About Secured Credit Cards

A secured credit card is a card where you essentially put up cash as a deposit. Let’s say $500, or maybe even $1,000.

Whatever amount you turn over to a bank that is issuing you a secured credit card becomes your credit limit. If you put up $500, then you get a secured credit card issued to you in the amount of $500, which gives you a $500 limit.

Last Updated 14th June, 2013 Need advice? Get one-on-one financial coaching! Secured credit cards, prepaid debit cards and Visa gift cards are all alternative methods of payment to a traditional unsecured credit card. But which one of these cards is the right match for you? Understanding the key differences between secured credit cards, prepaid debit cards […]

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Last Updated 4th April, 2013  A secured credit card is typically a good option for those who might have thin credit, or perhaps no credit.   Maybe you have bad credit because you’ve had credit problems in the past. Don‘t think that the entire world of credit is closed to you, because frankly nothing could […]

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