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.

secured debit cards vs prepaid cards

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

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 and gift cards can help you make the most informed …

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credit history

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

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 …

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

secured credit card vs. prepaid debit card

Secured Credit Cards and Prepaid Debit Cards Explained

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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secured credit cards

Can Multiple Secured Credit Cards Boost Your Credit Score

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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