About Secured Credit Cards

Close-up image of a golden prepaid credit card showing embossed numbers. The expiration date reads 10/08, and "2009" is prominently visible. secured credit cards

Differences Between Secured Credit Cards, Prepaid Debit Cards and Visa Gift Cards

Secured credit cards offer a valuable alternative to traditional credit cards, but how do they compare to prepaid debit cards and Visa gift cards? While all three options serve as alternatives to unsecured credit, understanding their distinctions can help you make a smart financial choice. From building credit to convenient gifting, each card type comes […]

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A smiling person proudly holds their first credit card while sitting in front of an open laptop.

What Is a Good First Credit Card for a Young Adult?

Credit Cards / Lynnette Khalfani-Cox, The Money Coach / card to build credit, secured credit cards

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.

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A close-up of a stack of US dollar bills, a secured credit card, and a pen. The image highlights financial tools and currency.

Is a Secured Credit Card a Good Option?

Credit Cards / Lynnette Khalfani-Cox, The Money Coach / secured credit cards

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 be further from the truth.

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My Credit Report Does Not Show My Secured Credit Card Account. What Should I Do?

Credit Reports / Lynnette Khalfani-Cox, The Money Coach / secured credit cards

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 credit. The bank says that the credit card that I was using reports the credit

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secured credit card vs. prepaid debit card

Secured Credit Cards and Prepaid Debit Cards Explained

Credit Cards / Lynnette Khalfani-Cox, The Money Coach / prepaid debit cards, secured credit cards

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 debit cards are fairly easy to get but both cards have their benefits and drawbacks.

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Can Multiple Secured Credit Cards Boost Your Credit Score

Credit Scores / Lynnette Khalfani-Cox, The Money Coach / Payment Reporting Builds Credit, secured credit cards

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 our credit, like charge offs and hospital bills. If we got a few secured cards

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