Secured Credit Card secured credit card is your ultimate resource for everything having to do with secured cards. Find out what you need to know about secured credit card today. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Secured Credit Card A secured credit card is a guaranteed VISA or MasterCard that has been secured by a deposit to the issuer’s bank. You must deposit an amount, ranging from $300 to $5000, in a low-interest saving account or CD to secure the credit card, and you then receive a credit line for up to 100 percent of your account balance. Each bank has their own requirements for how much you can deposit for your credit line. The bank issues you a credit card using your deposit as security. A secured credit card is ideal for individuals establishing credit or with previous credit problems. In most cases, the card is almost guaranteed unless you just have tragic credit. A major credit card, paid on time over time is the strongest credit reference you’ll ever have. For building good credit, a secured Visa credit card is even better than a mortgage or car loan. Who is right for a secured credit card? College students, foreign students, immigrants, or those recently divorced or widowed may find a good use for a secured credit card, because it is common for banks to reject their application for an unsecured credit card because of a lack of a credit history. Or if you haven’t even begun building your credit history. By using a secured credit card for a year or two, you will see your credit options open up dramatically. People who have bad credit including charge-offs, bankruptcy, or a slew of other financial problems in the past will have a spotted or plain bad credit history. A secured card is also ideal in this situation; it will help these people rebuild their credit and get back on their feet. However, an issuer is like any other lender in that they want to see that a customer’s financial habits are controlled, so that their credit card does not become another bad debt in their downward spiral. Although you have to put down some deposit, you won’t have to stay secured long if you pay your bills on time and don’t go over the limit. If you successfully manage the secured credit card for at least a year, you will be able to ask for an increase of your credit line or apply for a regular credit card. And don’t worry, secured cards don’t have silly or creepy names that will ostracize you from the rest of the world. A lot of household names offer secure credit cards like the secured MasterCard. A secured credit card looks no different than a regular credit card, so you won’t have any problem using this card, including for rental cars or a hotel reservation. By demonstrating responsible use and the ability to make payments on time with a secured credit card, you can give yourself a “second chance” with credit. But be careful and always review the terms of your cedit agreement. What this means is, read the fine print. They tend to have annual membership fees, higher annual percentage rates, and credit limit increases that lag behind unsecured cards. If you miss payments, are late on payments or go over your limit, you will be charged with large penalties. Millions of Americans are obtaining secured Visa credit cards, however, guaranteeing that they will never be tempted to overspend and get into deep debt. Pay Your Bills You want to make sure you pay the balance on your secured credit cards every month. This is the purpose of a secured card. You want to help your credit rating, not harm it. Every major company offers a secured card, including Visa. This is called a secured Visa card and can be used just like a normal Visa card. Get rid of your secured credit card debt today. Access the things you have been hoping to access with the best secured credit card. You can send in your secured credit card application as soon as you desire and discover all kinds of wonderful things. Soon, you will be enjoying things you didn’t think you would be enjoying at this point. A bank secured credit card can help put an end to your worries. Simply apply, sit back, and wait for magic to happen. Before you know it, you will discover the benefits of a partially secured credit card! Sat, 26 Jul 2008 15:00:00 EDT Partially Secured Credit Card A partially secured credit card is good if you like things of that nature. Get your partially secured credit card today! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Secured Credit Card Application A secured credit card application will help you. Fill out a secured credit card application today! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Bank Secured Credit Card A bank secured credit card is a might powerful things. Get a bank secured credit card as soon as you can. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Best Secured Credit Card Best secured credit card? Sure, we can help you get the best secured credit card. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0