Do you know of a GOOD secured credit cards??

Question

My boyfriend is trying to rebuild his credit and I suggested a secured credit card since he can't get an unsecured. Now the problem is trying to find a good company that is not trying to rip him off with horrible fees or just take his deposit money and run. I'm looking for some info from people who've had actual experience with a company. Good or Bad...

Answer 1

I can help, not only do I talk about this on Y! Answers all the time, but I've had personal experience. Does your boyfriend have a checking and savings account? The reason that I ask that, is that some banks and credit unions offer secured cards. Some of the major banks like BofA, Wells Fargo, and USBank all offer secured cards. These, along with Orchard Bank(HSBC), I would recommend (I posted links below to each of their sites) I would stay away from New Millenium and First Premier as they have to many hidden fees that eat up the available credit on the card before it even touches your hand.

I hope this answer helps you out


good luck, and thanks for reading!

Answer 2

i'm doing the comparable element with a $3 hundred card settle for I cost the cardboard a million/2 thank you to a hundred and fifty$ and pay it off each and each month so there is not any pastime. the extra advantageous the quantity the extra credit yet remember once you're card has extra advantageous than a million/2 its stability used up on the tip of each and each month it certainly lowers the score and sends up crimson flags . So cost a million/2 the soundness each and each month and pay it immediately. i'm utilising the economic employer of u . s . a . secured Visa and it somewhat hassle-free to pay it off on line previously its even due with a appropriate bank account . somewhat I evaluate it no danger because of the fact i'm paying no pastime and that i only use it for groceries. Its the comparable as utilising my examine card settle for i'm getting credit so why not cost a touch extra and receive the advantages. good success consisting of your credit ! with regard to the remark on the extreme expenses economic employer of u . s . a . would not cost those stupid expenses . often the on line No call banks do this yet not a magnificent economic employer some respected banks would cost an annual $50-60 yet this is pennies while it consists of the hardships you will nicely be afflicted by weak credit

Answer 3

Look up community banks or credit unions in your local Yellow Pages. They will give you the best deals on secured credit cards. And, if you have any problems you'll be dealing with a local outfit, not some faceless voice half a world away.

In most cases, local community banks or credit unions won't charge any fees at all and will usually give you a credit limit 2 or 3 times higher than your deposit.

Answer 4

here is a list of secured credit cards on bankrate.com an educational credit tool. You can go on and find one that has the best rate, annual fees ect. I worked for a bank that didn't offer secured cards and would use this resource to help customers.

http://www.bankrate.com/brm/rate/cc_ratehome.asp?web=brm&state=US&prodtype=cc&R1=1&card_type=Secured&card_class=All&max_recs=50

Answer 5

go to www.mytributecard.com this is a unsecured creditcard. Everyone turned my friend down untill he applied here! he got approved with them! with a 300. limit with increases every 4 months!! now everyone is sending him credit cards!! this should work for him!! Good luck!