I wanted to apply for Aegean credit card. I often fly them. I only have a secured credit card now. Do you think it is a good card for me?
Answered on January 18, 2018
Updated on January 18, 2018
Updated on January 18, 2018
The content is accurate at the time of publication and is subject to change.
Amy Miller
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
User Comments about This Question
BROWSE MORE QUESTIONS ABOUT Secured Credit Cards:
If you applied for the Merrick Bank Double Your Line® Secured Credit Card, your $200 credit line will automatically double to $400 if you make at least your minimum payment on time each month for the first 7 months your account is open. You won't need to deposit any more money to receive the doubled line.
For the Merrick Bank Secured Credit Card, your credit line won't double. Instead, you can start with a credit line of $200-$3,000, depending on your deposit. Your account will then be reviewed periodically after the first year to see if you're eligible for a credit line...
A secured card may be a great option though for getting a credit card and rebuilding your credit as secured cards are usually reported to the credit bureaus – Experian, TransUnion or Equifax. The credit limit on a secured credit card is established by the security deposit an applicant pays. Your initial deposit is usually refundable, and there are secured cards with fair fee schedules and good customer service. It means that secured credit cards work like unsecured credit cards: a cardholder will receive statements every month and will be required to make card payments monthly. The security...
Secured cards require an upfront security deposit to be paid. The credit limit on a secured credit card will be equal to the deposit you pay. The deposit is usually fully refundable. The issuers of secured credit cards can report them to credit bureaus as unsecured credit accounts. The unsecured credit cards do not require a security deposit, but may charge application and activation fees. The credit limit is determined based on applicant’s creditworthiness.
Have A Credit Card Question? Ask Our Experts
Help us personalize your results
Your Credit History:
Do you have checking account?
How long have you had a loan or credit card?
Have you ever been declared bankrupt or defaulted on a loan?
Have you been late on any credit card or loan in the last year?
* - marked fields are required to be filled
By submitting your question, you agree to the following:*
Here at BestCreditOffers.com we will answer all questions
to the best of our knowledge and understanding, but we are not legally accredited professionals.
We assume no liability for actions resulting from our advice and cannot guarantee the accuracy of
information in all cases. Please seek appropriate professional or legal advice when needed.
LOOKING FOR A CARD?
There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.Top Credit Cards: September, 2023
RELATED NEWS
COME GET IN TOUCH WITH US
Never miss a new article, review or a credit product. Follow us in social networks, leave comments, and share your thoughts. Subscribe to receive latest news and trending offers on the credit card market to find the credit card that will save you money and give you perks and rewards.
You've successfully subscribed!
Please specify the following:All these fields are optional
Your Credit History
Themes you are interested in:
SUBMIT
Thank you for providing this information! We will make sure our letters are useful for You.