Secured cards that people with bad credit can benefit from
If you are reeling under the effect of a poor credit score, it is more than likely that you are struggling to find a credit card lender who is willing to give you a credit card. Though this might seem to be a risky proposition, certain credit card lenders are willing to take the risk, albeit with caution. There are secured credit cards that are available for people with bad credit. Here are a few that are worth a mention.
The Applied Bank Secured Visa Gold card is one of the cards under this segment. There is no application or activation fee for this card. The rate of interest on this card is 9.99% which remains unchanged even if you are late in making your payments. Customers can choose their credit limit based on how much they can pay upfront as a security deposit. The deposit can vary between $200 and $5000 a month. All transactions on this card are reported on a monthly basis to the three major credit bureaus.
The Capital One® Secured MasterCard® is another worthy option for people with bad credit. The bank does not charge any application or processing charges. Customers can avail a credit of up to $3000 based on the security deposit paid up-front. Good payment and effective usage of the card will help customers get an extended line of credit without having to pay any extra deposit. All transactions are reported each month to all credit bureaus. The card has an annual fee of $29 and the interest rate is variable at 22.9%.
Latest Bad Credit Card News
On the threshold of the most romantic holiday, WalletHub published the results of the so-called Valentine’s Day Spending Survey. 1,000 men and women from across the U.S. participated in the poll. The questions concerned not only the expenses and expectations before February 14, but also how the financial situation may affect a relationship. The most […]
People are seriously worried about the security of their bank accounts due to the suspicious e-mails they received this Monday. The notifications’ sender was marked as Synchrony Bank. Some of the e-mails contained information about a newly opened Amazon Credit Builder account. Others informed the customers that some transactions are proceeding between Synchrony Bank and Credit Builder accounts, and that a trial deposit had been made.
As a new online Bankrate survey of almost 2,5 thousand respondents shows, 84% of Americans face financial product denials. The bigger part of millennials (22-36 years old), namely 58%, was rejected for a credit card or another credit product at least once. The reason is their bad credit score.
The third quarter is just around the corner. And Amalgamated Bank of Chicago is ready with an attractive forthcoming rewards category that will appeal to all travel lovers. It will be recalled that ABOC credit cards come with 1x ABOC Bonus Rewards Points on all purchases. But their no annual fee Platinum Rewards Mastercard® and […]
Bad credit history sounds like a sentence for many people. But is it so? Let’s consider the issue of bad credit in more detail. Our life is unpredictable, and we never know what can happen. We are not insured against anything. However, it is important to remember that there is always a way out or […]