Add Secured Credit to Your Credit Reports
by Lisa Phillips
by Lisa Phillips
1. Secured Credit Cards
| Copyright RebuildCreditScores 2008. All Rights Reserved |
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Secured credit is always a good option
for those who cannot qualify for regular,
unsecured credit card.
Not only will you have the benefits of a
non-secured credit card but you will also
get an opportunity to convert that
secured credit card into a regular credit
card once you have made a series of on
time payments.
Usually the secured credit card will
convert after about 12-18 months of
regular on time payments.
for those who cannot qualify for regular,
unsecured credit card.
Not only will you have the benefits of a
non-secured credit card but you will also
get an opportunity to convert that
secured credit card into a regular credit
card once you have made a series of on
time payments.
Usually the secured credit card will
convert after about 12-18 months of
regular on time payments.
The most important action you should take when getting a secured credit card is to make
sure your payment history is reported to all major credit bureaus. The positive payment
history will help rebuild your credit scores. When seeking secured credit it is imperative
that the credit card issuer or bank reports to Experian, Equifax and Transunion.
With the Applied BankTM Secured Visa® Credit Card you’ll get a Low Fixed APR of
9.99% and your rate won’t change even if you’re late! There are no credit or income
requirements. Applied Bank also has another great secured credit card. This offer is for
a genuine Secured Visa Gold Credit Card with Guaranteed Approval. Consumers are
required to make a Secured Deposit in an FDIC Insured Account that will equal their
Credit Limit. Deposits can range from $200 to $5,000.
New Millennium Bank has guaranteed your credit approval for up to $10,000* (with both
cards) in secured credit! Build or rebuild your credit the SMART way with a NMB
Secured Black Diamond Visa® or Mastercard® credit card! (* Terms and conditions apply.)
The way your credit card is reported is also important. The ideal scenario is to have the
credit card issuer report the account the same way as a non-secured credit card.
Basically you do not want a notation on your reports that the credit card is secured. The
credit bureaus may ding your score if it sees "secured" credit on your credit reports.
sure your payment history is reported to all major credit bureaus. The positive payment
history will help rebuild your credit scores. When seeking secured credit it is imperative
that the credit card issuer or bank reports to Experian, Equifax and Transunion.
With the Applied BankTM Secured Visa® Credit Card you’ll get a Low Fixed APR of
9.99% and your rate won’t change even if you’re late! There are no credit or income
requirements. Applied Bank also has another great secured credit card. This offer is for
a genuine Secured Visa Gold Credit Card with Guaranteed Approval. Consumers are
required to make a Secured Deposit in an FDIC Insured Account that will equal their
Credit Limit. Deposits can range from $200 to $5,000.
New Millennium Bank has guaranteed your credit approval for up to $10,000* (with both
cards) in secured credit! Build or rebuild your credit the SMART way with a NMB
Secured Black Diamond Visa® or Mastercard® credit card! (* Terms and conditions apply.)
The way your credit card is reported is also important. The ideal scenario is to have the
credit card issuer report the account the same way as a non-secured credit card.
Basically you do not want a notation on your reports that the credit card is secured. The
credit bureaus may ding your score if it sees "secured" credit on your credit reports.
Credit Card Offers for Average Credit
 | Orchard Bank Classic MasterCards | |
| Capital One Card Lab | |
| Tribute MasterCard Gold | |
| Capital One® No Hassle Cash Rewards | |
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