What is a good secured credit card?

Answer 1

Use Posbank master debeit card.

Answer 2

the card with the lowest interest is the best. Don't fall for deals like miles, or points. Go for the best interest rate, because if you get into debt, all the miles in the world wont do you any good. A friend of mine got her first credit card and the interest was 14%. Thats a pretty good one, a lot of kids get suckered into 21 or even 24% interest, and there is just no way you can pay that off. Also, after you get the card, and start making your payments on time, sometimes companies will lower the interest if you call and tell them you are going to try to find a better deal elsewhere. Just a little tip...

Answer 3

Go to www.bankrate.com You can see a side by side of available secured credit cards.
That being said, do you currently belong to a credit union? Most credit unions have secured credit cards, and are usually a lot more reasonable than a big monster mega bank.
I used wells-fargo as a my "jumping" off card after I got out of school. Although they didn't eat me alive, they were not the best either. HSBC/Orchard bank also seems like a ripoff, from what I've seen on this forum and others.
The questions to ask the issuer are "Will you report to the credit bureaus?" "When can I get a credit increase?" "What is my APR and my annual fees?". Look out for junk fees, such as application fees, credit increase fees, etc. Do NOT pay fall for this junk!
Good luck!

Answer 4

American Blue Express credit cards are just like other credit cards because you can conduct all your transactions without paying cash, simply by using the card.

One reason that many people shy away from getting credit cards is due to the annual fees necessary for the maintaining the credit cards. But for a person who does not want to pay the annual credit card fees should go for the American Blue Express credit card.

Apart from no annual fee feature of the American Blue Express it also gives cash returns on specific purchases. Users of the American Blue Express also enjoy protection against fraud for online credit card transactions. This card tries to right the various wrong notions about the American Express credit cards, one of which is that it is a credit card only for rich or those who have money to keep a credit card.

Answer 5

Secured? Meaning two things: (1) type of card security, and (2) avoidance of extra charges. A secured credit card is pledged against a fixed deposit, say, $10,000. You cannot touch it unless you close the card, and these funds can only be released in about 1-2 months. In another sense, a good secured credit card is when you always pay in full.

So whether your card is based on unsecured lending or pledged fixed deposit, you will always be credit-secure when you pay in full and live within your means.

Answer 6

Bank of America Visa Platinum Plus Secured Card .
I think all you need to do is send them $99.00 and they give you a limit from $300 and up if approved. Then just after 9 or so months you get your 99.00 back if you qualify for there secured card

Answer 7

A free consumer site at http://www.bad-credit-credit-card-for-people-with-bad-credit.info/ has a free list of secured and unsecured credit cards that accept people with bad credit. You can review a summary of each.

Answer 8

Use Citibank Mastercard or Visa.

Answer 9

Monthly repayment should be paid in time before payment due date. Thanks for the 2 points.