Secured credit cards are taken as the best option for those who have no credit or are considered bad. This ought to be a great problem but thanks to the secured CC recommended, anyone, to gain access to it.
Unlike other credit cards, secured credit cards are given credit limits that your deposit must not exceed. So, getting the best-secured credit card is all you need.
Best Secured Credit Cards
As easy it may seem, some people do get turned down for a secured credit card but that is if you have a long history of missed payments, unpaid debts, or other faults. Through secured credit cards, you can start building a commendable credit history so as to be able to acquire other credit cards with lots of benefits. So, this is considered a start-up, therefore, try as much as possible to get a good credit report.
Best Secured Credit Cards to Rebuild Credit
They are lots of secured CC that are made available for customers but which is considered the best as some do come with great perks and that fit our needs. Now talking about the best security cards, most especially for those who have a bad credit history. I consider you to go for the OpenSky Secured Visa Credit Card.
The OpenSky Secured Visa Credit Card is well recommended for rebuilding credit as it is acquired by having your credit checked. In addition to that, the OpenSky Secured Visa Credit Card does not require you to have a bank account. All that is required is just a $200 security deposit. Although they got an annual fee you can build your credit card quickly as 3 credit card bureaus of great significance are attached to them.
Best Secured Credit Cards with No Annual Fee
Having the annual fee cut off your payment can be a great relief as this could help add up to your savings. This card which is considered the best-secured credit card with no annual fee is no other than the Citi Secured MasterCard. This card offers no annual or monthly fees but a security deposit is also charged which ranges from $200 – $2500. You should also note that the security deposit also amounts to your credit limit.
Best Secured Credit Cards with a High Credit Limit
There are lots of secured credit cards but few are available with a high credit limit. Out of those few security credit cards, the U.S. Bank Secured Visa Card is considered the best. You can deposit cash up to $5000 based on your security deposit. You are not charged for any sort of annual fee whatsoever and also a health standard benefits package is awarded on a due date picked by you.
Nonetheless, the card has a regular APR of 25.99% attached to it on purchases but there are no penalties associated with it. Based on security reasons, you get notified instantly of any uncommon card activities seen.
Moreover, to avoid late payment fees, there are automatic payments made available which helps your payments run faster so as not so as it may not reach above the due date. More research can be done on Google.