babe112083 asked:
Anyone know of any really good secured credit card deals for people who have bad credit? I’m looking for one preferably with minimum annual fees.
Actually I just read what the difference between secured and unsecured is and I really want an unsecured credit card. Is there any that you would suggest?
Credit Mechanics
Anyone know of any really good secured credit card deals for people who have bad credit? I’m looking for one preferably with minimum annual fees.
Actually I just read what the difference between secured and unsecured is and I really want an unsecured credit card. Is there any that you would suggest?
Credit Mechanics
April 6th, 2009 at 3:08 am
Helping People Fix and Maintain Credit
Your best bet for an unsecured with bad credit is Orchard Bank.
If you don’t qualify for an unsecured, they also have secured cards
April 8th, 2009 at 1:37 pm
CreditMechanics.com
I can understand why you’d what an unsecured credit card. The title itself implies you don’t have to put down any of your money. This of course is very misleading.
Stay away from unsecured credit cards for bad credit. It’s true; in most cases you don’t have to put down a dime..but when you get your 1st bill…you’ll most likely see a very large annual fee. I’ve seen “unsecured” credit cards with an $150 annual fee.
I just think a secured credit card is better. At least if you ever close it, you’ll get your deposit back. With the unsecured credit card for bad credit, your annual fee just goes to the bank.
I do agree with a previous author. The Orchard Bank secured credit cards are pretty good ones. You may also want to try First Premier Bank. For people with bad credit, they have reasonable annual fees and pretty low interest rates.
I used to have bad credit..and I had the Capital One Secured Card. It had a low max balance $300 but I always paid my bills and eventually, they sent me an application for the Cap One Platinum card. This had a $10K credit limit.
The moral of the story is get a secured credit card from a reputable bank. Pay your bills online..maybe one day they’ll offer you a better credit card.
April 8th, 2009 at 8:29 pm
Credit Mechanics
A Credit card for people with bad credit is a form of borrowing that often involves charges. So it’s wise to compare terms and fees before you agree to open a credit or charge card account. Try looking for a credit cardwhich credit cards you should apply for? Shop around because not all credit cards for people with bad credit are created equal.
April 11th, 2009 at 3:35 pm
CreditMechanics.com
You may get your doubts very well clarified from… . Best wishes!
April 12th, 2009 at 10:37 am
Credit Mechanics
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