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.
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 ...
Having a credit card – or even a couple of credit cards – isn’t always a bad thing for young adults, provided they learn about credit management and use credit wisely. If you (or your child) have just turned 18, ...
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 ...
Q: I had my first "secured VISA" Credit Card from a Federal Credit Union planning to build my credit. But now when I go to apply for a Non-secure VISA Credit Card the system doesn't show any records about my ...
Q: What is the difference between a secured credit card and a prepaid debt card? A: If you aren’t eligible for an unsecured credit card, you still have options for carrying plastic in your wallet. Secured credit cards and prepaid ...
Q: My wife had a premie baby almost 6 years ago and couldn’t work for two years. Even though I worked two, and sometimes three jobs, we got behind on our bills and now have a lot of stuff on ...
