2007-05-19 13:25:20 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
Depends on what it's for?
If it's a fee just to get the card, or a finders fee to some website to steer you to some other bank, then no.
A secured card, where you deposit like $500 in their bank and get a $500 credit line against it, those are great for building credit.
2007-05-19 14:18:35 · answer #1 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
Is this a "secured" card? Most major banks offer secured cards where you deposit a certain amount in a savings account and pledge the account to pay off the card if you default. These are a legitimate as any "normal" credit card. If you are not familiar with the issuer, go somewhere else.
2007-05-19 14:02:25 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Sometimes a credit card company will require that in order to establish a payment history. This is typical if you have no credit or bad credit.
2007-05-19 13:38:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
yes
thats for those cards for the people that can't get a card
any other way because of low or no credit
and it forces them to establish a payment history
even before they can use the card by paying the bill on it.
up front.
which later on is released to them as credit with interest
http://www.moneyrushonline.com
2007-05-19 13:30:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
They will typically only do that if you have a bad or no credit history.
2007-05-19 13:30:46 · answer #5 · answered by B F 2 · 0⤊ 0⤋
maximum banks have of their shopper agreements a suitable for the monetary organisation to do precisely that. If one is going to be overdue in making charge on a debt one could communicate it with the monetary organisation fairly than have them take measures to guard their different depositors, bond holders, and stockholders.
2016-11-04 12:09:57 · answer #6 · answered by ? 4 · 0⤊ 0⤋