured credit but having said that I would go with Wells or another major financial institution....Your goal is to have an unsecured card with a major issuer and not a secondary lender....often a secured card will be unsecured by the issuing bank after a perod of time has elapsed assuming you pay as agreed, you have no new derogatories on your credit, you were ineligible for an unsecured card because of income or lack of credit history (not major derogatories) etc.......secondary lenders may provide better terms on the secured product but it probably won't get you to an unsecured product with a major issuer as quickly.
2007-01-08 11:19:26 · answer #2 · answered by SmittyJ 3 · 0⤊ 0⤋
Almost all CC companies offer a secure card. Some will rip you OFF though. Check the annual fee, the membership fee, the renewal fee, and all those other fees that they tack on. Then check the interest rate. Be careful!
2007-01-08 09:27:28 · answer #3 · answered by anniewalker 4 · 0⤊ 0⤋
Any place that issues credit cards will offer a secured card. Just walk into any bank.
2007-01-08 13:22:35 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
Orchard Bank offers cards to bad credit folks and they are not secured.
Try any bank to get a secured card, if you have to go that way.
2007-01-08 12:13:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋