- Reports to 3 Major Credit Bureaus Monthly Providing You the Opportunity to Rebuild Your Credit Score!
- Acceptance at Millions of Locations Including Website Purchases and Reservations
- Your Account Information is Updated and at Your Fingertips 24/7 So You Can Manage It Your Way
- Email and Text Messages to Remind You of Your Upcoming Payment Due Date with Online Enrollment
- On-Call Customer Service Representatives to Assist You with Questions and Concerns
Tips to Know
There are a lot of secured / bad credit credit cards on the market. While there are some that are out there to scam you, or take your money, there are a lot of legitimate cards out there that can help you re-establish your credit. When searching out a card, here are a few things that you can look into.
Building your credit - The first thing that you’re going to want to look into is the credit rebuilding process. When you apply for this card, are they going to report to the major three credit bureaus? If they do, they will highlight it in their application copy. If they don’t, or you don’t know if they do, you may want to call them up to ask them before you apply for the card itself.
A major bank - Secondly, you’re going to want to make sure that your card comes from a major bank, as well as has a major logo from issuers such as Visa and Mastercard. Without this logo, your card won’t be accepted at various merchants out there. You will find that some cards out there don’t carry that major logo. Because of this, you’re going to find that the card won’t be accepted.
Check out the fees - The last thing that you should look into is the fees itself. While a lot of cards out there have annual fees, and more, there are some that have lower fees than others. Some cards are going to charge annual fees, while others may charge a onetime fee only. While there is going to be a lot of wording, you're going to want to make sure that you read them. There are many fees that these banks like to add on.
Credit unions - If you're finding that you're not liking the cards on our list, that is fine! Instead, check with your local credit union. Many of your local credit unions are going to have cards that you can choose from, and yes, some are rather good. Keep in mind that many of these are going to have fees as well.
Pay in full and learn - Treat this credit card just like any other card. It's essential to know that you should pay your bill off in full. Not only is this going to help you build your credit faster, it's going to help you avoid interest rates. The quicker you build your credit back up, the sooner you can graduate onto a card that isn't "secured" related.
Know when to update - There is going to be a time when you credit score doesn't look that bad after all. This is probably when you should upgrade your card to something that doesn't have a lot of fees. Keep in mind that your score isn't going to change overnight. Instead, try and keep up with your score every 6 months or so.