Secured Credit Cards

Credit card is a part of our life. You need one to make payment to hotel or stores, even if you plan to pay cash. Some people who have never had credit card or need to rebuild credit may not qualify for a regular credit card. Secured credit cards may be the only way to establish or re-establish credit.

What is a secured credit card?

A secured credit card requires you to open and maintain a savings account as security for your line of credit. For example, if you save $500 in the account; $500 will be your credit, you can charge up to $500. You may be able to add more credit by putting money to your account, or sometimes a bank will reward you for good payment and add to your credit line without requesting additional deposits.

How Secured Card works?

You deposit anywhere from $300 up to $10,000 into the issuing bank 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 with your secured card, you may qualify for an unsecured card at a later date.

Where to get a secured credit card? offers Secured credit cards in an excellent way to start over and get your finances back into shape!