Secured credit cards are linked to a bank account, allowing a credit card company to deduct payment if the cardholder fails to pay. To obtain a secured card, a consumer must deposit an amount of money equal to the credit limit of the card into a bank account. This account is separate from any other accounts the consumer may have.
*Minimum $200 deposit required. Your credit limit will be equal to the amount of your deposit.
Intro
APR
Intro
Period
Regular
APR
Annual
Fee
Balance
Transfer
Credit
Needed
N/A*
N/A*
9.99%*
$50*
N/A*
No Credit Check*
How Secured Credit Cards work
You deposit money into a security deposit account. Your credit line will directly reflect the amount of your deposit.
You can then make purchases with your card up to the amount you have in your security deposit account.
You must pay at least the minimum payment before the due date each month. Paying off your credit card balance in full each month instead of carrying a balance may help. Your security deposit does not cover minimum payments.
Based on your credit and payment history, you may qualify for an unsecured card at a later date.
Excellent Credit
750-850
Good Credit
660-749
Fair Credit
620-659
Bad/Poor Credit
350-619
No Credit
0-0
Do You Know Your Credit Score? Find Out Now!
*Credit Card will be charged, if Membership NOT cancelled!!
A credit score
is a number generally between 300-850, based on a statistical
analysis of a person's credit files. This score represents the credit
worthiness of a person. A credit score is assigned to each individual, to rate
how risky a borrower he or she is--the higher the score, the less
risk the individual poses to creditors. In most cases, your credit score will determine whether you will be
approved for a credit card.
1. Credit Scores range from 300-850, the higher the better 2. Most lenders base approval on your credit score. 3. Higher Scores mean lower payments and better deals. 4. Higher Scores mean Lower interest rates. 5. Scores are determined by 5 main categories:
Payment History
Amounts Owed
Length of Credit History
Type of Credit Used
New Credit
Security Notice: All Applications utilize Secure SSL Technology for secure transmissions.
.gif)
Security Notice: All Applications utilize Secure SSL Technology for secure transmissions.